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Posted on 9/13/18 at 2:31 pm to AA77
Yet I just paid $3.29 per gallon yesterday.
Posted on 9/13/18 at 2:31 pm to CaptainBrannigan
How much went to oil company?
I'll hang up and listen
I'll hang up and listen
Posted on 9/13/18 at 2:34 pm to Projectpat
quote:
I’ll assume the Trump pic is sarcasm since you’ve been arguing for communism is this thread.
Oh, that's rich.
You want federal lands opened up for drilling but I'm the communist? Do you know who owns these federal lands?
Posted on 9/13/18 at 2:36 pm to Projectpat
quote:
Uh, what? It’s only returned to taxpayers by corporate income tax from the company. And state franchise taxes. And company property taxes. Employee individual income taxes. Other payroll taxes. Property taxes on property employees are purchasing with their “post-tax” income. Sales tax. Capital gains taxes on anyone investing in the company. Taxes on anyone who decides to die...
My point is there’s a reason that so called “tax breaks” are given, whether i agree with them or not, but don’t use their existence as a shield for your socialist views.
socialist views? i'm for fairness, not socialism, pat.
for the sake of simplicity, lets say you have a 10% tax rate levied on individuals in a town and 10% levied on businesses. if the city decides to drop the tax rate on a business to 5%, the city is left with less money for infrastructure, police, fire, etc.
if we're going to have a tax, it should be applied fairly.
quote:
This is why I was bringing up terminology because it’s not semantics. It’s not funded by the government.
tax breaks, all else equal, are economically and effectively the same thing as a gov't grant in the long run
would you like me to draw an economic model explaining this?
This post was edited on 9/13/18 at 2:40 pm
Posted on 9/13/18 at 2:38 pm to Kentucker
quote:
You want federal lands opened up for drilling but I'm the communist? Do you know who owns these federal lands?
Didn’t say I wanted to open federal lands for drilling, but the concept of federal lands is communist. I don’t think you know what the term means.
Posted on 9/13/18 at 2:40 pm to Masterag
quote:
if we're going to have a tax, it should be applied fairly.
I agree. I’m taking issue with the control of the resources argument.
Posted on 9/13/18 at 2:46 pm to Projectpat
quote:
Didn’t say I wanted to open federal lands for drilling
But you do.
quote:
the concept of federal lands is communist. I don’t think you know what the term means.
The way you're intermingling communism with socialism, I'd say it's you who doesn't know what the term means.
For your edification:
quote:
Socialism is an economic system while communism is both an economic and political system. Socialists can own personal properties while communists can not. Socialism allows capitalism to exist in its midst while communism seeks to get rid of capitalism.
- www.differencebetween.net/business
Posted on 9/13/18 at 2:47 pm to jlovel7
quote:
We should ultimately remove ourselves from our dependence on a finite resource.
One way to do that is to make it more scarce by drilling the shite out of it
Posted on 9/13/18 at 3:03 pm to Kentucker
What would you propose we do with Federal acreage that holds millions and millions of barrels of oil subsurface? Should the government not be a good steward and lease those lands out?
Posted on 9/13/18 at 3:03 pm to teke184
No one said that
Posted on 9/13/18 at 3:14 pm to TigerFanatic99
quote:Because in our technologically advance state, one would think our production of crude oil would be on the decline if not nil, as we should opt for more environmentally friendly and renewable resources instead.
Can you expound on why this is bad? Curious.
As a once great philosopher once said, even though whales are the biggest mammals on Earth, they don't have to be. So just because we have oil, doesn't mean we have to utilize it.
Posted on 9/13/18 at 3:41 pm to Kentucker
We could trade strawman attacks all day. Your original statement was a complaint that taxpayers are getting screwed because we export oil. What is your solution?
Posted on 9/13/18 at 5:18 pm to ragincajun03
quote:
What would you propose we do with Federal acreage that holds millions and millions of barrels of oil subsurface? Should the government not be a good steward and lease those lands out?
Cities, counties, states and the federal government set aside land as parks and preservation areas. It's what we want. We are "the government" and we decide what is to be done with those land areas. We have to decide which is best for all, the parks for our common use and enjoyment or the use of their resources by private businesses. So far, we've stuck with the former.
Posted on 9/13/18 at 5:33 pm to TigerFanatic99
quote:
Can you expound on why this is bad? Curious.
Because it makes trump look good and they can’t have that
Posted on 9/13/18 at 5:34 pm to DawgGONIT
quote:
As a once great philosopher once said, even though whales are the biggest mammals on Earth, they don't have to be.
What? This makes no sense
Posted on 9/13/18 at 5:36 pm to Projectpat
quote:
We could trade strawman attacks all day. Your original statement was a complaint that taxpayers are getting screwed because we export oil. What is your solution?
My contention is that taxpayers are not getting a return on our investments. If we open up federal, taxpayer-owned lands for resource use, give tax breaks to oil companies and aid them in competition with foreign governments and businesses, then we should see a decrease in the prices we, as individuals, have to pay for the oil products in our country.
Saudis pay only 91¢ per gallon. Russians pay $2.10. We should be paying less.
I understand that federal and state governments tack on a lot of taxes to the cost of a gallon of gas. That's why I'm a raging fiscal conservative. It just seems to me that neither governments or businesses give a shite about the guy who has to pump his tank full of gas.
That's my biggest disappointment with the current political climate in this country. Government officials and businesses are working to improve our economy as it relates to international trade but no one is thinking about the status of the taxpayer. We want improvements at our level, too.
Posted on 9/13/18 at 8:39 pm to fr33manator
Whole lot of dumb going on in this thread. Oil and gas development is partially funded by the government? What. the. frick.
O&G companies take on huge risk to fund their own wells/facilities and pay taxes and royalties to the government on production.
O&G companies take on huge risk to fund their own wells/facilities and pay taxes and royalties to the government on production.
Posted on 9/13/18 at 8:46 pm to lsugradman
quote:
Oil and gas development is partially funded by the government?
You serious, Clark? We’ve been subsidizing the O&G industry in various ways pretty much since it’s inception.
The argument is not about whether or not we do it, that’s a fact; matter of contention is whether or not it translates to lower prices at the pump for consumers. I, for one, do not believe it does.
And btw... I never said primarily
LINK
This post was edited on 9/13/18 at 8:50 pm
Posted on 9/13/18 at 9:53 pm to Masterag
Subsidizing thru tax breaks is not the same as funding. It’s just not.
And the tax breaks that the O&G absolutely lowers the cost of development which directly translates to oil supply and price. There are plenty of very large projects that would absolutely not happen without those tax incentives.
And the tax breaks that the O&G absolutely lowers the cost of development which directly translates to oil supply and price. There are plenty of very large projects that would absolutely not happen without those tax incentives.
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