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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (396577)	7/7/2008 2:33:25 PM
From: Brumar89	Read Replies (2) \| Respond to of 1576278

Republicans argued we shouldn't pass a windfall profits tax on the oil companies because the oil companies were run by such big crooks they would just illegally pass the tax on to consumers. Windfall taxes are a dumb idea. Of course, all taxes are passed on to consumers. Socialistist minded Democrats don't realize this. They also don't know that big oil shares are mostly owned by pension funds, IRA's, 401K. Buy a S&P500 index fund, guess what, XOM amounts to about 10% of the S&P500's value. -------------------------------------------------- Republicans have decided to try to eliminate the ban on offshore oil drilling, Good for them. The vast majority of the public agrees with them. Please get the word out, Democrats are against drilling in America! --------------------------------------------------- Those are the same Western companies Saddam Hussein threw out of Iraq 36 years ago when he nationalized the oil industry. Saddam didn't nationalize the Iraqi oil industry. That had already happened decades before he came to power. In 1961 Iraq passed Public Law 80 whereby Iraq expropriated 95% of the Iraq Petroleum Company's concessions en.wikipedia.org ------------------------------------------------- Don't you know you can't believe anything liberals say or write?