Why do people think that taxing Big Oil and other Big companies more is a good idea?
March 12010
If you tax oil the oil companies will pass that tax on to the consumer raising gas prices. If you tax other companies more they also will pass that tax on to you, the consumer, making everything more expensive.
Also, raising taxes cost companies money which will make them shy away from hiring new employees and/or giving raises to current employees.
Do people just want the rich to PAY regardless of what that costs the average American?
It’s because the Leaders those people look to, are fools. What you said is spot on. ALSO when you tax them their profit on the books will be down creating less wealth for the company on the books making the dividend payments, payments to the stocks value go down or stay the same. That is making the investment in that company that you have NOT A GOOD INVESTMENT, forcing you to sell off, so that you can make money elsewhere. That forces the company to liquidate assets or borrow to cover the sell off making the company worth less and so on and so forth creating a downward spiral in their value. Many companies are experiencing this right now as reflected in the market. It is whats happening now. The market is below 8k from almost 15k. People don’t want to pay the increased taxes soon after jan 20th so they are swiftly reorganizing their portfolios.
March 1st, 2010 at 10:23 pm
YES!
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March 1st, 2010 at 11:07 pm
but but but
Obama is going to take that tax money and give it us.
We all know how well money is handle by government.
I keep asking that question but no Obama fan could explain it to me.
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March 1st, 2010 at 11:24 pm
Because certain politicians have used class warfare in order to win elections. Demonizing profits and success, and faking pity on the pitiful poor is a good way of getting votes.
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March 1st, 2010 at 11:46 pm
That is like trying to charge your kids and wife for the food, clothes
and medical expenses..you can do it..but they would just ask you to
bail them out too
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March 2nd, 2010 at 12:12 am
Why would you think that, before they got the Reagan tax break gas was under a dollar did they pass that savings on to us?
And the fool on the hill sees the sun going down.
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March 2nd, 2010 at 12:48 am
Sorry Jim, but your reality does not fit into their agenda and so your facts and pointedly accurate insight will be lost on them and dismissed.
But I admire your trying.
Please give my best to Scotty and the gang down in engineering.
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March 2nd, 2010 at 12:59 am
Because, to further their own purposes, politicians and the media have succeeded in representing a corporation as three fat white guys in a high-rise office smoking cigars, instead of a constantly changing organization of thousands and thousands of people from all walks of life who bust their butts every day to outdo the competition by providing better products, and therefore enhancing lives.
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March 2nd, 2010 at 1:29 am
They would rather not see the system stacked so heavily in favor of the rich. Since it has been for so long, it is time for them to pay the fiddler.
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March 2nd, 2010 at 2:17 am
BECAUSE A LOT OF THEM ARE NOT TOO BRIGHT
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March 2nd, 2010 at 2:58 am
do you have any other suggestions can you pay for last 8 years f.. up from YOUR OWN POCKET OR middle classes expense.. government spending for stimulating the economy has to come someplace…where do u think money will come.. we are saving wall street ass now 3 big auto makers, god knows what else is in line to get our ( tax payers)money.. so no one will be taxed but still everything will be OK…???
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March 2nd, 2010 at 3:36 am
All the people who voted for Obama do not have a clue how the economy works. All hey heard during Obama’s "hope" and "change" speeches was he was going to take from the "evil rich" and give to the "deserving
poor" These are people with (I am convinced of this) below average intelligence, because they obviously didn’t or couldn’t do the math
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March 2nd, 2010 at 3:52 am
You are right on but alot of people don’t understand they think they are entitled to money they didn’t work for and who better to get it from than the rich the main problem with these people is they are jealous of other people’s success and rather than go out and try to be successful themselves they had rather take it from the ones who have had success all they see is that they are getting free money they don’t understand or care about how it affects others and the economy
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March 2nd, 2010 at 4:06 am
Because they are making all the money, and not paying their fair share, leaving the burden to the rest of us! Why do you think they employ brilliant attorneys, because of their sexy looks? Get real, taxing the public to death is not the solution, they are making billions of dollars, finding loop holes in the tax laws, creating loop holes, off shore accounts, off shore claims, and illegal banking practices, and even for going their American citizen ships to protect their assets. Their ill gotten gains, while lobbying the hell out of congress with free trips around the world, and a nice gift basket full of american currency for their next bid for reelection. And for you to deny, or not even understand this simple fact, shows that you are truly uneducated. Uneducated about the dog gs that run this country into the ground, for their own selfish means, or you are a part of it, and benefit from it in some way. Only you, and god know the truth about that fact, at least for a little while longer, until all will be exposed. And the truth be known, and shown to the world, during judgment day, which will be longer for some, than others!!!!
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The facts are being exposed every day on cnn, cbs, nbc, cspan….