windfall profits will kill the tech industry

And here’s yet another reason I don’t understand the tech industry fawning over the Democratic agenda. How about that windfall profits tax? I’ve asked it before: how will we decide what a “windfall” is? While I suppose that the candy-farting unicorns who would proliferate under an Obama administration might define it for us–with magic!–I’d guess it will be based on some estimate of profit margins.

Well, surprise! Oil companies aren’t even in the top 20 industries in profitability. However, Healthcare Information Services, Information & Delivery Services, Application Software, Internet Information Providers, and Networking & Communication Devices are. Go ahead, you smug web 2.0 geeks–cheer on the angry mob. Just don’t look for sympathy when you get caught in the crossfire.

(Yahoo! link via What I Learned Today)

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