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thegman
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Joined: 23 Sep 2002
Posts: 3088
Location: 12 yards out.
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 Posted: 11/10/05 - 00:02 Post subject: Windfall tax on oil companies...
Good idea or bad?
I don't feel sorry for the oil companies.
But I also don't believe that the government should retroactively punish any capitalist enterprise for succeeding too well.
Leave it alone, I say.
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sonnylax
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Joined: 30 Sep 2003
Posts: 2942
Location: Living in a lollipop and unicorn world
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Posted: 11/10/05 - 07:55 Post subject:
Bad idea.
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AlaninTX
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Joined: 14 May 2002
Posts: 6582
Location: Austin, Texas
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Posted: 11/10/05 - 08:20 Post subject:
It didn't work all that well in the 70s and 80s.
However, I think we need to make very, very sure the petrochemical industry stays off of corporate welfare.
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copteacher
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Joined: 08 Jun 2002
Posts: 20588
Location: Teaching in the Halls of Justice
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Posted: 11/10/05 - 08:23 Post subject:
I agree with no corporate welfare. I also believe it is a pretty big stick we could swing, especially at farm subsidies as well.
Windfalls happen but the timing is just bad. They should not be punished.
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sonnylax
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Joined: 30 Sep 2003
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Location: Living in a lollipop and unicorn world
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Posted: 11/10/05 - 08:26 Post subject:
If the politicians were truly worried about reducing the price of gasoline, maybe they should look at their own waistline first - reduce/eliminate state and/or federal gasoline taxes.
The chances of that happening are the same as me winning the Big Game Lottery (~$275 million) friday night.
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