Friday, August 1, 2008

Another Perspective on Big Oil Profits

This blurb came from the Vancouver Sun:
Exxon earned more than $128 million a day, or nearly $1,500 every second during the quarter. The company said that was after it paid $4,100 a second in taxes and $14,700 a second in expenses to run the business.
So the government get's almost $3 for every $1 Exxon's stockholders get! And that's BEFORE the government collects all the additional taxes from consumers at the pump.

So, with none of the risk the investors have endured, the gov't takes almost 75% of the profit!

But that isn't enough for Obama. He now wants to take a big chunk of the 25% the stockholders had left and distribute it to Americans via another stimulus check!

Democratic greed knows no bounds.

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