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Support A Windfall Profits Tax and Wreck Your Retirement

July 10, 2008 by Cato  
Filed under Conservatism, Economics, Taxes

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Sure, the rational among us know that Barack Obama’s “excess profits” tax on oil companies is ridiculous on its face. However, to many the notion of $4 gasoline means that someone needs to be punished.

Hans Bader of the CEI notes that many of us have oil companies as part of our retirement plans. While it may feel good to slam it to those evil oil companies, ask yourself if you want to spend your golden years working in a McDonalds.

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