Have you ever heard of something so ridiculous?
Just because a company has some good fortune the gov't has a right to step in and steal? LOL
2007-03-26 06:59:50 · 6 answers · asked by Anonymous in Politics & Government ➔ Politics
It won't hold up in court. We have a little thing called ex post facto here.
2007-03-26 07:03:04 · answer #1 · answered by Ricky T 6 · 3⤊ 0⤋
Probably given that they discovered that even now, the federal government will get a better percent of oil earnings than the oil firms do. Oil firms maintain approximately 7% of whole earnings that they earn via exploring, extracting, refining, and supplying a product to the humans - the federal government will get greater than two times as so much of the earnings from oil earnings for doing not anything. Taxing the oil firms diminished their incentives for acting importance founded routine like extra exploration, constructing of refineries, extraction and supply, which will handiest harm provide much more. It could handiest aggravate an already unhealthy main issue. Besides, oil firms do not pay taxes, they push them directly to the patron. This coverage could RAISE charges, now not push them down. Bottom line, providence benefit taxes punish good fortune. It is constantly a foul coverage and is much more so now. The humans pushing this laws obviously have an overly constrained know-how of the fiscal influence it could have.
2016-09-05 16:42:47 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Socialist Liberals at work....Most of them have had some big financial wins, how about we tax their money and spread it around...Like when Clinton gets 700k for a speaking engagement..or a book advance..or Hillary's Campaing Chest that is bigger than her own chest
2007-03-26 07:05:07 · answer #3 · answered by Anonymous · 2⤊ 1⤋
How about we stop paying them subsidies? They can save their OWN money to bail them out when the market is down.
Thumbs down? OK, so I guess we just hand everything over to oil companies then.
2007-03-26 07:13:03 · answer #4 · answered by hichefheidi 6 · 1⤊ 1⤋
I believe this is how Chairman Hill plans to finance her national healthcare plan.
2007-03-26 07:06:00 · answer #5 · answered by Anonymous · 2⤊ 0⤋
No regulation on gouging?
2007-03-26 07:06:24 · answer #6 · answered by jeb black 5 · 1⤊ 0⤋