Worldview Item of the Day
T. Boone Pickens has a plan to liberate the United States from foreign sources of energy, and he’s putting his money where his mouth is. Testifying before a Senate panel today, he presented his vision of how the US can be energy independent, a vision that includes his investment in a massive Texas wind farm and shares in the nation’s only natural gas fueling stations.
Unfortunately for the United States, T. Boone Pickens is also rich by the means of oil. If the likes of Reed, Pelosi, and Obama have their way, Pickens’s vision will be rendered undoable because he will pay as much as half his income in taxes over the next decade, crippling his ability to invest.
If the upcoming election is about the economy (my own skepticism of the President’s ability to actually affect the economy being well established), then we need to take a very clear, careful look at what the candidates who are running have to say about how they will manage said economy. From my perspective, taking money out of the hands of private entrepreneurs who have real plans to develop non-governmental energy independence seems like a really bad plan.
Of course, we could just tax the heck out of Pickens to fund government-mandated healthcare. Then we can all marvel at the OPEC owned hospitals as we wait in line for the next available doctor.