[Springfield Reformer]

[BTW, how does a “real free marketer” justify a “windfall profits” tax on oil companies in Alaska?]

Asked & Answered. You’re making a category error. Palin’s ACES legislation does not qualify as a winfall profits tax. It’s a production tax that rides independent of and prior to profits per se. See post #191 here for detailed discussion and several very good supporting links:

http://www.freerepublic.com/focus/bloggers/2779951/posts?page=191#191

[Sudetenland]

Thanks for the rational reply, Springfield. Somehow it seems to be a rarity around here.

[Norm Lenhart]

Careful with the CatError call SR, I spent a couple pages with a poster not too long ago telling me black was white on that subject. If he sees it used contrary to his interp, get ready for a war ;)

BTW, I agree with your use. Classic CatError.

[Sudetenland]

I see now that the lefty propagandists used the old 1984 new-speak on it. Not a "windfall profits" tax, but a severance tax (I think severance tax a better description as it addresses compensation for a deletable resource). LOL! We got those down here in Texas too.

Thanks for the referral.

[Finny]

Palin’s ACES legislation does not qualify as a winfall profits tax. It’s a production tax that rides independent of and prior to profits per se.

Well stated!