Chevron stock buybacks
dimanche 29 janvier 2023 à 00:32Chevron, a Big Oil company, is spending $75 billion on stock buybacks.
This demonstrates that Chevron has no valid use for all those profits, so we should increase the taxes the company pays and spend the funds on something useful.
However, I do not believe we should deduce that gasoline should have a lower price. If we tax Chevron that much more, we can instead use those funds to aid poor people. The poor people who need to drive will benefit just the same -- but those poor people who can avoid driving will benefit even more.