Obama made one of his typically socialist statements this week. He was urging an end for tax breaks the oil companies get. Obama, the socialist, is offended with the “P” word.
Profit.
Of course Obama wants to take a shot at two things he hates. First is the oil industry. Since coming into office, Obama and his regime, have done everything they can to make war on the domestic oil industry. From the “permitatorium” in the Gulf, to designating a lizard as an endangered species so it will put an end to West Texas oil production to the whole bureaucracy that kept Shell oil from drilling for new American oil off the coast of Alaska, Obama and his band of socialists in Washington have been trying to kill the American oil industry.
Obama, like any other socialist hates profit, except of course, for himself. He is offended and outraged that oil companies are making a profit. Of course, what has Obama done his entire life? He has been a community organizer and a government employee who has lived off of the wealth of others. His only claim to real work has been his two books, the first of which was probably written by Bill Ayers and he has still never explained how an unknown author got a major advance to write a memoir.
Obama wants to cut off tax breaks for oil companies. Of course, he thinks that anyone who refused to work should get a tax refund for taxes they never paid. This is Obama world.
There is something out of this that we should pay attention to.
To say the tax code is screwed up is like saying Obama is left of center. The tax code is a disaster that needs to be completely rewritten. Conservatives will argue over what is the best method. One possibility is a flat income tax. As Ray Stevens once sang, “If ten percent is good enough for God, it is good enough for Uncle Sam.” Another possibility is a consumption or a fair tax. Those have merit and would be better than any tax on income, however before we talk about doing that, the Sixteenth Amendment must be repealed, otherwise we will get what Obama dreams of: more taxes.
When the tax code is rewritten, however it is rewritten, one thing conservatives must remember is that the purpose of the tax code is not to promote one policy or another.
We must remember that the purpose of taxes is not to soak the rich. It is not to provide subsidies for poverty. The purpose of taxes is to provide revenues for the government.
We conservatives all agree government is bloated and way too big. Government must be shrunk. However, what government that is left must be funded. Our military must be funded. There are certain other departments that must be funded. That is the purpose of taxes and the tax code.
After 2012, when conservatives take over and hopefully we start working on a new tax code, we will need to remember, the more you tax of something, the less of it you will have. Perhaps, as the tax code is being rewritten, we can find a way to tax liberals.
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Permalink Reply by JOHN DELASAUX on Jack wrote: "Additional taxes paid by the oil companies will have no effect on their profits, they will increase consumer prices to maintain their profit margin."
That is the simplistic idea about taxes which only holds true for tiny tax increases. Large tax increases will put a strain on the whole economy, because increased oil prices reflect into the price of everything produced and transported in the US.
The combine which cuts the wheat for your Wheaties, and the factory which cranks out the Wheaties, and the truck which brings the Wheaties to your supermarket all use oil for their energy.
Permalink Reply by JOHN DELASAUX on Isn't it nice to see at least ONE person calling it like it is!
DW is correct -- take off the gloves and make the Libs and Dems face up. The ones who learned how to read in spite of our rotten school system might even read Alinsky's Rules for Radicals, and realize how dangerous Alinsky and Obama and his minions are to our country.
Permalink Reply by Judson Phillips on Permalink Reply by 0fj8k7tt4p6ax on D.W. That is a scream!
Do you not realize that the blogger you accuse of "not reading the post above" is the author of the original post? What a comical faux pas!
A. Zion
Permalink Reply by Shirley Eliakis on The sad commentary here is that we have learned that we cannot trust another at his or her word. We see and hear things that fit into our image by judgement of a person, place or thing, and we try to make every piece of information we get fit into that judgement. The method of correction can be gentle or firm OR EXTREME, in either direction. We speak on emotional issues and we cannot trust those who place themselves out there to be honest.
This is why I admire Glenn Beck, who tells us never to take his word on anything.
Some folks here are quite adept with search engines. I am limited, but I do my best to verify before I make statements. I would like everyone here to think about who we are and what we stand for. (trolls betray their motives quickly, as a rule)
We're on the same team! We can agree to disagree without picking up the weapons to engage, upon disagreement. "Comical" was probably less reader-friendly than "faux pas." But, please do not take every statement as an invitation to war. This is not the enemy's camp!
HELLO?
Permalink Reply by andrew J. vargo on Permalink Reply by Debrajoe Smith-Beatty on Permalink Reply by Pat Chadwell on I dont know how true this is but watch it...
has sent you a message on Patrioticspace
Subject: Make this one go viral
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http://www.youtube.com/watch?v=wqIQV4X-_io&feature=player_embedded#at=29
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Permalink Reply by Gene Daughtry on Tax liberals for being liberal! I wonder how much subsidy Exxon or Halliburton actually get? I understand that most of the $4 Billion in subsidies goes to independent drillers and suppliers. $4 billion is peanuts to big oil so it's not much of an expense or a windfall.
Permalink Reply by Debrajoe Smith-Beatty on Permalink Reply by paco12348 on Evil will never prevail. Obama will lose or America is down the drain. Americans realize that. The thing I fear is the election and the dirty politics that go with it. I fear the cheating that will go on. Dems are good at cheating, look at all the Dems that don't pay their taxes. Cheaters, one and all. They have enough American haters on their side to help them out. If we don't man the polls we will lose.
I stand for the fair tax. Let the free loaders pay their share. Right now they don't have a horse in the game. With fair tax it's equality for all.
BTW, when Dems come up for reelection, everyone throw in 10 bucks and let's elect a Republican. It will take a Repub House, Senate and President to clean up the mess left by Obama and his Socialist minions.
© 2013 Created by Judson Phillips.
