Title: Time to consider a windfall profits tax
Frank Pentangelli - November 2, 2009 04:06 PM (GMT)
| QUOTE |
Ford has announced profits of almost $1bn (£611m) between July and September thanks to increased market share and a successful cost-cutting programme.
Pre-tax profit for the quarter came in at $997m, compared with a loss of $161m a year earlier. Revenue was $30.9bn, down $800m on a year ago. |
JohnDough - November 2, 2009 07:49 PM (GMT)
$1Billion = $40billion?
Oh and Ford never took any taxpayer money. Could of had some of that stock @ $1.16 if you had been paying attention. ;)
MyNameIs_Mud - November 3, 2009 11:35 PM (GMT)
| QUOTE (JohnDough @ Nov 2 2009, 12:49 PM) |
$1Billion = $40billion?
Oh and Ford never took any taxpayer money. Could of had some of that stock @ $1.16 if you had been paying attention. ;) |
Fucking kicking myself that I didn't. I chickened out on some good advice. Eh, such is life.
Chin - November 4, 2009 12:09 AM (GMT)
Motor Co.'s stock jumped 58 cents, or more than 8%, to close at $7.58 Monday -- quite a leap from its low of $1.01 reached last Nov. 20 -- after the automaker reported a surprise $997-million profit.
600% profit and no bailout money.
The free market is Baaaaaaaaaaaaad!
Trust Obama.
:lol:
JohnDough - November 4, 2009 12:40 AM (GMT)
| QUOTE (MyNameIs_Mud @ Nov 3 2009, 04:35 PM) |
| QUOTE (JohnDough @ Nov 2 2009, 12:49 PM) | $1Billion = $40billion?
Oh and Ford never took any taxpayer money. Could of had some of that stock @ $1.16 if you had been paying attention. ;) |
Fucking kicking myself that I didn't. I chickened out on some good advice. Eh, such is life.
|
I'm just pissed I got it @ $1.16. Should have waited another week. lol
Frank Pentangelli - November 4, 2009 02:28 AM (GMT)
| QUOTE (JohnDough @ Nov 2 2009, 07:49 PM) |
$1Billion = $40billion?
Oh and Ford never took any taxpayer money. Could of had some of that stock @ $1.16 if you had been paying attention. ;) |
So there is an "acceptable" level of profits. So where is the threshold over which there should be a windfall profits tax?
JohnDough - November 4, 2009 05:36 AM (GMT)
| QUOTE (Frank Pentangelli @ Nov 3 2009, 07:28 PM) |
| QUOTE (JohnDough @ Nov 2 2009, 07:49 PM) | $1Billion = $40billion?
Oh and Ford never took any taxpayer money. Could of had some of that stock @ $1.16 if you had been paying attention. ;) |
So there is an "acceptable" level of profits. So where is the threshold over which there should be a windfall profits tax?
|
Do you have a point?
ChampsX5 - November 4, 2009 07:11 AM (GMT)
| QUOTE (JohnDough @ Nov 4 2009, 12:36 AM) |
| QUOTE (Frank Pentangelli @ Nov 3 2009, 07:28 PM) | | QUOTE (JohnDough @ Nov 2 2009, 07:49 PM) | $1Billion = $40billion?
Oh and Ford never took any taxpayer money. Could of had some of that stock @ $1.16 if you had been paying attention. ;) |
So there is an "acceptable" level of profits. So where is the threshold over which there should be a windfall profits tax?
|
Do you have a point?
|
Exposing the flaw in your logic?
Frank Pentangelli - November 4, 2009 02:39 PM (GMT)
| QUOTE (JohnDough @ Nov 4 2009, 05:36 AM) |
| QUOTE (Frank Pentangelli @ Nov 3 2009, 07:28 PM) | | QUOTE (JohnDough @ Nov 2 2009, 07:49 PM) | $1Billion = $40billion?
Oh and Ford never took any taxpayer money. Could of had some of that stock @ $1.16 if you had been paying attention. ;) |
So there is an "acceptable" level of profits. So where is the threshold over which there should be a windfall profits tax?
|
Do you have a point?
|
Are only certain industries eligible for the WPT? Or is it driven by the amount of profits? What is the threshold? Should we use gross profits or P/E? Maybe some other metric?
If it's for certain verticals, upon what basis do we choose which industries are immune and others are not? Do we just go with those that we feel most beholden to or is there some non-emotional, objective standard?
Here's your chance to be substantive. Ready...go.
JohnDough - November 4, 2009 05:09 PM (GMT)
| QUOTE (ChampsX5 @ Nov 4 2009, 12:11 AM) |
| QUOTE (JohnDough @ Nov 4 2009, 12:36 AM) | | QUOTE (Frank Pentangelli @ Nov 3 2009, 07:28 PM) | | QUOTE (JohnDough @ Nov 2 2009, 07:49 PM) | $1Billion = $40billion?
Oh and Ford never took any taxpayer money. Could of had some of that stock @ $1.16 if you had been paying attention. ;) |
So there is an "acceptable" level of profits. So where is the threshold over which there should be a windfall profits tax?
|
Do you have a point?
|
Exposing the flaw in your logic?
|
Show me where I was an advocate of a windfall profit tax.
I was merely pointing out that JP is being snarky and to compare $1B in profits to a company like Exxon with $40B is pointless.
JohnDough - November 4, 2009 05:14 PM (GMT)
| QUOTE (Frank Pentangelli @ Nov 4 2009, 07:39 AM) |
| QUOTE (JohnDough @ Nov 4 2009, 05:36 AM) | | QUOTE (Frank Pentangelli @ Nov 3 2009, 07:28 PM) | | QUOTE (JohnDough @ Nov 2 2009, 07:49 PM) | $1Billion = $40billion?
Oh and Ford never took any taxpayer money. Could of had some of that stock @ $1.16 if you had been paying attention. ;) |
So there is an "acceptable" level of profits. So where is the threshold over which there should be a windfall profits tax?
|
Do you have a point?
|
Are only certain industries eligible for the WPT? Or is it driven by the amount of profits? What is the threshold? Should we use gross profits or P/E? Maybe some other metric?
If it's for certain verticals, upon what basis do we choose which industries are immune and others are not? Do we just go with those that we feel most beholden to or is there some non-emotional, objective standard?
Here's your chance to be substantive. Ready...go.
|
In 1980, federal legislation was passed that levied such a tax on oil companies because of the profits they earned as a result of the sharp increase in oil prices in the 1970s. Since then, the tax has not been reenacted.
Again, your point is?
MyNameIs_Mud - November 4, 2009 07:45 PM (GMT)
| QUOTE (JohnDough @ Nov 3 2009, 05:40 PM) |
| QUOTE (MyNameIs_Mud @ Nov 3 2009, 04:35 PM) | | QUOTE (JohnDough @ Nov 2 2009, 12:49 PM) | $1Billion = $40billion?
Oh and Ford never took any taxpayer money. Could of had some of that stock @ $1.16 if you had been paying attention. ;) |
Fucking kicking myself that I didn't. I chickened out on some good advice. Eh, such is life.
|
I'm just pissed I got it @ $1.16. Should have waited another week. lol
|
Nice call regardless. That's what I get for playing it safe. An extra $60k is always helpful, isn't it. God damn it...
Frank Pentangelli - November 5, 2009 07:54 AM (GMT)
| QUOTE (JohnDough @ Nov 4 2009, 05:14 PM) |
| QUOTE (Frank Pentangelli @ Nov 4 2009, 07:39 AM) | | QUOTE (JohnDough @ Nov 4 2009, 05:36 AM) | | QUOTE (Frank Pentangelli @ Nov 3 2009, 07:28 PM) | | QUOTE (JohnDough @ Nov 2 2009, 07:49 PM) | $1Billion = $40billion?
Oh and Ford never took any taxpayer money. Could of had some of that stock @ $1.16 if you had been paying attention. ;) |
So there is an "acceptable" level of profits. So where is the threshold over which there should be a windfall profits tax?
|
Do you have a point?
|
Are only certain industries eligible for the WPT? Or is it driven by the amount of profits? What is the threshold? Should we use gross profits or P/E? Maybe some other metric?
If it's for certain verticals, upon what basis do we choose which industries are immune and others are not? Do we just go with those that we feel most beholden to or is there some non-emotional, objective standard?
Here's your chance to be substantive. Ready...go.
|
In 1980, federal legislation was passed that levied such a tax on oil companies because of the profits they earned as a result of the sharp increase in oil prices in the 1970s. Since then, the tax has not been reenacted.
Again, your point is?
|
So you punt. Not surprising.
JohnDough - November 5, 2009 06:46 PM (GMT)
| QUOTE (Frank Pentangelli @ Nov 5 2009, 12:54 AM) |
| QUOTE (JohnDough @ Nov 4 2009, 05:14 PM) | | QUOTE (Frank Pentangelli @ Nov 4 2009, 07:39 AM) | | QUOTE (JohnDough @ Nov 4 2009, 05:36 AM) | | QUOTE (Frank Pentangelli @ Nov 3 2009, 07:28 PM) | | QUOTE (JohnDough @ Nov 2 2009, 07:49 PM) | $1Billion = $40billion?
Oh and Ford never took any taxpayer money. Could of had some of that stock @ $1.16 if you had been paying attention. ;) |
So there is an "acceptable" level of profits. So where is the threshold over which there should be a windfall profits tax?
|
Do you have a point?
|
Are only certain industries eligible for the WPT? Or is it driven by the amount of profits? What is the threshold? Should we use gross profits or P/E? Maybe some other metric?
If it's for certain verticals, upon what basis do we choose which industries are immune and others are not? Do we just go with those that we feel most beholden to or is there some non-emotional, objective standard?
Here's your chance to be substantive. Ready...go.
|
In 1980, federal legislation was passed that levied such a tax on oil companies because of the profits they earned as a result of the sharp increase in oil prices in the 1970s. Since then, the tax has not been reenacted.
Again, your point is?
|
So you punt. Not surprising.
|
You weren't interested in discourse. You were just being a smart ass dick who thinks he knows-it-all.
Frank Pentangelli - November 6, 2009 02:04 AM (GMT)
| QUOTE (JohnDough @ Nov 5 2009, 06:46 PM) |
| QUOTE (Frank Pentangelli @ Nov 5 2009, 12:54 AM) | | QUOTE (JohnDough @ Nov 4 2009, 05:14 PM) | | QUOTE (Frank Pentangelli @ Nov 4 2009, 07:39 AM) | | QUOTE (JohnDough @ Nov 4 2009, 05:36 AM) | | QUOTE (Frank Pentangelli @ Nov 3 2009, 07:28 PM) | | QUOTE (JohnDough @ Nov 2 2009, 07:49 PM) | $1Billion = $40billion?
Oh and Ford never took any taxpayer money. Could of had some of that stock @ $1.16 if you had been paying attention. ;) |
So there is an "acceptable" level of profits. So where is the threshold over which there should be a windfall profits tax?
|
Do you have a point?
|
Are only certain industries eligible for the WPT? Or is it driven by the amount of profits? What is the threshold? Should we use gross profits or P/E? Maybe some other metric?
If it's for certain verticals, upon what basis do we choose which industries are immune and others are not? Do we just go with those that we feel most beholden to or is there some non-emotional, objective standard?
Here's your chance to be substantive. Ready...go.
|
In 1980, federal legislation was passed that levied such a tax on oil companies because of the profits they earned as a result of the sharp increase in oil prices in the 1970s. Since then, the tax has not been reenacted.
Again, your point is?
|
So you punt. Not surprising.
|
You weren't interested in discourse. You were just being a smart ass dick who thinks he knows-it-all.
|
LOL...you're interested in discourse? Really? Since when?
I gave you a chance and you punted. Now you're saying I'm insincere. Comedy Central.
JohnDough - November 6, 2009 05:33 AM (GMT)
| QUOTE (Frank Pentangelli @ Nov 5 2009, 07:04 PM) |
| QUOTE (JohnDough @ Nov 5 2009, 06:46 PM) | | QUOTE (Frank Pentangelli @ Nov 5 2009, 12:54 AM) | | QUOTE (JohnDough @ Nov 4 2009, 05:14 PM) | | QUOTE (Frank Pentangelli @ Nov 4 2009, 07:39 AM) | | QUOTE (JohnDough @ Nov 4 2009, 05:36 AM) | | QUOTE (Frank Pentangelli @ Nov 3 2009, 07:28 PM) | | QUOTE (JohnDough @ Nov 2 2009, 07:49 PM) | $1Billion = $40billion?
Oh and Ford never took any taxpayer money. Could of had some of that stock @ $1.16 if you had been paying attention. ;) |
So there is an "acceptable" level of profits. So where is the threshold over which there should be a windfall profits tax?
|
Do you have a point?
|
Are only certain industries eligible for the WPT? Or is it driven by the amount of profits? What is the threshold? Should we use gross profits or P/E? Maybe some other metric?
If it's for certain verticals, upon what basis do we choose which industries are immune and others are not? Do we just go with those that we feel most beholden to or is there some non-emotional, objective standard?
Here's your chance to be substantive. Ready...go.
|
In 1980, federal legislation was passed that levied such a tax on oil companies because of the profits they earned as a result of the sharp increase in oil prices in the 1970s. Since then, the tax has not been reenacted.
Again, your point is?
|
So you punt. Not surprising.
|
You weren't interested in discourse. You were just being a smart ass dick who thinks he knows-it-all.
|
LOL...you're interested in discourse? Really? Since when?
I gave you a chance and you punted. Now you're saying I'm insincere. Comedy Central.
|
Thank you for giving me a chance.
Frank Pentangelli - November 6, 2009 02:06 PM (GMT)
| QUOTE (JohnDough @ Nov 6 2009, 05:33 AM) |
| QUOTE (Frank Pentangelli @ Nov 5 2009, 07:04 PM) | | QUOTE (JohnDough @ Nov 5 2009, 06:46 PM) | | QUOTE (Frank Pentangelli @ Nov 5 2009, 12:54 AM) | | QUOTE (JohnDough @ Nov 4 2009, 05:14 PM) | | QUOTE (Frank Pentangelli @ Nov 4 2009, 07:39 AM) | | QUOTE (JohnDough @ Nov 4 2009, 05:36 AM) | | QUOTE (Frank Pentangelli @ Nov 3 2009, 07:28 PM) | | QUOTE (JohnDough @ Nov 2 2009, 07:49 PM) | $1Billion = $40billion?
Oh and Ford never took any taxpayer money. Could of had some of that stock @ $1.16 if you had been paying attention. ;) |
So there is an "acceptable" level of profits. So where is the threshold over which there should be a windfall profits tax?
|
Do you have a point?
|
Are only certain industries eligible for the WPT? Or is it driven by the amount of profits? What is the threshold? Should we use gross profits or P/E? Maybe some other metric?
If it's for certain verticals, upon what basis do we choose which industries are immune and others are not? Do we just go with those that we feel most beholden to or is there some non-emotional, objective standard?
Here's your chance to be substantive. Ready...go.
|
In 1980, federal legislation was passed that levied such a tax on oil companies because of the profits they earned as a result of the sharp increase in oil prices in the 1970s. Since then, the tax has not been reenacted.
Again, your point is?
|
So you punt. Not surprising.
|
You weren't interested in discourse. You were just being a smart ass dick who thinks he knows-it-all.
|
LOL...you're interested in discourse? Really? Since when?
I gave you a chance and you punted. Now you're saying I'm insincere. Comedy Central.
|
Thank you for giving me a chance.
|
You bet.
JohnDough - November 9, 2009 05:44 PM (GMT)
| QUOTE (MyNameIs_Mud @ Nov 4 2009, 12:45 PM) |
| QUOTE (JohnDough @ Nov 3 2009, 05:40 PM) | | QUOTE (MyNameIs_Mud @ Nov 3 2009, 04:35 PM) | | QUOTE (JohnDough @ Nov 2 2009, 12:49 PM) | $1Billion = $40billion?
Oh and Ford never took any taxpayer money. Could of had some of that stock @ $1.16 if you had been paying attention. ;) |
Fucking kicking myself that I didn't. I chickened out on some good advice. Eh, such is life.
|
I'm just pissed I got it @ $1.16. Should have waited another week. lol
|
Nice call regardless. That's what I get for playing it safe. An extra $60k is always helpful, isn't it. God damn it...
|
$8.10 this morning.
Still a good price. F will hit $20 by 2013.
Frank Pentangelli - November 17, 2009 04:14 PM (GMT)
| QUOTE (JohnDough @ Nov 9 2009, 05:44 PM) |
| QUOTE (MyNameIs_Mud @ Nov 4 2009, 12:45 PM) | | QUOTE (JohnDough @ Nov 3 2009, 05:40 PM) | | QUOTE (MyNameIs_Mud @ Nov 3 2009, 04:35 PM) | | QUOTE (JohnDough @ Nov 2 2009, 12:49 PM) | $1Billion = $40billion?
Oh and Ford never took any taxpayer money. Could of had some of that stock @ $1.16 if you had been paying attention. ;) |
Fucking kicking myself that I didn't. I chickened out on some good advice. Eh, such is life.
|
I'm just pissed I got it @ $1.16. Should have waited another week. lol
|
Nice call regardless. That's what I get for playing it safe. An extra $60k is always helpful, isn't it. God damn it...
|
$8.10 this morning.
Still a good price. F will hit $20 by 2013.
|
When will the Dow hit 6500 again? I pretty much plan my finances around your...models.
JohnDough - November 17, 2009 04:40 PM (GMT)
| QUOTE (Frank Pentangelli @ Nov 17 2009, 09:14 AM) |
| QUOTE (JohnDough @ Nov 9 2009, 05:44 PM) | | QUOTE (MyNameIs_Mud @ Nov 4 2009, 12:45 PM) | | QUOTE (JohnDough @ Nov 3 2009, 05:40 PM) | | QUOTE (MyNameIs_Mud @ Nov 3 2009, 04:35 PM) | | QUOTE (JohnDough @ Nov 2 2009, 12:49 PM) | $1Billion = $40billion?
Oh and Ford never took any taxpayer money. Could of had some of that stock @ $1.16 if you had been paying attention. ;) |
Fucking kicking myself that I didn't. I chickened out on some good advice. Eh, such is life.
|
I'm just pissed I got it @ $1.16. Should have waited another week. lol
|
Nice call regardless. That's what I get for playing it safe. An extra $60k is always helpful, isn't it. God damn it...
|
$8.10 this morning.
Still a good price. F will hit $20 by 2013.
|
When will the Dow hit 6500 again? I pretty much plan my finances around your...models.
|
5000 2014
You should follow the models. They work. Let me know if you need anymore tips.
Frank Pentangelli - November 25, 2009 07:03 AM (GMT)
| QUOTE (JohnDough @ Nov 17 2009, 04:40 PM) |
| QUOTE (Frank Pentangelli @ Nov 17 2009, 09:14 AM) | | QUOTE (JohnDough @ Nov 9 2009, 05:44 PM) | | QUOTE (MyNameIs_Mud @ Nov 4 2009, 12:45 PM) | | QUOTE (JohnDough @ Nov 3 2009, 05:40 PM) | | QUOTE (MyNameIs_Mud @ Nov 3 2009, 04:35 PM) | | QUOTE (JohnDough @ Nov 2 2009, 12:49 PM) | $1Billion = $40billion?
Oh and Ford never took any taxpayer money. Could of had some of that stock @ $1.16 if you had been paying attention. ;) |
Fucking kicking myself that I didn't. I chickened out on some good advice. Eh, such is life.
|
I'm just pissed I got it @ $1.16. Should have waited another week. lol
|
Nice call regardless. That's what I get for playing it safe. An extra $60k is always helpful, isn't it. God damn it...
|
$8.10 this morning.
Still a good price. F will hit $20 by 2013.
|
When will the Dow hit 6500 again? I pretty much plan my finances around your...models.
|
5000 2014
You should follow the models. They work. Let me know if you need anymore tips.
|
You're a genius.