PubliusInfinitum
Rookie
- Aug 18, 2008
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- Banned
- #141
I hear what you are saying and I acknowledge that the redistribution of wealth has always been part of their state consitituion.
The point I was making is that in 2007 Palin INCREASED those taxes on oil companies above and beyond what was already in place, basically changing the rules mid-stream.
Whether we want to call it taxes or royalties, when Palin noticed the oil companies were pulling in higher profits she instituted policies to get more money than originally agreed upon.
Why is that any different than Obama's plan? As McCain has stated numerous times, he is against windfall taxes which is exactly what Palin pushed through in Alaska.
Remember, I'm not referring to the original agreement, I'm talking about her calling a special legislative session in order to get more money from the oil companies above and beyond the original agreement.
It sure smells like this program is raising taxes on the wealthy (oil companies) to give the less fortunate (citizens).
It's different because it's not a royalty on the oil being drawn out of federal lands, based upon the State's constitution... Based upon long standing agreements, it's tax...
It's different because it' the Federal Government of the United States, not a state government;
It's different because The US Government taxes Oil companies in innumerable ways, while Alaska sells the oil companies the right to explore for energy in in their state and requires them to pay royalties on production... Alaska does not tax their income, Alaska does not tax their sales; Alaska only asks that oil companies pay for what they take out of Alaska and for fixing what they tear up in the process...
As to Governor Palin raising the royalty... I damn well expect she did. In my experience any product which finds itself realizing massive increases in profitability at retail, will inevitably realize exponential increases up and down the supply chain that supports that product. You can believe that Oil Companies are paying more for everything...
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