Instead of complaining about how much a company made (by the way, why didn't you mention how many people they employ?) why not thanking them for all they payed in taxes? How much did you pay in taxes? Wasn't it a democrat (Biden) that said paying taxes is patriotic?They paid more in taxes than all the bottom 50% of earners put together in 2007.
Wow, why do they protest oil with the lowest profits in the world, why not protest places like microsoft or apple with some of the highest. Liberals are just so dumb.
Exxon (XOM) has already paid $19.828 billion in income taxes for 2008 (data here), and will probably pay almost $40 billion in income taxes this year (see graph above, income tax data for 1999-2007 taken from Exxon's annual reports).
google "To put $40 billion of income taxes in perspective"
As a libertarian I agree, what the hell is Exxon getting a subsidy for, it's like subsidizing Wal-Mart hell they doing fine on there own. I hate Corporate Welfare and golden parachutes, read I fucked up my company and I'm taking the last 100 Million with me, way more than public welfare, which at least helps someone who needs it.
I'd encourage anyone who can read SEC filings to do so for this and similar companies. See where they derive a lot of their revenues. You will get steamed to see where they are seeing increased revenues, particularly in light of the attendant pain Americans are experiencing with inflation-fueling fuel costs. Their big role is controlling the prices to the distribution channel from the refineries they are granted to manage (though not own). And we give them our tax dollars as wound salt.
You'd probably notice too that almost all money they make goes into developing new reserves and further exploiting legacy reserves so we can all drive our big fancy SUVs and keep our houses at a constant 68 degrees.
Well see, corporations pass the cost of tax increases on to consumers. You hurt the poor by taxing the rich. You socialist idiots will never get it right. Too busy on your loosechange rants.
The real idiots are people who throw around generic insults like "socialist" rather than providing a shred of evidence to support their "arguments". Do a search for the article "Welcome To Richistan, USA" if you want some actual *facts* on the issue rather than just opinions.
lol - you refer me to an observer article that CITES NO SOURCES? Grow up you class envy guttersnipe - stop whining that you can't compete. Does harming the "rich" people help you??
Uh, try reading the book written by the Wall Street Journal (not exactly a liberally biased source) reporter in the article. You want facts and figures that completely contradict you? Do a search for the article "Good Jobs Are Where The Money Is" by Bob Herbert. You may want to sit down before you read it so you don't faint from having your worldview shattered by a devestating evidence.
YEAH! Those evil corporations never provided anything for humanity!! I work for a homeless guy and make 6 figures and am so happy. I would never work for a rich person because they're evil!
What an idiotic false dichotomy. No one is saying "the evil corporations". The point is that *unregulated* corporations ultimately screw over the majority of people while *regulated* corporations are a wonderful thing for our country. Learn the difference.
Not to mention OPEC is a pricing fixing organization, there is no competition in the oil industry therefore its not capitalism at all. Sherman Anti-trust act broke up Standard Oil and now its worse then it was back then and we not only do nothing, we actually pay them to screw us. Corporations will naturally try to control a market trough monopolization, regulation saves Capitalism from itself.
So it's not evil to screw over the majority of people? Is that what you were implying? Don't be coy - admit where you stand. You want to regulate them into non existence, mr anti-walmart.
Uh, no. I want to prevent monopolies and the screwing of the middle class. Too much regulation is just as bad as not enough regulation. In the last 28 years or so, we've moved way too far on the "no regulation" end of the spectrum with disastrous results. Consider that the average person in the US had their peak buying power in 1973 (when corporate/personal taxes were much higher).
Exxon was formerly Standard Oil of New Jersey and Mobil was formerly Standard Oil of New York which were both, obviously, Standard Oil.
I find it very ironic that over the years that the US has depended on oil and so many government positions have been won due to fighting "Big Oil" that the largest oil company is still Standard Oil.
Standard was also broken into firms that are now ConocoPhillips, Amoco (part of BP now) and Chevron.
Amazing and true, if you account for real inflation (housing, energy, etc.). When people say "inflation is low" they leave out so called "volatile" measures, i.e. the most relevant measures (food, energy, etc.).
I was joking obviously. But since you mentioned it, did you know that the federal government got 33% of its income from corporate taxes in the 50's? As of 2005, it only gets 7.4% (that means WE the taxpayer makes up the difference). This and more is discussed in the article Welcome To Richistan, USA, look it up. 82 of America's largest corporations paid NO taxes in one of the first 3 years of the Bush Administration.
Hint: If you immediately resort to personal attacks there's a GREAT chance that you have no facts to back you up. Can you provide any evidence that "they pass the cost to the consumer", i.e. that we pay less for Exxon/Mobil products? Let me know. Also, look into how many Wal-Mart employees are on government programs because of the pathetic pay/lack of benefits. Some corporations pass *their costs* onto us tax-payers. So those "low-low prices" you think you're getting aren't as low as you think.
Hint: If you try to make class-envy your goal and demonize people who achieve great financial goals, you need to debate against capitalism, not me. Have you ever worked for a poor person? Do you send more than your share of taxes to the government?? I thought not.
Why would you grossly oversimplify a comprehensive, factual argument about the dire situation of the economy/middle class by chalking it up to "class envy". "Class envy" is not a factual matter supported by any sort of evidence, it's simply YOUR oversimplified opinion.
and they will pass the savings from a tax cut onto people too? If it costs a company $4 to make a product that they sell for $10, then a tax cut means it now only cost them $2 to make.. will they cut the price by the $2 saved, or will they be making bigger profits since they know people are willing to pay $10 for their crap?
Do you realize it is impossible to tell where the gasoline you buy comes from?
Gasoline is a commodity. It is bought and sold in open markets. When you gas up at a Shell station you could very well (and probably are) buying gas that was refined by some other firm such as COP or XOM.
Where do you think non-branded mom-and-pop stations get their gasoline? Do they a refinery set up out back?
When you gas up, the gas you pump has already been paid for by the station owner.
God, I should hope so. They're running a country of 300 million people! Besides, the "profit" goes to (theoretically) benefit our country, not to fill up the bank accounts of ultra rich CEO's. Huge difference.
Do a google search to find the ratio of the average company worker in Japan to the average CEO in Japan. Then do the same for the US. Notice anything? US CEOs are payed over EIGHT TIMES as much as Japanese CEOs on average (and it's not like the J-CEO's are making peanuts). Are you going to argue that American CEO's are that much more productive and creative? I don't think so. Not to mention all of the golden parachutes for CEOs that do a mediocre to horrible job. Google "golden parachute".
I know what a golden parachute is. "Mediocre to horrible" can be the result of many things, in many cases aspects that are largely out of the hands of the CEO.
And I would argue that Japan relies much more on its banking system which is quite proficient at holding up struggling firms than the US does.
While many large Japanese firms aren't officially state-owned, it's not too difficult to how Japan's old-world mantras are still present in a business world that never honored them.
Why are you defending absurd CEO pay so strongly (vested intrest)? If you insist on screwing over the masses, maybe I can only get through to you by pointing out that shareholders are also screwed by golden parachutes. One of the many problems is that these people just aren't really aware of just how much CEO's make (aside from basic salary). Also, CEO's made A LOT less in the 50's-70's relative to the 80's-present, but I don't see past CEO's as being any less productive, creative or competent.
CEOs face more competition globally and face stringent regulations from not only the US but in most cases any country they want to deal with.
The fashionable thing to do these days is to have two interest rates, one you charge countries that buy your exports and one you use for normal, day-to-day operations in your country.
The US doesn't do that. This makes it harder for US firms to compete globally.
i make o.0265 and thats in Swedish kronor 1/6
lokalkakan 5 months ago
I make .12 cents a minute! Just saying.
kellenslilman 8 months ago
JIVE TURKEY USA
SCUBONZIES 1 year ago
thats disgusting. im all for capitalism, but this perversion is just not right
jw11432 1 year ago
Some people are so uninformed. GE, B of A, Exxon and others paid $0 in taxes.
FLiveVids 1 year ago
Exxon Mobil paid $0 US tax last year.
themeaningoflife38 1 year ago
Instead of complaining about how much a company made (by the way, why didn't you mention how many people they employ?) why not thanking them for all they payed in taxes? How much did you pay in taxes? Wasn't it a democrat (Biden) that said paying taxes is patriotic?They paid more in taxes than all the bottom 50% of earners put together in 2007.
stoicsquirrel 1 year ago
Wow, why do they protest oil with the lowest profits in the world, why not protest places like microsoft or apple with some of the highest. Liberals are just so dumb.
toastertown6 1 year ago
@toastertown6 you did not even listen to it typical christian
Isuckatpaintball2 1 year ago
Most powerful corporation in the world
BMBaccount 1 year ago
$2,358,720,000,000
jackhartcup 2 years ago
Don't like the idea of Exxon making a lot of money?
DON'T BUY GAS FROM EXXON!!!
Why is that so hard?
NoGuff 3 years ago
Exxon (XOM) has already paid $19.828 billion in income taxes for 2008 (data here), and will probably pay almost $40 billion in income taxes this year (see graph above, income tax data for 1999-2007 taken from Exxon's annual reports).
google "To put $40 billion of income taxes in perspective"
metron999 3 years ago
the ultimate greed. we should find out where these motherfuckers live
viketaker 3 years ago
As a libertarian I agree, what the hell is Exxon getting a subsidy for, it's like subsidizing Wal-Mart hell they doing fine on there own. I hate Corporate Welfare and golden parachutes, read I fucked up my company and I'm taking the last 100 Million with me, way more than public welfare, which at least helps someone who needs it.
dragonlancefire 3 years ago
Good for them, I don't think anyone was complaining back in 01' and 02' when oil companies were having to lay people off.
jarvis1211 4 years ago
I love this video though.
"you're not paying attention."
"you're an idiot"
I don't really think this guy is paying attention to anything except the fleeting notion of the value of a dollar compared to actual reality.
hikeskool 4 years ago
I'd encourage anyone who can read SEC filings to do so for this and similar companies. See where they derive a lot of their revenues. You will get steamed to see where they are seeing increased revenues, particularly in light of the attendant pain Americans are experiencing with inflation-fueling fuel costs. Their big role is controlling the prices to the distribution channel from the refineries they are granted to manage (though not own). And we give them our tax dollars as wound salt.
jcsuperstar714 4 years ago
Yeah.
You'd probably notice too that almost all money they make goes into developing new reserves and further exploiting legacy reserves so we can all drive our big fancy SUVs and keep our houses at a constant 68 degrees.
hikeskool 4 years ago
Well see, corporations pass the cost of tax increases on to consumers. You hurt the poor by taxing the rich. You socialist idiots will never get it right. Too busy on your loosechange rants.
Alfrunk 4 years ago
The real idiots are people who throw around generic insults like "socialist" rather than providing a shred of evidence to support their "arguments". Do a search for the article "Welcome To Richistan, USA" if you want some actual *facts* on the issue rather than just opinions.
Encyclopeteia 4 years ago
lol - you refer me to an observer article that CITES NO SOURCES? Grow up you class envy guttersnipe - stop whining that you can't compete. Does harming the "rich" people help you??
Alfrunk 4 years ago
Uh, try reading the book written by the Wall Street Journal (not exactly a liberally biased source) reporter in the article. You want facts and figures that completely contradict you? Do a search for the article "Good Jobs Are Where The Money Is" by Bob Herbert. You may want to sit down before you read it so you don't faint from having your worldview shattered by a devestating evidence.
Encyclopeteia 4 years ago
Someone's grumpy. Someones.....frunky.
americandodgeball 4 years ago
a corprate world really do make a corpse state!!
Shadowsinwar 4 years ago
YEAH! Those evil corporations never provided anything for humanity!! I work for a homeless guy and make 6 figures and am so happy. I would never work for a rich person because they're evil!
Alfrunk 4 years ago
What an idiotic false dichotomy. No one is saying "the evil corporations". The point is that *unregulated* corporations ultimately screw over the majority of people while *regulated* corporations are a wonderful thing for our country. Learn the difference.
Encyclopeteia 4 years ago 2
Not to mention OPEC is a pricing fixing organization, there is no competition in the oil industry therefore its not capitalism at all. Sherman Anti-trust act broke up Standard Oil and now its worse then it was back then and we not only do nothing, we actually pay them to screw us. Corporations will naturally try to control a market trough monopolization, regulation saves Capitalism from itself.
erkd1 4 years ago
OPEC doesn't set oil prices, they set production targets, and use that to try to maximize profits. It's a COMMODITY!
Alfrunk 4 years ago
Right.
Well, you do realize that when they produce 75% of the oil and set production prices follow accordingly?
OPEC's collective actions (namely Chavez) is responsible for at a $20/bbl premium on the price of oil.
hikeskool 4 years ago
So it's not evil to screw over the majority of people? Is that what you were implying? Don't be coy - admit where you stand. You want to regulate them into non existence, mr anti-walmart.
Alfrunk 4 years ago
Uh, no. I want to prevent monopolies and the screwing of the middle class. Too much regulation is just as bad as not enough regulation. In the last 28 years or so, we've moved way too far on the "no regulation" end of the spectrum with disastrous results. Consider that the average person in the US had their peak buying power in 1973 (when corporate/personal taxes were much higher).
Encyclopeteia 4 years ago
You know what's funny?
Exxon was formerly Standard Oil of New Jersey and Mobil was formerly Standard Oil of New York which were both, obviously, Standard Oil.
I find it very ironic that over the years that the US has depended on oil and so many government positions have been won due to fighting "Big Oil" that the largest oil company is still Standard Oil.
Standard was also broken into firms that are now ConocoPhillips, Amoco (part of BP now) and Chevron.
hikeskool 4 years ago
"Consider that the average person in the US had their peak buying power in 1973"
What an amazing statement.
161803 3 years ago
Amazing and true, if you account for real inflation (housing, energy, etc.). When people say "inflation is low" they leave out so called "volatile" measures, i.e. the most relevant measures (food, energy, etc.).
Encyclopeteia 3 years ago
Man, I wish it was 1973 again--think of all the ipods I could get for $100!
161803 3 years ago
I was joking obviously. But since you mentioned it, did you know that the federal government got 33% of its income from corporate taxes in the 50's? As of 2005, it only gets 7.4% (that means WE the taxpayer makes up the difference). This and more is discussed in the article Welcome To Richistan, USA, look it up. 82 of America's largest corporations paid NO taxes in one of the first 3 years of the Bush Administration.
Encyclopeteia 4 years ago
They pass the cost to the consumer you worthless lying jackass. God stfu with the class envy bullshit.
Alfrunk 4 years ago
Hint: If you immediately resort to personal attacks there's a GREAT chance that you have no facts to back you up. Can you provide any evidence that "they pass the cost to the consumer", i.e. that we pay less for Exxon/Mobil products? Let me know. Also, look into how many Wal-Mart employees are on government programs because of the pathetic pay/lack of benefits. Some corporations pass *their costs* onto us tax-payers. So those "low-low prices" you think you're getting aren't as low as you think.
Encyclopeteia 4 years ago
Hint: If you try to make class-envy your goal and demonize people who achieve great financial goals, you need to debate against capitalism, not me. Have you ever worked for a poor person? Do you send more than your share of taxes to the government?? I thought not.
Alfrunk 4 years ago
Why would you grossly oversimplify a comprehensive, factual argument about the dire situation of the economy/middle class by chalking it up to "class envy". "Class envy" is not a factual matter supported by any sort of evidence, it's simply YOUR oversimplified opinion.
Encyclopeteia 4 years ago
and they will pass the savings from a tax cut onto people too? If it costs a company $4 to make a product that they sell for $10, then a tax cut means it now only cost them $2 to make.. will they cut the price by the $2 saved, or will they be making bigger profits since they know people are willing to pay $10 for their crap?
samalthus 4 years ago
dont buy mobil or exxon gasoline
chumashfalcon 4 years ago
don't buy gasoline at all then...
Visfen 4 years ago 2
Do you realize it is impossible to tell where the gasoline you buy comes from?
Gasoline is a commodity. It is bought and sold in open markets. When you gas up at a Shell station you could very well (and probably are) buying gas that was refined by some other firm such as COP or XOM.
Where do you think non-branded mom-and-pop stations get their gasoline? Do they a refinery set up out back?
When you gas up, the gas you pump has already been paid for by the station owner.
hikeskool 4 years ago
I love Christy Harvey.
JohnnyRyall75 4 years ago
They made 39 billion that year! WHAT A SHAME!
lebaneseameer 4 years ago
Meet Cheney & Bush's BFFs.
souljaEXVOTO 4 years ago
$756,000,000.00 a week.
Lungyao1 4 years ago
This just proves that we need to lower corporate tax rates! ;)
Encyclopeteia 4 years ago 3
The US gov't took more from XOM in (mandatory) regs & taxes in 2006 than XOM made in profits, just so you know.
hikeskool 4 years ago
God, I should hope so. They're running a country of 300 million people! Besides, the "profit" goes to (theoretically) benefit our country, not to fill up the bank accounts of ultra rich CEO's. Huge difference.
Encyclopeteia 4 years ago
Do you know the risk involved in running a company?
The CEOs should get paid a shit-ton because their compensation is directly related to the performance of their firm.
hikeskool 4 years ago
Do a google search to find the ratio of the average company worker in Japan to the average CEO in Japan. Then do the same for the US. Notice anything? US CEOs are payed over EIGHT TIMES as much as Japanese CEOs on average (and it's not like the J-CEO's are making peanuts). Are you going to argue that American CEO's are that much more productive and creative? I don't think so. Not to mention all of the golden parachutes for CEOs that do a mediocre to horrible job. Google "golden parachute".
Encyclopeteia 4 years ago 5
I know what a golden parachute is. "Mediocre to horrible" can be the result of many things, in many cases aspects that are largely out of the hands of the CEO.
And I would argue that Japan relies much more on its banking system which is quite proficient at holding up struggling firms than the US does.
While many large Japanese firms aren't officially state-owned, it's not too difficult to how Japan's old-world mantras are still present in a business world that never honored them.
hikeskool 4 years ago
Why are you defending absurd CEO pay so strongly (vested intrest)? If you insist on screwing over the masses, maybe I can only get through to you by pointing out that shareholders are also screwed by golden parachutes. One of the many problems is that these people just aren't really aware of just how much CEO's make (aside from basic salary). Also, CEO's made A LOT less in the 50's-70's relative to the 80's-present, but I don't see past CEO's as being any less productive, creative or competent.
Encyclopeteia 4 years ago
Yes. I am a CEO and I'm defending my salary.
CEOs face more competition globally and face stringent regulations from not only the US but in most cases any country they want to deal with.
The fashionable thing to do these days is to have two interest rates, one you charge countries that buy your exports and one you use for normal, day-to-day operations in your country.
The US doesn't do that. This makes it harder for US firms to compete globally.
hikeskool 4 years ago
okay so as a CEO do you agree with golden parachuttes and corprate welfare and if you do why?
dragonlancefire 3 years ago