Skid Row Joe wrote: ...Exxon is paying at the I.R.S.' federal corporate tax rate of 42% of profits....
Aren't profits declared after taxes and operating expenses are deducted from the gross income; otherwise, how can it be a profit? Something doesn't sound right.
yakman wrote: The petroleum industry does not control supply or demand or the commodity prices. Blame China and India and OPEC not Exxon or Chevron. Maybe we should invade and take over all the OPEC countries, then we would control the world's supply and we could have cheap oil. Otherwise the government can do nothing to help you except decrease fuel taxes
I don't believe what you are saying for one minute.. is true. I will only believe that, if the oil co. were not making such a large profit every quarter. Please tell me why they have to make Billions and Billions every three months? There is nothing wrong with making a fair profit, but that goes beyond that.
pnichols wrote: "Traveling is digging deeper into all of our wallets but there are too many give away programs without adding more."
There are not anywhere near enough giveaway programs in this country for .... seniors. Here are just a few examples:
- A free nationwide fishing license should be available.
- All Federal recreational facilities should have next to nothing entrance fees and next to nothing overnight camping fees .. for both dry camping and hookups.
- All State recreational facilities should be as above.
- RV (and perhaps regular vehicle?) licensing fees for owners who are senior should be way lower in every state.
- Gas companies should give monthly gas expenditure based rebates to senior customers when those senior customers us their specific company gas credit cards. These rebates should be something that really counts - like, say, 50 cents or more per gallon. Some gasoline companies do this now but the rebates are for everyone, hence the rebates are peanuts compared to what seniors on reduced income really need for help in their travel and regular gas expenditures.
If the US population is aging and if this population is therefore becoming stronger at voting times and if the US Govt. wants seniors more and more to foot their own tabs in retirement - then how about some preferential financial treatment as in the examples above?
The above is IN ADDITION to getting Social Security and MediCARE back on track for seniors.
Specifically in response to the bolded part:
Right now, seniors are voting as a block and getting more and more of these types of giveaways. They can get them now because the workers are not voting as a block. Keep up this nonsense, and the workers will start voting as a block. Once this happens, watch out! The projections are that there will be 3 workers for every retiree. That means every retiree vote can be out voted by 3 no votes.
Skid Row Joe wrote: ...Exxon is paying at the I.R.S.' federal corporate tax rate of 42% of profits....
Aren't profits declared after taxes and operating expenses are deducted from the gross income; otherwise, how can it be a profit? Something doesn't sound right.
Sounds confiscatory, but it's I.R.S. Federal Tax Rate. 42% of profits, after expenses.
I have a sweet tender nature, however I enjoy sharing my thoughts and opinions.
A) "Having them pay for us old fogies, probably will hasten the time that they march us down to the local food supplement factory and turn us into food supplement wafers."
Yeah ..... I have Soylent Green in my video library ... it's one of my favorites.
B) "Why does anybody owe you, me or anybody something like this? Why would I want a handout from anybody or any business or any government?"
Then .... under what conditions, if ever, do you think healthy, employed, saving, responsible, normal/above IQ, prudent investor, and lucky citizens of a country owe any of the other citizens something?
Didn't someone (K.....y) approximately say "Ask not what your country can do for you .... but what you can do for your country?"
I think this slogan is superior: "Freely ask what your country can do for you if, and only if, you have first freely given full measure to your country."
That's what pulling together (and "government") is (should be) all about. Every person should give while he is able so that when the time comes that he is not, he can freely receive.
Every man for himself will never work and never has.
yakman wrote: The petroleum industry does not control supply or demand...
Here is a link to the testimony of an expert before the senate judiciary committee that contradicts that statement, and backs up his claims with proof:
I wonder if it would help if the government would shut down Exxon, et al? Maybe that will teach them. Seems everybody's out to get the poor oil companies. Getting $35 Billion in tax dollars a year isn't enough from Exxon.......
Your dollar today is worth very little, this is why gas, food, everything which is be hauled by a truck is going up. Thank the boys (congressman and senators) you vote for who took your money and went to Washington, to have a party on your money, and let our dollar go in the trash world wide.
* This post was
edited 04/16/08 07:10pm by Supercharged *
2005 Chev 5.3 Supercharged 395HP 425 T hp. Two wheels on front, 2 on back. one seat, tint windows. front and rear bumpers, headlights, windows. Door on each side. Heater, floor mats, junk behind seats, some dirt. Pulls so hard.
No you are wrong here. The reason they are regulated is not because they are basic but because it costs so much to run the wires and pipes etc they get an agreement to run them and be tho only provider adn then you have to regulate it in a way. now gas can come from anywhere even overseas and be sold by 7 11 or by exxon. If you look closely the refiners are getting killed. Their stock prices are way down while the E and P guys are through the roof. It is the underlying price of oil that is killing us all. It hit 114 today....Wow that will be 5 dollar diesel soon.
On another subject we will see more motorhome manufacturers go belly up too.
pnichols wrote: "In a free market economy you don't institute price controls."
You do for products that are so basic to the whole economic struture that the economy would be subject to painfull wild fluctuations and/or temporary shut downs if increases were not kept well in control - those products are called "utilities".
Electricity comes to mind. Water comes to mind. Garbage disposal comes to mind.
IMHO, gasoline for transportation use (not plastics and other material products) in the US has been in this category for a few decades now and the pricing of it should have been removed from "free market" to controlled, as if it were just like any other vital utility.
John
2001 42' Foretravel U320
2007 Bornfree 24 Painted
2001 Jeep Wrangler
2007 Burgman 650 Executive
Susie and Dolly (Cavalier King Charles Spaniels)
Dolly now in our hearts and thoughts 8-27-05
Doodle a Black and Tan Cavalier
Lolly a Ruby Cavalier
pnichols wrote: A) "Having them pay for us old fogies, probably will hasten the time that they march us down to the local food supplement factory and turn us into food supplement wafers."
Yeah ..... I have Soylent Green in my video library ... it's one of my favorites.
B) "Why does anybody owe you, me or anybody something like this? Why would I want a handout from anybody or any business or any government?"
Then .... under what conditions, if ever, do you think healthy, employed, saving, responsible, normal/above IQ, prudent investor, and lucky citizens of a country owe any of the other citizens something?
Didn't someone (K.....y) approximately say "Ask not what your country can do for you .... but what you can do for your country?"
I think this slogan is superior: "Freely ask what your country can do for you if, and only if, you have first freely given full measure to your country."
That's what pulling together (and "government") is (should be) all about. Every person should give while he is able so that when the time comes that he is not, he can freely receive.
Every man for himself will never work and never has.
I freely gave 4+ years of my life in the service in the late sixties. I have no intent of giving any more, given how I was rewarded by demonstrators. I neither expect nor want from this government anything that I have not paid for. Asking America's youth to pay for my life in my later years I find offensive. If I have failed to plan for my later years that is MY problem, not the youth of America. I DO NOT WANT A HAND OUT, and anybody that expects it, should be ashamed of themselves. America's youth have enough problems without worrying about us old fogies. Haven't we done enough to destroy their lives?
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Seems everybody's out to get the poor oil companies. Getting $35 Billion in tax dollars a year isn't enough from Exxon.......
