Tuesday, August 05, 2008

Don't Be Profitable During an Obama Presidency

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.