Re: Motivation for the Oil Barons

On Sat, 17 May 2008 10:19:56 -0700, HarryNadds wrote:

> On May 16, 10:48 pm, The Trucker <mik...@[EMAIL PROTECTED]
> wrote:
>> In a tread entitled "BEFORE Trying To Simply Hike the Fuel Tax . .
."Day Brown <daybr...@[EMAIL PROTECTED]
> wrote:
>>
>> ******************
>> Now, in this case, I dont blame the oil outfits for not looking for new
>> sources of alternative energy. They know how to make money off oil, and
>> are not keen on some new technology to compete with it. Very well. Tax
>> the bastards to motivate them. Profits are positive re-inforcement,
>> taxes are negative re-inforcement. They both work.
>> **********************
>>
>> The Taxation of oil company profits is in fact a tax on rent that will
not
>> be passed to consumers.  If the oil companies could get higher prices
they
>> would already be doing it.  And so long as the proceeds of the tax are
>> disbursed to the general public it won't make any difference anyway. So
a
>> 100% surtax on oil company profits in excess of X simply redistributed
as
>> a quarterly "stimulus" in the same form as the present "stimulus" will
do
>> very nicely. As oil prices increase driving profits above X then the
oil
>> companies get the wrench. That is some serious motivation to help in
the
>> effort to reduce the prices.
>>
>> As the definition of X can become quite complicated, it is better to
>> simply apply a lower tax rate to the entire profit. Say 50% so long as
>> oil prices remain above $80 per barrel.
>>
>> --
>> "I know no safe depository of the ultimate powers
>> of society but the people themselves; and
>> if we think them not enlightened enough to
>> exercise their control with a wholesome
>> discretion, the remedy is not to take it from
>> them, but to inform their discretion by
>> education." - Thomas Jeffersonhttp://GreaterVoice.org/extend
> 
> You sit on your fungus covered white ass tapping away on the library
> PC thinking you've cut a fat hog in the ass. Truth is, you ****ing
> idiots are going to do the same thing as Carter. The oil companies
> will stop exploring, drilling and producing if Piglosi and "ears" are
> gonna just punish them. Look for gasoline shortages, rationing, long
> lines at the stations and best of all hundreds of thousands of oil
> related jobs being lost. Sit there and cackle now because you think
> the oil ompanies are about to take a beating but you may be laughing
> out the other side of your toothless, drooling mouth this time next
> year. Idiot.

Nothing like a good rational and reasoned discourse to start the morning.

-- 
"I know no safe depository of the ultimate powers
of society but the people themselves; and
if we think them not enlightened enough to
exercise their control with a wholesome
discretion, the remedy is not to take it from
them, but to inform their discretion by
education." - Thomas Jefferson
http://GreaterVoice.org/extend