The Mudcat Café TM
Thread #99746   Message #2039539
Posted By: Dickey
30-Apr-07 - 12:45 PM
Thread Name: BS: Poverty in the USA
Subject: RE: BS: Poverty in the USA
The reason I make scenarios about what the evil oil companies do is to draw attention to the absurdity and unpleasantness of stating the profits of the largest company in the world as having something to do with people being poor or that the company wants people to be poor. Ergo when you see a poor person, you are automatically supposed to blame big oil companies and they must be greedy and evil. A straw man issue.

Yes, the oil companies would not share in the oil revenues with Alaskans voluntarily but they never the less pay them a share and help to aleviate poverty at least in Alaska.

Who might really want people to be poor so they can keep them in a credit trap are credit card companies, payday loan companies etc. The profits of the banking sector are much higher that the oil sector. WHy not regulate them?

Exxon/Moblie profit margin 10.6%
Citigroup profit margin 18.7%

Actually if you go by assets, Citigroup is the largest company in the world but they don't produce anything to sell like Exxon.

When I hear someone is poor and can't pay thier credit card debt, I automatically blame the credit card comapnies for giving them credit and allowing them to spend more than they can pay back and I consider that evil and greedy. John Cash Penny resisted accepting credit acrd sales at jc Penny stores into the 50's because he considered it usury to sell people things on credit.

And poverty sure as hell is not caused by someone not being able to get their doors when they want them.