# Why oil company profits are good

**URL:** <https://forums.speedlife.net/t/why-oil-company-profits-are-good/37930>\
**Category:** NYSpeed Off Topic\
**Created:** [October 31, 2007, 11:02am UTC](https://forums.speedlife.net/t/why-oil-company-profits-are-good/37930 "2007-10-31T11:02:29Z")\
**Posts on this page:** 1\
**Showing post:** 10

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**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\
**Post date:** [October 31, 2007, 11:45am UTC](https://forums.speedlife.net/t/why-oil-company-profits-are-good/37930/10 "2007-10-31T11:45:47Z")

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[quote=“theblue,post:8,topic:37930"”]

I don’t see why the free market capitalist system has anything to do with this really. It would be the same issues and solutions regardless of system.

[/quote]

It has everything to do with it because some people in this country/government want to move away from a capitalist system and institute a “windfall profits tax”. Taxing a company because they’ve had record profits is not free market capitalism, and it is the very thing that would prevent oil companies from investing in R&D which leads to breakthroughs like this.

In that proposed system private industry would no longer push R&D, leaving the government, aka the taxpayer, to fund it. And living in NY we all know how efficiently government spends money.

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