COL Gene COL Gene

Time for Excess Profits Tax on Big Oil!

Time for Excess Profits Tax on Big Oil!



The price of gas is not something that can be ignored. The explanation from Big Oil is just not acceptable. They claim the spring maintenance is the reason for the highest gas prices ever in this Country. At the same time oil company profits continue to set new records.

With the obscene profits oil companies have received they have not built ANY new refineries in 20 years to deal with the supply issue they claim is why prices are high. It is time to simply tax away the increasing profits and use that tax revenue to build refineries, seek alternate energy and begin forcing solutions that BIG OIL will not resolve. All they want is to pay huge salaries to their top executives and make the stockholders happy while destroying every person and business in this country. The increase in gas prices is FAR worse then any tax increase because it is harms ALL Americans and ALL American Business. For any of the conservatives that wail against tax increases, it is time to stop the rape by Big Oil!
41,670 views 171 replies
Reply #101 Top
“you can't raise taxes on the rich without affecting the poor”

That is simply NOT true. The PROOF is the 1990's what the tax rates on the wealthy were higher there was NO ADVERSE impact on the POOR! Before Reagan tax rates on the wealth were MUCH higher then even in the 1990's and the POOR were no worse off then today as their wages remain stagnant and everything they need to live is increasing in cost. In addition they got NO benefit from that tax cuts in 1981 under Reagan or in 2001-2003 under Bush!

It is the responsibility of government to protect our citizens and the actions of Big Oil are harming every American!
Reply #102 Top
your absolutly right no one pays taxes not the rich and not their customers they just appear out of no where


you see i can tell that you have lied about owning businesses

and i gave you a link the last time government under carter tried to put caps on big oil that did hurt the people so you want to repeat history.

Reply #103 Top
the second part of the statement you chopped...


I didn't chop any statement.

since you work in the industry and are an obvious apologist for it.


I am no apologist for it. If I started attacking the Big Mac you'd be right here to defend it because you wouldn't want your source of income to dry up. Right?

I don't really care about the rest of the industry. I care about my little piece. The one that puts food on my table and a roof over my head. Our company has been around since the 60's. We made it through the 80's bust and we will make it through again and again.

We know what the rule is pass the cost on down the line. Big oil will do the same. Tax them and pay more at the pump to cover that tax. That's just what will happen so don't stand there with that dumb look on your face when it does.
Reply #104 Top
“and I gave you a link the last time government under carter tried to put caps on big oil that did hurt the people so you want to repeat history.”

We have NOT tried an Excess Profits Tax to help develop alternate energy. Doing NOTHING is harming EVERY person and Business in this country!
Reply #105 Top
We have NOT tried an Excess Profits Tax to help develop alternate energy. Doing NOTHING is harming EVERY person and Business in this country!


Oh please, stop being so dramatic.  You could care less about developiong alternative energy, you just want to tax "big oil" because it's part of the far lefts hate-filled obsessions. 


Reply #106 Top
I didn't chop any statement.


this is the statement i made...

the industry cries that they need looser regulation to build refineries. they are simply "holding out for a better deal while the american people are held hostage.

you chopped it down to this...

they are simply "holding out for a better deal"

pretty damn clear as far as i can tell.

I am no apologist for it. If I started attacking the Big Mac you'd be right here to defend it because you wouldn't want your source of income to dry up. Right?


son, i do quite a bit better than that. but thank you for exposing yourself here.

I care about my little piece


that's not news.


Reply #107 Top
son, i do quite a bit better than that. but thank you for exposing yourself here.


  I thought it was kinda funny. As for the vague reference to exposing myself, I admit it ... I worked for MickeyD's when I was 15 and 16. Oh, you got me.  

that's not news.


You can't honestly say that you care more about the greater good than your own self preservation. If that were actually true you'd be handing over your entire check to the government.

If there was a situation where the only outcome was me or you, there is no way you'd stand around waiting for someone to rush in with a way for both of us to walk away. You'd drop the hammer. So would I.
Reply #108 Top
You can't honestly say that you care more about the greater good than your own self preservation. If that were actually true you'd be handing over your entire check to the government.


don't tell me how i think or what i would or have done.


If there was a situation where the only outcome was me or you, there is no way you'd stand around waiting for someone to rush in with a way for both of us to walk away. You'd drop the hammer. So would I.



again, you don't know that. you can certainly speak for yourself, as you have. i've sacrificed plenty in my life for the good of others. now, a "life or death" emergency might produce more survivalist results. but this is hardly that. this is just pure greed. equating a desire to get rich with a life and death situation is a really poor comparison.

but don't let me stop ya from grasping at those elusive straws.
Reply #109 Top
Reply By: Island Dog Posted: Tuesday, May 22, 2007
We have NOT tried an Excess Profits Tax to help develop alternate energy. Doing NOTHING is harming EVERY person and Business in this country!


Oh please, stop being so dramatic. You could care less about developing alternative energy, you just want to tax "big oil" because it's part of the far lefts hate-filled obsessions.

YOU are full of BS. I want us to END our dependence on foreign oil and this would help pay for that conversion with profits the OIL companies do not deserve!
Reply #110 Top
YOU are full of BS. I want us to END our dependence on foreign oil and this would help pay for that conversion with profits the OIL companies do not deserve!


LMAO!

A tax on profits will not lessen our depence on foreign oil one bit and you know it.  I love how you decide who deserves what....I bet Castro and Chavez would be so proud of you.


Reply #111 Top
"A tax on profits will not lessen our dependence on foreign oil one bit and you know it."

If that tax revenue from an Excess Profits Tax on Big Oil were used to build solar, wind and Bio Fuel plants it would do just that.
Reply #112 Top
I want us to END our dependence on foreign oil


you want to end our dependence on foreign oil then tell the democrats and tree huggers to stop not letting us use our own

with profits the OIL companies do not deserve!


i have asked this before who are you to decide who deserves what. oh that's right your a dictator

If that tax revenue from an Excess Profits Tax on Big Oil were used to build solar, wind and Bio Fuel plants it would do just that.


this energy sources are only good in areas and then their not that good

Reply #113 Top
If that tax revenue from an Excess Profits Tax on Big Oil were used to build solar, wind and Bio Fuel plants it would do just that.


And you know that would never happen.  There is just too much bureaucracy.  As usual you are just looking for an excuse to raise taxes.


Reply #114 Top
And you know that would never happen. There is just too much bureaucracy. As usual you are just looking for an excuse to raise taxes.

The law that creates the Excess Profits tax could mandate that money be used ONLY to provide Wind, Solar or Bio Fuel facilities. Under the current policies we have the WORST of everything. We all pay more for Gas, We do not move toward energy independence. The Oil Company get richer and richer and the wealthy pay less tax on that added oil profit thanks to George and the GOP! The poor and middle income pay higher prices for gas so the wealthy can have even MORE money!
Reply #115 Top
The poor and middle income pay higher prices for gas so the wealthy can have even MORE money!


the last time i went to the gas station they didn't ask me if i was poor or middle class before i filled up

so i am assuming that anyone who fills up at these gas stations pay the same price no matter what social class they are in


The law that creates the Excess Profits tax could mandate that money be used ONLY to provide Wind, Solar or Bio Fuel facilities.


you mean just like the law that mandated that all of the social security was to be used only for approved social scurity programs

and then the democrats and republicans started boworring from it to pay for pork

Reply #116 Top
"the last time i went to the gas station they didn't ask me if i was poor or middle class before i filled up "

No they did not. However the higher prices you paid will end up in the pocket of the wealthy who receive the higher dividends because of the HIGHER prices you and all of us paid!!!

you mean just like the law that mandated that all of the social security was to be used only for approved social security programs


All the social security Benefits PAID were paid as the law states. What you are talking about is the Surplus that HAS NOT been paid to retirees. That is what the Fed spent and has issued Treasury Bonds that will have to be repaid when Social Security needs the money! The law could require that this Excess Profits tax be spent ONLY on new energy sources that we control. They could also require the equipment and Labor to construct these facilities is American. The path we are on is doing NOTHING except allowing BIG OIL to get Fatter and Fatter and line the pockets of the wealthy who own the VAST MAJORITY of the OIL Company stock!
Reply #117 Top
The poor and middle income pay higher prices for gas so the wealthy can have even MORE money!


Bwahahahahaha!



Reply #118 Top
Reply By: Island Dog Posted: Wednesday, May 23, 2007
The poor and middle income pay higher prices for gas so the wealthy can have even MORE money!


Bwahahahahaha!

Is that your response when you have no answer? Since the top 10% OWN 90% of all securities and the OIL Companies Profits are growing more and more, WHO do you think is benefiting from those higher profits? It is NOT the VAST MAJORITY of us.
Reply #119 Top
Is that your response when you have no answer? Since the top 10% OWN 90% of all securities and the OIL Companies Profits are growing more and more, WHO do you think is benefiting from those higher profits? It is NOT the VAST MAJORITY of us.


There is no answer except that this is ridiculous, and just another excuse to tax people who make more than you do.  Socialism is not your friend col.


Reply #120 Top

"There is no answer except that this is ridiculous, and just another excuse to tax people who make more than you do. Socialism is not your friend col"

If you think the Gas prices are not ridiculous you are NUTS! Prove the added Oil Company Profits are not going into the pockets of the wealthy that own the Oil Stock! This proof I want to see.
Reply #122 Top
Prove the added Oil Company Profits are not going into the pockets of the wealthy that own the Oil Stock!


READ THE STUPID LINK I PROVIDED

that oil company exxion is had a profit of 32 billion dollars.

of that

20 billion is going to find more resources and bring it to market
the stock holders will get about 2 dollars per share

and i think the rest is going to upgrade the refineries so they can produce more gas

Reply #123 Top
If you think the Gas prices are not ridiculous you are NUTS! Prove the added Oil Company Profits are not going into the pockets of the wealthy that own the Oil Stock! This proof I want to see.


What price should gas be col?  Since you think you can control peoples incomes, taxes, and everything else, maybe then you should set the gas prices. 

LOL.  Are you jealous of rich people col?  Because all you do is complain about how much money they make and how you can think up schemes to somehow take it away from them.
Reply #124 Top
Most people are too stupid to understand even basic economics. They think because gas was 80 cents a gallon 15 years ago, it should be now, regardless of the fact of inflation. Those same people would level the price and never change it as the times change, until the industry is runing in the red and fails.

Much like our socialist friends in South America, the Col is simply so intent on his fascistic quest to make the way the world has he wants it to be that he has lost sight of reality. When he starts railing at Microsoft for raising the cost of, well, about everything in our society for selling their OS at an uncontrolled price, then I'll believe he has something other than Bush on his mind.
Reply #125 Top
Posted: Wednesday, May 23, 2007
Most people are too stupid to understand even basic economics. They think because gas was 80 cents a gallon 15 years ago, it should be now, regardless of the fact of inflation.

At $3.20 per gallon average it is higher after inflation then ever. Crude oil would have to be at $100 per barrel to justify the current gas price. It is all the Oil companies controlling the supply that is driving up the price and driving up the Oil company Profits!