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Anonymous
Anonymous asked in Politics & GovernmentPolitics · 9 years ago

Would you support Tax on Oil to fund colleges?

An initiative is being passed around, it is a severnce tax of 15% per every barrel extracted in California. 100% will go to all levels of education, a gov watchdog will make sure it doesn't get passed on to the consumer or else the oil company would face stiff penalities.

Is this too liberal? Oh I forgot to mention, California is the only state in the nation that doesn't tax oil companies on crude oil by way of extraction.( Alaska has the highest extraction tax)

http://www.rescueeducationcalifornia.org/#!action/...

Update:

Psycho we don't have a tax on the extraction of oil in California but your state does -_-

5 Answers

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  • Anonymous
    9 years ago
    Favorite Answer

    WHERE DID ALL THE OTHER TAX MONEY FOR SCHOOLS GO?

  • ?
    Lv 7
    9 years ago

    If the People's Republic of Kalifornia want to chase oil companies out of the state that is fine with me but to pretend raising the price of production and not allowing the price of the product to go up is economic sense shows the level of education and gullibility in that state. On more thing do you want to bet on long before this dedicated support is diverted to other purposes?

  • Anonymous
    9 years ago

    Until California cuts back on it's huge spending to government unions and lavish pensions , NO .

  • ?
    Lv 7
    9 years ago

    No.

    Oil is taxed enough already.

  • Anonymous
    9 years ago

    NO!!!!

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