Re: Diesel 9,5$/gl in Norway

On May 9, 10:30=A0pm, Chip <chip.w...@[EMAIL PROTECTED]
> wrote:
> trad...@[EMAIL PROTECTED]
 wrote:
> > On May 9, 9:04 am, "Commuter" <t12...@[EMAIL PROTECTED]
> wrote:
> >> Personally, I'd prefer to see higher prices due to taxes that benefit
> >> society than high prices that benefit already rich oil companies and
> >> investors.
>
> > That's just the kind of voter the politicans love. =A0 The kind that
> > thinks the more money the govt has, the better off we all will be.
> > How successful have many of the govt programs been? =A0 =A0LBJ
declared
> > war on poverty in the 60's and 4 decades and trillions of dollars
> > later, the poverty rate is about the same. =A0 They did create lots of
> > single parent welfare families with lots of kids though.
>
> > The govt already gets half of the oil company profits. =A0 What's
left,
> > a lot returned as dividends to investors, which include many
> > retirement plans that provide income and pension benefits to Americans
> > of modest means. =A0 And a lot of it gets invested back in exploring
for=

> > new oil. =A0 All of that is better than sending off to a rat hole in
DC.=

>
> Spend a lot of time listening to Rush, huh? =A0It's a rare day in hell
> when the subsidized, oil depletion allowance, oil corps return any
> profit in taxes.


LOL.   If you spent 2 mins trying to learn something, you'd avoid
making an ass out of yourself.  Take a look at Exxon as an example.
They paid $9.3Bil in income tax in the first quarter, which amounts to
49% of their profits.  In total taxes, they paid a whopping  $29.3
bil.    But it's never enough for guys l like you, who obviously don't
even know the most basic facts.  And if you took an entry level
economics class, you'd learn that just like any other cost, taxes get
passed along and paid by consumers in the end.



http://www.businessweek.com/bwdaily/dnflash/content/may2008/db2008051_596535=
..htm?chan=3Drss_topEmailedStories_ssi_5

"On May 1, Exxon Mobil announced first-quarter 2008 earnings of $10.9
billion=97a figure that marks the second-largest U.S. quarterly profit
ever, even if it slightly missed Wall Street's expectations.

Perhaps more surprising was this figure buried in the Exxon (XOM)
re****t: $9.3 billion. That's how much Exxon paid in worldwide income
taxes in the first quarter of 2008, representing a 49% tax rate on its
gross income of $20.2 billion.

Blogger and economist Mark Pery generated a lively discussion when he
pointed to Exxon's "all-time high" income-tax figure, noting it was a
small ****tion of the company's overall $29.3 billion total tax
payments in the quarter. "











=A0The individual welfare checks are peanuts compared to
> the corp welfare that Bush and his buddies give them.
>
> Chip- Hide quoted text -
>
> - Show quoted text -