Veren Inc T.VRN

Will biden impliment a windfall tax on oil companies

[soundandfury]

Thats the trillion dollar question..........i heard the white house is considering it........imho its a pretty much sure thing that they will ........he desperately needs to do something to get his approval rateing up

[Anschutz]

Other than a temporary appeasment to the masses that are easily fooled, a windfall tax will do little else.  What it will do is cause companies to reduce production.  If profits are taken by the government in the form of a windfall tax, companies will have less to spend on exploration and development.  It will make a bad situation even worse... just in time for the 2024 election.

[BigJake]

The majority of these companies wouldn't pay taxes at all by 2024 even with a windfall tax because of the huge tax pools they have available from previous losses

[MrAlberta]

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

[ol_griz]

Man, 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

[MustangMatt]

Mr. Alberta, don't worry about ol_marxist, unless you worship at the alter of the State, he isn't interested.   What say Grizzy, what is the state sponsored solution to the world wide, State, caused energy crisis unfolding?  Let me guess raise taxes and expand the size of government, got it, LOL.  Cheers Matthew

[ol_griz]

Certainly not.  My point is that you guys don't believe in the middle way. I'm a shareholder here, too.  I don't believe in windfall taxes but I do believe in corporate tax responsibility, ie., previous rates and fewer loopholes. As for government, I'm nettled by the overreach like half the population but don't see a Davos conspiracy under every rock.

[Dogsbreakfast4U]

No one mentions that those who run the puppets politician we have in place actually want an economic disaster to bring in the new world economic order. For them things are working exactly liked they planned it. The plandemic was started this phase of the plan.