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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (375566)4/11/2008 9:33:27 PM
From: TimF  Read Replies (1) of 1573954
 
So I guess competition between oil companies does not have any effect on price... it's just 'what they can sell it for"?

Its what they can sell if for in a competitive market.

If you raise the price for the consumers, the supply and demand curves intersect at a different point.

Ever see the profit margins for grocery stores? The government probably takes 10X their profits... if they make a profit at all. How about excise taxes on those hugely profitable airlines?

In other words, so what?

The government profits more from the industry than the industry itself does. That's objective fact. The significance of that fact is subjective, apparently you consider it very low. But it would at least make the idea of "windfall profits taxes" rather questionable, when the real windfall goes to the government.
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