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How about an excess profits tax on Halliburton, Bechtel, et.al?

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Ugnmoose Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-07-03 10:00 PM
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How about an excess profits tax on Halliburton, Bechtel, et.al?
Let those sob's pay for the clean up in Iraq given the fact that they were handed the contracts without any competitive bidding. We can call it a "share the wealth program".
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readmylips Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-07-03 10:04 PM
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1. No background words for little man bushie???
'I FUCKED UP!'
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maggrwaggr Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-07-03 11:28 PM
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2. don't forget the oil companies who are having record profits right now
Anybody remember the "windfall profits tax?"

Or did I grow up in a parallel universe. It feels like it.
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Ouabache Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-07-03 11:33 PM
Response to Reply #2
3. Excess profits tax was done in 1898 and again in 1917, I think.
1898 for sure. I know I have read it somewhere, maybe in one of Howard Zinn's histories that in 1898 war profiteers asked for and EXPECTED extra taxes to be levied on their profits. In fact they publicized the fact that since ordinary Americans sent their sons, the corporations had to be expected and willing to PAY the monetary costs, since they would directly profit from the war. (There was no income tax at that time, btw.)
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