shempmcgurk wrote:

>--- In FairfieldLife@yahoogroups.com, Bhairitu <[EMAIL PROTECTED]> wrote:

>
>>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.
>

>
You're wrong.



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