Re: [MLUG - DISCUSSION] [politics] Hilllary - Oil Profits

["Vern Green" <EMAIL:PROTECTED>]

Well, if you make enough money to have a retirement fund, then you need to pay more in taxes so I can have a retirement fund too.

On 2/2/07, Mike Miller <EMAIL:PROTECTED> wrote:

On Fri, 2 Feb 2007, Jerry Gamblin wrote:

>> My understanding is that windfall profits have always been taxed in
>> special ways and the thing that was unusual last year is that congress
>> voted not to tax the oil companies.  Why didn't they do it.
>
> If these profits were really windfall profits it would be different. The
> market is an open market so calling it a windfall profit tax is wrong,
> if you want to call it an excess profit tax that would be different.
>
> http://en.wikipedia.org/wiki/Windfall_profits_tax
> http://en.wikipedia.org/wiki/Excess_profit_tax

I'll look at that.


>> Oil is very special.  It involves all kinds of complex agreements among
>> nations and the US government is *very* heavily involved in maintaining
>> international relations so that the oil companies can do their
>> business. This "maintenance work" includes, but is not limited to,
>> warfare.  It is quite alright for the US governmnent to limit oil
>> company profits.
>
> The US Government has worked very hard to make the Higher Education
> System in America one of the most respected in the world. Would it be OK
> for them to Tax your earnings at a higher rate since you have profited
> from that?

They made me pay.  That wasn't enough?


>> Republicans are supported by energy industry sponsors, so it is no
>> wonder that they don't wish to limit corporate profits -- the money is
>> partly theirs.  Is that corruption?  Maybe, in a way, but it is not
>> illegal, unfortunately.  It is very damaging to our country and to the
>> world.
>
> Have you checked your IRA's and retirement funds? Most retirement funds
> are heavily invested in the energy market so you could be banking your
> future on the same people who back Republicans!

That's quite possible.  It can get worse.  Check this one out:

http://www.vicefund.com/

They're doing well:

http://finance.yahoo.com/q?s=vicex

Mike

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-- 
Thanks
F Vernon Green 
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