Originally Posted by norriscooper
We get congressional investigations! That's what we get. And if your an investor you get a dividend.
Please tell me what you think they do with the tax breaks.
Taxing corporations: they just pass it on to the consumer, they should all get tax breaks. Besides who owns these oil companies? Investors in most cases including myself.
They are spending money on R&D. Example http://www.bp.com/modularhome.do?categoryId=7010
Would this be considered doing the right thing?
Oil companies would drill and invest more if the government would let them.
And they do create jobs, an oil company hired my son away from me (yea) and even better my daughter was hired by an evil drug company. That's more money in my motorcycle slush fund!
Norris "oil fatcat" Cooper
I asked you first, so what do we get for the 19 billion dollars in tax breaks?
I didn't mention anything about taxing corporations you did.
If the oil companies are doing so well I don't feel the need to subsidize them or their stock holders. Let them and their stock holders take all the risks.
I've been a small business owner for 20+ years now, I get pretty much zero from the Federal Government. Yet a large Pharmaceutical Company near me named Merck gets many tax breaks in the disguise that they will create more jobs. So what do they when they look at a major expansion? They build it in another country!
I didn't see it on TV but a friend of mine did. She was watching an interview with the CEO of DOW chemical. He explained that he had no intention what so ever to create jobs here or invest money back into this country. His financial obligation was only too it's stock holders and the company. He will continue that until the government tells him differently.
Hershey chocolate is moving from Hershey, Pa to Mexico. Are they moving because their losing money here in Pennsylvania? Nope, but they can make more money in Mexico. So 3000 people lose there jobs for what?
Here's a quote for you " I was lucky to be born in a time and place where society values my talent, and gave me a good education to develop that talent, set up laws and the financial system to let me do what I love doing-and making a lot of money doing it. The least I can do is help pay for all of that" Warren Buffet.
Being patriotic is more then waving a flag.
Some of you know I'm connected with Roadgear and some of you have met the CEO Mansoor Shafi at a rally or show. This 5' 4" U.S. Citizen, x Manhattan banker, born in Pakistan stands 10' tall in my eyes. He wants as many products made in this country for Roadgear as he can possibly get made. That's called investing in your country.
Two years ago I got into a heated argument with another vendor. He was using his motorhome headlight assembly as an example since he had to replace it after damaging it. He was crowing about how much money he saved since his new headlight was made in Mexico and he could care less how many people they put out of work because of it! After all look at all the money he saved! He couldn't grasp what I was saying about " look around you, do you think these people are going to buy our products if their flipping burgers somewhere? He just could care less, the only thing he was concerned about was himself.
We rise and fall together my friend.