@EsquireFrance has been a nation a longer than the U.S (in one form
or another.) In fact, a lot of nations have existed longer than we have. Why,
then, has the United States FAR exceeded anything any other nation could dream
of? Why have the biggest inventions, which have benefited the entire world,
come from America? Because of capitalism. If socialism and soaking the rich
worked, these nations would be the ones turning out the production and
innovation. They aren't and the never will.
From recent petroleum institute paper:Contrary to what some in
politics and the media [and on this thread] have said, the oil and natural gas
industry currently enjoys no unique tax credits or deductions. Since its
inception, the US tax code has allowed corporate tax payers the ability to
recover costs and to be taxed only on net income. These cost recovery
mechanisms, also known in policy circles as “tax expenditures”,
should in no way be confused with “subsidies”, i.e., direct
government spending.So, is it just me or does it seem like a bad
idea to increase taxes on one of the few industries left in the US that still
actually employs Americans and at a time when gas prices are over $4 a gallon?
Do you think those costs would not get passed on to the consumer?
@Esquire - C'mon! Its important to keep facts at the forefront
when attempting to make a point.1. Have you looked at the per
gallon government tax rates at the pump lately?2. Do you know how much
profit oil companies make per gallon of sold gasoline?3. Do you know what
these "subsidies" you speak of are even for?Gather
'round class.1. The latest tax I have seen at the pump is 47
cents per gallon.2. Oil companies operate at around a 7-9 cents per
gallon profit margin. Who is making out like bandits here? Oil
companies or the government?3. Current tax code allows tax companies
to deduct expenses associated with research, development and drilling.
Typically oil companies hit oil 1 out of every 5 drilled attempts. That is an
80% failure rate. The allowance of the deduction of this expense is an
incentive to continue researching, developing and drilling. I know you would
probably like to see oil companies fail - but this allows them to more
efficiently keep going. If you don't think that is fair - I don't
want to see you submitting a mileage expense form to your company's
So much for Obama supporters claims that what he is doing in America is nothing
like what a Socialist leader would do...
President Obama whispering to the French President... "When my election is
over... I won't have to face the electorate again and will have more
freedom to do this to MY people too".
WOW... what a NEW idea!!!I wonder if he got it from President Obama?
@ patriot, my experience in and with government over 30+ years tells me you
write utter nonsense. If the right wing was honest, they would support the
President in abolishing oil company subsidies, but they don't. This only
scratches the surface of the hypocrisy of the right wing/Republicans. They want
more spending on their pet projects. Socialism is more rampant for corporations
than for the middle class citizens of this country. You can spout right wing
rhetoric all you like, but the facts are quite another thing.
@patriot, nice conspiracy theory you've got there.
re:EsquireI think it would be helpful for you to educate yourself
regarding Obama's policies for the past 3+ years as well as his CZAR
appointments and other cabinet members many of which are either outright
socialists or even declared communists in the case of Van Jones - the framer of
Obamacare. Even casual observers understand the intent of Obamacare as nothing
more than a gateway into full socialism - Ronald Reagan warned of this nearly 40
years ago.... Barack Obama IS a socialist - yes I'm afraid much much more
than just a progressive. Everything about his man screams socialism including
his closest associates (George Soros and others). It would be honest of the man
to at least stop hiding from the title of socialist and start embracing it like
this character in France who is running for president. Obama is a wolf in
sheep's clothing - nothing more...
Mountainman: France is already hurting economically. France has not balanced its
books since 1974. Public debt stands at 90% of GDP and rising. Public spending,
at 56% of GDP, gobbles up a bigger chunk of output than in any other euro-zone
country—more even than in Sweden. The banks are undercapitalised.
Unemployment is higher than at any time since the late 1990s and has not fallen
below 7% in nearly 30 years. This idea is foolishness at several
levels, not the least of which is that the rich French will likely flee across
the channel to Britain where they will be taxed at only 45%.
Did you see 60 Minutes last Sunday? The story about the art collectors? If
ever there was a good justification for increased taxes on the rich, that was
it. They aren't reinvesting in the economy to create jobs. Be honest
about it. Where is the social contract? The advocates of unfettered capitalism
love to roll out Adam Smith, but Adam Smith would roll in his grave. The
prophet of capitalism is now Ayn Rand, and that is what could lead to more bad
for society than socialism ever will. If you don't want socialism,
don't set up the conditions for it by out of control, selfish, narcissistic
capitalism and consumption. Keep things up as they are going, and socialism or
worse will surely come. Go back and read what Adam Smith said about the
concentration of wealth.And those of you who think the President is
a socialist, get an education. He is far, far from it.
If this man is elected, France’s economy will plummet! Why? #1: Its a
class warfare scam to get uneducated people to vote for you so they can get
entitlements for free! #2: The poor pay no taxes already so this is just a scam
to raise taxes on EVERYONE as increased taxes always filter down and creates
inflation. #3: When the government confiscates more money, that’s less
money available for investment into creating wealth, jobs and more taxpayers so
tax increases always defeats it purposes for everyone! #4: The wealthy just move
their wealth off shore, like Swiss banks or elsewhere or the tax base goes away
leaving only those who pay no taxes! This “tax the rich” scam has
been tried before and it always fails leaving poverty, suffering and economic
chaos. America is already in moving into the latter stages of this inevitable
economic collapse as evidenced by our huge national debt, trying to pay for all
the entitlements and all the taxes on the rich will never solve our economic
problems. But “tax the rich” does get votes, for a little while!
"Its not a question of return" he said, "its a question of
morality". Replace morality with fairness and you have Barack
Obama. At least the French candidate admits he is a socialist.