Posted on 08/04/2008 8:42:10 AM PDT by DallasBiff
CNN) -- Barack Obama's campaign released a television ad Monday that calls for a windfall profits tax and accuses John McCain of being in the pocket of big oil.
(Excerpt) Read more at cnn.com ...
It’s always about taxes with the Marxists, isn’t it.
This one issue may do Obama in. He is on the wrong side of drilling, and his alternative is keeping your tires inflated. This is just unbelievable that the Dem candidate for President has this policy as his cure to our energy problems. This man is in kindergarten when it comes to the real issues that plague our nation. He is NOT READY for this and we are stupid if we elect him. We will deserve everything we get from this empty suit.
Someone should ask the anointed one, just what mechanism works to cause a “windfall profits tax” to lower the price of oil..........
This is NOT an energy plan. This is a redistribute the wealth plan. It does nothing to increase supply to lower prices.
Short version: From each according to his ability, to each according to his need.
Marxism rules...workers of the world unite.
What makes you think that Obama wants to lower the price of gas? He’s made it clear that he is ok with these prices (they encourage conservation, alternate means of travel, etc.).
He thinks that the run up TO these prices was a bit abrupt and that it is taking some getting used to.
The oil companies need to start running commercials 24/7 showing just who “Big Oil” really is. It’s your grandmother, grandfather, uncle, aunt, mother, father, sister, brother, neighbor, etc. that all own shares in the oil companies or have their 401(k)’s and pensions invested in mutual funds that own oil stock.
I’d bet every single member of the California SEIU labor union would be shocked to find out that CalPers owns oil stocks!
Whatever you tax, you get less of.................Whatever you subsidize you get more of..................
Tell us, Mr. Obama, how is taxing the profits of oil companies going to lower the price of gas?
My 401k is heavily invested in oil stocks..........
A simple "do the match" show-and-tell to explain ...
a. How much of every gallon is "profit"
b. How "profits" go to stockholders (including retirees, including Democrats)
c. How "profits" go to exploration
d. How Democrats HATE some corporations; and LOVE divisiveness.
Tax liberals. If they want government programs, they should pay for them.
“Little B.O.-Peep and the Tire Gauges!”
Exxon Posts Record $32.36 Billion Tax Payment
July 31, 2008 | Mark J Perry
This is from Carpe Diem: Professor Mark J. Perry’s Blog for Economics and Finance’s blog...
CNN’s headline: “Exxon posts record $11.68 billion profit.”
According to CNN, Exxon Mobil once again reported the largest quarterly profit in U.S. history Thursday, posting net income of $11.68 billion on revenue of $138 billion in the second quarter. That profit works out to $1,485.55 a second.
Buried in the story we also find that “In addition to making hefty profits, Exxon also had a hefty tax bill. Worldwide, the company paid $10.5 billion in income taxes in the second quarter, $9.5 billion in sales taxes, and over $12 billion in what it called ‘other taxes.’”
“how is taxing the profits of oil companies going to lower the price of gas?”
It won’t, but it will give the envious the irrational satisfaction of punishing oil companies.
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