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Author	Topic: [Poll: 2005.47]: Should there be a windfall profit tax on the oil companies wh...	Topic is locked Back to Topics

JT Moderator	Message Posted: Nov 12, 2005 11:01:00 PM Ignore JT Report Abuse Should there be a windfall profit tax on the oil companies when their profits go above a certain amount? Yes No Not Sure Post your thoughts about this poll below.

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Message Posted: Nov 12, 2005 11:01:00 PM

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Should there be a windfall profit tax on the oil companies when their profits go above a certain amount?
Yes
No
Not Sure

Post your thoughts about this poll below.

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Guido4 Champion Author Pensacola Posts:13,059 Points:2,673,290 Joined:Jun 2005	Message Posted: Jul 18, 2006 6:46:46 AM Ignore Guido4 Report Abuse Yes
pkhdonovan Champion Author Maine Posts:12,011 Points:2,705,805 Joined:Sep 2005	Message Posted: Jul 17, 2006 12:22:51 PM Ignore pkhdonovan Report Abuse Yes - and it should be to paying consumers directly.
tblue2005 Champion Author St. Louis Posts:7,325 Points:1,285,095 Joined:Mar 2005	Message Posted: Jul 17, 2006 11:59:48 AM Ignore tblue2005 Report Abuse We don't have to have Starbucks, we do have the have gasoline to use and it affects everyone! I think there needs to be something done about these oil companies makings so much money, its terrible that the low income people have to shell out so much and give it to the greedy oil companies, such a shame!
sandi524 Rookie Author Ohio Posts:22 Points:2,975 Joined:Apr 2006	Message Posted: Jul 17, 2006 11:32:36 AM Ignore sandi524 Report Abuse Yes, Yes, Yes !!! The oil companies are making billions of dollars off of the poor working man.
twowheel Champion Author Austin Posts:13,432 Points:2,889,840 Joined:Oct 2004	Message Posted: Jul 17, 2006 11:03:46 AM Ignore twowheel Report Abuse How about a windfall profits tax on Starbucks? Their product costs a lot less to make than gasoline and costs a lot more per gallon.
throttle Champion Author Maryland Posts:11,982 Points:2,464,695 Joined:Jul 2004	Message Posted: Jul 10, 2006 11:26:46 AM Ignore throttle Report Abuse I don't get it. How will a windfall profits tax result in lower prices for us?
milo Champion Author Calgary Posts:3,129 Points:833,440 Joined:Aug 2001	Message Posted: Jun 26, 2006 8:55:37 AM Ignore milo Report Abuse 199% yes
truckdude Champion Author Twin Cities Posts:3,265 Points:1,333,820 Joined:Feb 2003	Message Posted: Jun 26, 2006 8:32:40 AM Ignore truckdude Report Abuse Yes, but there has to be a plan in place to keep them from passing the increase to the consumer.
wizkids Champion Author Detroit Posts:15,292 Points:2,578,810 Joined:Dec 2005	Message Posted: Jun 22, 2006 6:46:04 AM Ignore wizkids Report Abuse NO NO NO , Let the market do its thing.
Guido4 Champion Author Pensacola Posts:13,059 Points:2,673,290 Joined:Jun 2005	Message Posted: Jun 19, 2006 6:18:59 AM Ignore Guido4 Report Abuse Yes
GreenLuminaAPV Champion Author Akron Posts:3,812 Points:743,165 Joined:Apr 2005	Message Posted: Jun 12, 2006 11:11:20 AM Ignore GreenLuminaAPV Report Abuse yes
BenzineBoy Champion Author Lansing Posts:12,714 Points:2,359,150 Joined:Mar 2006	Message Posted: Jun 12, 2006 10:31:21 AM Ignore BenzineBoy Report Abuse Hell, NO! Companies do NOT PAY taxes! They COLLECT taxes from US and pass them along to the government. The taxes get built into their prices. If their prices are too high, they go out of business. Corporate taxes are a major cause of unemployment.
twowheel Champion Author Austin Posts:13,432 Points:2,889,840 Joined:Oct 2004	Message Posted: Jun 8, 2006 12:59:40 PM Ignore twowheel Report Abuse Should there be a windfall profit tax on Microsoft when their profits go above a certain amount? If you want to drive investment away from future expansion in an industry and make the product more scarce and expensive, then hit the industry with a windfall profit tax.
throttle Champion Author Maryland Posts:11,982 Points:2,464,695 Joined:Jul 2004	Message Posted: Jun 6, 2006 12:06:19 PM Ignore throttle Report Abuse And how will enacting a windfall profits tax reduce the price of gasoline? It might actually increase it, as companies pass on the added costs to gas buyers. Meanwhile, our Congress would squander away any tax proceeds on pork barrel projects.
truckdude Champion Author Twin Cities Posts:3,265 Points:1,333,820 Joined:Feb 2003	Message Posted: May 29, 2006 9:20:48 PM Ignore truckdude Report Abuse Yes
GreenLuminaAPV Champion Author Akron Posts:3,812 Points:743,165 Joined:Apr 2005	Message Posted: May 27, 2006 3:30:50 PM Ignore GreenLuminaAPV Report Abuse YES
.iceman Champion Author Detroit Posts:10,556 Points:2,182,805 Joined:Sep 2002	Message Posted: May 27, 2006 2:27:56 PM Ignore .iceman Report Abuse Of course not.
MetsBeliever All-Star Author Wilmington Posts:584 Points:56,275 Joined:Apr 2006	Message Posted: May 21, 2006 3:54:24 AM Ignore MetsBeliever Report Abuse no
throttle Champion Author Maryland Posts:11,982 Points:2,464,695 Joined:Jul 2004	Message Posted: May 20, 2006 3:30:18 PM Ignore throttle Report Abuse Why? Because it's good economics, or because we're angry?
truckdude Champion Author Twin Cities Posts:3,265 Points:1,333,820 Joined:Feb 2003	Message Posted: May 2, 2006 7:30:36 AM Ignore truckdude Report Abuse Yes
Huntingdog Champion Author Oakland Posts:14,189 Points:2,787,385 Joined:May 2005	Message Posted: Apr 18, 2006 7:39:58 AM Ignore Huntingdog Report Abuse yes
keo Champion Author Colorado Posts:10,261 Points:2,035,815 Joined:May 2004	Message Posted: Apr 18, 2006 7:35:38 AM Ignore keo Report Abuse yes
azcarman Champion Author Phoenix Posts:13,088 Points:2,797,435 Joined:Aug 2003	Message Posted: Apr 18, 2006 7:18:07 AM Ignore azcarman Report Abuse yes
racie17 Sophomore Author Richmond Posts:128 Points:27,415 Joined:Mar 2006	Message Posted: Apr 17, 2006 8:07:32 AM Ignore racie17 Report Abuse yes
knedwin Veteran Author Mobile Posts:277 Points:66,155 Joined:Nov 2005	Message Posted: Apr 10, 2006 8:28:58 PM Ignore knedwin Report Abuse whatever to help us the citizen...
truckdude Champion Author Twin Cities Posts:3,265 Points:1,333,820 Joined:Feb 2003	Message Posted: Apr 6, 2006 8:16:40 AM Ignore truckdude Report Abuse Yes
twowheel Champion Author Austin Posts:13,432 Points:2,889,840 Joined:Oct 2004	Message Posted: Mar 25, 2006 12:02:03 PM Ignore twowheel Report Abuse I think there should be a Windfall Profits Tax on MICROSOFT who has a real monopoly and who makes a much higher return on investment than any oil company.
knedwin Veteran Author Mobile Posts:277 Points:66,155 Joined:Nov 2005	Message Posted: Mar 14, 2006 5:16:08 AM Ignore knedwin Report Abuse not sure...
truckdude Champion Author Twin Cities Posts:3,265 Points:1,333,820 Joined:Feb 2003	Message Posted: Mar 13, 2006 8:37:48 AM Ignore truckdude Report Abuse Yes
goldseeker Champion Author West Virginia Posts:19,550 Points:2,719,790 Joined:Sep 2005	Message Posted: Mar 2, 2006 5:36:01 AM Ignore goldseeker Report Abuse No.
keo Champion Author Colorado Posts:10,261 Points:2,035,815 Joined:May 2004	Message Posted: Feb 27, 2006 7:20:20 AM Ignore keo Report Abuse No Doubt
keo Champion Author Colorado Posts:10,261 Points:2,035,815 Joined:May 2004	Message Posted: Feb 27, 2006 7:20:04 AM Ignore keo Report Abuse YES
CCrow Champion Author Chicago Posts:13,312 Points:2,634,660 Joined:Aug 2005	Message Posted: Feb 27, 2006 7:18:17 AM Ignore CCrow Report Abuse YES
twowheel Champion Author Austin Posts:13,432 Points:2,889,840 Joined:Oct 2004	Message Posted: Feb 26, 2006 5:09:44 PM Ignore twowheel Report Abuse No. Anyone who does not understand the fluctuations in gas prices has not bothered to read the world press and aquaint themselves with world reality. You will not get this information from television because they cannot put it in a ten second sound bite. [Edited by: twowheel at 2/26/2006 6:11:25 PM EST]
CruizerGT Veteran Author Cleveland Posts:369 Points:161,570 Joined:Aug 2005	Message Posted: Feb 21, 2006 6:17:18 AM Ignore CruizerGT Report Abuse Absolutely, I see the wild swing in consumer gas prices w/ no reason. Modern fuel stations make their money on the high profit drinks and snacks just the same as movie theatres. So, the companys supplying the fuel are the ones reaping all the profit. Tax the heck out of them until they fall in line ...
ChiefMonte Champion Author Virginia Beach Posts:1,606 Points:285,395 Joined:Apr 2005	Message Posted: Feb 17, 2006 8:07:45 AM Ignore ChiefMonte Report Abuse The governement has death taxes. The oil companies are killing us, so yes tax them too.
truckdude Champion Author Twin Cities Posts:3,265 Points:1,333,820 Joined:Feb 2003	Message Posted: Feb 17, 2006 8:03:35 AM Ignore truckdude Report Abuse Yes, or they could lower their prices and pass the savings onto the consumer
billparker Rookie Author Denver Posts:13 Points:22,310 Joined:Dec 2002	Message Posted: Feb 13, 2006 10:12:39 AM Ignore billparker Report Abuse I know its late to reply. But the windfall profits tax is a socialistic concept. Take money from one group and give to another. This is also known as communism and we know how that turned out. also think of Robin Hood. A different look: the oil companies averaged a 9% ROI. Google, Yahoo had a 25% Gross Profit. Banks are at 22%. If we have to tax more, make sure you tax all of these 'abusers' of our hard earned money.
GASMISER49 Champion Author Louisville Posts:2,514 Points:464,560 Joined:Dec 2005	Message Posted: Feb 13, 2006 5:49:17 AM Ignore GASMISER49 Report Abuse yes
Fordman08 Champion Author Indiana Posts:1,531 Points:276,120 Joined:Sep 2005	Message Posted: Feb 12, 2006 8:35:51 PM Ignore Fordman08 Report Abuse No, because companies shouldn't have a windfall profit tax. Because if they do have one then they are just going to charge the customer for to break even for windfall profit tax.
Guido4 Champion Author Pensacola Posts:13,059 Points:2,673,290 Joined:Jun 2005	Message Posted: Feb 10, 2006 6:03:47 AM Ignore Guido4 Report Abuse Yes
Kwikdraw Champion Author Minnesota Posts:5,701 Points:1,000,920 Joined:Aug 2005	Message Posted: Jan 31, 2006 12:07:57 PM Ignore Kwikdraw Report Abuse After Exxon's 35 Billion profit quarter I change my past "no" vote to a "yes."
ChiefMonte Champion Author Virginia Beach Posts:1,606 Points:285,395 Joined:Apr 2005	Message Posted: Jan 31, 2006 10:38:27 AM Ignore ChiefMonte Report Abuse A windfall profits tax would be good for the national economy because it would put money back into Gov't coffers. However the average consumer would not see any benefit in gas prices and most likely the tax would be passed down to the consumer anyway. The shareholders would take the hit as well. The only winner would be Washington.
DADDYDOG Champion Author Indianapolis Posts:48,680 Points:2,752,800 Joined:Oct 2005	Message Posted: Jan 28, 2006 12:17:54 AM Ignore DADDYDOG Report Abuse Yes
twowheel Champion Author Austin Posts:13,432 Points:2,889,840 Joined:Oct 2004	Message Posted: Jan 27, 2006 1:01:37 PM Ignore twowheel Report Abuse One assumes that those who vote "yes" are willing to have a windfall profits tax on their own businesses when profits go above a certain amount. We do not discriminate in America do we?
Huntingdog Champion Author Oakland Posts:14,189 Points:2,787,385 Joined:May 2005	Message Posted: Jan 25, 2006 10:19:09 AM Ignore Huntingdog Report Abuse definitely yes!
truckdude Champion Author Twin Cities Posts:3,265 Points:1,333,820 Joined:Feb 2003	Message Posted: Jan 25, 2006 7:41:05 AM Ignore truckdude Report Abuse Absolutely.
Cat 140H Champion Author Saskatchewan Posts:13,778 Points:3,418,045 Joined:Jul 2002	Message Posted: Jan 15, 2006 6:47:59 AM Ignore Cat 140H Report Abuse Yes
tblue2005 Champion Author St. Louis Posts:7,325 Points:1,285,095 Joined:Mar 2005	Message Posted: Jan 11, 2006 12:40:47 AM Ignore tblue2005 Report Abuse I think so. I think the oil companies made too much money for something that is a important to us. We all need fuel to get back and forth to work and some people drive for a living, it was a huge tax on us when they brought up the prices like they did after the hurricanes hit.
macsurety Rookie Author Allentown Posts:88 Points:20,920 Joined:Nov 2005	Message Posted: Jan 10, 2006 10:16:42 PM Ignore macsurety Report Abuse I see a flurry of recent support for a windfall profit tax. To those of you in support I would ask the following: why do you support this? what is a 'windfall'/how would you measure a windfall? how would this help? I don't see how more taxes answers any problems. I would expect that you would then willingly support a 'windfall' profit on the gain that you'll realize when you sell your house? Real estate has seen extraordinarily strong appreciation over the past few years. I gather that if you claim it is only fair to re-distribute the wealth of the oil company owners (i.e. probably you by way of your 401(k) investments, actually), then it must correspondingly be fair for us to re-distribute the outsized gains you'll see from real estate. After all, a home is a necessity. It's only fair, right?
Kypreos Sophomore Author New York Posts:243 Points:193,555 Joined:Jun 2005	Message Posted: Jan 10, 2006 9:44:51 PM Ignore Kypreos Report Abuse YES
247lookout Champion Author Virginia Posts:4,236 Points:899,405 Joined:Sep 2005	Message Posted: Jan 10, 2006 5:48:44 PM Ignore 247lookout Report Abuse Yes