Didn't I just tell you not to ask? Though I dunno if "huh" qualifies. heh.
I'm not leaving the country until August 20, so i'll be in Cambridge and the South for a few weeks. Haven't seen you in awhile...bar? What're your plans?
Dude, so I gotta know your opinion on taxing the "windfall" profits in the amount of a "reasonable share" from the oil companies and using the proceeds to fund a stimulus check. Specifically:
1.) How do we define a windfall profit? Does it differ from normal profits?
2.) Should everyone who makes said "windfall" have to pay it?
3.) Should it only be on those goods you've termed "essential?"
4.) Dick Durbin said, "The oil companies need to know that there is a limit on how much profit they can take in this economy." Really? This seems to me to be an amazing redefinition of the free market.
5.) If you tax the oil companies on their "windfall," why would the oil companies agree to tax such a large hit? Wouldn't they just come back with $5 gas? Get relief from $4 per gallon gas with $5 per gallon gas, plus $1000.
I am for the $1,000 tax credit to each individual based on the windfall profits tax. I don't really like the phrase "windfall" b/c I agree w/ you to the extent that we get into dangerous territory (from a capitalism standpoint) when we label some profits "windfall" and others "normal."
That being said, we need to take drastic measures to take steps toward energy independence. We need more tax credits to encourage research and the implementation of technology to take advantage of wind, sollar, natural gas power, etc. Thus, coupled w/ the windfall profits tax should be an add'l tax credit for oil companies based on nonconventional exploration activities. In other words, the oil companies can recover their "windfall" profits tax through an offsetting research credit.
But isn't that the equivalent of saying "Hey Microsoft, you have to spend some time doing research for Apple?"
Further, you bemoan the stranglehold the oil companies have on the economy. Why would you want to encourage them to place a stranglehold on alternative fuels?
More on this later. But meanwhile, Jay... how's the summer reading list going?
12 comments:
huh?
Have fun in India? When are you going?
DA
Didn't I just tell you not to ask? Though I dunno if "huh" qualifies. heh.
I'm not leaving the country until August 20, so i'll be in Cambridge and the South for a few weeks. Haven't seen you in awhile...bar? What're your plans?
Sorry--put in a question mark at the wrong spot.
We are headed to Italy in a couple weeks. Should be great.
What are you doing until Aug 20?
DA
Dude, so I gotta know your opinion on taxing the "windfall" profits in the amount of a "reasonable share" from the oil companies and using the proceeds to fund a stimulus check. Specifically:
1.) How do we define a windfall profit? Does it differ from normal profits?
2.) Should everyone who makes said "windfall" have to pay it?
3.) Should it only be on those goods you've termed "essential?"
4.) Dick Durbin said, "The oil companies need to know that there is a limit on how much profit they can take in this economy." Really? This seems to me to be an amazing redefinition of the free market.
5.) If you tax the oil companies on their "windfall," why would the oil companies agree to tax such a large hit? Wouldn't they just come back with $5 gas? Get relief from $4 per gallon gas with $5 per gallon gas, plus $1000.
RS
Changed my mind: I think we should distribute money based on arm-wrestling matches. Oh, except that Asians get guns too.
I am for the $1,000 tax credit to each individual based on the windfall profits tax. I don't really like the phrase "windfall" b/c I agree w/ you to the extent that we get into dangerous territory (from a capitalism standpoint) when we label some profits "windfall" and others "normal."
That being said, we need to take drastic measures to take steps toward energy independence. We need more tax credits to encourage research and the implementation of technology to take advantage of wind, sollar, natural gas power, etc. Thus, coupled w/ the windfall profits tax should be an add'l tax credit for oil companies based on nonconventional exploration activities. In other words, the oil companies can recover their "windfall" profits tax through an offsetting research credit.
But isn't that the equivalent of saying "Hey Microsoft, you have to spend some time doing research for Apple?"
Further, you bemoan the stranglehold the oil companies have on the economy. Why would you want to encourage them to place a stranglehold on alternative fuels?
More on this later. But meanwhile, Jay... how's the summer reading list going?
RS,
Were all those comments yours? Or...who are you anonymous poster?
Oh right, I was the last one only.
RS
I made the pro windfall profits tax comment.
DA
I suspect I know what spurred this post. Yes?
TK
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