I submit to you that there is nothing more ridiculous -- nothing that can be conceived that is more patently ludicrous than subsidies for oil companies right now. I challenge anyone to come up with something more preposterous.
The imagination strains even to come up with something that is in the ball park.
How about a $10 billion grant to Harpo Productions for struggling Oprah Winfrey? A donation of the entire State of Rhode Island to Donald Trump -- a man hurting for real estate?
I know -- how about some competitive protection for Microsoft and Wal-Mart?
2007-01-22 07:36:34 · 17 answers · asked by Murphy 3 in Politics & Government ➔ Other - Politics & Government
The incredible element is that these people who receive the stiff shaft are on here begging for more. It's just incredible. Bravo to the conservative leaders. What a coup! Loyal masochists abound in this country, it seems.
2007-01-22 07:46:04 · update #1
So, let me see if I've got this straight -- federal subsidies take the risk out of wildcat speculation. That's mighty kind of us. I always thought there should be a risk-return tradeoff. Man, that's great. High return and no risk, courtesy of the powerless lemming public. Sweeeeeeet!
2007-01-22 08:14:53 · update #2
The tax credits were for activities we want to encourage - exploration, research, etc.
One could argue whether the tax incentives are necessary, but they are not wrongheaded on their face.
Oil company profit margins are comparable to, or lower than, those of other industries - which also receive tax credits.
Reducing or rescinding the credits could result in less exploration, drilling, etc., meaning the supply of oil would fall and the price rise correspondingly if the companies did less of it.
Or, capital (including the investments of pension funds, which are the main source of many average Americans' retirement accounts) may well leave that industry and move into others.
Again, tax credits are not wrong on their face - look at what behavior they are encouraging. Is the behavior good or bad?
2007-01-22 07:50:24 · answer #1 · answered by American citizen and taxpayer 7 · 1⤊ 0⤋
34 billion dollars a year to Germany to be able to keep our NATO troops there and protect them.Since when does the protector pay the one being protected? Seems odd to me. Paying farmers to NOT grow any crops. Odd as well. Microsoft lobbying for more H1-B visas so they can import tech workers into America when our own tech people are having difficulty finding jobs. Beyond odd....it's just more of the same everywhere one looks. Special interests at work.
2007-01-22 07:42:23 · answer #2 · answered by Rich B 5 · 1⤊ 0⤋
National Health Care
2007-01-22 07:48:32 · answer #3 · answered by fwblackeagles 2 · 2⤊ 0⤋
If he(bushwhacked jr.) is a conflict criminal ! why isn't he in penal complicated ? (he's ABOVE THE regulation no one IN u.s. HAS THE BALLS TO ARREST HIM OR HIS acquaintances ) the concept oil organizations do deserve subsidies and tax smash is secure by technique of THE REPUBLICAN party ! Did you spot them on the recent per week in the past ,the republicans were mad as hell on the idea of those 43billion money contained in the first quarter of 2011 no longer getting their subsidies and tax breaks !wealthy human beings have rights and the republican party has been paid to work out that those rights aren't any further messed with by technique of democrats or the undesirable or operating type individuals !
2016-12-02 21:55:04 · answer #4 · answered by ? 4 · 0⤊ 0⤋
I suppose you will be the biggest whiner when the price at the pumps goes up. The reason for the subsidies is because the oil market fluctuates often and we cannot afford to be without oil.
I believe the best case scenario would be to stop subsidies on everything corporate or personal but I do see that coming.
2007-01-22 07:42:13 · answer #5 · answered by Anonymous · 1⤊ 1⤋
Farm subsidies - NDEILY, you must be an easterner yuppie with a 9-5 desk job and driving either an SUV or a foreign car - or both. Get real. Oil market fluctuates. Subsidies ARE ridiculous.
2007-01-22 13:53:10 · answer #6 · answered by JReid 1 · 0⤊ 1⤋
Welfare.... funding for 'artists'.... similar liberal programs are ALL worse
Subsidizing oil companies keeps out gas prices lower than what we see in places such as Europe... you want $5 a gallon gas, have your libbie-Dems try and cut those subsidies
2007-01-22 07:41:44 · answer #7 · answered by DiamondDave 5 · 1⤊ 1⤋
You're definitely NOT a tax lawyer or CPA, are you?!? :-))
The Tax Code is crammed FULL of nonsense; your "question" is more about you and how you FEEL about the Evil Oil Companies, isn't it?
2007-01-22 07:41:39 · answer #8 · answered by Anonymous · 1⤊ 0⤋
Farm subsidies that actually pay farmers not to grow thier crops. And yes, we actually do have those.
2007-01-22 07:44:35 · answer #9 · answered by zzzzzzzzzzzzzzzzzz 4 · 1⤊ 0⤋
Paying atheletes $20 million/year each.
2007-01-22 07:43:46 · answer #10 · answered by Spearfish 5 · 1⤊ 0⤋