That's the message everyone should take from Obama's ad striking back at John McCain.
Flopping Aces points out that a windfall profits tax is nothing but Marxist economics. Successful people become rich...and those people pay a lot in taxes. In fact, Exxon-Mobil alone paid more in taxes than 50% of taxpayers.
Shorter Obama: Elect me and I'll drive all businesses overseas.
UPDATE: This article explains why windfall profits taxes don't work. But, as Orrin Judd notes, the idea isn't supposed to work, just punish the successful.
Tuesday, August 05, 2008
Don't Be Profitable During an Obama Presidency
Posted by sharon at 8:03 AM
Labels: Economy, Election 2008
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