Durbin's "windfall profit tax" is a lot of hot air

Senior Senator Dick Durbin of IL has proposed something called a "windfall profit tax" to cap the profits of oil companies and help ease the burden on the public reeling under the pressure of high gas prices. Now, what constitutes as "windfall profit"? Who will define that? And, why restrict it to just oil companies? Why not apply this to all companies? It would be interesting to see how this will apply to software companies after all the incremental cost of a software product is close to zero.

Why can't the good senator and his likes think of things that make sense and are within their control like improving the public transportation infrastructure (rather than giving free rides to senior citizens and the homeless) or increasing the fuel efficiency requirements on vehicles. Heck, all those require time, effort and will not have the same effect on the public as "windfall profit tax". We all need someone to be the "bad guy" and it is easy to paint the oil companies (and, in other occasions, the Chinese companies) as the "bad guys."

I guess it is guys like Senator Durbin who make sure that Chicago's legacy as "the windy city" lives on. Got to love him for that.