Date:   11/9/2005 10:42:48 AM ( 19 y ago)
Popularity:   message viewed 1474 times
URL:   http://www.curezone.org/blogs/c/fm.asp?i=991534

The oil people were selling the oil at market prices. Prices worldwide went up. Why didn't the government just tell the oil companies that the prices were "too high" and force them to lower the prices, during the price escalation. It's called free market. If the prices go up, if demand goes up, if supplies are reduced... that's the way it is, folks! Should the companies have just pretended nothing was different? Don't be upset if some people made a lot of money while it happened!

What about people making money in the real estate boom? What about companies like coca-cola making big bucks off of sugar water? How about WALMART? They have like $100 billion dollars, give away charitable money in large amounts (although relatively nothing - what is $1 million dollars out of $100 billion? NOTHING) which makes them "look good" except for the fact that Walmart still has obscene amounts of money, and yet the employees have sucky jobs with insultingly low wages and not enough benefits. How about the government go after Walmart and start reducing the Walton's take-home billions? Impose a huge tax on their profits! And tell the public to stop going there for fun and making impulse purchases. They can cut back on buying the DVDs, towels, t-shirts, candy, toys, and other junk they didn't need. That will save them money so that they can pay more for the stuff they do need (and we can reduce buying from China).
That oil thing has too many ramifications that should be applied to other industries.

I do agree that if a windfall tax is imposed, it should go toward reducing petroleum dependency and developing alternates, etc.
 

<< Return to the standard message view