Wednesday, 10 September 2008

Wot, no windfall tax?


So, the Government has decided not to levy a windfall tax on the
energy-supply companies [http://business.timesonline.co.uk/tol/business/industry_sectors/utilities/article4720282.ece ]. No surprise there, given that New Labour always cosies up to big
business. But even if they had gone ahead with the type of windfall tax
that they were toying with, it would not have been of much use.

 The oil companies have been making billions from the oil price rises we
have all experienced over the last 12 months. We the people
of this country have paid for this, through higher fuel prices, higher food
prices and so forth.  The Green Party is calling for us to go now to the source of the vast profits, not merely to the
middlemen who supply us in our homes.  It is, after all, the oil companies
that are making billions from the oil price rises -- so why shouldn't
they take a cut in their profits, to release the money that both we as
citizens and Government services urgently
need?

What is really needed is then is a hefty windfall tax on the
 fossil-fuel extractors, the big oil companies themselves (i.e. on Shell, BP
etc. -- NOT on Southern Electric, Scottish Power etc.). Targetting the companies that
supply power to our homes is only tackling the symptom, not the
underlying source of the money that is being ripped off from us.

 Just two companies - BP and Shell - together made £700 profit every second
over the first 6 months of this year whilst the people of this country
have suffered higher bills across the board.  These corporations, which
are taking the black stuff out of the ground and selling it (as it now
gets rarer) at exorbitant rates, are robbing from the poor to give to the
rich -- and they know it.  It's about time they learned that in a
progressive democracy, there is no place for robber barons.  It's about
time the massive corporate profits made by these companies were taxed
accordingly and some of it given back to the people.  And it's about time
the interests of the people of this country were put before those of big
business.

The Green Party is not bankrolled by big business interests; we will never
allow the people to suffer at the hands of corporate giants, as has so
sadly been the case under this 'New Labour' Government, and as would of
course also be the case under a Conservative Government.

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1. 2. 3. Rupert's Read: Wot, no windfall tax? 4. 12. 15. 16. 17. 18. 19. 20. 23. 24.

25. 26. Wot, no windfall tax? 27. 28.

29.

So, the Government has decided not to levy a windfall tax on the
energy-supply companies [http://business.timesonline.co.uk/tol/business/industry_sectors/utilities/article4720282.ece ]. No surprise there, given that New Labour always cosies up to big
business. But even if they had gone ahead with the type of windfall tax
that they were toying with, it would not have been of much use.

 The oil companies have been making billions from the oil price rises we
have all experienced over the last 12 months. We the people
of this country have paid for this, through higher fuel prices, higher food
prices and so forth.  The Green Party is calling for us to go now to the source of the vast profits, not merely to the
middlemen who supply us in our homes.  It is, after all, the oil companies
that are making billions from the oil price rises -- so why shouldn't
they take a cut in their profits, to release the money that both we as
citizens and Government services urgently
need?

What is really needed is then is a hefty windfall tax on the
 fossil-fuel extractors, the big oil companies themselves (i.e. on Shell, BP
etc. -- NOT on Southern Electric, Scottish Power etc.). Targetting the companies that
supply power to our homes is only tackling the symptom, not the
underlying source of the money that is being ripped off from us.

 Just two companies - BP and Shell - together made £700 profit every second
over the first 6 months of this year whilst the people of this country
have suffered higher bills across the board.  These corporations, which
are taking the black stuff out of the ground and selling it (as it now
gets rarer) at exorbitant rates, are robbing from the poor to give to the
rich -- and they know it.  It's about time they learned that in a
progressive democracy, there is no place for robber barons.  It's about
time the massive corporate profits made by these companies were taxed
accordingly and some of it given back to the people.  And it's about time
the interests of the people of this country were put before those of big
business.

The Green Party is not bankrolled by big business interests; we will never
allow the people to suffer at the hands of corporate giants, as has so
sadly been the case under this 'New Labour' Government, and as would of
course also be the case under a Conservative Government.
30. 31. 32.