Birdwatch Note Rating
2022-10-07 23:50:02 UTC - HELPFUL
Rated by Participant: 6EB12AF5EFBA4D04507B5321E716831BA87742E01D7526C595B6C6C7701B87D9
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