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Post Info TOPIC: Obama's idiot plan to tax me, in order to give me a stimulus check


Profuse Pontificator

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Obama's idiot plan to tax me, in order to give me a stimulus check


Obama says he would impose oil windfall profits tax
"I'll make oil companies like Exxon pay a tax on their windfall profits, and we'll use the money to help families pay for their skyrocketing energy costs and other bills," the Illinois senator said.
So, I had always wondered what stocks my family actually owned in our meager 401K and IRAs and kid's college 529 plans.  So I did a bunch of clicking on my computer.

Mutual fund name
Oil companies in 'top 10 holdings' list for that fund
Total fund's investment in energy stocks.

Spartan 500 Index Fund
Exxon Mobil
Chevron
ConocoPhillips
16% energy


Spartan Extended Market Index Fund
Ultra Petroleum
12% energy


Spartan International Index Fund
BP PLC
Royal Dutch Shell
9% energy


FIDELITY DIVIDEND GROWTH
ConocoPhillips
11% energy


Fidelity growth & income
12% energy


Fidelity Puritan
Exxon Mobil
11% energy

Dangit, I'm not rich.  If my career goes well, I might be able to eventually hit upper-middle class.  If it doesn't, I'll be stuck here in the middle with millions of other Americans.

Dear Barak: When you attack big oil, you attack me.  When you take money from big oil, you take money from my kid's college fund.  Depending on how you structure this thing, my single-wage earner family of 4 might very well qualify for the aid you promise.  I wonder how many government employees will earn paychecks in order to take my own money and send it back to me.

LM



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And I'd discuss the holy books with the learned men, seven hours every day.
That would be the sweetest thing of all.

Ohhh....
If I were a rich man...


Head Chef

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This reminds me of PT's thread about government theft - taking one person's money by force to give it to another. Except in this case you'd have to hope to get back some of what Barack wants to steal from you.
In Colorado Gov. Ritter is proposing a similar plan, to tax the oil companies. But what do you think oil companies will do if their taxes go up? They'll pass it along to the consumers! So it's really an additional $320 million in taxes that Gov. Ritter wants to take from us in Colorado.

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If ye love wealth better than liberty, the tranquility of servitude than the animated contest of freedom, go from us in peace. May your chains sit lightly upon you, and may posterity forget that you were our countrymen!
- Samuel Adams


Keeper of the Holy Grail

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I agree. nod.gif

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Life is tough but it's tougher if you're stupid.  -John Wayne



Senior Member

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This is kinda like California wanting to impose and extra tax on doctors to pay for insurance for the poor. (It'll just be reflected in higher prices).

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Head Chef

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C'mon, soak the rich. They have lots of money.
Of course, the problem with that philosophy is that, according to the government's standards, most of us on this board are rich.

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If ye love wealth better than liberty, the tranquility of servitude than the animated contest of freedom, go from us in peace. May your chains sit lightly upon you, and may posterity forget that you were our countrymen!
- Samuel Adams


Profuse Pontificator

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Duh.  Ya'll forget that you'll save tons of money if you make sure your tire pressure is at an appropriate level.

BTW, did you see that Paris Hilton "commercial?"  I saw it last night on Glenn Beck and laughed, but also thought it very strange that she made waaaayyyy more sense about energy plans than Obama or McCain.  What's wrong with this country when Paris Hilton makes more sense that the 2 presidential candidates??????weirdface

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"Heck" is for people who don't believe in "Gosh."


Head Chef

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I saw part of the Paris Hilton commercial while eating lunch in the cafeteria yesterday. They were mocking it on the news. They then showed a clip of McCain saying something to the effect of "She makes more sense than Obama does!"
I'm with Glenn Beck on this issue; I don't care if we have to start drilling straight through a caribou's head to get oil, let's get started. So maybe we won't get any oil out of it for a few years. We need to start now so in a few years we'll have that oil.
Obama's strategy makes about as much sense as telling someone whose home is about to be foreclosed on to buy generic brand in the store to save enough money to get their house out of foreclosure. Sure, buying generic makes a lot of sense, but it's nowhere near the level of what you need in order to fix the problem. Same thing with energy. Yeah, making sure your tires are properly inflated is a good idea. But it's nowhere near sufficient to solve our energy problems.
The real problem, of course, is that the oil companies don't want to increase supply. They're perfectly happy with constricting supply and raising prices.

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If ye love wealth better than liberty, the tranquility of servitude than the animated contest of freedom, go from us in peace. May your chains sit lightly upon you, and may posterity forget that you were our countrymen!
- Samuel Adams


Keeper of the Holy Grail

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I agree. nod.gif

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Life is tough but it's tougher if you're stupid.  -John Wayne



Senior Member

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me too

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Profuse Pontificator

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What frustrates me is that keeping appropriate tire pressure is a good idea.  It makes sense and is effective.  But, having the GOVERNMENT regulate something like that or the temperature in my home is called SOCIALIST or FASCIST.  No one can see this when Obama (clue in the Hallejuia chorus) speaks.  He's too revered.  Crowds love him because he can speak a good talk without saying anything substantial.  People aren't actually looking at the issues.  And when you do, you have no idea what he wants/believes. 

I think it is appalling that our congress took a 5 week vacation instead of voting on our energy plan.  GRRRRR!  I wish I could get a job like that.  Don't want to upset your employer(s)?  Take a vacation! boo.gif

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It takes a big man to cry, but it takes a bigger man to laugh at that man.

"Heck" is for people who don't believe in "Gosh."
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