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  • The Economic Impact of the G20 Ending Oil Subsidies  [View article]
    A subsidy is not money given to a tax payer, it is an adjustment to the taxes paid. It is a socialist policy. It is not under the jurisdiction of law. Tax them the maximum amount they can pay without going under. With "Big Oil", the difference between subsidy and no subsidy is 3%. If they lose subsidies, they will just move to where there is profit (overseas). For the 500 other oil companies in the U.S., this would mean bankrupcy and loss of millions of jobs. For the IRS, this would mean loss of $Trillions of revenue .
    Polosi's idea of double-taxing "American Big Oil companies" is a better plan, except that is illegal at this time.
    Sep 17 15:26 pm |Rating: +2 -1 |Link to Comment
  • 50 Biggest Buyers of Green Power [View article]
    Green Power is a farce. It is just producing more energy when we waste 25-40% of the energy we get. ExxonMobil has produced more energy than all of the above green companies through their regeneration process. Conservation is the answer. But then, there is no money to be made or elections won through conservation.
    May 06 12:44 pm |Rating: +1 0 |Link to Comment
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