RE:RE:RE:RE:Will biden impliment a windfall tax on oil companiesMan, they sure sucked you in on that argument. In any case, the loopholes, in principle anyway, are intended to ensure a net benefit to the country, such as actual employment. Not that it always works out that way.
I saw a great cartoon the other day. Guy sitting in cave with his kids around a fire, says, "Yes the planet got destroyed. But for a beautiful moment in time we created a lot of value for shareholders."
MrAlberta wrote: The thing that is lost on the people crying about how big corporations ruined the world and should be taxed more is this: every tax dollar a big corporation is forced to pay is one less dollar they can use to create another job in their corporation. If you think a government can take those tax dollars from last year's profits, administrate it efficiently, and do a better job of creating jobs than the companies they are taxing... you are fooling yourself. That's why governments create strong sounding legislation to seem like big companies will get taxed heavily (to appease some voters) but then leave enough loopholes so the companies to keep the money active and available to create jobs now (to appease the other voters), not next year after the taxes got processed.