The uninformed will take all these exacerbated numbers and just roll with the flow; however I don’t, I’m not poor, not small minded, not brainwashed, don’t have a small mind, don’t protect the rich because they will do well regardless of what they pay or whatever the economic situation . People But it is true that able bodied poor people aren’t contributing to our society financially and are taking more than they are giving. Some are not able and I’m perfectly willing to help and exclude them on a case by case basis. Remember the quote by JFK, “Ask not what this country can do for you, but what can you do for this country” This country was built on capitalism and free market profits and it’s a shame that the government, liberal media, and it’s minions have decent people out there devising plans to confiscate someone else’s wealth instead of teaching them to fish for themselves. I know that I have an open mind and isn’t brainwashed because I conduct the necessary research in most cases to have an informed prognosis on the issue(s).
Now let’s dissect this fallacy of smoke and mirrors by opening the books on Exxon Mobil’s record 16 Billion quarterly profits in 2012. That’s right in 2012 Exxon Mobil made a record 15.9B on revenues of 127B with a profit margin of 12%. There were 7.5B made from tax breaks and 8.4B straight profit for the 15.9 total. Big Government received 26.6B in taxes and let’s just round that out to 27B. Exxon also spent 9.3B in research and development of oil and natural gas supplies in the 2nd quarter of record profits.
Now let’s break this down even more, by this blogs anti-capitalists proposal they want to give the Feds the 7.5B plus the 26.6B they already squandered on deficit reduction for a total of 34B while the company that is providing jobs, conducting research and development for the economy is left with 8.4B and has done what JFK stated in doing for this country. Think about it 27B + 16B +9B = 52B – 127B = 75B. that’s the money that Exxon has contributed to this countries ell being and making a profit is good and way better than the Federal government picking winners and losers , causing divisiveness and wasting tax payer dollars on political ideology. This goes for both parties; however the Democrats are the leaders of the pack.
With credible research, I’m positive that you can expose the rest of these exacerbated numbers by turning the pages a little bit more!
@Funk..your not making any sense. You are making excuses for the rich...As far as you not being poor-according to the big boys in DC think you are poor. My rule of thumb-if it doesn't apply let it fly..
What I have posted is perfectly clear, your post is a cloud of anti-capitalistic dust. I just exposed the big oil debate and it is impossible for me to expose the rest of the smoke and mirrors. It's up to you, I'm not the one who doesn't listen to or watches the either side of the debate! FYI, the big boys in DC don't know didly about what you or me are going through or our economic conditions. The solution to problems in our society lies closer to it.
Please explain how making 127B and paying 75B for jobs, research and exploration. Paying 27B in taxes to the Feds, earning 8.4B in profit along with a 7.5B tax break is wrong?
Did anyone check out how much taxes are paid by the top 25 businesses in this country and the rates they pay? Might be an eye opener when blaming the top 1 percent for being greedy while their supporting the economy by paying taxes and keeping people employed. Where would the economy be if they cut back on production, amount of taxes paid, and reduced employment? That would certainly be cause for alarm.
@funk...lol..that's too much stuff to research. Im going to let you and Seb have this one. 1 point for the conservatives.
PN, thanks and that 1 point for conservatives is actually a point for us all in being open minded enough to realize that the path to prosperity is to un-leash the free markets, and reduce the size and scope of big government. Governments main job is to protect our rights, freedom of speech and hold businesses accountable for their actions, not to regulate their activity. Who is the author of this article , more insight can be acknowledged by their history?