energy
I really like the idea of taxing oil and using the money for clean energy. I can see how it isnt really fair to the gas companies, since we're taxing them until we can replace them. It's tricky diplomatically, because we need the oil right now, and this bill clearly threatens the oil market. Putting special taxes on specific imports isnt really a new idea, so I dont see it as discriminatory, but it's a tricky business getting the oil we need now and at the same time becoming less dependant upon it.
Subscribe to:
Post Comments (Atom)
3 comments:
I find it funny how everyone sees that putting a larger tax on fuel companies is so discriminatory. It seems to me that the fuel companies are making some of the largest profits within America. It will be very interesting in my perspective to see how this piece of legislation effects the cost of gas. Fuel companies know that Americans depend on fuel on a daily basis. We are going to keep buying fuel, no matter what the cost of it is, so companies will most likely just keep raising the prices.
If they're only being taxed because they're making large profits then of course it's discriminatory. That doesn't make it wrong, in this case.
Since when is making large profits bad? It's the job of companies to make money to give it back to the investors, which in many cases are everyday Americans. Anyone that has a 401 (k) or IRA probably owns some type of stock in the energy sector. So the more money they make, the more money Americans have to retire with. So by taxing these "excessive" profits, you pay twice, once for the fuel, and once again with the reduced profits in your 401(k). If you want, ask anyone in the Economics Department, and I bet they tell you there is no such thing as excessive profits.
Post a Comment