"Although few believe it, the oil industry would have to earn record profits for a long time before it would produce above average returns for its long-term investors.
Even were profits more extraordinary than they are, a special tax would be a mistake. Windfall profit taxes threaten to institutionalize a form of one-way capitalism in which investors are allowed losses or meager profits but average or better returns are disallowed. Who would want to invest money in an industry like that?"
My point exactly.
Socialist Recipes to Continue Being Poor
An interesting quote...
In a presidential debate with Al Gore on October 11, 2000, in Winston-Salem, NC, Bush said: "I don’t think our troops ought to be used for what’s called nation-building…I think what we need to do is convince people who live in the lands they live in to build the nations. Maybe I’m missing something here. I mean, we’re going to have a kind of nation-building corps from America? Absolutely not."
Really? I guess he decided he missed something... From Bush Styled Pax Americana
Liberty, free markets, peace.