Birdwatch Note Rating
2022-10-07 15:32:50 UTC - NOT_HELPFUL
Rated by Participant: C740DE02E733BBEA4FEF3BF7631F532E2CFD3DEC38BA9790C01078EC3F946ED4
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