Birdwatch Note Rating
2022-10-07 16:40:46 UTC - HELPFUL
Rated by Participant: 9EADA94CE00754DE2C8322C7DF16E984F3F7AF985DF025C869D6975E44317EE0
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