SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Alighieri who wrote (622640)8/3/2011 3:54:36 PM
From: i-node1 Recommendation  Read Replies (2) of 1579785
 
>> asking obscenely profitable american companies to pay a fair share of taxes

And I suppose YOU are the person to determine what "obscenely profitable" is or what exactly is a "fair share"?

The oil companies are obscenely profitable because people all over the world burn a lot of gasoline and there are only five companies making most of those profits. Do you think IBM is obscenely profitable? What about Microsoft or AAPL?

>> I will tell you precisely that...a rational argument can be made that big oil can and should pay higher taxes . . . there is no conflict with national interests when a company like GM succeeds.

This is utterly stupid. Who builds the vehicles that make big oil obscenely profitable, and why is one different from the other?

>> ...an argument can be made that insurance companies take a profit from a sector that represents the single largest financial liability the country faces in the coming century....

WTF? The liability is from the GOVERNMENT sector, not the private sector. Remember, the private health insurance companies SUBSIDIZE the government operation massively. Without private insurance absorbing cost-shifting, government would be spending TWICE what it now is for health care. Or more. BCBS pays 2, sometimes 2.5x what Medicare and Medicaid average for many procedures.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News