|[Ben]:||Is Obama joking? ||Discuss This [1 comment so far] View Comments|
|On my way home from work on Friday I caught an Obama commercial that was pimping the windfall profits tax on oil companies and how Obama would take that money and give $1,000.00 checks to families to help pay for high gas prices.|
Are his advisors nucking futs?
Let me try to explain this in a way that even a Democrat can understand.
• When you tax something, it raises the price.
• A windfall profits tax is a tax.
• If you tax the oil companies to raise enough money to try and bribe voters, those companies will simply raise their prices to compensate - and that "free money" will be sent right back where it came from - plus whatever the government takes and spends auditing, collecting and distributing the bribes.
• Corporations don't pay corporate taxes, consumers, employees and investors do.
Don't you see why this is a terrible idea? It simply means more government intrusion, higher gas prices and massive waste, all to bribe ignorant voters.
Is Obama joking?