>
> shempmcgurk wrote:
>
> >--- In FairfieldLife@yahoogroups.com, Bhairitu <noozguru@> 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.
>
...only the 11% we are talking about has nothing to do with Return
On Investment. It has to do with margin, which is a percentage of
revenue, and has nothing to do with Return On Investment.
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