Thursday, April 27, 2006

Stack 'Em High, for Senator GrassLIE

So now the eminent toilers in the upper chamber of the Great Sausage Factory want to inspect the tax returns of the major oil companies. This intrusive manuever is as deeply cynical and base as politics gets, but I say hand 'em over.

You know why? I bet some of these Senators have never even seen a major corporation's tax return. So, if I were Rex Tillerson, I'd enlighten them. In his 2004 shareholder letter, Warren Buffett mentioned that Berkshire Hathaway's tax return consisted of documents that stood four feet high when stacked up. And the Senators want 15 company's tax returns, so let's dump 60 feet of paper on their doorstep. It couldn't hurt the oil companies' case given that the poor bastard staffer who has to read the damn things won't understand anything in them anyway, and it might even give a Senator the notion that the tax code is a mess. Hope springs eternal.

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