Oil Tax good or bad idea? Despite having absolutely no chance of getting it through a Republican controlled Congress (and much Democratic opposition to an extremely regressive tax), President Obama is set to announce a plan to raise money for a $300 billion investment in autonomous vehicles, high-speed rail and other mass transit alternatives.
Obama’s budget proposal next week will include a $10 per-barrel oil tax that would be put on oil companies. Now, let’s be clear about two things: oil companies will simply pass that tax on to American motorists and Hell has a better chance of hosting the Winter Olympics of any new tax, or for that matter anything proposed by Obama in his last year in an election year, passing through Congress. With oil prices at a unseen low in over a decade, now would might make some sense, but it’s not happening.
Since its founding by Will Thomson and Chip Russell in June 2016, the Massif Capital Real Asset Strategy has outperformed all of its real asset benchmarks. Since its inception, the long/short equity fund has returned 9% per annum net, compared to 6% for the Bloomberg Commodity Index, 3% for the 3 MSCI USA Infrastructure index Read More