>--- In FairfieldLife@yahoogroups.com, Bhairitu <[EMAIL PROTECTED]> wrote:
>
>
>>shempmcgurk wrote:
>>
>>
>>
>>>I love the way people are so angy with the oil companies.
>>>
>>>I myself think that the oil companies should embark on a campaign
>>>
>>>
>of
>
>
>>>purposely gouging consumers.
>>>
>>>Let the price go up to $7.00 a gallon! Ha-ha!
>>>
>>>It will only be then that people will start to use less and dump
>>>
>>>
>their
>
>
>>>gas-guzzling SUVs.
>>>
>>>And, most importantly, we can get around to developing
>>>
>>>
>alternative
>
>
>>>fuels.
>>>
>>>Can't do it without the $7.00 a gallon price...
>>>
>>>
>>>
>>>
>>>
>>I would like to see a windfall profits tax on the oil companies.
>>
>>
>
>
>
>Personally, I think a 40% corporate tax rate is windfall
>enough...FOR THE GOVERNMENT!!!!!
>
>Exxon made a profit of $36 billion last year on sales of $328
>billion. That's about 11 cents profit on each dollar of
>revenue...hardly a "windfall".
>
>So under which circumstances, Bhairitu, would your windfall profits
>tax kick in???
>
>
>
Another thing: in business an 11% return on your investment would be
considered good nowadays. There is a simple rule in business that if
you can't make any more money on your investment than just leaving it in
a bank it isn't worth doing.
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