If you have a 401(K) plan or own a mutual fund, you probably own some Exxon or some other oil company. Look out.
If this windfall tax idea gets any traction, you may well lose some real money. I could say that it could be more money than you would save at the pumps, but a bogus windfall profits tax isn't going to make gas prices go down.
Whoever runs the mutual fund that you own owns Exxon, or any company for that matter, with the expectation that it is going to go up. Stocks usually go up when returns available to investors exceed expectations. If those returns are capped, the stocks are going to get murdered.
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