When is Big Too Big

Discussion in 'Politics' started by Flopper, Jul 5, 2010.

  1. Flopper
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    Flopper Gold Member Gold Supporting Member Supporting Member

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    For 2008 Exxon reported earnings of 45.2 billion dollars. That is more than the Gross National Product of 60% of the nations on earth. They have the financial resources to actually purchase small countries. BP reported profits of 20 billion, General Electric 17 billion, Wal-Mart, 13 billion, etc… The power these huge corporations have is unimaginable. They are able to buy off legislators, regulators, and completers. If air pollutions laws are a problem in US, they can build their plant in Mexico. For cheap labor, there is India and Bangladesh where there are little or no worker safety or child labor laws to worry about. If we enact legislation that limits derivative trading, the big banks just move there trading operation abroad. I don’t know the solution but if we don’t come up with something, what little control voters have over their government is going to disappear.

    http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)
    Exxon Mobil Reports Record $45.2 Billion Profit For 2008
     
  2. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    If a company earning $45.2B is too big, a government that spends more than $4T is certainly far too big.

    Just sayin'.
     
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  3. Old Rocks
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    Old Rocks Diamond Member

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    Ain't the gobermint that poisoned the Gulf.
     
  4. Flopper
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    Flopper Gold Member Gold Supporting Member Supporting Member

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    When they get full control of the government, they'll take care that little problem.
     
  5. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Too big? Here's too big.... promises made to the American people... $100 Trillion. If you confiscate every dime of wealth from every man, woman, child and company in America.... $50 TRILLION.

    Time for reality folks. What's been promised is too big to deliver. Time for some individual responsibility.
     
  6. hortysir
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    hortysir In Memorial of 47

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    Always with the big numbers.

    Shock value (period)

    Now show the profit margin, in percentages, then we'll talk.
     
  7. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Profit margins? What?
     
  8. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Oh, Exxon... yeah.. I think lipstick has a bigger margin that petroleum products. Dead serious.
     
  9. daveman
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    daveman Diamond Member

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    I can't find anything for oil quickly, but here's a breakdown of gasoline:

    Based upon a $3.00 gallon of gasoline, the average break-down is as follows.

    Gasoline Retailer $.01 cents per gallon
    Oil Company $.08 cents per gallon
    Refining $.29 cents per gallon
    Marketing/Distribution $.32 cents per gallon
    Taxes $.59 cents per gallon
    Cost of crude $1.71 per gallon (delivered)​

    The government makes more on gasoline than the gas company does.
     
  10. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    How dare you!!!!
     

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