Democrats Plan To Redistribute

[Marnie]

From the NY Sun

House Democrats in the first weeks of the new Congress plan to establish a dedicated fund to promote renewable energy and conservation, using money from oil companies.

That's only one legislative hit the oil industry is expected to take next year as a Congress run by Democrats is likely to show little sympathy to the cash-rich, high-profile business.

Whether the issue is rolling back tax breaks

[Leonard]

So Congress--which has done such a bang-up job of lowering the national debt, and regulating every detail of our day to day lives--NOW feels they can run the oil companies with greater expertise than actual, experienced oilmen! Their arrogance and mendacity is unparallelled!

Mark Twain said it best: "There is only one native criminal class in America; it is called Congress."

RIGHT NOW millions of Americans who have IRAs, 401Ks, mutual funds, and other Retirement Savings Vehicles, are holding (whether they know it or not) some stock in oil and energy companies. In other words, we are responsible, and are helping provide for our own retirement, are being blessed by the success of those "bad 'Big Oil' companies!"

The Democrats, of course have a better idea: They intend to take money away from 'Big Oil'. But what this really means is they are going to damage productive citizens' retirement funds, and GIVE that money to people who will vote Democrat (various 'enviro-geek' lobbies), who essentially contribute NOTHING to the economy!

When they put the hurt on "evil 'Big Oil' companies" YOUR RETIREMENT PLANNING is damaged. If the Democrats can do it, you will be reduced to penury, and be dependent on government for everything when you get old. That's pure Marxism, and it is a vile, evil plot, ignoring the Commandment of God that "THOU SHALT NOT STEAL."

[AnotherTraveler]

Big Oil greed took a few extra helpings this time around, no one is saying that they are not in business to do business and they did give the consumer the business this last go round, however...

When someone takes it upon themselves to redistribute someone else's money, it is just plain wrong. Big Oil should pay their taxes and any other fees that they legally owe, but otherwise no one should put their hands on someone else's money.

I don't like siding with Big Oil, but I certainly don't like the alternative Democrat position.

[forrestkc]

Well, I mean should we, as the Republican congress did, provide subsidies to what is right now the most profitable industry in the history of civilization?

I don't think we should. I see nothing wrong at all with taking the billions of dollars in tax breaks and corporate welfare handed to the oil industry in the last energy bill and giving them to the fledgling alternative energy industry instead.

That said, that is as far as I would go. I would be against any windfall taxes, or penalties.

[AnotherTraveler]

Corporate welfare is such a blight on our land, but how to stop it without just stopping it? The law should make any and all of it illegal, but that will never happen. There is a coming kingdom that will establish righteousness, but short of that, I hate the piecemeal repairs that we try to do, it's like we're patching a hole as hundreds or thousands of new holes are being made at the same time.

I see what you mean forrestkc. To let them keep wallowing in the government trough is really not right either. It can be so very frustrating.

[Leonard]

Well, I mean should we, as the Republican congress did, provide subsidies to what is right now the most profitable industry in the history of civilization?

I don't think we should. I see nothing wrong at all with taking the billions of dollars in tax breaks and corporate welfare handed to the oil industry in the last energy bill and giving them to the fledgling alternative energy industry instead.

That said, that is as far as I would go. I would be against any windfall taxes, or penalties.

Forrest, let me get this straight, you want to 'take the billions' but are OPPOSED to a windfall profits tax? You seem a little confusing here........

By the way, the definition of 'windfall profits': "Profits that I don't think you should have................."

And didn't you get the whole point of my post? If the government steals the money from the oil companies, and gives it to their 'recipients of choice' (of course government will also take it's own, massive, bureaucratic cut), that HURTS millions of responsible Americans.

[Leonard]

Corporate welfare is such a blight on our land, but how to stop it without just stopping it? The law should make any and all of it illegal, but that will never happen. There is a coming kingdom that will establish righteousness, but short of that, I hate the piecemeal repairs that we try to do, it's like we're patching a hole as hundreds or thousands of new holes are being made at the same time.

I see what you mean forrestkc. To let them keep wallowing in the government trough is really not right either. It can be so very frustrating.

Fellow Traveler: You are thoroughly confused about economics. Please read Ludwig von Mises.

So called 'corporate welfare' almost always means that industry gets a tax break. If industry gets a tax break they can sink more into R&D, and hire more people. What do you find obscene about that? I never worked for a poor man in my life!

And how is a tax cut 'wallowing at the government trough'? I mean your phraseology indicates they are TAKING something. Rather, they are merely not being as victimized by our confiscatory and immoral tax system, as they could be.

I urge you again to read Ludwig von Mises.

[Marnie]

I urge you again to read Ludwig von Mises.

For the sake what I call "unindoctrination"....

My hero, next to you Leonard.

[AnotherTraveler]

Fair enough