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Windfall profit tax

Discussion in 'Political Zone' started by Viper, Sep 3, 2008.

  1. Viper

    Viper Active Member

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    Windfall profit tax, normally I would be against it. When dealing with big oil, it’s a different story. I’m still a bit reluctant, while I lean towards applying this or other means to control out of hand fuel prices. There is a difference between Apple and Exxon, I don’t need an Ipod, I don’t have to purchase an Ipod. When it comes to oil and gas, I literal cannot survive without some type of fuel source.

    Let me expand just a bit more, oil beneath American soil is a natural resource. That oil doesn’t belong to big oil, it belongs to The Government of the United States, that oil belongs to us. Anyone who purchases land, only owns up to two feet below the surface. All resources below that two feet belong to the Government. What our Government does is lease out or subcontract big oil to develop the fuel or the products we need as a nation.

    Lobbyist for oil and gas companies are very powerful. It does cross party lines, I live in a very prominent democrat district in Indiana. We have one gas company(Nipsco), no one else is allowed to do business in the area. If I want to heat my home, I have to use Nipsco. When a company uses the Government to shut out competition, they should accept the regulations placed upon them.
  2. sacase

    sacase Well-Known Member

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    You realize that the oil comapnies are only making 10% profit? As far as owning the resources. You own what your lease or your deed say. Mining rights are different than property titles, don't confuse the two.
  3. Viper

    Viper Active Member

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    The oil and gas are owned by the Government, mining rights are giving by the Government, that is my point.
  4. sacase

    sacase Well-Known Member

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    when the Government sells those rights, they no longer own them. The government is not in the business of mining. If they were gass prices would be much higher.
  5. yeahyeah

    yeahyeah New Member

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    What do you think about nationalizing the resource?

    Do you have proof? Are they selling at market rate? How big is your community? It may not be large enough to warrant another provider moving in. Fossil fuel infrastructure can be very costly and if your communities size does not warrant it....
  6. yeahyeah

    yeahyeah New Member

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    Gas is 95 cents a gallon in Venezuela.
  7. zrinkill

    zrinkill Diamond surrounded by trash

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    Wow ......
  8. Doomsday101

    Doomsday101 Well-Known Member

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    Yeah I want to be just like Venezuela.:rolleyes: You may like the ideal of turning American into a 3rd world country I don't.
  9. yeahyeah

    yeahyeah New Member

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    Sorry, sorry i quoted the wrong price...it was actually 12 cents.


    He's not exaggerating. Gasoline prices in Venezuela are the cheapest in the world—1/15 the price of a liter of bottled water, and 1/25 the price of a liter of milk. Since 1998, Venezuela has kept the price of gas fixed at 0.097 strong bolivars a liter, or about U.S. 3¢ (lower octane is 0.070 strong bolivars). That means that consumers pay about 12¢ a gallon, or 1/33 of what their U.S. counterparts pay.

    http://www.businessweek.com/bwdaily/dnflash/content/may2008/db20080523_344156.htm
  10. zrinkill

    zrinkill Diamond surrounded by trash

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    I was saying WOW on how someone could want to be a socialist country.
  11. yeahyeah

    yeahyeah New Member

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    Wow..MENSA member by chance?...woooo..i looove this board.
    If you think Ven. is a third world country because of 12 cent a gallon gas prices then you need to do some research.
    HAHAHA!!! who am I kiddin...hahaha!..yeah and find the cure for cancer too...thats more likely than you actually reading before you regurg some conservative drivel on a page.
  12. Viper

    Viper Active Member

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    I’m not for Nationalizing, I am for regulating though.


    The population in the counties that Nipsco controls is approximately 560,000. Com-Ed has complete control of Chicago and it’s surrounding area’s.

    No other industry in the United States can control our economy like oil and gas. We don’t have a shortage problem, you can buy as much as you wish as long as you pay for it. What we do have is a greed problem.
  13. yeahyeah

    yeahyeah New Member

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    So you would rather pay 4.20 than be called a socialist and pay 1.50?
    Hey buddy..they can call me princess honeypot if im saving a grip.
    oh no...thatsright if we socialise anything then we are socialists and that automatically means we will have to paint the white house red, renounce capitolism and human rights.... and wait in long lines for toilet paper.
  14. Viper

    Viper Active Member

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    The government may not be in the business of mining, but the government is in the business of aiding this industry heavily.
  15. JBond

    JBond Well-Known Member

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    When your entire family income is $3 a year, that sounds about right for gas. Remember we are talking about a dictatorship. He can charge whatever he wants for anything.
  16. yeahyeah

    yeahyeah New Member

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    ok man thats cool
    yeah you live there you know whats up. Sucks...
  17. Doomsday101

    Doomsday101 Well-Known Member

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    I think they are a 3rd world country because they are, with a poor infrastructure hell most of their infrastructure could not even live up to the codes and standards we place on ours. You love talking about how cruddy this country is while singing the praises of places like Venezuela? Give me a break you may be ashamed of this country I'm not I'm only ashamed of citizens like you who tend to live a pretty damn good life here but are so spoiled you can't see the good only the bad.
  18. yeahyeah

    yeahyeah New Member

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    :laugh2: ...the justifications are fantastic..i love it.

    He is not a dictator...he has been elected three different times....dictators dont get elected and they especially dont let international observers into view the elections.
  19. JBond

    JBond Well-Known Member

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    Windfall profit tax....wow. Why is everyone ready to increase taxes on companies? Why is it so difficult to understand companies pass all taxes paid to the consumers? Every cent collected by the government is paid by you and me. Income tax, sales tax, property tax, death tax, social security tax, medicare/medicade tax, "corporate tax". All of it comes from us.
  20. Doomsday101

    Doomsday101 Well-Known Member

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    That is the Dem way. Tax the hell out of companies who already pay one of the highest corporate taxes in the world and yet hit them up for more. Then have the nerve to say how they are not going to tax the middle class? Who the hell do they think these added cost of business will pass this cost too?

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