Windfall-Profit Nonsenseby John StosselHillary Clinton and Barack Obama want to raise the price of oil, as well as most everything else, and lower the value of the pension and mutual funds that union members and retirees depend on. Of course, they don't describe their plan that way. Instead, they call for a windfall-profits tax on the oil companies. But it's the same thing. Taxing a "windfall" sounds appealing, but stock prices are based on expected profits. Throw a new tax on profits, and retirement ... ( Back to Article )
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