Birdwatch Note Rating
2022-10-08 16:10:47 UTC - HELPFUL
Rated by Participant: 3430AE31A06407284E287716295BB6692BDB07946F53D2046D1112114FF4B3DE
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. Windfall taxes are used when unusually high taxes lead to very high profits, as is the case here. 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