Re: Damn Congressmen trying to screw me

IMO you are correct, however IMO it somewhat hurting the stock prices of the
oils - that pisses me off - I'm down over 60K in that sector since 9/30 and
IMO at least part of this is due to the gov.

--
Jerry



<Lawyerkill@xxxxxxx> wrote in message
news:1130539384.479425.35160@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
>
> Jerry wrote:
>> I almost can't believe it. Congressmen are suggesting an excessive
>> profits
>> tax on oil companies. The Ruskis have done this and now any non-gov
>> owned
>> company in Russia is looking to invest outside the country and are not
>> investing where the huge taxes exist - within Russia. This is resulting
>> in
>> decreased production in Russia, even though they have HUGE reserves.
>> Same
>> will happen in the US IMO should the Gov. unfairly tax the oil companies.
>> I
>> honestly don't think this will happen, but if it does, I guess I will
>> just
>> go totally go into cash and forget stocks. To me, this would mean that
>> any
>> company that makes profits in excess of what the Gov. likes can be taxed
>> hugely. My philosophy is to invest in companies that will make huge
>> bucks.
>> Just the fact that they are discussing this is hurting investors and
>> should
>> not be allowed in a capitalistic society IMO.
>
>
> LK
> Not to worry, Bush would never sign it.
>


.

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