hugo

I wonder if everyone residing in that state is a total moron.

Makes you a girly man.

I agree that Alaska has the right to do what they did. I do not agree that it benefits Alaska. It discourages production and reduces employment for the sake of a welfare check.

Media Darling Warren Buffett Decries Obama?s Windfall Profits Tax By Jeff Poor (Bio | Archive) June 25, 2008 - 15:39 ET Sounds like Obama wants to take Palin's tax and redistribute plan national. Ronald Reagan campigned against and eventually got repealed the windfall profits tax imposed under the Jimmy "the Red" Carter administration.

Snafu, the oil companies are not paying an extra 37.5% in the Gulf Coast state. The Gulf Coast states are getting 37.5% of the revenues from federal auctions of leases in newly approved zones. Alaska is not getting the same deal. You should be mad at the federal government, not oil companies. In fact, Palin’s plan looks similar in concept to Barack Obama’s plan. The state gave Alaskans $1200 checks from oil revenues as a one-time bonus to pay for increased fuel prices, a move Palin pushed. That echoes the Obama plan to send one-time rebates to taxpayers, funded by similar levies on oil companies. However, the results in Alaska should warn the rest of the country about pursuing this policy. Already oil companies have stopped drilling on state lands, thanks to the tax burden Alaska imposes. It should be cheaper to drill and extract from these areas, but the oil companies have decided to focus their investment instead on the Gulf, where the costs and risks would normally be higher. In Alaska, the government takes 75% of the price on a barrel of oil at current prices, which gives them no incentive to work there. She's a damn commie. Off with her head. Daily Policy Digest Get the DPD in your email Get the DPD RSS Newsfeed Daily Policy Digest Archive Energy Issues March 30, 2006

Sounds like Palin and Alaska's senators need to get on the ball and negotiate with the feds. Not place another tax on oil. She should have been Obama's running mate.

I need to check this some more but I believe in Louisiana the states get 37.5% of the federal lease revenues.. There is not an additional tax.

False, a free market does not mean everyone is born with equal assets. You will always have your rich and your poor, your ugly and your beautiful, your geniuses and your morons. No one ever suggests good looking people should take an ugly pill, or geniuses should take a stupid pill to negate an advantage they were born with. Yet people think inheritors of wealth should be taxed to make things fair. I'll let Paris keep her money, Just give me Brad Pitt's looks. He has had them long enough to make his fortune. Life ain't fair, government makes it less fair--Hugo

Lenin would be proud of Palin. I don't think 1200 bucks will last long if you choose to remain unemployed since your subsistence hunting gig went away thanks to big government. It is amazing how government creates problems and the answer people come up with to the problems is more government.

The oil companies already pay lease fees to drill. The windfall profits tax is an additional expense. It is not the oil companies that are being greedy but the federal government that prevebts Alaska from receiving significant.revenue on leases. Of course the primary problem remains the income redistribution which Palin engaged in. It is the same ideology as Barack's income tax cuts that includes individuals that pay no taxes. I am looking for a Barry Goldwater among the Republicans, not a GW in a dress.

You have seen it at least twice now. You still do not comprehend it. What makes a scoiety rich and what creates a middle class is free market economies . When you subsidize sloth and failure you simply perpetuate poverty, and poverty's friends crime and drug abuse. not allieve it. When government redistributes wealth society is poorer for it.

[ame=http://www.youtube.com/watch?v=RWsx1X8PV_A]YouTube - Milton Friedman - Greed[/ame]

#1) I don't like the concept of a windfall profits tax. It infers that corporations can make too much profit and therefore government must step in to redistribute the wealth. #2) Giving every Alaskan a check, regardless of what they have contributed to the state's coffers, is philosophically akin to giving people who pay no taxes a tax cut. It is income redistribution. The money should have been spent on the proper functions of government such as roads and bridges and police forces and shooting wolves. #3) I am sure, as many income redistribution programs are, that it was quite popular. Politicians are always running for reelection or the next position. Start handing out checks to people it is vote buying regardless if it is a Democrat or Republican doing it. There is nothing wrong with states battling the federal government for their share of funds. It is sad they have to do so. Consumers are the ones who ultimately pay for most of the taxes imposed on oil companies

A past life memory of watching Sitting Bull get his just desserts.

It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest. Adam Smith

The only good koala is a dead koala.

The Indians were basically a bunch of commies. Good thing we killed most of 'em.

I've filled my canoe with Budweiser and vienna sausages and plugged up the holes. I'm gettin' ready to paddle to Australia.

Little boy: Mommy, mommy, I hate sister's guts. Non-PC mommy: Shut up, and eat 'em whle they are hot.

If she had spent the money on essential state sevices, rather than simple vote buying, I'd have some respect for the decision. I hope the GOP veers back to a limited government philosophy that it once stood for.

A woman of mystery.

Heard Cheney is trying to heal the rift. Invited Joe to go hunting with him.

How were the oil companies inflating the price of gas?

"To help Alaskans with high gas prices, she gave a one-time $1,200 tax rebate and repealed the state?s 8-cents-a-gallon gasoline tax for a year. The funds for these consumer rebates will come from a windfall profits tax she imposed on oil companies last year." I call that socialism.

Ralph Waldo Emerson must have been single and unemployed--Hugo