
11-22-2008, 02:53 PM
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Senior Member
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Join Date: Feb 2003
Posts: 4,315
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Quote:
Originally Posted by FunkyTown
Greed is greed, Traveler, and while Congress is greedy, so are the oil companies. No side is good. There's no such thing as 'chump change greed'. Instead, if their greed hurts people, it is avarice and is wicked. It's as simple as that.
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I do not think that oil companies are greedy nor do I think that investing in oil is done by greedy people. Now there may be some oil executives that are greedy – but I would like to see blame go to where blame belongs.
First off I do not believe that 8 to 10 percent profit return on investment is greedy. Most venture capital looks for a return on investment of at least 20 percent. We honor venture capitalist as innovators that make America great. It appears to me that they are at least twice as greedy as the oil companies. Many people that I personally know that work for the oil companies just are not that greedy.
Now the top oil executives are a whole other matter but their salaries have not been that much different than other executives in pharmaceuticals, and just about any other industry. Personally I believe that the US business model is way of plumb and top heavy and I see nothing in the great change my Democratic friends tout that will make any difference – Since bribes are tax deductible as long as they are called political contributions and surprise, surprise the new president elect had twice as many bribes (er I mean contributions) as his rival.
The Traveler
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