Why can't Obama see that if he increases tax on major oil companies they will only pass it on to us?

blind ignorance is my guess. A politician may have some insight to every day problems IF he EVER had to deal with them.Why can't Obama see that if he increases tax on major oil companies they will only pass it on to us?
The tax is only if the oil companies don't spend at least 25% of the ';profits'; on future drilling.





It is just making them do what they SAY they are doing anyway.





It is a windfall tax, trying to stop the all out raping of the American public and destruction of the country by big oil.





Edit: One person ';Justagrandma'; gets it, how utterly pathetic the average American citizen is, how brainwashed can you people get?





WTFU


Perfect answer JustagrandmaWhy can't Obama see that if he increases tax on major oil companies they will only pass it on to us?
A windfall tax is designed to keep companies from excessively profiting on their product.


It allows a certain margin of profit and then all excess profits are taxed at a higher rate, so its no longer profitable for the company to see how high they can raise prices because the tax just goes up. If the company can't keep the excess money there is no point in charging customers more. It would only go to the government, not to them. No point in 'passing it on' because higher profit would still not go to them.
Because all leftists want is to tax the people more so they can have more power.





The democrats know best way tax the people without directly taxing them because there are too many ignorant people out there.





Increase taxes on businesses = higher business costs = higher prices to pay for the taxes = we all pay more = we paid the taxes for the businesses.
Obama is a rich liberal. They have no touch with reality.


They have no clue about the working class. That's where the tax-and-spend mentality comes from.
He's not exceptionally bright. The concept is beyond his intellect. Karl Marx didn't cover this...
My guess he can only say change...he does not know how or what ..nor does he have a clue about economics......he is just a racist Socalist
I don't understand why he's so ignorant on so many things. Doesn't say much for his Ivy League education, if you ask me.