Do you realize how big an idiot you look like when start frothing at the mouth. Again, I think FReepers are an intelligent lot, and know and understand what constitutes a "windfall profist tax" And where did I state the Seattle Times article in this thread liar? What I posted was the Alaska statutory summary which clearly states that taxation rate goes up based on the price of oil. Its crystal clear, so quit spinning it like the moonbat you are.
Jeez!!!!
No, it's crystal clear that this "tax" is a fee for the use of land owned by the state of Alaska, and that the fee is graduating based on the price of oil, not on a company's profits. It means that the more a company drills, the higher the supply of oil, hence the lower the price of oil, hence the less "tax," or fee, the company pays per barrel for the use of the land. The idea was to make it so the oil companies have a financial incentive to INCREASE oil production. It's complicated. You are banking that it's too complicated for most people to go to the trouble of figuring out, and then you try to simplify it with the fearful title "windfall profits tax." And when somebody calls you on your propagandizing, you whine, "You're a frothing moonbat!" because you don't have any other defense.
As for the Seattle Times article, you're right -- you didn't link to it in this thread, and maybe it wasn't you that linked to it in the other thread, either. You cannot find anything to link to that supports your claim that this is a "profits" tax because it isn't. It's a fee based on the price of the commodity being extracted from the land, using the same graduating royalties structure that an oil company would pay to a private land owner, at least according to a poster on one of the blogs who says that in his job, he wrote such contracts between private landowners and oil companies in the past.
"Moonbat," "Frothing at the mouth," all chest-pounding from a guy who has nothing more than anger because Palin made it more expensive for his industry to do business in Alaska. THAT is a legitimate complaint; I'd have more respect for you were honest enough to call this spade a spade. Instead, you pull a Joseph Goebbels and spin it with an illegitimate label designed for scaremongering, "windfall profits tax," when it has nothing to do with a company's profit, but only its potential profit.
You are a liar, and my calling you one has YOU frothing at the mouth, it appears.