Quote:
Originally Posted by silas777
I wonder if all of those who feel that the Oil companys are making to much profit and that the government should intervene, feel the same about companys that arent making enough. Should the government give money to the Airlines, or should they only interfere when the corporation is doing well? Delta, Northwest report combined $10.5B loss on fuel costs: Financial News - Yahoo! Finance (broken link) In my opinion, It is none of the governments business one way or the other and they should stay the hell out of the way!
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There never seems to be a well thought out answer to that question. Last year Exxon paid about $30 billion in income taxes. Three years earlier, they showed a much smaller income and I think the tax bill that year was under $12 billion. Was that a fairer year since the company made less in profit? But, oh my, paying taxes is a good thing. So was that year better?
When companies lose money, the pundits claim mismanagement. When companies make money, the pundits cry obscene profits. The pundits say we need more tax revenue. Do we not have to make more money to pay more taxes? Well, no, they should be taxed at a higher rate. But what happens to the pension funds of working Americans when stock prices plummet as a result? Should the government shore up the pension funds? Yes! How? By more taxes.
I'm getting dizzy. Someone tell me the answer.
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