Senate to Debate Windfall Profits Tax on Big Oil
They just don’t get it. This country is so stupid, when it comes to corporate taxes. They want to really stick it to those evil rich people, the ones who afford jobs to the lower- and middle-class people and also the ones who furnish us with products.
They’ve engaged in a crusade against Big-*. Any commodity out there that sells in large volume, they’re against–particularly Big-Oil. There’re too many profits there, in their opinions. They get to decide how much profit is too much. They, people who on average make in the 6 figures in tax-paid salary, get to determine how rich is too rich.
Nevermind the fact that we’re pretty much the worst nation in the world when it comes to taxing corporations. And they all wonder why corporations are flocking overseas in droves.
Assuming that they would put this tax into place, do they really believe that “Big-Oil” is going to let it take a bite out of their profits? Do they not realize who’s going to pay for this in the end? The consumer! The very people they’re “out to protect.” “Big-Oil” isn’t going to sit idly by and let their money go out the window into their grubby little fists. They’ll pass prices on to the consumer, thereby causing higher oil prices and, ultimately, higher gas prices.
Ugh.