So Obama's answer to high fuel prices is to TAX the oil companies???

[WickedLou9]

Originally Posted by kombayn

Lou, he is right. The Oil companies will just pass it to the consumer, why wouldn't they? We're talking about business men here, not social activists that want peace and love for the world. We're talking about men who are in the business of making money, you cut into their money, they get it back by raising prices. Which we'll all suffer for.

Exactly my point. Since they are businessmen they know that raising prices will result in ever decreasing demand and an even more fervent push to get away from oil.. thier chief product. Why would they want to price themselves right out of the market? They would be ensuring thier own demise.

[motivez]

Originally Posted by Ardentfrost

Can't we get our money back by no longer subsidizing them? That would also introduce competition by allowing other companies the ability to hop in on a level playing field.

BRILLIANT!

No, we can't get our money back by no longer subsidizing them. We'd have more of it moving forward, but we wouldn't be able to take back what we had already given.

These companies are profitable, I have 0 problem with taxing their profits in the amount of exactly what we put gave them in the first place.

[thewise1]

Originally Posted by WickedLou9

Exactly my point. Since they are businessmen they know that raising prices will result in ever decreasing demand and an even more fervent push to get away from oil.. thier chief product. Why would they want to price themselves right out of the market? They would be ensuring thier own demise.

Wait, how are raising prices decreasing demand? We have to go to work.

[Thorgrim]

Originally Posted by TankRizzo

Do you think before you type? You're comparing shirts to FUEL/OIL. Again with the child-like understanding and analogies. The entire world's shirt supply doesn't hinge on market speculation and OPEC; nor does the price of shirts immediately effect EVERY product that hits store shelves.

Thanks for making my point, the windfall taxes would have nothing to do with the international oil market...it does not go up based on what the US taxes Texaco's profits

[Thorgrim]

Originally Posted by Ardentfrost

Can't we get our money back by no longer subsidizing them? That would also introduce competition by allowing other companies the ability to hop in on a level playing field.

BRILLIANT!

End Corporate Welfare...haha...the Republican party would never allow it

[Thorgrim]

Originally Posted by thewise1

Wait, how are raising prices decreasing demand? We have to go to work.

We could build a vast network of trains and subways, more extensive than before...doing so would create jobs, thus stimulating the economy when they spend their money, and also allow for a huge input of alternative energy as trains/subways will run on anything that is electrically provided to them

For more high tech jobs, we could start an even bigger network of solar and wind power throughout the country...think how many miles and miles of endless desert we have in this country without solar power plants?

[TankRizzo]

Originally Posted by Thorgrim

Thanks for making my point, the windfall taxes would have nothing to do with the international oil market...it does not go up based on what the US taxes Texaco's profits

[Ardentfrost]

Originally Posted by Thorgrim

End Corporate Welfare...haha...the Republican party would never allow it

We're about to have democrats in office, so let's get it done!

[Thorgrim]

Originally Posted by Ardentfrost

We're about to have democrats in office, so let's get it done!

if we got a filibuster proof senate, there we go just need to pick up 9 senate seats

[TankRizzo]

Originally Posted by Thorgrim

if we got a filibuster proof senate, there we go just need to pick up 9 senate seats

We'll tax ourselves into prosperity, it'll be grand!

[Thorgrim]

Originally Posted by TankRizzo

We'll tax ourselves into prosperity, it'll be grand!

Our highest marginal tax rate (aka the rich paid 90%+ over anything they made over $200,000) made it so some rich hard-working american who made $300,000 a year...of that last $100,000 they made...they got less than $10,000 back after the federal government had it's way...let alone state/local taxes!

When was this awful terrible period of roughly 90% income tax take place?

1942-1964...when the US economy doubled, and then we had a huge peace-time expansion of the economy....we usually refer to that as the high golden days of the greatest generation

Who would ever want to go back those economic conditions!

[Stylerod]

Originally Posted by TankRizzo

BRILLIANT!


Candidates clash on gas-tax holiday - CNN.com




OK, so the poor get help and the burden of making up the difference in oil profits will be strapped to the backs of working people. Wonderful.

Democrats answer to everything is raising taxes. It's a way to punish the successful to make the not so successful feel better. Hell, Democrats want to put a higher gas tax on Hybrids because they don't use as much gas!

[Thorgrim]

Funny how the successful are overwhelmingly donating to Obama and Hillary, the DSCC, the DCCC and are giving crap to McCain/NRSC/NRCC

If this were the market place, Democrats would be winning by leaps and bounds...

Conservatives are the "New Coke"

[WickedLou9]

Originally Posted by thewise1

Wait, how are raising prices decreasing demand? We have to go to work.

demand is not fixed. It's partially elastic. When people buy new cars, instead of buying another Explorer, they will buy a civic. Just for example. if the price stays high, it will really encourage research into alternative fuels which, as they are developed, will further decrease demand for oil. it won't happen right away, but if they raise prices too high, people will start to wean them selves off of oil.

[IminWonderland]

Originally Posted by motivez

We already subsidize the oil industry, what's the problem with getting our investment back through windfall profit tax?

How about instead of windfall taxes, we just stop subsidizing them.

Wouldn't that be more money for us?

They don't seem to need help making profits...

[Stylerod]

Originally Posted by IminWonderland

How about instead of windfall taxes, we just stop subsidizing them.

Wouldn't that be more money for us?

They don't seem to need help making profits...

Exactly.

[Ardentfrost]

Originally Posted by IminWonderland

How about instead of windfall taxes, we just stop subsidizing them.

Wouldn't that be more money for us?

They don't seem to need help making profits...

BRILLIANT!

I even already said "brilliant" to that idea...

Originally Posted by Ardentfrost

Can't we get our money back by no longer subsidizing them? That would also introduce competition by allowing other companies the ability to hop in on a level playing field.

BRILLIANT!

See?

[IminWonderland]

Originally Posted by Ardentfrost

BRILLIANT!

I even already said "brilliant" to that idea...





See?

I did see it after I posted it!



Great minds thinking alike.....



I hate this corporate welfare. It's complete crap. I would rather my tax dollars go to REALLY poor people, than corporations that have lower profit margins.

I hate it when that invisible hand I keep hearing about, that is supposed to make the market a rose garden is only helpful when it's for deregulation.

[Ardentfrost]

Originally Posted by IminWonderland

I did see it after I posted it!



Great minds thinking alike.....



I hate this corporate welfare. It's complete crap. I would rather my tax dollars go to REALLY poor people, than corporations that have lower profit margins.

I hate it when that invisible hand I keep hearing about, that is supposed to make the market a rose garden is only helpful when it's for deregulation.

Corporate welfare decreases competition JUST as much as regulations. I'm against both, of course.