Windfall Profits Tax on Oil Companies???

[hustler730]

Its a step taken is how i look at it Doug. 1 more step than Bush has taken.

[Prince]

Originally Posted by bluffmanxx

Another note...corporations don't pay taxes...they just pass them along to you and I.

Timmy, do you really think higher taxes will lower the price of oil?? Do you even understand the dynamics of why oil prices have shot up??

And yes, I have lots of ideas on how to lower prices...drilling in the U.S. would help short term, building nuclear power plants and developing alternative energy sources would help in the long run.

That what I don't understand what people don't get. It never hurts the corporations, only the people they claim it will help by raising taxes. The corps always pass on the hike.

You can also include something like Israel bombing an Iranian nuke plant that could cause a rise.

[bluffmanxx]

Originally Posted by hustler730

Its a step taken is how i look at it Doug. 1 more step than Bush has taken.

no step is better than a wrong step.

[spaceboy761]

Politicians are so lost when it comes to economic issues, it's frightening. In my distant grad student days, I could fairly put the question, "Why would a tax increase on oil company profits lead to a rise in gasoline prices?" on a freshman economics exam and expect 29 correct answers from 30 students.

In all fairness, President Bush went to a shitty college and business school and probably never learned this crap to begin with.

[spaceboy761]

It does suck with these gas prices though. It takes like $1500 a week to keep my Envirocrusher with a full tank.

[bluffmanxx]

Originally Posted by spaceboy761

It does suck with these gas prices though. It takes like $1500 a week to keep my Envirocrusher with a full tank.

i thought it ran on owls???

[spaceboy761]

It does! It's up to $6.50 an owl!

[Harsea21]

Originally Posted by bluffmanxx

And yes, I have lots of ideas on how to lower prices...drilling in the U.S. would help short term, building nuclear power plants and developing alternative energy sources would help in the long run.

[Harsea21]

Doug your forgot one option ... Invade Canada and get our oil

[featherlou]

Originally Posted by Harsea21

Doug your forgot one option ... Invade Canada and get our oil

Hey, wait a second - those of us living in the oil patch might have an opinion on that!