Birdwatch Note Rating
2022-10-07 06:51:29 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 3A2F1ADF0748E65F3E245026E636ABEDFA0FAA62A0D64F3FD8967743457AF105
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