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Old 01-20-2012, 10:31 PM   #1
sppunk
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Default This is the worst legislation in years

What a fucking joke.

Quote:
Dems propose 'Reasonable Profits Board' to regulate oil company profits

Six House Democrats, led by Rep. Dennis Kucinich (D-Ohio), want to set up a "Reasonable Profits Board" to control gas profits.*

The Democrats, worried about higher gas prices, want to set up a board that would apply a "windfall profit tax" as high as 100 percent on the sale of oil and gas, according to their legislation. The bill provides no specific guidance for how the board would determine what constitutes a reasonable profit.*

The*Gas Price Spike Act, H.R. 3784, would apply a windfall tax on the sale of oil and gas that ranges from 50 percent to 100 percent on all surplus earnings exceeding "a reasonable profit." It would*set up a Reasonable Profits Board made up of three presidential nominees that will serve three-year terms. Unlike other bills setting up advisory boards, the Reasonable Profits Board would not be made up of any nominees from Congress.

According to the bill, a windfall tax of 50 percent would be applied when the sale of oil or gas leads to a profit of between 100 percent and 102 percent of a reasonable profit. The windfall tax would jump to 75 percent when the profit is between 102 and 105 percent of a reasonable profit, and above that, the windfall tax would be 100 percent. The bill also specifies that the oil-and-gas companies, as the seller, would have to pay this tax.

Kucinich said these tax revenues would be used to fund alternative transportation programs when oil-and-gas prices spike.

"Gas prices continue to rise, creating a hardship for the American people," he said. "At the same time, oil companies are making record profits gouging their customers. This bill would tax only the excess profits and create forward-thinking transportation alternatives."

Specifically, he said the money would be used to fund a tax credit on the purchase of fuel-efficient cars and set up a grant program for mass transit programs when oil-and-gas prices are high.

The bill does not estimate the size of these grants or the amount of money that might be collected through the tax.*

Co-sponsoring the bill are five other Democrats: Reps. John Conyers Jr. (Mich.), Bob Filner (Calif.), Marcia Fudge (Ohio), Jim Langevin (R.I.), and Lynn Woolsey (Calif.).
http://thehill.com/blogs/floor-actio...profits%5Dthis

 
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Old 01-20-2012, 11:24 PM   #2
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i hate you

 
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Old 01-20-2012, 11:29 PM   #3
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You hate everything, I couldn't care less. This has been tried - and failed miserably. You can't price control with no mechanism in place for guidance.

 
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Old 01-20-2012, 11:35 PM   #4
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you also hate everything that's a stupid fucking comeback

 
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Old 01-20-2012, 11:35 PM   #5
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i mean this is a thread with you going THIS AM STUPID and just cut and pasting something whatever FUCK YOU THE PEOPLE SHOULD CONTROL THE RESOURCES

 
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Old 01-21-2012, 12:23 AM   #6
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man do dems suck at naming things or what

 
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Old 01-21-2012, 07:57 AM   #7
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the oil industry is evil. fuck them and fuck you sppunk

 
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Old 01-21-2012, 08:47 AM   #8
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Quote:
Originally Posted by sppunk View Post
You hate everything, I couldn't care less. This has been tried - and failed miserably. You can't price control with no mechanism in place for guidance.
move to Slovenia. We support gay people!

 
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Old 01-21-2012, 06:43 PM   #9
killtrocity
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Quote:
Originally Posted by scottytheoneand View Post
the oil industry is evil. fuck them and fuck you sppunk


The oil industry may be evil, but the economy of the entire world is dependent on it and so are you.





Although I agree

 
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Old 01-21-2012, 06:45 PM   #10
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Have any of you read The Third Industrial Revolution by Jeremy Rifkin?

 
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Old 01-21-2012, 08:58 PM   #11
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The next revolution needs to be in the energy sector. There are some 4000 confiscated un-numbered patents sitting in a vault at the U.S. patent office because of their military potential and the need to keep it from other countries. These patents are considered "dual use" technolgies.

There is a nine-member committee that screens the patents and (the sinister) part of their agenda is to remove items that could threaten oil and power monopolies. This is where public pressure needs to be focused but by and large its just not there. Perhaps the timing will be sped up this year or next, but for now how much are the candidates or Obama speaking to this? none.

 
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Old 01-21-2012, 11:20 PM   #12
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omega concern eats babies 9/11 micropenis andrew pakula

 
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Old 01-22-2012, 09:52 AM   #13
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Quote:
Originally Posted by The Omega Concern View Post
There is a nine-member committee that screens the patents and (the sinister) part of their agenda is to remove items
"Okay boys, let's settle down and focus here. I know this stuff is good... but is it sinister enough?"

 
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Old 01-22-2012, 10:26 AM   #14
MyOneAndOnly
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as usual Omega Concern's first sentence is a valid statement, and everything after it is pure crazy.

 
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Old 01-22-2012, 10:28 AM   #15
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I mean, why do we keep drilling for more oil when we can get all the energy we need from renewables?

It isn't because of big oil. it's because 90% of people are stupid pieces of shit and they'll never fucking get it.






7billion people... game over for planet earth

 
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Old 01-22-2012, 11:37 AM   #16
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Because it's cheap and easier than the other options and human beings always choose what seems to the path of least resistance, the lesser of two evils, or the greater of two goods. Guh.

 
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Old 02-01-2012, 12:45 AM   #17
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that doesn't even surprise me...this Congress is too bipartisan and just aims to screw the opposite side over from the public's perception, at the cost of the public

 
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Old 02-01-2012, 03:35 AM   #18
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lol

 
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Old 02-01-2012, 07:39 AM   #19
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bipartisan?

 
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