LOL... Send any idiot who agrees with this back to economics class.
Somebody, ANYBODY, 'splain to me how adding a tax could IN ANY SCENARIO, "soothe" rising energy prices.
You know I almost wish they would tax big oil. maybe when that cost is passed on to us and gas goes up another 10 or 20% people will open their dang eyes.
No liberal political agenda is ever complete without some class warefare and redistribution policy at its core.
Ask any liberal, “How will taking money away from oil companies and giving it to the government make my gas cheaper at the pump?”.............
Yeah, they kinda see it as their new "Tobacco" industry.
It's not kosher but think of all of the social and planet saving programs they could start with the money.
If he really believes this I've got a bridge to sell him.
Is there a chart showing how much oil companies made say from 1990 to present?
You know, maybe we should let the idiots in Congress, and all lefties and unprincipled moderates and independents have their way on this. When gas hits $6 a gallon, I will at least have a happy shining moment of ‘I told you so.’
Does anyone know what oil companies “do” with their profits? Do they take their wives for a night on the town? Do oil companies build pleasure palaces of gold plate?
Or do they not fund projects that put millions of people to work, drilling, building, doing just that much more of what oil companies do?
“Profit” left in private hands gets re-invested in productive enterprises. “Profit” taxes away by government gets you more government. You can spend your energy dollars on energy projects run by people who know the energy business, or you can spend your energy dollars on pet projects run by lawyers, professors, and politicians.
This is laughable. What is “Big Government” doing with the huge tax windfall they already recive from the oil companies? If you look at Exxon Mobil’s earnings report, while their net income was about $11 billion in the first quarter, they paid nearly $30 billion in total taxes!
Would someone please define what a ‘Windfall Profit’ is.
Big oil is making nothing compared to Big Farming...
First they say the oil companies make too much, are evil, and they will take the money from big oil. OK, that cannot possibly lower prices.
Then they talk about energy alternatives and using less energy. Obama even said it will "cost" Americans to grow a "green" economy. So they are NOT planning to lower prices with this, the alternatives REQUIRE higher energy prices.
They preface all this with no new oil because it will take 10 years to start flowing. As if ten years is forever, meanwhile they offer nothing that can help in the next 10 years.
The democrats deliberately are making energy cost more, and the stupid republicans will pay at the polls for this. Outrageous.
Doesn’t big oil already pay a 35% federal corporate income tax on these profits and their share holders also pay capital gains tax on their earnings? Sounds like these “obscene” profits are double taxed already.
why not a raid on the profits of Big Media?
Institutional Investors constitute the majority of stockholders in the oil companies. Institutional Investors is a codeword for, among others, PENSIONS! Democrats want to penalize (or raid) your PENSION fund to satisfy their Marxism.
A free society response to a company's increasing profitability is to purchase the company stock. It is absolutely Marxist to demonize a successful company for being successful.
The oil company’s profits are not “windfall.”
so let me get this straight....
gasoline costs $4.00/gallon.......
the lib/dems tax the oil companies.....
oil companies to maintain profits now charge...
$4.25/gallon for gasoline......
guess the lib/dems taught the oil companies a valuable lesson and are fighting for the people of the US!!!
Why do I get the feeling that big problems have been deliberately invented to bring on drastic “resolutions”, which will, no doubt, make wide inroads tko our Constitutional rights?
The government is the problem, not the solution!