Time to consider a windfall profits tax

http://news.bbc.co.uk/2/hi/business/8337876.stm

$1Billion = $40billion?


Oh and Ford never took any taxpayer money. Could of had some of that stock @ $1.16 if you had been paying attention.

Fucking kicking myself that I didn't. I chickened out on some good advice. Eh, such is life.

Motor Co.'s stock jumped 58 cents, or more than 8%, to close at $7.58 Monday -- quite a leap from its low of $1.01 reached last Nov. 20 -- after the automaker reported a surprise $997-million profit.

600% profit and no bailout money.

The free market is Baaaaaaaaaaaaad!

Trust Obama.

Fucking kicking myself that I didn't. I chickened out on some good advice. Eh, such is life.

I'm just pissed I got it @ $1.16. Should have waited another week. lol

So there is an "acceptable" level of profits. So where is the threshold over which there should be a windfall profits tax?

So there is an "acceptable" level of profits. So where is the threshold over which there should be a windfall profits tax?

Do you have a point?

So there is an "acceptable" level of profits. So where is the threshold over which there should be a windfall profits tax?

Do you have a point?

Exposing the flaw in your logic?

So there is an "acceptable" level of profits. So where is the threshold over which there should be a windfall profits tax?

Do you have a point?

Are only certain industries eligible for the WPT? Or is it driven by the amount of profits? What is the threshold? Should we use gross profits or P/E? Maybe some other metric?

If it's for certain verticals, upon what basis do we choose which industries are immune and others are not? Do we just go with those that we feel most beholden to or is there some non-emotional, objective standard?

Here's your chance to be substantive. Ready...go.

So there is an "acceptable" level of profits. So where is the threshold over which there should be a windfall profits tax?

Do you have a point?

Exposing the flaw in your logic?

Show me where I was an advocate of a windfall profit tax.

I was merely pointing out that JP is being snarky and to compare $1B in profits to a company like Exxon with $40B is pointless.

So there is an "acceptable" level of profits. So where is the threshold over which there should be a windfall profits tax?

Do you have a point?

Are only certain industries eligible for the WPT? Or is it driven by the amount of profits? What is the threshold? Should we use gross profits or P/E? Maybe some other metric?

If it's for certain verticals, upon what basis do we choose which industries are immune and others are not? Do we just go with those that we feel most beholden to or is there some non-emotional, objective standard?

Here's your chance to be substantive. Ready...go.

In 1980, federal legislation was passed that levied such a tax on oil companies because of the profits they earned as a result of the sharp increase in oil prices in the 1970s. Since then, the tax has not been reenacted.


Again, your point is?

Fucking kicking myself that I didn't. I chickened out on some good advice. Eh, such is life.

I'm just pissed I got it @ $1.16. Should have waited another week. lol

Nice call regardless. That's what I get for playing it safe. An extra $60k is always helpful, isn't it. God damn it...

So there is an "acceptable" level of profits. So where is the threshold over which there should be a windfall profits tax?

Do you have a point?

Are only certain industries eligible for the WPT? Or is it driven by the amount of profits? What is the threshold? Should we use gross profits or P/E? Maybe some other metric?

If it's for certain verticals, upon what basis do we choose which industries are immune and others are not? Do we just go with those that we feel most beholden to or is there some non-emotional, objective standard?

Here's your chance to be substantive. Ready...go.

In 1980, federal legislation was passed that levied such a tax on oil companies because of the profits they earned as a result of the sharp increase in oil prices in the 1970s. Since then, the tax has not been reenacted.


Again, your point is?

So you punt. Not surprising.

So there is an "acceptable" level of profits. So where is the threshold over which there should be a windfall profits tax?

Do you have a point?

Are only certain industries eligible for the WPT? Or is it driven by the amount of profits? What is the threshold? Should we use gross profits or P/E? Maybe some other metric?

If it's for certain verticals, upon what basis do we choose which industries are immune and others are not? Do we just go with those that we feel most beholden to or is there some non-emotional, objective standard?

Here's your chance to be substantive. Ready...go.

In 1980, federal legislation was passed that levied such a tax on oil companies because of the profits they earned as a result of the sharp increase in oil prices in the 1970s. Since then, the tax has not been reenacted.


Again, your point is?

So you punt. Not surprising.

You weren't interested in discourse. You were just being a smart ass dick who thinks he knows-it-all.

So there is an "acceptable" level of profits. So where is the threshold over which there should be a windfall profits tax?

Do you have a point?

Are only certain industries eligible for the WPT? Or is it driven by the amount of profits? What is the threshold? Should we use gross profits or P/E? Maybe some other metric?

If it's for certain verticals, upon what basis do we choose which industries are immune and others are not? Do we just go with those that we feel most beholden to or is there some non-emotional, objective standard?

Here's your chance to be substantive. Ready...go.

In 1980, federal legislation was passed that levied such a tax on oil companies because of the profits they earned as a result of the sharp increase in oil prices in the 1970s. Since then, the tax has not been reenacted.


Again, your point is?

So you punt. Not surprising.

You weren't interested in discourse. You were just being a smart ass dick who thinks he knows-it-all.

LOL...you're interested in discourse? Really? Since when?

I gave you a chance and you punted. Now you're saying I'm insincere. Comedy Central.