Birdwatch Note Rating
2022-10-07 19:01:47 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 007F23F3456702E680D70E0B5AD90ABD357F5688975DC6C57F4BAD3B99CBC6CF
Participant Details
Original Note:
Whether other users believe the high prices are justified or not is beside the point: it's true that these high prices have resulted in record profits, and it's not unheard of to tax businesses that profit from unusually high prices. It's called an excess profits tax. https://www.theguardian.com/business/2022/jul/29/oil-gas-company-profits-fuel-prices-shell-exxon-chevron https://www.washingtonpost.com/world/2022/08/08/oil-companies-profits-inflation/ https://www.taxpolicycenter.org/taxvox/petroleum-profit-tax-would-be-efficient-and-progressive
All Note Details