According to Fox News.... - Page 3

SPOCAHP ANAR · 01-06-2008, 09:47 PM

Quote:

Originally Posted by troy2000

What chaps my hide is the big tax breaks and incentives Bush and Co. handed them on top of those profits.

No company whatsoever should get tax breaks or incentives. If you can't run a business on your own two feet then you shouldn't be in business.

I believe the breaks were given in order to explore for more oil, but why bother congress isn't going to let them dril for it if they find it. Bush won't let them drill for gas off of Florida and the democrats won't let them drill in ANWAR.

Record Profits? I gues you would make more money if you sold more gas. The oil companies only made about 7% profit last year. not necessarily the definition of gouging.

Quote:

Originally Posted by Windwalker

Spocahp Anar, my shoes are Indian moccasins and cost me about $6.00 a pair but I realize that businesses have to make a profit to stay in business but i feel the profits being shown by the oil companies are so excessive as to need regulation from the petroleum industry.

What do you consider excessive? They only made about 7% profit margin last year.

The oil companies are the petroleum industry, you can't let them regulate themselves. Governments have no place telling a company what they can charge or what they can make. If you believe this principle then you should also believe that the government can come in and tell YOU what you can make.

troy2000 · 01-06-2008, 10:09 PM

Funny thing, though. The more everything costs, the more money 7 percent becomes.

ArkansasHunter · 01-07-2008, 12:08 PM

I agree with SPO... No company should get tax breaks.
Farmers on the other hand do need substities (spelled wrong) due to compitions from other countrys.
Were not the only ones that grow cotton, rice, soybeans but we do grow more wheat and corn.

SPOCAHP ANAR · 01-07-2008, 10:05 PM

Quote:

Originally Posted by ArkansasHunter

I agree with SPO... No company should get tax breaks.
Farmers on the other hand do need substities (spelled wrong) due to compitions from other countrys.
Were not the only ones that grow cotton, rice, soybeans but we do grow more wheat and corn.

Noone, that means farmers too! If you can't compete then why should I have to subsidize your lifestyle?

Quote:

Originally Posted by troy2000

Funny thing, though. The more everything costs, the more money 7 percent becomes.

That's right it's simple economics. 7% is 7%. Oil companies aren't the only ones to exploit their customers.

troy2000 · 01-07-2008, 10:23 PM

I don't like the fact that people like Michael Jordan buy farmland specifically so they can get tax breaks and rake in those subsidies; most of the money goes to rich investors or agricultural corporations, instead of helping the small family farms it was supposedly intended for.

Rave · 01-08-2008, 08:02 AM

Quote:

Originally Posted by troy2000

I don't like the fact that people like Michael Jordan buy farmland specifically so they can get tax breaks and rake in those subsidies; most of the money goes to rich investors or agricultural corporations, instead of helping the small family farms it was supposedly intended for.

That seems to be the usual during a time of corruption running amok,both here and abroad.

Seabeescotty · 01-08-2008, 10:03 AM

I thought you had to be a real farmer to get that! You mean all you gotta do is own some land? Scotty

troy2000 · 01-08-2008, 10:16 AM

Quote:

Originally Posted by Seabeescotty

I thought you had to be a real farmer to get that! You mean all you gotta do is own some land? Scotty

There are people with lots inside city limits getting those subsidies, because they managed to get them classified as agricultural land...

An historical sidenote: while Timothy McVeigh was carrying on about our corrupt government wasting taxpayer money, he was sucking up his farm subsidies right up until he blew up that building in Oklahoma City.

01-06-2008, 10:09 PM	#42
troy2000 Resident Armed Liberal Join Date: Dec 2004 Location: Southern California Posts: 8,909 Trader Rating: (0)	Funny thing, though. The more everything costs, the more money 7 percent becomes. __________________ If a million people say a foolish thing, it is still a foolish thing. -Anatole France

01-07-2008, 10:23 PM	#45
troy2000 Resident Armed Liberal Join Date: Dec 2004 Location: Southern California Posts: 8,909 Trader Rating: (0)	I don't like the fact that people like Michael Jordan buy farmland specifically so they can get tax breaks and rake in those subsidies; most of the money goes to rich investors or agricultural corporations, instead of helping the small family farms it was supposedly intended for. __________________ If a million people say a foolish thing, it is still a foolish thing. -Anatole France

01-08-2008, 10:03 AM	#47
Seabeescotty Senior Member Join Date: Dec 2007 Location: Jay, Oklahoma, God's country. Posts: 3,678 Trader Rating: (0)	I thought you had to be a real farmer to get that! You mean all you gotta do is own some land? Scotty __________________ Adapt, improvise, overcome.-Gysgt Highway, Heartbreak Ridge

01-07-2008, 12:08 PM	#43
ArkansasHunter Senior Member Join Date: Mar 2007 Location: South Arkansas Posts: 10,466 Trader Rating: (0)	I agree with SPO... No company should get tax breaks. Farmers on the other hand do need substities (spelled wrong) due to compitions from other countrys. Were not the only ones that grow cotton, rice, soybeans but we do grow more wheat and corn.