Posted by the more you know... on March 26, 2007, 10:17 pm, in reply to "A Slice of Dennis Kucinich's Economic Wisdom " Of course it's common knoledge that when oil prices go up, inflation increases, or rather any company that needs oil to bring it's product to the consumer experience an increase in cost and therfore an increase in prices. Also I want to point an error in your message.
83.252.18.84
What the windfall profit tax actually does is increase the tax when their profit margin goes up, it does not however increase the tax if the increase in profit margin is due to a decrease in production cost but it is intended to keep prices at a reasonable level even when demand increases or when supply decreases.
The windfall profit tax brought in $80 billion, not $40 billion as you said.
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