He’s oh so upset at the government apparently somehow making money off of the oil industry’s record profits. Or something.
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Stick Up For Those Who Need It
Before anybody sneaks in here with any blather about fuel taxes, here is Transportation Secretary Mary Peters last year after the Minnesota bridge collapse on where that revenue is spent –
MARY PETERS: You know, I think Americans would be shocked to learn that only about 60 percent of the gas tax money that they pay today actually goes into highway and bridge construction. Much of it goes in many, many other areas.
[SNIP]
(Peters later says that the other forty percent funds earmarks)
GWEN IFILL: Aren’t many of those projects, even though they’re special interest projects, aren’t they roads and bridges, often?
MARY PETERS: Gwen, some of them are, but many of them are not. There are museums that are being built with that money, bike paths, trails, repairing lighthouses. Those are some of the kind of things that that money is being spent on, as opposed to our infrastructure.
Well then shouldn’t the answer be to get rid of earmarks?
I guess it’s just a different way of thinking, that when someone makes a large amount of money the government is entitled to take a bunch of it.
Progressive taxation, or, you know, the system we currently use in the U.S., or used to, anyway.
God, cons are such teh smartones.
Bill…
I was referring to the sense of alarm at the record profits, and the idea vocalized by some that there should be some sort of surcharge or punitive tax. It reminds me of the big tobacco settlements a few years ago…all the hand wringing when people realized what a 30% attorney’s fee on a multi-billion dollar settlement was going to add up to.
I guess it’s just a different way of thinking, that when someone makes a large amount of money the government is entitled to take a bunch of it.
Yeah, well we tried taking money from companies that were losing money, but it didn’t work out so good.
From Charles Gibson’s interview with the CEO of Exxon/Mobil, Rex Tillerson…
So if their profits are obscene, what does that make the taxes they pay?
Oh, so Mr. Tillerson took time out from counting his $21 million to play the violin?
I’m sorry you can’t be bothered to see the other side of an argument, Oliver.
Not that I’m surprised that a narrow minded hack like yourself has never been bothered.
I’m also sorry that you don’t understand simple economic principles like supply and demand.
I’m also sorry that I don’t understand simple economic principles like public financing.
Fixed.
I’m sorry you can’t be bothered to see the other side of an argument, Oliver.
He sees it just fine, it’s just stupid.