Don't Blame Me, I Voted For Kerry Message Board

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Politics : Don't Blame Me, I Voted For Kerry

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To: Dan B. who wrote (76134)	5/9/2006 7:54:54 PM
From: Cogito	Read Replies (1) of 81568

>>The notion that we can tax oil companies and not affect prices (and other things) remains ludicrous no matter how many times A.S. says it. Taxes on gasoline are far greater than oil company profits on gasoline. Please think hard upon the last sentence, keeping in mind the costs of future needed exploration and production. Should government attack oil with further taxes, or should government give back some of its cut?<< Dan - I thought about it. "Taxes on gasoline are far greater than oil company profits on gasoline." That would be a good argument except for one thing. Taxes on gasoline are paid by the consumer. They are added in to the price per gallon at the pump. The oil companies are making record profits, while people are paying record prices. It doesn't take much of an education in economics to see that the oil companies don't need tax subsidies to motivate them to explore for the product on which they make such a high profit. - Allen PS: Oh, and there's another problem with that argument. The oil companies are involved with every step in the oil production line. They make profits on refining, and on the sales of the refined products.

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