Birdwatch Note Rating
2022-10-08 19:06:34 UTC - NOT_HELPFUL
Rated by Participant: F5E44EF69BA60DC2173EC47B61CC1CE0CC73CAD92A7221E3025F9749DDBB36AA
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