Unintended Consequences.

[WillowTree]

Oil companies in the U.S. are set to have a record Q1, with earnings surging by 50% year-over-year at the world's biggest company, Exxon Mobile, according to the Wall Street Journal

pay attention dim wit,, the question at hand is "what would the consequences of closing tax loopholes for big oil be?" did you write that down?



we will await your illustious answer.

You would have to pay a bit more for gasoline. So what? Look at it this way; you always scream that you should not have to pay to support one program or another because you don't receive a direct benefit from it. So what about those who don't drive? Why should they have to pay taxes that go to subsidize companies from which they receive no direct benefit? And why should someone who drives minimally have to pay the same amount in taxes to support big oil companies as someone who drives a great deal?

You use this argument all the time for welfare that you don't like or don't receive a benefit from, but you will support others paying for things that you do benefit from even if they don't.

so this means then that you believe those of us without children should not have to pay a penny towards education? I'd say that's a fair trade off. I'll pay more for my gasoline and you pay for education. We sir, have a compromise.

 

[kaz]

Hey douchenozzle, how about we close 'em and find out?

So shit-for-brains, how come people on unemployment get cut off when they get a job?

How about we stop subsidizing oil companies and start subsidizing alternative energies more? Just imagine what we could do with those billions in oil subsidies...Solar power for all federal buildings? An electrical car grid? Hydrogen and solar power for public agencies? The possibilities are endless...

Seriously, you think taking less of what an oil company makes is equivalent to cutting off someone's government check of someone else's money? And you libbies always get upset when I keep pointing out your ideology is Marxist. Which it is. The Communist manifesto is exactly what the Democrats advocate. Read the planks and it's the Democratic party platform. That doesn't mean Soviet Union who did a lot of things that weren't in the Communist Manifesto. But your ideology is dead on Marxist.

Sorry, just not seeing the difference between welfare and corporate welfare. It should stop if you are making money, period. How are these subsidies "free market principals"?

There are two big differences.

1) Corporate taxes are already double taxes as the shareholders are taxed on the profits when they realize them. So the money is taxed.

2) What you call corporate welfare are tax cuts, taking less of their profit away from them. Welfare is actually giving someone someone else's money.

And yet after saying this, you support welfare and not what you call "corporate welfare" while saying they are the same.

 

[shintao]

We should be charging oil companies the kind of royalties they have to pay around the world,

fuck the subsidy, that's where we're really losing money.

Where we are losing money is letting Big oil sell us our own oil, instead of instituting National oil, running it ourselves, and paying about a $1.00 gallon for it.

duz you have the infrastructure to extract, refine and deliver? duz ya? if ya duz why did your presidente close down the gom and give 20 billion to brazillle and then promise to buy all they oil?

Current no, so what is your problem with that? Could you not of taken a trillion if necessary and built your infrastructure and bought out Big oils equipment setting on our lands? Any business requires capital to start. But the returns will be fantastic. Boost the economy, lower consumer product prices, compete with foreign countries again, provide cheaper energy prices, put more money in commuters pockets to spend on other products and services. Anyone who wants big oil & the skinning they give us on our own oil is a fucking idiot.

 

[WillowTree]

Where we are losing money is letting Big oil sell us our own oil, instead of instituting National oil, running it ourselves, and paying about a $1.00 gallon for it.

duz you have the infrastructure to extract, refine and deliver? duz ya? if ya duz why did your presidente close down the gom and give 20 billion to brazillle and then promise to buy all they oil?

Current no, so what is your problem with that? Could you not of taken a trillion if necessary and built your infrastructure and bought out Big oils equipment setting on our lands? Any business requires capital to start. But the returns will be fantastic. Boost the economy, lower consumer product prices, compete with foreign countries again, provide cheaper energy prices, put more money in commuters pockets to spend on other products and services. Anyone who wants big oil & the skinning they give us on our own oil is a fucking idiot.

we don't have a trillion, your presidente pissed it away.

 

[shintao]

As I sat listening to the debates yesterday the liberal talking points were adhered to by each and every single member of the dimocrat party. One of their main issues stated is that "The Republicans want to give tax loopholes" to big oil companies.. okay so supposing that is correct, what would the consequences be if such loopholes were closed?




I know the answer. Do you?

OK Comrade Willow, you claim to know, so now that we have given you the answers, tell us what the consequences would be if loopholes were closed?

 

[shintao]

duz you have the infrastructure to extract, refine and deliver? duz ya? if ya duz why did your presidente close down the gom and give 20 billion to brazillle and then promise to buy all they oil?

Current no, so what is your problem with that? Could you not of taken a trillion if necessary and built your infrastructure and bought out Big oils equipment setting on our lands? Any business requires capital to start. But the returns will be fantastic. Boost the economy, lower consumer product prices, compete with foreign countries again, provide cheaper energy prices, put more money in commuters pockets to spend on other products and services. Anyone who wants big oil & the skinning they give us on our own oil is a fucking idiot.

we don't have a trillion, your presidente pissed it away.

Wny sure we have it Comrade, we just turn the printing press on.

 

[WillowTree]

As I sat listening to the debates yesterday the liberal talking points were adhered to by each and every single member of the dimocrat party. One of their main issues stated is that "The Republicans want to give tax loopholes" to big oil companies.. okay so supposing that is correct, what would the consequences be if such loopholes were closed?




I know the answer. Do you?

OK Comrade Willow, you claim to know, so now that we have given you the answers, tell us what the consequences would be if loopholes were closed?

you have given no answers.. communist

 

[Antiderivative]

Can someone please back up their claim and post oil subsidies? I am highly interested in this fact or non-fact.

From my understanding, big oil is not like sugar and corn--who we make multi-billionaires out of our protectionists policies and subsidies.

 

[shintao]

Seriously, you think taking less of what an oil company makes is equivalent to cutting off someone's government check of someone else's money? And you libbies always get upset when I keep pointing out your ideology is Marxist. Which it is. The Communist manifesto is exactly what the Democrats advocate. Read the planks and it's the Democratic party platform. That doesn't mean Soviet Union who did a lot of things that weren't in the Communist Manifesto. But your ideology is dead on Marxist.

Sorry, just not seeing the difference between welfare and corporate welfare. It should stop if you are making money, period. How are these subsidies "free market principals"?

There are two big differences.

1) Corporate taxes are already double taxes as the shareholders are taxed on the profits when they realize them. So the money is taxed.

2) What you call corporate welfare are tax cuts, taking less of their profit away from them. Welfare is actually giving someone someone else's money.

And yet after saying this, you support welfare and not what you call "corporate welfare" while saying they are the same.

I see no difference.
1.People paid taxes into the system for their own hard times, such as a need for welfare.
2.Corporate aid is Las Vegas Casinos & Montana ski lodges paying 1/2 for energy costs, and it is the same thing.

 

[WillowTree]

Can someone please back up their claim and post oil subsidies? I am highly interested in this fact or non-fact.

From my understanding, big oil is not like sugar and corn--who we make multi-billionaires out of our protectionists policies and subsidies.

tell us again who's idea it was to subsidize corn. and why?

 

[shintao]

As I sat listening to the debates yesterday the liberal talking points were adhered to by each and every single member of the dimocrat party. One of their main issues stated is that "The Republicans want to give tax loopholes" to big oil companies.. okay so supposing that is correct, what would the consequences be if such loopholes were closed?




I know the answer. Do you?

OK Comrade Willow, you claim to know, so now that we have given you the answers, tell us what the consequences would be if loopholes were closed?

you have given no answers.. communist

You don't read your own threads Commie.

 

[8537]

Higher oil prices, more jobless and government dependents which is exactly what the democrat authoritarian communists want.

.

Let me guess: you call yourself a capitalist, right?

Yes, its the only model that works.

and you also support subsidizing our biggest industries.

So I guess we'll call you a "capitalist" conservatarian.

 

[shintao]

Can someone please back up their claim and post oil subsidies? I am highly interested in this fact or non-fact.

From my understanding, big oil is not like sugar and corn--who we make multi-billionaires out of our protectionists policies and subsidies.

Don't be so lazy-fare lame-ass, Google is just a click away, or do you need lessons in how to search?

10 sec. search....................

"Three weeks ago, the Senate rejected a proposal to eliminate about $35 billion in tax subsidies to oil companies..."
http://www.americanprogress.org/issues/2010/07/big_oil_spigot.html

"For example, BP, which rented the drilling rig from Transocean corporation, used a special tax break to write off 70 percent of the rent it paid. Seventy percent! This deduction added up to a savings of $225,000 a day for BP [British Petrolium]."

"Transocean deliberately moved its corporate address offshore in 1999 in order to dodge its tax obligations to our country. First it relocated from Houston to the Cayman Islands, then to Switzerland – slick moves that have allowed the giant corporation to avoid paying $1.8 billion in U.S. taxes."

Jim Hightower | BIG OIL'S GUSHER OF SUBSIDIES

"In fact, there are at least nine different subsidies that the U.S. government gives to the oil industry, including refunds for drilling costs and refunds to cover the cost of searching for oil."

"Oil companies can even apply one subsidy to the cost of tertiary injectants -- which increase the amount of oil that can be extracted from a well -- essentially "giv[ing] companies government money for acting in ways that will enhance their profits.

"The Close Big Oil Tax Loopholes Act, "which would eliminate nearly $20 billion worth of big oil tax subsidies."

Energy -- Big Giveaways To Big Oil


"eliminate nine different tax expenditures that primarily benefit oil and gas companies. Cutting these special tax deductions, preferences, and credits would save the government about $45 billion over the next 10 years."

Eliminating Tax Subsidies for Oil Companies

 

[8537]

Just think, if we subsidized everything we could drop all prices! I recommend starting with beer subsidies - but only for craft brewers, none of that mass-produced crap.

Is this one of those "we have to abandon capitalism in order to save capitalism" conservatarian canards?

Well said. Why not have the government pay all the oil companies operating expenses? Hey, after all, that would permit them to lower their cost to the consumer were they so inclined, would it not?.

Brilliant! Can we do the same for makers of Patron?

 

[shintao]

Can someone please back up their claim and post oil subsidies? I am highly interested in this fact or non-fact.

From my understanding, big oil is not like sugar and corn--who we make multi-billionaires out of our protectionists policies and subsidies.

tell us again who's idea it was to subsidize corn. and why?

You get a gold star. Nationalize oil Comrade Willow.

 

[8537]

What subsidies do big oil get? I could be wrong, but they receive tax credits, which is different than subsidies.

I am interested in big oil subsidies, so please support your claim.

First of all, a tax credit is a subsidy.

Secondly, the oil companies also receive a direct subsidy - a certain amount per barrel extracted from high-cost sources, for example.

No its NOT...

The only possible way for a tax credit to be a subsidy is to believe the government ALLOWS individuals and corporations to keep their money.

These individuals are creating the fucking wealth dummy - its their money not the governments money...

The government doesn't own our wealth as a nation..

This is why democrats are fucking stupid and communists.

My gawd the radio has taught you well!

A tax credit is a subsidy. Look at this way: You and your neighbor both own identical houses, with the exception of garage doors: Yours is white while his is tan. You both pay $4,000 per year in property taxes.

The city passes an ordinance stating that people with tan garage doors will now only pay $3,000 in property taxes.

Your neighbor's disposable income increases by a $1,000 because he is complying with the behavior - and then, all new homes start getting tan doors because they know they'll have $1,000 in additional disposable income thanks to government. In other words, the activity of having a tan garage door is being subsidized by government.

But it gets better! Because people who own really cheap homes and pay less than $1,000 in taxes will start receiving a check from the government if they paint their door tan!

 

[Mr.Nick]

First of all, a tax credit is a subsidy.

Secondly, the oil companies also receive a direct subsidy - a certain amount per barrel extracted from high-cost sources, for example.

No its NOT...

The only possible way for a tax credit to be a subsidy is to believe the government ALLOWS individuals and corporations to keep their money.

These individuals are creating the fucking wealth dummy - its their money not the governments money...

The government doesn't own our wealth as a nation..

This is why democrats are fucking stupid and communists.

My gawd the radio has taught you well!

A tax credit is a subsidy. Look at this way: You and your neighbor both own identical houses, with the exception of garage doors: Yours is white while his is tan. You both pay $4,000 per year in property taxes.

The city passes an ordinance stating that people with tan garage doors will now only pay $3,000 in property taxes.

Your neighbor's disposable income increases by a $1,000 because he is complying with the behavior - and then, all new homes start getting tan doors because they know they'll have $1,000 in additional disposable income thanks to government. In other words, the activity of having a tan garage door is being subsidized by government.

But it gets better! Because people who own really cheap homes and pay less than $1,000 in taxes will start receiving a check from the government if they paint their door tan!

No its not - not when you pay the government when its all said and done.

 

[kaz]

There are two big differences.

1) Corporate taxes are already double taxes as the shareholders are taxed on the profits when they realize them. So the money is taxed.

2) What you call corporate welfare are tax cuts, taking less of their profit away from them. Welfare is actually giving someone someone else's money.

And yet after saying this, you support welfare and not what you call "corporate welfare" while saying they are the same.

I see no difference.
1.People paid taxes into the system for their own hard times, such as a need for welfare.
2.Corporate aid is Las Vegas Casinos & Montana ski lodges paying 1/2 for energy costs, and it is the same thing.

I know you don't see a difference. All money is the people's money. Not taking someone's money is the same as giving someone someone else's money. Which is why I'm pointing out you're a Marxist. Dude, you really are. Just be honest.

 

[8537]

No its NOT...

The only possible way for a tax credit to be a subsidy is to believe the government ALLOWS individuals and corporations to keep their money.

These individuals are creating the fucking wealth dummy - its their money not the governments money...

The government doesn't own our wealth as a nation..

This is why democrats are fucking stupid and communists.

My gawd the radio has taught you well!

A tax credit is a subsidy. Look at this way: You and your neighbor both own identical houses, with the exception of garage doors: Yours is white while his is tan. You both pay $4,000 per year in property taxes.

The city passes an ordinance stating that people with tan garage doors will now only pay $3,000 in property taxes.

Your neighbor's disposable income increases by a $1,000 because he is complying with the behavior - and then, all new homes start getting tan doors because they know they'll have $1,000 in additional disposable income thanks to government. In other words, the activity of having a tan garage door is being subsidized by government.

But it gets better! Because people who own really cheap homes and pay less than $1,000 in taxes will start receiving a check from the government if they paint their door tan!

No its not - not when you pay the government when its all said and done.

So then, the subsidies we pay to large ethanol producers aren't subsidies because, well...because they pay more in taxes than they receive in subsidy?

Food stamps aren't a subsidy if the mother is working and contributing more in FICA taxes than she receives in benefits?

Subsidized student loans aren't a subsidy because they get paid back with (very low) interest?

 

[kaz]

Well said. Why not have the government pay all the oil companies operating expenses?

So government not taxing their expenses is actually paying their expenses. Every time I think a liberal can't get more stupid you prove me wrong. You set a high bar, Cuyo.