Posted on 02/06/2023 12:21:20 PM PST by Oldeconomybuyer
Last week, a group of Democratic lawmakers known for their climate policy advocacy gathered outside the U.S. Capitol building to call for a new tax on the immense profits earned by oil and gas companies since Russia invaded Ukraine last year.
“We know truthfully how much money they made by gouging consumers,” said Sheldon Whitehouse, a Democratic senator from Rhode Island with a history of pushing for action to combat climate change. “We’re working to try to take that back.”
Taxes have always played a key role in climate policy. For decades, climate advocates pushed for a tax on carbon to penalize emissions. When that failed to gain traction, they switched gears to advocate instead for tax incentives to spur clean energy.
It’s not just politics that suggest the longevity of these new conversations at the intersection of climate and taxation. Sooner or later governments will likely need to generate more revenue to fund energy transition efforts.
To raise that money, some climate wonks have suggested simply relying on the most commonplace of taxes: the personal income tax and corporate income tax.
Indeed, it’s easy to dismiss the budding conversation at the nexus of climate and taxation with an eye roll. But politics can change quickly, and the conversations happening now may lay the groundwork for a new, climate-informed tax regime.
(Excerpt) Read more at time.com ...
I tell ya, Democrats are just clueless!
If the wind changes direction, can that be considered climate change?
““We know truthfully how much money they made by gouging consumers,” said Sheldon Whitehouse, a Democratic senator from Rhode Island with a history of pushing for action to combat climate change. “We’re working to try to take that back.” “
By taxing the consumers more? FO a$$hole/
Everyone has a name and an address.
“We’re working to try to take that back.”
“By taxing the consumers more? FO a$$hole/”
But tell us, Sheldon, about the immense and obscene amounts of money that you Commie Rats have “gouged” from the grasp of the citizens. Mr. Whitehouse, you are a liar and a thief!!!!!
“I tell ya, Democrats are just clueless!”
No. They are not. They are smart and ruthless. They can tax Corporations with less pushback than taxing people. Then the Corporations just charge more for their products.
WHY are gas and oil industry corporations earning so much?
Short answer, because prices are so high.
Next question, why are prices so high?
Because of an artificial scarcity created by overregulation and restrictions imposed on these gas and oil industry corporations, what they would be spending on expansion of exploration and extraction is stopped, and the cash flow just keeps on piling up. Believe me, the corporate entities involved would much rather be out there spending that money on the exploration and extraction, but they are denied the right to carry out those activities. Capitalism brought to a screeching halt, and essentially, the corporate entities are liquidating themselves.
And just why are these corporate entities being subjected to these regulations and restrictions?
There is no LOGICAL explanation, but some wrong-headed notion that forcing up the price of hydrocarbon fuels will force the adoption of the use of electrical energy to carry out ALL the functions of industrial and consumer power consumption is somehow more “efficient” and “cleaner”.
Turns out, that there is simply not enough electrical power available with current technology to go “all electric”. Yet “The Powers That Be” have chosen to demand that only “green” sources will be allowed, and hydrocarbon fuels are not sufficiently “green” to satisfy that narrow definition. Nor is nuclear power, or even many hydroelectric generation facilities, for which the dams that provide that power are being blown up, to let the rivers “run free”.
In their eyes, only wind-driven or solar-driven power generation is acceptable, but both are notoriously expensive to set up, and highly unreliable, either delivering far below their rated capacity, or nothing at all, depending on the wind speed and the presence of sunshine. Therefore, power must be rationed or denied altogether to wide segments of the nation, and the level of civilization cannot be maintained, resulting in purely artificial scarcities, even famine, and unlivable conditions for much of the population.
The probable outcome? A major die-back of the present level of population, and the total breakdown of almost all commerce and economic activity above the level of barter. Crime goes unpunished, and civilized behavior disappears altogether.
Is this the future we want?
Getten about that time for a general strike. The makers need to cut off the takers for a few weeks..
Should we fwd this article to them?
https://freerepublic.com/focus/f-news/4129008/posts
Fookin’ idjits! Hey CONgress...🖕
These people are not so stupid as to not understand markets. They just want to 1) raise taxes 2) demagogue 3) regulate more and 4) deflect blame caused by their bad policies.
If they want lower energy costs, drill more. Create more competition. If it costs the energy companies $30 a barrel, and the market price is $35 a barrel, there will be no huge profit windfalls. If it costs $30 a barrel, and the price is $100 a barrel, they will make a lot more. So how do you lower prices and eliminate the profit windfalls? More competition. Drill more. I feel stupid even explaining that here.
No,they’re depraved.They’d be much less dangerous if they were simply clueless.
Just ask Jimmy Carter how that windfall profits tax thing worked out last time.
They talk about taxing an industry that produces a vital resource that is indispensable for powering every part of our society, but you will never hear them talk about taxing the obscene profits made by Google, Microsoft, Apple, which dwarf the profits of oil and gas companies over time.
They have twin goals of killing supply (by making it unprofitable to drill and produce) while killing demand (by making hydrocarbon fuels prohibitively expensive to consumers). The end game is to control our energy resources and thus our economic freedom.
How about politicians return their immense profits from holding office?
They end up being multi-millionaires, though their salaries do not pay so much?
Why is that?
🤔
They say keep your friends close and your Glock closer.
Or something like that.
Why are good people getting increasingly angry?
Reparations
Climate change taxes
Money for tens of millions of illegals’ entitlements including housing.
Make up for losses in student loan forgiveness.
More cost for energy due to loss of fossil fuels.
Switch to costly electric vehicles’ need for electricity.
Continuing inflation even for basics such as eggs.
What about the immense profits SloJo made by selling our strategic reserve oil to the Chicoms?
"Last week, a group of Democratic lawmakers [...]"
FR: Never Accept the Premise of Your Opponent’s Argument
So-called global warming taxes are actually only as close as however long it takes for untrusted elite Democrats to successfully petition the states for a global warming amendment to the Constitution that gives the corrupt feds the specific power to tax for government-manufactured crisis global warming for taxes in the first place.
"Congress is not empowered to tax for those purposes which are within the exclusive province of the States." —Justice John Marshall, Gibbons v. Ogden, 1824.
"From the accepted doctrine that the United States is a government of delegated powers, it follows that those not expressly granted, or reasonably to be implied from such as are conferred, are reserved to the states, or to the people. To forestall any suggestion to the contrary, the Tenth Amendment was adopted. The same proposition, otherwise stated, is that powers not granted are prohibited [emphasis added]." —United States v. Butler, 1936.
And speaking of amending the Constitution...
The inevitable remedy for ongoing, corrupt post-17th Amendment ratification political party treason (imo)...
All MAGA patriots need to wake up their RINO federal and state lawmakers by making the following clear to them.
If they don’t publicly support either a resolution, or a Constitutional Convention, to effectively "secede" ALL the states from the unconstitutionally big federal government by amending the Constitution to repeal the 16th (direct taxes) and 17th (popular voting for federal senators) Amendments (16&17A), doing so before the primary elections in 2024, that YOU will primary them.
If the proposed amendment was limited strictly to repealing 16&17A, relatively little or ideally no discussion would be needed before ratification of the amendment imo.
With 16&17A out of the way, my hope is that Trump 47 becomes the FIRST president of a truly constitutionally limited power federal government.
In the meanwhile, I'm not holding my breath for significant MAGA legislation to appear in the first 100 days of new term for what may still prove to be another RINO-controlled House.
Trump will hopefully do another round of primarying RINOs for 2024 elections.
“. . . but you will never hear them talk about taxing the obscene profits made by Google, Microsoft, Apple, which dwarf the profits of oil and gas companies over time.”
_______________________________________________________________
Didn’t the crooks and suits on Wall Street and the banking (so-called) industry make HUGE windfalls on their hustling and “too big to fail” nonsense? Big Pharma has done well because of the panicdemic. Housing developers, real estate agencies and a whole class of homeowners and speculators on both coasts have made obscene “windfalls” due to government programs and odd chance economics.
Yet, it is those of us in the “fly-over states with hardworking drillers, geologists, and pipeline workers that are supposed to work for free - so other folks can get by easier. But, we can’t afford new pickups, vacations, new McMansions, or elite college educations for our kids. Forget that.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.