Obama: Let's take a "reasonable share" of Big Oil's profits to give every family $1k

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

Hmmm....I think I'll go with the Bureau of Profit Administration.

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

They might as well. It's the same old tired bullshit from you anyway. Corporations, rights, bad, tovarich!

Throw in the melting faces of socialist scum and it'd be interesting indeed.

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

Bureau of Profit Administration: The American Dream: It's what we say it is, for everyone!

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

Yet, Obama couldn't see his way past giving up some of the federal taxes that are piled onto gasoline and diesel.

Why am I not surprised that he is still using the same old class warfare BS on this particular subject.

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

Fuck that, just let the feds take over the oil companies. You seem to want that, just fucking take it like ol Chavez and be done with it.

I think HH just got a fucking hardin.

Mothersfuckers all want something for nothing.

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

Well putting the government in charge of it, will simply make a bad situation even worse.

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

But.....but...Hugo did it!!



Oh and Henryhill.....Listen man......no one gives a crap about your crazy views on corporations. Centuries of law and case law say a corporation is a artificial person. Bitch all you want but that is the way it is and it won't be changing anytime soon.

Well at least until Obama takes office.

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

Hey if we are going to steal money from oil companies we should also still it from other companies as well.

Big Pharma for instance makes way more on profit margins then any oil company. They could take a big chunk out of their profit margin and not even notice the government took it.

Banks too! They have huge profit margins. They could make do with giving up the cash and still be healthy.

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

I frankly don't give a rats ass anymore. Pelosi and Co. are determined to destroy the industry anyway, let's just give them the fucking reins and let them fall on their fucking faces so we can get on with it.
I so tire of their shit. Motherfuckers won't be happy until they have another reason to play these partisan bullshit games instead of doing their Goddamn jobs. Trying to buy votes then trying to pawn it off as the oil industry being the bad guy is so fucking old it's hardly bearable.

A pox on their houses and any who side with this kind of bullshit.

Fuck. Them. All. They're the fucking reason things are as they are.

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

Caboose vote Obama!

Trust me! Give them the reins.

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

Too true... unfortunate that roughly half of the nation can't figure that one out. Hell some of the folks here can't figure that one out. :kirk1adm:

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

The idea has an archetypal resonance (Robin Hood perhaps?) but its application in today's times seems a bit misguided.

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

It is tyranny plain and simple.

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

Robin Hood was stealing from nobles(The Government) who were unjustly taking people's money through unrestricted taxation of the people. People seem to forget that.

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

Um... yeah.

You do realize that under current proposals, any money spent on R&D and increasing supply doesn't fall under 'windfall profits' and thus won't be taxed.

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

It's not as if Giant Douche II isn't planning to do the same thing in green by continuing GD I's tax cuts (after not wnating to continue them before, when he was still sane).

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

That it "won't be changing" doesn't make it right.

All this posturing as champions of individual liberty would be better dirceted at defending the rights of actual people.

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

You don't see the flaw in complaining about taxes but not subsidies?

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

You don't see that the subsidies are actually tax breaks?

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

Tax breaks and taxes are both the same thing. Either we have a tax that is in excess of 0 (a positive tax, if you will), or less than 0 (a negative tax). The language that we use is immaterial, the point that matters is that any movement from negative to positive decreases profit unless that cost is passed on to the consumer. Inversely, any move from possitive toward negative increases profit unless the savings is likewise passed on to the consumer.

So now, to get back to my earlier point -- if the goal is to prevent the consumer from taking the burden of oil company taxes at the pump, the only suitable solution is a negative tax (ie subsidy). I'm quite surprised, that the folks arguing in this thread on behalf of the consumer haven't advocated this idea.

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

The point is, argument was made to end the subsidies which in fact are just tax breaks. To end the subsidies is to increase the taxes they have to pay, a cost that will be passed on to the consumer thus raising the prices further yet which is all fine and dandy for the fed, but fucks over the consumer yet again.
Add to that the desired increase of road taxes another dime a gallon due to people cutting back on driving and the fed is really reaming us and getting nowhere but increasing the cost at the pump and causing more hardship for many, especially the poor, and this is not to mention increasing the rate of inflation through all commodities having to increase their prices.

Shit man, look what this biofuel bullshit has caused globally and the final results are far from in.

I can't understand why this is so hard to grasp. Cut back the subsidies/tax breaks the company has no choice but to increase prices to take care of their stockholders and to fund their reasearch, development, and any progress in the way of further exploration of alternative fuels like fuel cells. Exxon is knee deep in producing better plastics for the fuel cells, money that comes from their coffers. They will have to increase costs to maintain this work, or it will stiffle the research and keep us on the forien oil tit that much longer.

It's bad business sense at the expense of the public as a pandering for the vote. It's ignorant, and this comes from someone who wants to be the CIC.

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

Oh I grasp it all too well. The market is heavily distorted, and the consumer is benefiting from this. But as long as we are okay with distorting the market, how can we argue against yet another distortion (as Obama is proposing). You'll note my first post in this thread opposed it. I say get rid of all the distortions -- windfall taxes, tax breaks, loopholes, etc. Make the consumer pay the true economic cost at the pump. Then, and only then, can we have a reasonable discussion about the energy conundrum. Until then, we are just pitting one special interst against another.

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

Duh..no shit! We were discussing the regulating of how much profit a corp is allowed to take. Such as forcing them to reinvest profits into R&D rather than pocketing the cash. Taxes weren't being discussed anymore.

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

Since when is the government seizing less of a corporations money a subsidy? Tax cuts, tax breaks and etc. are not subsidies.

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

Because the Libtards declare it so. No other reason.

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

It is kind of interesting, looking at the downright inappropriate schemes that are taking place right now. Especially with a Democratically controlled Congress that can't wait for a Democratic President to be put into office that will basically give them a blank check to spend money however they would like and increase taxes pretty much however they'd like.

Back when the income tax was first started and the amendment to allow it to be conducted legally was enacted, the "reasonable" tax for income was a very small percentage of ones income that only impacted the highest earning folks of this country. That was the only reason both parties were on board with the entire income tax scheme to begin with. But, since there were no limitations placed on the government for how much, how often and etc. they can collect taxes over time that term for reasonable has changed. Now we've got a tax code that is burdensome, so convoluted, so unfair that about the only people who are not negatively impacted in some way are those making $20K or less. Yet whenever there is even the hint of a tax cut mentioned, the same people who have no problem taking unreasonable amounts of money from the rest of us will claim that tax cuts only benefit the highest income earners of our country.

Complete and utter bullshit, just like Obama's dream of taxing oil companies and their profits to death!

Why not tax the profits of big Hollywood? They tend to make disgusting profits off of the movies they make. What about taxing the windfall profits that actors make for playing dress up and pretending they are intelligent people with goals in life?

What about the windfall profits that the US federal government makes off of us?

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

It looks like not even those who supported Obama during the primaries are all that impressed with him. Unless you call heckling him at speeches like the one where he was talking about big oil having larger percentages of their profits seized as giving him support.

Apparently Obama thinks that talking to people like children is going to inspire support for him and his policies?

Source

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

Kirk, there's a whole 'nother thread on that, though with so many Obama threads started by people such as yourself, I can see how you might miss it.

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

Yes, I've started oh so many Obama threads.

Sorry but, the information is most appropriate for this thread considering the heckling took place while he was talking about seizing the profits of big evil oil companies and its executives.

Yes, I did miss yet another thread started by Starguard. I know it is difficult considering it is so unusual for it to begin a thread.

Re: Obama: Let's take a "reasonable share" of Big Oil's profits to give every family

I was talking about Starguard.

I don't know if you watched the clip, or read the other thread, but the consensus seems to be that he heckling made Obama look good.