Wingnut America To Adam Smith, “Drop Dead”
In the wingnut Republic that America is fast becoming, NPR can survive without a government subsidy, but Exxon-Mobil can’t.
Check out this interview of Rep. Joe Barton (R-TX)—he of apologizing to BP fame—by ABC on Wednesday. Pressed repeatedly by Jon Karl to stake out a position on tax credits enjoyed by offshore oil companies, Barton argued that the subsidies represent equal treatment, and are required to keep the companies like Exxon-Mobil from going out of business.
“Over time if you put so many disincentives against any U.S. manufacturing or production company, or oil and gas exploration company, they’ll go out of business,” Barton said.
Payin’ taxes is a disincentive.
Push Barton far enough, and he’ll probably tell you that all those unemployed people don’t have jobs because they got tired of paying taxes.
One more reason to support the Texas secession movement.
You seriously do not think that tax policy should encourage domestic energy. You are joking.
I favor an all of the above outreach to help America become energy self sufficient. I want more drilling, more natural gas, more wind power, more nuclear, more biofuels, and more trash to steam. I also want more research. We need to encourage domestic drilling and encourage reinvestment. If the drilling is successful, we get tons of tax money from it. Those tax credits encourage the oil companies to stop using their profits just to buy up other companies and invest in easier to get foreign wells in Lybia and elsewhere and reinvest here by making America more viable. That in turn gets jobs, domestic oil, and capital investment here. It makes us money not loses us money.
Ladies and Gentlemen of the jury. I rest my case.
No kidding — especially since the companies working on the traditional forms of energy are making money hand over fist. I haven’t heard an explanation yet as to why taxpayers ought to pay for more oil production or nuclear plants or coal extraction if these very profitable companies can’t get Wall Street interested in capitalizing these efforts. It seems to me that if Exxon Mobil can’t get funding from the capital markets for extraction that the markets are working as they should and giving you a Really Big Hint.
Trying to make sense of David’s comment is a mugs game. It is axiomatic to him that the wealthier a corporation is the more it is worthy of tax payer largess. You can’t argue against faith.
Shorter David: “I don’t want more gruel, sir. Can I get you some?”
jason, why r you so afraid to use the word “tax?” It’s like Obama being afraid to say “muslim terrorist” or “radical Islam.”
Revenue side? WTF!
You probably are not familiar with these grown up concepts so I’ve broken my rule about not explaining things to dumbfucks. No more hand-holding after this though.