Birdwatch Note Rating
2022-10-07 06:51:29 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 458F361FB28F9FFA2B801805AC3950E9F032112B69C7E84BE211F1AD860C34B6
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