And use them to fund some gov't pet project.
From her Question on the main page - "Hillary Clinton is planning to use excess oil company profits to invest in alternative energy."
With any good business that is to be profitable and successful, any increase in opperational costs is passed on to the consumer as an increase in price. It's a "Business", not a "Charity". If they add more taxes to the oil industry, it will simply trickle back down to the consumers and the American taxpayer will be funding the "Alternative Energy Investments".
"We will make it absolutely clear" that oil companies who simply boost gas-pump prices to offset the tax will be prosecuted, State Administration Secretary Mike Morgan told legislators who opened their review of Doyle's 2007-'09 budget."
Will all this legislation forces them to stop selling to us?
If it were me I would simply take my business elsewhere... it's a bad policy and as unconstitutional as eminent domain.
2007-03-21 07:27:04 · 12 answers · asked by John Boy 4 in Politics & Government ➔ Law & Ethics
I don't see many lib responses on here. I'm guessing this is nearly as bad as when Kerry called the military retarded.
They got to all kinds of trouble to hide their true intentions and feelings. She just shouts it right out there. "I want to take a private corporations excessive profits." You and I know this is what libs want to do, but they go to extreme lengths to hide this from the average person.
Personally I say Thank you Hillary for having the audacity to reveal yourself for what you are.
2007-03-21 08:42:09 · answer #1 · answered by archangel72901 4 · 2⤊ 1⤋
If it were easily black and white, it would easy to just label someone a communist or what not. If the oil companies, like many mega corporations were totally a free market business, then yes, taking their profits would amount to theft. However, when these monolithic organizations lobby to get subsidies, tax write offs, and other government welfare, then they have by choice made themselves a public entity. When they want R&D money that doesn't effect the stock holders, they beg for MY money in the form of subsidies and making me take up their slack for their lack of fair tax share, but when they post record profits, they are suddenly as free market as a mom & pop corner store. I'm all for them keeping their profits and us weening them from the public teat at the same time.
2007-03-21 07:41:03 · answer #2 · answered by RevJim 3 · 1⤊ 2⤋
I agree with you completely....yet eminent domain is still practiced here. I'm a shareholder of many of these "big oil" companies. Anyone know a good lawyer?
2007-03-21 07:39:34 · answer #3 · answered by Michael E 5 · 2⤊ 1⤋
No business is allowed to price gouge... The oil companies have been doing that for a few years now.
And, do you really think they would stop selling oil and gasoline to the biggest market in the world?
HA!
2007-03-21 08:37:32 · answer #4 · answered by Anonymous · 0⤊ 3⤋
Because she is two things.
1. A Clinton
2. A Democrat.
2007-03-21 07:35:23 · answer #5 · answered by dude0795 4 · 4⤊ 1⤋
You will get alot of idiots on here who agree that the "excess profits" should be confiscated.
You have now seen one of the MANY reasons I would NEVER vote for her.
2007-03-21 07:33:09 · answer #6 · answered by Time to Shrug, Atlas 6 · 4⤊ 1⤋
Because she has read the Constitution.
Which says in Article I Section 8 that Congress can levy taxes and regulate commerce. That's why Congress can do that.
2007-03-21 08:12:37 · answer #7 · answered by coragryph 7 · 0⤊ 3⤋
I am not into politics very much.. but my view is that she was very jealous of bill when he was screwing our country over now she wants her turn.
2007-03-22 04:56:05 · answer #8 · answered by Carla R 4 · 1⤊ 0⤋
My other account (level 6) got suspended yesterday because I asked her that very question.
2007-03-21 07:34:28 · answer #9 · answered by Anonymous · 4⤊ 1⤋
it is not theft and it's not really excessive profits. study up on the issue,i doubt you would believe anyone here. looks like we should have listened to Ford and Carter.
2007-03-21 07:36:25 · answer #10 · answered by here to help 7 · 0⤊ 3⤋