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Old 01-19-2012, 07:31 PM   #1
dharma
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Default Dems Propose "Reasonable Profits Board"

http://thehill.com/blogs/floor-actio...ompany-profits

Who is John Galt?
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Old 01-19-2012, 07:52 PM   #2
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Originally Posted by dharma View Post
I was going to ask the same thing...
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Old 01-19-2012, 08:04 PM   #3
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From the article;

"According to the bill, a windfall tax of 50 percent would be applied when the sale of oil or gas leads to a profit of between 100 percent and 102 percent of a reasonable profit. The windfall tax would jump to 75 percent when the profit is between 102 and 105 percent of a reasonable profit, and above that, the windfall tax would be 100 percent. The bill also specifies that the oil-and-gas companies, as the seller, would have to pay this tax."

Oh, yeah, that's going to encourage local exploration and production.




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Old 01-19-2012, 09:16 PM   #4
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Just d@mn.

I like how Liberals and Progressive thing that productive people can't help themselves.

"Tax "windfalls" 50-70% and we can add that to the money we can spend!

And they can't help themselves! They will do it year after year! "

Yes, you may get the stupes the first year. After than, they earn right to the limit.
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Old 01-19-2012, 10:58 PM   #5
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Hey get with the program !
Group predation on successful minorities and entities is a
fundamental part of the new morale code .

Progressive destruction of property rights was a primary reason Hitler rose to power .
People understand how destructive and unfair this behavior is . They then become
disillusioned with tyranny by majority ( laughably called democracy )
and support almost any strongman promising to change the system .


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Last edited by Ross; 01-19-2012 at 11:16 PM.
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