To: Right Wing Assault
As usual the Liberals state, "profits", not "prcentage of profit". The number may be large but what is their profit in terms of percentage?
26 posted on
02/02/2007 11:37:44 AM PST by
JayAr36
To: JayAr36
The however many stockholders in this country aren't going to like this taking away.
I do think the answer to this kind of thing, confiscation of private monies for the state, is fueled by envy. The more who own stock, even 10 shares, the less likely it is to succeed.
I think Hill may not know that stock ownership is at an all time high. Everyone with a SEPIRA or 401K owns stock. Heck, my secretary checks the stock prices!
To: JayAr36
As usual the Liberals state, "profits", not "prcentage of profit". The number may be large but what is their profit in terms of percentage?
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It wasn't that high but that matters not. The market sets profits. The real issue is that Exxon is a public corporation. Anyone can own Exxon. Just take a gamble and buy some. She has absolutely no intention of taking Exxon's profits. What she means is she will Tax Exxon's profits. This, of course doesn't hurt Exxon as much as it hurts Exxon's customers since they will pass the tax on to the consumers of their product. Edwards is now promising to raise taxes. The dems are truly one trick ponies. The problem is that many voters don't pay much tax but get a great deal of services.
284 posted on
02/04/2007 7:58:01 PM PST by
photodawg
(It's not about how hard you can hit. It's about how hard you can get hit ......Rocky Balboa)
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