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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: PROLIFE who wrote (121632)4/27/2008 9:24:55 PM
From: Kevin Rose  Read Replies (1) of 173976
 
Gas is something that nearly everyone in the US uses (besides a few tree huggers living deep in the woods). I would assert that out-of-line profits of oil companies act as a tax on the lower classes to the benefit of the upper classes. Why? Because, especially with $4 gas, lower income classes use a higher percentage of income on gas than upper income. Additionally, many lower class (and today, even middle class) do not benefit from the dividends paid by Big Oil - simply because they don't have as much disposable income to invest as upper income class people.

Additionally, oil companies won't even reinvest enough to properly maintain their refineries. There has been an increase in the rate of accidents at refineries, and studies have shown an alarming lack of investment in safety equipment and upkeep.

So, redistribution of some of the profits from upper income folk into reinvestment in both new technology and existing infrastructure seems to make perfect sense.
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