Re: OT: Politics [Was:Social Contract]

[Matthias Julius <lists@julius-net.net>]

Steve Lamb <grey@dmiyu.org> writes:

> Cybe R. Wizard wrote:
>> US $9,900,000,000 (billion) profits /by one oil company/ in one
>> quarter when retail prices were skyrocketing.  Does that seem like the
>> oil cartel has the American interests at heart?
>
>     Didn't I address just this in a message 2 days ago?  I make a widget for
> $1, sell it for $1.10, make $.10 and everything's ok.  I make 2 trillion
> widgets for $1, sell them for $1.10, make 20 billion and there's a
> congressional hearing into the matter even though the price per widget, my
> profit margin, never changed.

The situation is a little be different here.  They're not suddenly
selling 2 trillion widgets instead of one.  They are selling each one
of them for $1.50 instead of $1.10.  And why do they need special tax
breaks when they seem to do well?

Matthias