[MTAtech]

Quote:

Originally Posted by Dude111

The last 2 elections were stolen,so whst makes this one any different??

With all due respect, that's a crack-pot statement. Bush won in 2000 and 2004 in very close elections, where the polls showed his opponent leading. Obama was polling 8-10% above McCain in all the polls and ended up winning consistent with what the polls were predicting -- a landslide.

So, unless you are saying that everyone was in on this conspiracy you need to rethink your answer.

On windfall profit taxes, you're proceeding from the assumption that oil companies are entitled to 30% profit margins and if the government raises taxes on those profits, the company will raise their gas prices to match. Any first year economics student can see the flaw with that logic. Gasoline consumption is elastic. If the gasoline price is raised, consumption drops, earning the company less profit than if they did not raise prices.

The result of a windfall profit tax is that the oil company will pay more taxes and have less profits.