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Kanjorski proposes government regulation of profits
By: Neal Boortz | Submitted on: 05/23/08EDITORIAL - Politicians have been coming up with all sorts of fancy schemes to combat the current gas prices ... they've done everything except actually come up with a logical, long-term solution. But this hairball scheme, out of all the schemes out there, might be the most ridiculous to date.
Representative Paul Kanjorski is a Democrat from Pennsylvania. His plan would establish a "Reasonable Profits Board" in which the government will determine whether or not a company's profits are excessive. Here are the basics:
* H.R. 5800 would tax industries' windfall profits.
* The bill would set up a Reasonable Profits Board to determine when these companies' profits are in excess, and then tax them on those windfall profits.
* As oil and gas companies' windfall profits increase, so would the tax rate for those companies.
* Kanjorski said his legislation will encourage oil companies to lower prices to prevent them from receiving higher tax rates.
How completely asinine is this jerk's idea? Clearly he was educated in the same Marxist school as Barack Obama and these other liberals who despise the idea of the free market.
I'm not through with this crackpot idea yet. I know many of you have read "Atlas Shrugged." Now maybe I'm wrong, but wasn't there a similar government entity in that epic book? It's been a while since I read it, but I would swear that this Kanjorski idea was lifted straight from that book.
Remember --- for politicians like Kanjorski, you really only allowed to earn profits selling something or providing some service that the people don't actually need.
Just how long do you think it would take for politicians - anti-capitalist politicians - to start working to add other consumer items to the jurisdiction of the Reasonable Profits Board? The pressure would certainly be on to get food added ASAP. Then it would be pharmaceuticals. Oh ... and if you'll remember that story from earlier in the week about "affordable" weight loss clinics ... let's add those too.
Idiots like this Kanjorski need a little more attention from you. Here's his web page
Representative Paul Kanjorski is a Democrat from Pennsylvania. His plan would establish a "Reasonable Profits Board" in which the government will determine whether or not a company's profits are excessive. Here are the basics:
* H.R. 5800 would tax industries' windfall profits.
* The bill would set up a Reasonable Profits Board to determine when these companies' profits are in excess, and then tax them on those windfall profits.
* As oil and gas companies' windfall profits increase, so would the tax rate for those companies.
* Kanjorski said his legislation will encourage oil companies to lower prices to prevent them from receiving higher tax rates.
How completely asinine is this jerk's idea? Clearly he was educated in the same Marxist school as Barack Obama and these other liberals who despise the idea of the free market.
I'm not through with this crackpot idea yet. I know many of you have read "Atlas Shrugged." Now maybe I'm wrong, but wasn't there a similar government entity in that epic book? It's been a while since I read it, but I would swear that this Kanjorski idea was lifted straight from that book.
Remember --- for politicians like Kanjorski, you really only allowed to earn profits selling something or providing some service that the people don't actually need.
Just how long do you think it would take for politicians - anti-capitalist politicians - to start working to add other consumer items to the jurisdiction of the Reasonable Profits Board? The pressure would certainly be on to get food added ASAP. Then it would be pharmaceuticals. Oh ... and if you'll remember that story from earlier in the week about "affordable" weight loss clinics ... let's add those too.
Idiots like this Kanjorski need a little more attention from you. Here's his web page
Neal Boortz, the Talkmaster, Mighty Whitey and The High Priest of The Church of the Painful Truth, is a nationally-syndicated radio host of the Neal Boortz show.
