Birdwatch Note Rating
2022-10-07 19:01:47 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 82BA48610D1CB706F1D31BD3DACC096BF224A1ED498D5EFD8DED9B4A8E97ACCC
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