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Anonymous
Anonymous asked in Politics & GovernmentPolitics · 1 decade ago

Want to lower gas prices AND end the Iraq War?

Here's how.

Pass legislation that the oil corps can only keep the same amount of quarterly profit as they made in Bill Clinton's last year of office, all the rest of the profits get taxed at 100%.

This effectively removes any incentive for high gas prices and will end the Iraq war overnight.

The country needs the money to pay off Bush's DEBT and to fight the war on terror.

It's a case of National Security.

and don't bother attacking me you bushbots, no one cares what you think.

13 Answers

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  • Anonymous
    1 decade ago
    Favorite Answer

    Damd-u-craps!!! (Sorry I meant Democrats)

  • 1 decade ago

    Yeah, that's not going to work. Here's why:

    The cost of business goes up with each passing year. If you don't let oil companies make more profit, then they're just going to go OUT OF BUSINESS. And that means government subsidies will have to prop up the oil companies even more than they do now.

    When you remove the incentive for profit, you also remove the incentive for hard work and innovation. Do you realize that oil companies are paying millions of dollars to research other fuel technologies? They're not altruistic environmentalists, but they realize oil is a finite source and success in the market requires adapability. So, they're trying to stay relevant in the market by securing a role when we eventually run out or abandon oil. With no profits, no more research. Instead we'll just have oil shortages. We'll also have major unemployment. If you reduce what oil companies can receive in profit, oil companies are not going to pass on the decrease in profit to the CEOs. People at the lower levels at these corportions are going to get fired. That means fewer jobs in the economy, lower tax revenue, and oil shortages.

    I'm not a BushBot - didn't vote for the guy. A simple course in economics would go a long way, buddy.

  • 1 decade ago

    I think you should learn about economics. Your idea would put oil companies out of business and you would see huge gas lines.

    US oil companies DO NOT control the price of oil. OPEC and foreign state run oil companies do.

    Instead of acting like a victim waiting for the government to come "save you from the big bad oil companies" why don't you limit your usage or hedge against price increases by investing in commodities. You are free to do both AND you don't have to tread on someone's rights (stock holders) to do so.

    AND- how does this action end Muslims killing each other?

  • 1 decade ago

    I hate to break this to you, but gas prices would go /up/ if you did that. Why? Because oil companies would stop doing business in the US to avoid the confiscatory tax, while new companies that (by virtue of not existing durring Clinton's tenure) would not be subject to that limitation, would move in. The temporary loss of supply would cause gas prices to spike tremendously, though only in the US.

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  • 1 decade ago

    It's an interesting idea, and why would a business need to constantly increase profits instead of just maintaining profitability in order to make money for its caretakers, shareholders, and employees? But unfortunately that isn't how we view business these days. Profits can't stay flat, they have to increase. Sustainability isn't the goal, the goal is constant growth at any human cost. And I don't expect Congress to impose a change on this rule.

  • 1 decade ago

    "Bushbots". Gotta love people that love America. What is your problem, tell me that. I'm going to love it when some Democrat screws up and the tides are turned. Lets try doing something good, instead of passing insults.

  • 1 decade ago

    imnot a fan of bush i would like to see someone dont care who that knows what the hell they are talking about and do something about the problems u never heard much about iraq when clinton was president aint it a strange coincidence and also gas was reasonable as well when clinton was in

  • 1 decade ago

    what exactly would that solve? except get a whole bunch of people laid off from work and drive up unemployment.

    Im not saying gas prices arent ridiculous, but I am saying you havent a clue about economics.

  • Anonymous
    1 decade ago

    I'm not well-versed enough in econ to know if this is a sound plan

    why don't we just stop using so much oil?

  • 1 decade ago

    Bushbot? ROTFLMAO!!!!!

    If your so smart why don't you run for office and get those things done. Or do even you realize how rediculous your "question" even was?

  • 1 decade ago

    More Government control that is always the answer, comrade.

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