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Posted by: stephen-johnson 1 year, 6 months ago
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stephen-johnson1 year, 6 months ago
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"BTW, who do the people who support a windfall tax think those profits belong to anyway? In fact they belong to the owners of the corporation.. in short, anyone who has a mutual fund, 401k, retirement plan, pension plan. Teachers, union workers, doctors, lawyers and indian chiefs. Anyone who thought this tax was a good idea is fooling themselves"
Less than 3% of Exxon stock is held by insiders. The overwhelming majority of shares are owned by the public either directly or, more commonly, indirectly via a mutual fund. Too bad the media doesn't point oil stock oswnership in retirement/savings plans out to the public.
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