Posted on 04/29/2008 7:08:59 AM PDT by Born Conservative
WTF! Who gets to decide what constitutes a Reasonable Profit?
Who has Kanjorski endorsed for president? It would be interesting. It looks as though he nothing to run on, if he is advocating a raid on “big oil profits”. I think that by now people are beginning to realize that any time the gov’t tries to “rein in” the oil companies, the only ones that gets hurt are the public.
Ten bucks says that’s not the only thing he doesn’t understand.
Only a fool would take that bet. Someone like the good Congressman... :^D
When over half of America isn't dependendent on that selfsame big government.
IOW, it's already too late.
Probably true.
He's solidly behind the Hildebeast.
The Soviet Politburo in Washington, DC.
We're almost certain to get a Democrat Congress, along with a President who is prepared to -- at least -- go along with them.
That means we're almost certain to get some kind of "windfall profits tax" on the oil companies. And some kind of price-fixing at the pump.
The almost certain result of these machinations is that:
a. We'll get gasoline capped at, say, $2.999
b. And there won't be any.
See Carter Administration ("old oil/new oil").
How often do we need to go through this BS to understand that liberals are only capable of increasing the pie when they're allowed to crap in the plate?
Will homeowners face a windfall tax on whatever this Reasonable Prices Board defines as an excessive real estate profit? Congressman Kanjorski? Anyone? Anyone?
ABSOLUTELY. And, homeowners will face an "imputed income" tax on their home for the amount it would have cost them to rent it. This has already been proposed and was narrowly defeated in the past.
Didn’t Clinton also propose a “one-time” tax on 401K assets?
I'm not sure, but I think that was Dee Revin Jesse Jackass who was given much more media attention for his racist brayings under Clinton than he ever deserved. If Obama gets in he'll make the Clinton years seem like paradise.
When you're a moron and start from a faulty premise, you're going suggest stupid things. Oil companies don't set prices any more than a farmer can set the price for his commodity.
If oil companies could set prices, why did the oil market crash in the mid 1980s and stay a lousy business for 15 years? Why did oil companies lay off enormous amounts of employees, go bankrupt, or merge in order to survive?
Taxing oil companies differentially from the rest of the industry will do nothing to lower the price of gasoline. It will take money away from oil companies which they use to drill new wells.
So, if anything, this new tax would further restrict supply and RAISE prices.
Gawd, I hate congressmen.
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