Author Topic: trickle down  (Read 1400 times)

Offline Captain Virgil Hilts

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trickle down
« on: February 27, 2008, 07:01:46 PM »
Well, the House has passed an $18 BILLION tax increase on the oil companies. I guess they'll tell us how that won't drive up the prices at the pump, and it'll also help us be less dependent on foreign oil. Gas went up $0.25 in the last week, so they increase taxes. Yeah, that'll help. A lot.:rolleyes:
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Offline Sundowner

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Re: trickle down
« Reply #1 on: February 27, 2008, 07:51:51 PM »
Quote
Originally posted by Captain Virgil Hilts
Well, the House has passed an $18 BILLION tax increase on the American oil consumer.....


There ya go..fixed.

Your right, Captain. Corporations chuckle when they are taxed..gets passed right along to us.

In my younger years I was an assistant manager at a Sonic Drive-In. I remember the day after a minimum wage increase went into effect..the owner had me out that night changing all the menus with the new price increases.

Its the same principle here.
Watch your nearest gas pump price for the effects of this latest tax increase.


Regards,
Sun
« Last Edit: February 27, 2008, 08:00:29 PM by Sundowner »
Freedom implies risk. Less freedom implies more risk.

Offline MORAY37

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Re: trickle down
« Reply #2 on: February 27, 2008, 08:26:16 PM »
Quote
Originally posted by Captain Virgil Hilts
Well, the House has passed an $18 BILLION tax increase on the oil companies. I guess they'll tell us how that won't drive up the prices at the pump, and it'll also help us be less dependent on foreign oil. Gas went up $0.25 in the last week, so they increase taxes. Yeah, that'll help. A lot.:rolleyes:


Gotta start to pay for those Tax Relief checks you're gettin mailed.
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Offline crockett

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trickle down
« Reply #3 on: February 27, 2008, 10:42:21 PM »
It's 18 billion over 10 years.. Thats only 1.8 billion for each of the 5 oil compaines over a 10 year time frame. I really don't think that will cause gas prices to go up very much.. Bush probably has more effect on oil prices when he talks about Iran than this amount of money would.


btw it's not "new" taxes.. it's making them pay tax that they had got out of paying pior to this.

"The bill would roll back two lucrative tax breaks for the five largest U.S. oil companies. One helps manufacturers compete against foreign companies; the other gives American companies a tax credit related to oil and gas extraction outside the country. Democrats estimated that those current breaks would save the oil companies $17.65 billion in taxes over the next 10 years.

I really don't think $180 million/year per company is really going to hurt their bottom line when those 5 companies profited a $123 billion last year alone.


Just more Republican scare tactics.. as if that's really gonng to drive fuel prices up...
"strafing"

Offline JB88

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trickle down
« Reply #4 on: February 27, 2008, 10:48:37 PM »
interesting read crocket.

it's nice to see numbers and facts.

;)
this thread is doomed.
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word.

Offline JB88

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trickle down
« Reply #5 on: February 27, 2008, 10:50:40 PM »
that is to say, it's makes for a more convincing argument.
this thread is doomed.
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To strive, to seek, to find, and not to yield. -Ulysses.

word.

Offline crockett

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trickle down
« Reply #6 on: February 27, 2008, 11:04:32 PM »
Quote
Originally posted by JB88
interesting read crocket.

it's nice to see numbers and facts.

;)


Yes something else that's funny, is Microsoft was just fined 1.3 billion by the EU.. Yet I don't see the Republicans jumping up and down claiming those dirty Europeans are gonna drive up the price of computers.

:rofl
"strafing"

Offline Mr No Name

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Re: Re: trickle down
« Reply #7 on: February 28, 2008, 12:01:51 AM »
Quote
Originally posted by MORAY37
Gotta start to pay for those Tax Relief checks you're gettin Nailed.


*Fixed*  :D
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Offline ROC

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trickle down
« Reply #8 on: February 28, 2008, 12:02:12 AM »
Microsoft doesn't make computers.  Just thought I'd toss that in.

Profit, by the way, is what makes companies grow, it's where investment comes from.  There is nothing wrong with making a profit.  If profits were finite, and limited, the US economy would never have made it much past the late 1700's.  There is plenty to go around because there is an unlimited amount of opportunity, although it requires getting up off ones butt and not begging the Government to hand out something unearned to someone else.

There is something grossly wrong with accepting the idea that some one else has the authority to determine what others do with the rewards of their effort.

If you think for one minute an oil company making billions in profit is keeping you from getting ahead in life, you are sadly mistaken and being played for a fool.

Quote
I really don't think $180 million/year per company is really going to hurt their bottom line when those 5 companies profited a $123 billion last year alone.


If this was your money you would be offended.  If this was your money, frankly, you wouldn't have the frame of mind you have on the subject as you cannot possibly be successful and subscribe to the socialist mindset.

It is their money.  If you think the government could do better managing the private sector, the pro's over in the former soviet union couldn't do it, what makes you think these amateur Democrats can pull it off.

It is frightening how easy it is for some to accept the idea that others should be managed.  When your lifestyle is managed in a way you don't approve of, then will you get it?
ROC
Nothing clever here.  Please, move along.

Offline lasersailor184

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Re: Re: trickle down
« Reply #9 on: February 28, 2008, 12:07:32 AM »
Quote
Originally posted by Sundowner
There ya go..fixed.

Your right, Captain. Corporations chuckle when they are taxed..gets passed right along to us.

In my younger years I was an assistant manager at a Sonic Drive-In. I remember the day after a minimum wage increase went into effect..the owner had me out that night changing all the menus with the new price increases.

Its the same principle here.
Watch your nearest gas pump price for the effects of this latest tax increase.


Regards,
Sun


They don't chuckle so hard.  Even these big evil oil companies adhere to the laws of supply and demand.
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Offline rpm

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Re: Re: Re: trickle down
« Reply #10 on: February 28, 2008, 02:07:03 AM »
Quote
Originally posted by lasersailor184
Even these big evil oil companies manipulate the laws of supply and demand.
Fixed
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Offline Captain Virgil Hilts

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Re: Re: Re: Re: trickle down
« Reply #11 on: February 28, 2008, 06:14:15 AM »
Quote
Originally posted by rpm
Fixed
:noid


PLEASE, tell us all again how the oil companies blew up a refinery, and had Hugo Chavez steal their assets and stop selling them oil, so they could raise the price. Remind us all how China's ever increasing oil demands have no effect on prices. While you're at it, explain to us all how commodities day traders gaming oil futures to make a living has no effect at all on prices.
:rolleyes:
« Last Edit: February 28, 2008, 06:27:06 AM by Captain Virgil Hilts »
"I haven't seen Berlin yet, from the ground or the air, and I plan on doing both, BEFORE the war is over."

SaVaGe


Offline Captain Virgil Hilts

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trickle down
« Reply #12 on: February 28, 2008, 06:31:21 AM »
Quote
Originally posted by ROC
Microsoft doesn't make computers.  Just thought I'd toss that in.

Profit, by the way, is what makes companies grow, it's where investment comes from.  There is nothing wrong with making a profit.  If profits were finite, and limited, the US economy would never have made it much past the late 1700's.  There is plenty to go around because there is an unlimited amount of opportunity, although it requires getting up off ones butt and not begging the Government to hand out something unearned to someone else.

There is something grossly wrong with accepting the idea that some one else has the authority to determine what others do with the rewards of their effort.

If you think for one minute an oil company making billions in profit is keeping you from getting ahead in life, you are sadly mistaken and being played for a fool.

 

If this was your money you would be offended.  If this was your money, frankly, you wouldn't have the frame of mind you have on the subject as you cannot possibly be successful and subscribe to the socialist mindset.

It is their money.  If you think the government could do better managing the private sector, the pro's over in the former soviet union couldn't do it, what makes you think these amateur Democrats can pull it off.

It is frightening how easy it is for some to accept the idea that others should be managed.  When your lifestyle is managed in a way you don't approve of, then will you get it?


You don't REALLY think people who think it is okay to take other people's money are ever going to get it, do you? They'll NEVER understand that taxing the crap out of EVERYTHING that generates a profit and employs people in the U.S. will drive it ALL out of the country. Not even when they wake up and don't have a job. Only stupid and arrogant fools think profit is a dirty word.
"I haven't seen Berlin yet, from the ground or the air, and I plan on doing both, BEFORE the war is over."

SaVaGe


Offline lazs2

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trickle down
« Reply #13 on: February 28, 2008, 08:24:06 AM »
well crock it..  I guess the mean old oil companies are just gonna suck it up and not pass it on to us?

they work on a profit margin.. it matters not what the costs are or what brought them on.  if the oil costs more.. they pass it on to us..  if it costs more to get out of the ground.. they pass it on to us..  if the government charges them more to do business.. they pass it on to us.

You like numbers?  the real number is 9%   they make 9% profit.  I don't think they will settle for much less than that.  

And.. anyone here know what the government will do with this money?    Explore for oil?  build nuke plants?    nope.  

lazs

Offline Mickey1992

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trickle down
« Reply #14 on: February 28, 2008, 08:31:07 AM »
http://news.yahoo.com/s/ap/20080228/ap_on_bi_ge/energy_taxes;_ylt=AlyEPrZ_tKWs6jGHnRefKZsDW7oF

"The bill would offer tax credits for more energy efficient homes and a credit for "plug-in" gas-electric hybrid cars that would capture electricity off the power grid, once such cars become available in showrooms."

---------------

What?  "gas-electric hybrid cars that would capture electricity off the power grid"?  Do you mean cars that you plug in an electrical outlet at night?  Is my TV "capturing electricity off the power grid"?  Some of these AP articles are comical.