Putting it into perspective, Exxon earned $114 million per day in the second quarter. That’s $79,000 per minute or $1,300 per second.
Thank God no American cities have recently been destroyed that need to be rebuilt, otherwise we’d have to think about taxing such egrigious profits in a time when gas costs over $3 gallon.
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A government which taxes companies for making obscene profits should be required to subsidize them when they take obscene losses.
IMO, no government should do either.
Yeah, but we do all the time in the form of corporate welfare.
I know we’re on different pages on this topic, but I can’t see how it’s proper that the government helps major corporations make kajillions of dollars of profit while slashing taxes. When the greedy happily take with both hands, no one wins. Except them, of course.
The world is in crisis, oil prices are going up, gasoline prices are going up, families and households are desperate to figure out how to buy gasoline especially if there are no mass transit alternatives — and it’s the oil companies that are making huge profits? Sorry, that doesn’t work. Either the oil/gasoline costs more or it doesn’t. Just saying that the price is raised above and beyond what the higher oil costs go, in order to reduce demand of a scarce resource, doesn’t work in a country where the price rise doesn’t affect the demand for getting to work or cover emergency services or move those crops around. It just makes certain people more money.
I don’t object to business making money, I don’t object to businessmen making money. But it sure is nice when someone has the courage and sense to say, “gee, that’s enough.” (grin)
Dr. Phil