Name:	Talullahhound -	Reply
Subject:	Windfall Tax
Date:	10/31/2022 4:50:51 PM

Since Biden can't force OPEC or the US Oil companies to lower the gas prices, he's decided he's going to impose a "windfall tax" on their profits.  Biden just can't do enough to destroy the oil business inn this country.  That's why we need big wins by Republicans for the House and Senate to put an end to his nonsense.  

Name:	GoneFishin -	Reply
Subject:	Windfall Tax
Date:	10/31/2022 11:58:16 PM (updated 11/1/2022 12:00:24 AM)

Like you, I own oil company stocks. Higher profits means more  in our pockets.  I am sure you agree that price  gouging is cool when we own the gouger. Just think how your dividends will increase if prices go  to $6.00 gallon. You  ever go into the gas station store and watch

how many can't  afford a bag of  chips after filling up and making you richer? The Right has a better idea...just ask Martini.

How will a big win  by the Right solve the problem? They could solve it the way they solve everything else...reduce taxes on the rich.

Name:	MartiniMan -	Reply
Subject:	Windfall Tax
Date:	11/1/2022 9:12:29 AM

If they can't afford a bag of chips because of the cost of gas how about this idea......tell your f'in moronic, senile President to turn the oil industry loose in this country to begain exploring, producing and transporting oil and natural gas like they were under Trump when energy costs were a lot lower.  But then again so was inflation, so was the national debt, so was illegal immigration and everything else. 

Like I said elsewhere Goofy, your only answer to anything is more laws, more taxes, more government control.  God forbid you actually propose something that makes sense and will actually work and help people.  All windfall profit taxes do is take the cash that we pay to oil companies and transfer it to the government who then wastes half of it on the bureaucracy and doles out the other half to their preferred winners.  Does absolutely nothing to help Americans afford a bag of chips.....you are clueless.....as usual.

Name:	phil -	Reply
Subject:	Windfall Tax
Date:	11/1/2022 9:27:37 AM

Only thing I can say about GFY is that he is consistant, never misses an opportunity to tell others to do what he does not do while pushing leftist insanity.

Name:	MartiniMan -	Reply
Subject:	Windfall Tax
Date:	11/1/2022 10:14:01 AM

Trump completely broke him.  He used to have occasional glimmers of sense in the midst of left wing propaganda.  Not anymore.  He has lost it.  The above is a perfect case in point. He makes up a story about someone not being able to buy a bag of chips because of the cost of gasoline and his solution is more taxes......which will do nothing to reduce the cost of gasoline and may in fact do the opposite if oil companies raise the cost of gasoline because of the additional taxes.  It's hard to imagine being any more nonsensical.

Name:	phil -	Reply
Subject:	Windfall Tax
Date:	11/1/2022 1:22:15 PM

It is funny that at a time of record fuel costs he wants to tax the companies - which will pass the cost on in terms of even higher fuel costs which will mean that the person who could not afford the chips would now not get the chips and would have to pump even less gas if we assume he did not have the extra money for the chips how the hell is he now going to afford even higher gas costs.....

Only in the mind of a liberal nut.

Even bigger concern is what I have been reading about shortages of diesel - Big trucks and trains run on it, if we have only a few weeks in the supply line that is not good.  Shortages will be felt in rising costs of every good as transportation costs skyrocket.

Name:	CRD -	Reply
Subject:	Windfall Tax
Date:	11/1/2022 1:46:33 PM

Fish,

Anytime your solution is taxing a massive group of companies that sell an item almost everyone uses, it means that the Dem solution is they want to tax YOU more and make YOU pay more.  There go your dividends........

Name:	GoneFishin -	Reply
Subject:	Think For One Time
Date:	11/1/2022 3:09:00 PM

Where did I post that I support a windfall  tax? Why would I support a windfall tax if it will reduce  oil company dividends? The best way to solve most issues according to the Right is to reduce taxes on the rich.

Name:	Lifer -	Reply
Subject:	Think For One Time
Date:	11/1/2022 5:07:21 PM

It seems like folks prefer tax breaks for the rich as opposed to tax, and everything else, hikes on the poor.  

Name:	MartiniMan -	Reply
Subject:	Think For One Time
Date:	11/2/2022 9:05:38 AM

Let's see......this thread is about windfall profit taxes on oil companies.......you posted that the only solution ever offered by the Right is lower taxes for the rich.......ergo, you support a windfall profit tax on rich oil companies.  That you cannot even comprehend your own writing or want to spin it as something else is not a surprise.  

As for solutions, I told you want needs to be done.  They won't because the elitist leftists hold average people in contempt.

Name:	GoneFishin -	Reply
Subject:	Think For One Time
Date:	11/2/2022 1:21:47 PM

You attempt  at logic  is amazing. You are sounding like Idiot Walker and his logic. Why would I support a windfall tax that will effect my portfolio of  oil companies and their dividends? Use logic for once rather than get all excited with  a Gotcha moment.

And yes, the solution for all problems from Republicans is to reduce taxes on the rich and stick it to their MAGA base. Their base just doesn't realize it.

Name:	phil -	Reply
Subject:	Think For One Time
Date:	11/2/2022 2:42:38 PM

https://thehill.com/opinion/finance/584190-irs-data-prove-trump-tax-cuts-benefited-middle-working-class-americans-most/

Nope you are just an idiot who supports raising taxes on EVERYONE!

Name:	MartiniMan -	Reply
Subject:	Think For One Time
Date:	11/3/2022 8:55:40 AM

I don't think logic means what you think it means.  Indeed the GOP is the party that believes in lower income taxes....but you can only lower taxes on people that actually pay taxes.  So for around 45% of the population they in fact will not benefit from lower Federal tax rates because they don't pay these taxes.  For around 44% of the population that do pay Federal income taxes they also benefit from rate cuts and the robust economic growth that occurs when Americans get to keep more of their hard earned money to spend or invest rather than being pissed away by the government.  For the remaining 1% that pay anywhere from 35% to 40% of all the Federal income taxes collected each year they do indeed benefit the most from tax rate cuts....ya know, because they pay most of the taxes.....DUH! 

None of this screws the base of the GOP as they too benefit from tax cuts.  It does screw the base of the Democrat party because many of them fall into the group that pays no Fed income taxes.  They prefer to live off the rest of us and vote Democrat to get there.  That is logic, pal.

Name:	CRD -	Reply
Subject:	Think For One Time
Date:	11/3/2022 9:43:00 AM

So Fish, as an energy sector investor, you must have some expertise to answer a few questions:

Do you feel that the Oil and Gas companies in the US are capable currently of increasing production?

If so, did you decline your dividend and request that your capital gain be put back into the company for more energy production, all for the common good?

Name:	phil -	Reply
Subject:	Think For One Time
Date:	11/3/2022 10:08:45 AM

Pretty sure we know the answer to that one - GFY approves of "gouging" when it lines his pocket!

Name:   GoneFishin  -  Subject:   Windfall Tax Date:   10/31/2022 11:58:16 PM (updated 11/1/2022 12:00:24 AM)

Like you, I own oil company stocks. Higher profits means more  in our pockets.  I am sure you agree that price  gouging is cool when we own the gouger

Name:	GoneFishin -	Reply
Subject:	CRD
Date:	11/3/2022 1:54:05 PM (updated 11/3/2022 4:03:24 PM)

Yes, they could increase production. However, the are concerned if they increase producton with new wells and the price of crude falls they will not recover the cost of the new wells.

As to my dividends, I am like a Doctor billing $250 for a visit while Medicare pays and the doctor accepts $150. Then, the Doctor will bill someone without Insurance $250 and expect payment before they will see the patient. Why doesn't  the Doctor bill the patient $150 since they accept that from Medicare?

Both answers are the same....greed. You want yours and I want mine.

I suspect you have oil  companies in your porfolio as most have broad index funds in their retirement plans.