Thread: Windfall Profits Tax on Oil

OK both Democrat candidates stated over the weekend that they would put in place a windfall profits tax on oil because they are big and nasty and we need to stick it to them.

They both plan to set a "threshold" above which the profits will be taxed away.

So let's be daring all of you who support this.

What profit level should the oil companies be allowed to make? If you support this then state the number.

What profit margin should they be allowed? What's the max before Obama and Hillary should take it away?

What earnings per share as a percent should Obama and Hillary limit it to in order to get your vote?

And then answer this, when you look at your 401k or IRA funds, what percent return do they have to maintain before you sell them as losers?

How high does the return have to get before you say "that's it, this one is making too much and must be ripping off the consumer so I'm selling out"?

Originally Posted by Stinger

OK both Democrat candidates stated over the weekend that they would put in place a windfall profits tax on oil because they are big and nasty and we need to stick it to them.

They both plan to set a "threshold" above which the profits will be taxed away.

So let's be daring all of you who support this.

What profit level should the oil companies be allowed to make? If you support this then state the number.

What profit margin should they be allowed? What's the max before Obama and Hillary should take it away?

What earnings per share as a percent should Obama and Hillary limit it to in order to get your vote?

And then answer this, when you look at your 401k or IRA funds, what percent return do they have to maintain before you sell them as losers?

How high does the return have to get before you say "that's it, this one is making too much and must be ripping off the consumer so I'm selling out"?

Care to show us all where Obama said anything like that because I am unable to find anything along those lines.

obama oil profits - Google News

If you want to pay even more for gas it's a great idea!

Originally Posted by Libre

If you want to pay even more for gas it's a great idea!

Big Yup!! Tax is a four letter word to corporations too. They will simply pass the "tax" on to us to pay. They have us over a barrel.
opcorn:

Originally Posted by Libre

If you want to pay even more for gas it's a great idea!

So you oppose the idea.

Originally Posted by democraticus

Big Yup!! Tax is a four letter word to corporations too. They will simply pass the "tax" on to us to pay. They have us over a barrel.
opcorn:

Won't be able to under Hillary's plan, the government will just take the "excess" profit.

So what profit margin should they be allowed to make if you support such a plan. What should her threshold be?

Originally Posted by Stinger

So you oppose the idea.

I think the idea stinks myself.

Corollary Question:

If you choose to state a maximum profit margin for oil companies, please state if you believe such a limit should be applied across the board to all companies selling products to the consumer, and why or why not.

Example:

Some dipstick believes "Big Oil" profit margin should be limited to 5%. Argue that it shouldn't also be applied to Your Corner Store, Your Friendly Farmer, Your Favorite Mall, Your Indy Gas Station, Your Employer.

Raising taxes to corporations do nothing but raise prices for consumers. Consumers always lose. When will people ever learn that this is just talk to get elected.

Percentage goes hand in hand the equivalent monetary amount . 10% of 1 mill is different than 10% of 1 bill. I think more people are in shock when they see what the 10% equates to in dollars which is probably why they see it as profiteering.