Windfall Profits Tax

The presumptive Democratic presidentail nominee has suggested a windfall profits tax on the big oil companies. He further advised that the revenue from this tax would be used to pay for another stymulus payment individual taxpayers.

So, let's analyze how much proft the oil companies make. At the left are three representative big oil companies. Notice that only ExxonMobil has crept over the 10% net profit mark in the last ten years. Next, we can see the net profit for Microsoft during the last ten years. It looks like it has averaged about 30% during that period.

So, whom does the Democratic nominee suggest is making windfall profits?

Prediction: The price of oil will be below $60 within 18 months.