What Is a Reasonable Profit …

May 27, 2008 by Cato  
Filed under Economics, Energy, Liberalism, National Politics, Taxes

No, this isn’t the sub-title of a class in Marxist economic theory (although it should be). From our friends at QandO we learn one of latest proposals put forward by the Clinton / Obama / (insert your favorite lefty here) school of economics.

Yes, the same government that can’t balance its own checkbook is going to determine how much an oil company can earn before they are taxed into oblivion. Does anyone on the left remember the 1970′s?

Under almost any one of the proposals being floated by the Democrat left we will not only see $8.00 / gallon gasoline (and you thought $4.00 was bad), but we’ll be sitting in lines at the pump to pay it.