Imagine that you run a business. The price of your major raw material is daily record highs due to global politics and increasing global demand. Domestically, the government has mandated that you sell different versions of you r product in different regions of the country. Government regulation has made it impossible for you to increase your manufacturing capacity to keep up with growing domestic demand.

The net result is that even though your profit margins are not what they used to be, you are still making tremendous profits on the ever increasing volume of product you sell.

You have achieved success against a deck fully stacked against you.

What does this get you?

Senator Arlen Specter calling for congress to consider a "windfall profit" tax.

Good move Arlen. That's the key to economic growth. Nothing encourages people to struggle to achieve like punishing them for excessive success.

Posted by: Stephen Macklin at 01:13 PM | No Comments | Add Comment