Both have profited greatly from the war, now is time for them to pay?
2007-08-30 02:33:00 · 9 answers · asked by Anonymous in Politics & Government ➔ Politics
I think you need to go to Russia or China where you will be more comfortable with communism. I think our government needs to stay out of private industry.
2007-08-30 02:35:42 · answer #1 · answered by Anonymous · 2⤊ 0⤋
If we deny the Democrats new spending/ budget proposal and keep the current spending budget, only allowing an increase for inflation, we would reduce the national debt by over 300 billion in the first year. These numbers include the cost of the war. Go figure!
Edit - billyboy64 is right. The gas companies would just reduce production to keep pofits and prices up and pass the tax onto the consumer. This would create shortages and lines at the pumps, like the mid to late 70's.
If anything, we should reduce taxes even more. Bush's tax reduction caused a record increase in spending. The Dems tried to scare people by crying that it would reduce the gov's income and programs could not be funded. In reality, we have had record increase in Federal tax income revenue, all due to the tax reduction and increase in consumer confidense. It's simple economics.
2007-08-30 09:39:14 · answer #2 · answered by Staveros 4 · 0⤊ 0⤋
"Them?" Who's that? Do you even know what a hedge fund is? That's like saying "make the partnerships pay!"
And how exactly have oil companies "profited from the war" - and which oil companies do you mean? Producers, refiners, pipeline companies, marketers, jobbers, retailers? Or do you even know that for the most part these are not the same firms?
2007-08-30 10:10:18 · answer #3 · answered by truthisback 3 · 0⤊ 0⤋
Gas prices aren't high enough for you yet? If you slapped a 75% tax on the oil companies, do you really think they would just pay out of their profits? No, they would pass those expenses on to the consumers.
2007-08-30 09:43:43 · answer #4 · answered by Mutt 7 · 1⤊ 0⤋
Edwards made $14 million on a hedge fund.
AND, the hedge fund has paid him over $1 million in SALARY. Yes, he works for them! (Fortress Investments)
2007-08-30 09:35:07 · answer #5 · answered by Duminos 2 · 1⤊ 1⤋
No, this is forced seizure of assets.
Where were you when oil companies were broke in the 1990s?
Stay out of capitalism and it all works
The way to pay off debts is to stop entitlements
2007-08-30 09:41:31 · answer #6 · answered by GOPneedsarealconservative 4 · 1⤊ 1⤋
i don't know you're buddy Edwards may take offense to loosing some of his hedge fund profits. well i guess he could always just sell the repoed home from the Katrina victims he has for the extra cash.
2007-08-30 09:40:54 · answer #7 · answered by kyfreak4u 2 · 1⤊ 1⤋
Why am I not surprised by a liberal wanting to raise an insane tax on someone else's money?
2007-08-30 09:36:51 · answer #8 · answered by Anonymous · 2⤊ 0⤋
You should have noticed the deficit is actually declining before asking the question.
2007-08-30 09:36:49 · answer #9 · answered by booman17 7 · 2⤊ 2⤋