The Windfall Profits Tax
The windfall profits tax is a totally bankrupt idea that panders to voters much like the Gas Cap. You are sitting there with a barrel of oil. A guy offers you $60 for it. What are you supposed to do, tell him it’s only worth $40? That’s not a “windfall”, and those profits will encourage the oil companies to drill more holes deeper in more places to find more oil, ultimately lowering costs.
Brian Barbata
Jobber