Or you could just stop subsidizing them and save about 4.8 billion a year. Why do we have to add more middlemen to document and collect taxes?
this post was submitted on 06 Oct 2023
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A lot of people don't understand just how well the oil and gas industry is treated here. The subsidies are just the tip of the iceberg. If we could see everything that they get away with, I'm sure we'd be upset to say the least.
Exactly. The poorer their behavior, the more toys get taken away.
Going over the list of subsidies the oil and gas sector receive, most of them are received on the basis of developing cleaner sources of energy.
If we are going to do something, taxing the windfall rather than giving up programs that are intended to help the environment means even if you end up giving the money straight back to them through those programs, they are earmarked to a specific goal that is to the benefit of the people and not left to their own discretion.
Why not take the money given to oil companies as R&D grants, and turn it into university R&D grants?
Don't leave us hanging. Why not?
Dunno, I would guess because oil companies donate more to political parties than grad students?
The same sources of cleaner energy that the oil companies have given up on and lied about?
No, they're talking about Carbon Capture. Which is a new source of clean energy the oil companies are lying about.
Honestly I don't care about this. I'd rather we just stop subsidising them and then slap them with a proper carbon tax. If they still manage to make a profit under those conditions, then we can talk.
If they're making record profits, why do they need so many subsidies?
They should be taxed regardless of profits....
CO2 tax please.
yes
Sure, but you know they’ll just raise the prices we pay to make up for it.
Here's the weird thing: if they raise prices and we savagely tax all profits above a certain amount, it ultimately benefits EV people to a massive extent.
Even as a petrol car family, I'm hugely in favour of that plan.
EVs are a stop gap measure. We need better public transit infrastructure and better railways.
We had a great public transit system when most people lived rurally, but that age is behind us. Most people live in urban areas now. Urban areas don't need transit. You can walk everywhere. That's the whole reason cities were created.
Seems like all industries are experiencing record profits, while hard working folks are experiencing record debt.
There's no way the two are connected. /s 🙄
Should have started this 20 years ago.