Birdwatch Note Rating
2022-10-07 12:18:44 UTC - NOT_HELPFUL
Rated by Participant: BE4D6C98CD88F481E8B6CC126D1EE77663FF732FA0E1A6EB77D3B11DE85705F6
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