Ladies Logic

Wednesday, June 11, 2008

Windfall or Just Full of Hot Air

There has been much said in the last couple of days about the vote yesterday to tax Big Oil on their "windfall profits". I am not going to add to that though, because I found a couple of quotes that say things much better than I ever could.

“The five largest oil companies in this country have made $600 billion in profits since George W. Bush became president. Do we need a windfall profits tax? You bet we do.” —Sen. Bernie Sanders (I -VT)

“The oil companies need to know that there is a limit on how much profit they can take in this economy.” —Sen. Dick Durbin (D-IL)
Contrast what these two learned gentlemen said with these two....

“Every new regulation concerning commerce or revenue; or in any manner affecting the value of the different species of property, presents a new harvest to those who watch the change and can trace its consequences; a harvest reared not by themselves but by the toils and cares of the great body of their fellow citizens.” —James Madison

“In general, the art of government consists in taking as much money as possible from one party of the citizens to give to the other.” —Voltaire

I couldn't have said it any better Mr. Madison. Thank you.

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