"Any society that would give up a little liberty to gain a little security will deserve neither and lose both." ~ Benjamin Franklin

But That Would Be Like Taxing Success...

>> Sunday, May 11, 2008

Big, bad oil makes an average profit of about 8%. Yes, it's hard to believe, I know. Much of the cost of oil is tied up in federal and state taxes. Why isn't there an attack on "big software" which averages 22% profit? Or maybe "big university"...

Did you know that Harvard pays no taxes on it's $34 billion endowment? In fact, Harvard could let students attend for free from now until the end of time and not run out of money. But to tax the collenge endowment would be like taxing success... Ummm, yeah. What's the problem?

Check out this transcript from last week on Glenn Beck.

Hmmm... $34 billion. That's more than the national operating costs for some countries...


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