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Why do people think that taxing Big Oil and other Big companies more is a good idea?

If you tax oil the oil companies will pass that tax on to the consumer raising gas prices. If you tax other companies more they also will pass that tax on to you, the consumer, making everything more expensive.

Also, raising taxes cost companies money which will make them shy away from hiring new employees and/or giving raises to current employees.

Do people just want the rich to PAY regardless of what that costs the average American?

16 Answers

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  • 1 decade ago
    Favorite Answer

    It's because the Leaders those people look to, are fools. What you said is spot on. ALSO when you tax them their profit on the books will be down creating less wealth for the company on the books making the dividend payments, payments to the stocks value go down or stay the same. That is making the investment in that company that you have NOT A GOOD INVESTMENT, forcing you to sell off, so that you can make money elsewhere. That forces the company to liquidate assets or borrow to cover the sell off making the company worth less and so on and so forth creating a downward spiral in their value. Many companies are experiencing this right now as reflected in the market. It is whats happening now. The market is below 8k from almost 15k. People don't want to pay the increased taxes soon after jan 20th so they are swiftly reorganizing their portfolios.

    Source(s): windys hitty.net
  • Anonymous
    1 decade ago

    I don't know why people want to tax the big companies. I think it will hurt the average worker. I think we should give the tax breaks to the big companies so we can all keep our jobs. I think it is because some big companies are very greedy and will treat their employees badly with no benefits and poor wages. And some will even cut jobs anyways just so they can have more money....making workers work harder with little pay and no benefits. Not all companies are like that but i think that is what the reason is. I think what they should do is make it to where if a company has a certain amount of employees and they make a certain amount of money a year they should be required to provide medical coverage to their employees that way. they wouldn't have to pay the whole cost but at least half. This would be for big businesses. Instead of raising the taxes just have it required for them to have to pay for half the cost of medical to employees. Most big companies can afford to pay half they just would rather pocket the exrtra money and not give employees any benefit.

  • ?
    Lv 4
    4 years ago

    stable concept to tax enormous oil companies. they have greater money then little oil companies. A monetary company robbers replaced into as quickly as asked, "Why do you rob banks?" His answer, "given this is the place they shop the money!" The oil companies will pass the tax will develop directly to us. NO, please say it ain't so. next element you would be let us know is the loose ketchup packets at McDonald's are extremely equipped into the fee of fries. Oh Lordy, there is not greater loose lunch.

  • Anonymous
    1 decade ago

    All the people who voted for Obama do not have a clue how the economy works. All hey heard during Obama's "hope" and "change" speeches was he was going to take from the "evil rich" and give to the "deserving

    poor" These are people with (I am convinced of this) below average intelligence, because they obviously didn't or couldn't do the math

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  • Anonymous
    1 decade ago

    Why would you think that, before they got the Reagan tax break gas was under a dollar did they pass that savings on to us?

    And the fool on the hill sees the sun going down.

  • 1 decade ago

    Because they are making all the money, and not paying their fair share, leaving the burden to the rest of us! Why do you think they employ brilliant attorneys, because of their sexy looks? Get real, taxing the public to death is not the solution, they are making billions of dollars, finding loop holes in the tax laws, creating loop holes, off shore accounts, off shore claims, and illegal banking practices, and even for going their American citizen ships to protect their assets. Their ill gotten gains, while lobbying the hell out of congress with free trips around the world, and a nice gift basket full of american currency for their next bid for reelection. And for you to deny, or not even understand this simple fact, shows that you are truly uneducated. Uneducated about the dog gs that run this country into the ground, for their own selfish means, or you are a part of it, and benefit from it in some way. Only you, and god know the truth about that fact, at least for a little while longer, until all will be exposed. And the truth be known, and shown to the world, during judgment day, which will be longer for some, than others!!!!

    Source(s): The facts are being exposed every day on cnn, cbs, nbc, cspan....
  • Mark M
    Lv 4
    1 decade ago

    You are right on but alot of people don't understand they think they are entitled to money they didn't work for and who better to get it from than the rich the main problem with these people is they are jealous of other people's success and rather than go out and try to be successful themselves they had rather take it from the ones who have had success all they see is that they are getting free money they don't understand or care about how it affects others and the economy

  • 1 decade ago

    Because, to further their own purposes, politicians and the media have succeeded in representing a corporation as three fat white guys in a high-rise office smoking cigars, instead of a constantly changing organization of thousands and thousands of people from all walks of life who bust their butts every day to outdo the competition by providing better products, and therefore enhancing lives.

  • 1 decade ago

    Because certain politicians have used class warfare in order to win elections. Demonizing profits and success, and faking pity on the pitiful poor is a good way of getting votes.

  • Anonymous
    1 decade ago

    do you have any other suggestions can you pay for last 8 years f.. up from YOUR OWN POCKET OR middle classes expense.. government spending for stimulating the economy has to come someplace...where do u think money will come.. we are saving wall street *** now 3 big auto makers, god knows what else is in line to get our ( tax payers)money.. so no one will be taxed but still everything will be OK...???

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