I am amazed this morning as I read the news. Every headline is about Halliburton moving their headquarters to the UAE (United Arab Emirates). Does it really matter? Does it hurt? The only group that it really hurts is the government, because they will eventually lose a lot of tax revenue. There has been much ado about oil companies and their incredible profits. They are only making about 30% profit… that is pretty normal, since many companies work on a cost-plus-30% system. Whether it is Exxon-Mobile or Halliburton, it looks to me as though most of the world is fighting against capitalism. After all, Mr. Chavez, the leader of Venezuela said just yesterday, "Those who want to go directly to hell, they can follow capitalism." He followed that up with, "All of us that want to build heaven here on earth; we will follow socialism." Democracy and our capitalist system are under attack. When we do what is right, and stand up for that right regardless of the situation, we will preserver.
Monday, March 12, 2007
Who really cares about Halliburton?
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