Birdwatch Note Rating
2022-10-07 01:11:54 UTC - HELPFUL
Rated by Participant: 1F34E7DB626FD35C0F4B004C452DCE1D6D857BB21A37ECE876A4E70AC2156A9A
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