by Outcast_Searcher » Sun 01 Sep 2019, 14:11:12
$this->bbcode_second_pass_quote('StarvingLion', '
')The EV Shitheads want to tax the Oil Industry which already can't pay any taxes.
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You "people" are so braindead its beyond hope.
In the real world, 12% or so re an effective tax rate isn't 0%. If you don't LIKE the rules re corporate tax rates, I suggest you try doing something about it instead of whining and lying like a small child.
https://www.investopedia.com/articles/i ... -taxes.aspMANY, MANY businesses get all sorts of tax breaks by the way, to incent businesses to produce things, build things, etc. When GM or Apple doesn't pay taxes in a given year due to deferrments, loss carryforwards, etc., there is always lots of shrill yelling and crying on the left -- but it doesn't mean those companies/industries "don't pay taxes" -- at least to people with economic acumen (and ability to look things up) higher than, say, an eggplant.
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And oh, by the way, it's not as if the oil industry isn't making plenty of money, even with moderate oil prices. (Big hint: when 2019 isn't a record, it doesn't mean zero profits, a concept fast crash doomers, who call almost EVERYTHING that isn't record profits "a crash" seems unable to comprehend).
I wouldn't call near record profits in 2018 being unable to make any money, for example:
https://www.eia.gov/todayinenergy/detail.php?id=39413...
Now, if the oil industry objectively can't make any money for say, 5 straight years, re false claims by the ETP Bozo, be SURE and get back to us on how the oil industry can't afford to pay taxes, because if THAT happens, you MAY begin to have a point, at least for the short term.
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.