Tax On Windfall Profits Would Be Double Dipping

Crossposted @ www.greenmountaindaily.com


At no point am I a fan of the oil companies, or many of the foreign governments/cartels behind them. As far as I’m concerned they’re drug dealers on a much larger scale. They got our whole planets economy hooked on their stuff, and eliminated any threats of competition to it. They suppressed technology and inventions to get us where we are today; between a rock and a hard place. Nobody, not even governments are strong enough to stand up to them.

That said I strongly feel that the United States is very much in the wrong by trying to tax oil companies windfall profits. That is, while they’re still taxing us at the pump. It’s clearly double dipping; tax users, and tax the suppliers. Where does the taxing end?

Guess what, peoples wages aren’t going up, and because of the high prices people are driving less. Time for the state and federal governments to wake up! Time to find a new way to pay for roads and bridges because the projections won’t ring true, the budget shortfalls are coming; plan for it NOW. End the regressive tax on gasoline, the incentive to cut down on use is already there!

If you want to make a windfall profits tax, make it across the board for ALL corporations. Why single out the oil companies, and leave the war profiteers like Halliburton off the hook? Any companies that make an excess percent of their normal profits, has to pay a certain amount of that percent to the government. It’s simple. Use this money to pay for state and federal infrastructure needs like bridges and roads, and pay off the national debt. If it goes into the general fund it will just get eaten up by pork projects, and these don’t help the nation.

These are tough times, and they’ll only get tougher ahead. Our nation needs to stop, assess, think, plan, and act. By having a little foresight and acting now, we can get our country back on track. We need to wrestle it back from the grasp of greedy corporations and foreign governments/cartels!