>--- In FairfieldLife@yahoogroups.com, Bhairitu <[EMAIL PROTECTED]> wrote:
>
>
>>Here's the Senator Dodd and Senator Dorgan proposal:
>>http://dodd.senate.gov/index.php?q=node/3336
>>
>>
>
>
>
>
>
>
>
>
>No, no, Bhairitu. Don't pawn this off on some newspaper article.
>
>YOU came up with a solution. YOU tell us what YOU think the
>solution should be.
>
>Get out your pencil and paper and start figuring it out and start
>thinking for yourself...
>
>
>
>
Why? These guys are better at it than I. Right now I'm listening to
Ed Schultz on his show talking about a windfall profits tax and he just
had a sound clip of a Republican talking about implementing one. There
are certainly pros and cons. One thing I *will not* except and I
suspect you won't either is some kind of gas rationing like we had back
in the 70's. I bought a fuel efficient car back in the 70's and felt
penalized because of that BS and the 55 mph speed limit (which I ignored
most of the time). As I passed people in their big gas guzzling junkers
they would waved their five fingers twice for "55." We would just smile
and way back or sometime yell at them to get a real car. :)
>
>
>
>
>>shempmcgurk wrote:
>>
>>
>>
>>>--- In FairfieldLife@yahoogroups.com, Bhairitu <noozguru@> wrote:
>>>
>>>
>>>
>>>
>>>>shempmcgurk wrote:
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>>--- In FairfieldLife@yahoogroups.com, Bhairitu <noozguru@>
>>>>>
>>>>>
>wrote:
>
>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>>shempmcgurk wrote:
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>>I love the way people are so angy with the oil companies.
>>>>>>>
>>>>>>>I myself think that the oil companies should embark on a
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>campaign
>>>
>>>
>>>
>>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>of
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>>>purposely gouging consumers.
>>>>>>>
>>>>>>>Let the price go up to $7.00 a gallon! Ha-ha!
>>>>>>>
>>>>>>>It will only be then that people will start to use less and
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>dump
>>>
>>>
>>>
>>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>their
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>>>gas-guzzling SUVs.
>>>>>>>
>>>>>>>And, most importantly, we can get around to developing
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>alternative
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>>>fuels.
>>>>>>>
>>>>>>>Can't do it without the $7.00 a gallon price...
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>I would like to see a windfall profits tax on the oil
>>>>>>
>>>>>>
>companies.
>
>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>Personally, I think a 40% corporate tax rate is windfall
>>>>>enough...FOR THE GOVERNMENT!!!!!
>>>>>
>>>>>Exxon made a profit of $36 billion last year on sales of $328
>>>>>billion. That's about 11 cents profit on each dollar of
>>>>>revenue...hardly a "windfall".
>>>>>
>>>>>So under which circumstances, Bhairitu, would your windfall
>>>>>
>>>>>
>>>>>
>>>>>
>>>profits
>>>
>>>
>>>
>>>
>>>>>tax kick in???
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>When the price of oil is above $40 a barrel. It would be a 50%
>>>>
>>>>
>>>>
>>>>
>>>tax.
>>>
>>>
>>>
>>>
>>>
>>>Okay, you say a "50% tax" once the price of a barrel is above $40.
>>>
>>>Now, this would be a tax on...what?
>>>
>>>Their net profit?
>>>
>>>A 50% excise tax on each barrel of oil that an oil company buys?
>>>
>>>A 50% tax on each gallon sold at the pump?
>>>
>>>Please, a few more details so I can understand your proposal...
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>>There are several proposals and this is one of them.
>>>>
>>>>Exxon probably has some very creative accounting too. :)
>>>>
>>>>
>>>>
>>>>
>>>>
>>>
>>>
>>>
>>>
>>>
>>>To subscribe, send a message to:
>>>[EMAIL PROTECTED]
>>>
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>>>http://groups.yahoo.com/group/FairfieldLife/
>>>and click 'Join This Group!'
>>>Yahoo! Groups Links
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>
>
>
>
>
>
>
>
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