Monday, May 08, 2006

Pushy

Hugo Chavez intends to raise taxes on companies operating in the Venezuelan industry from 34% to 50%.

Dang, I see the bad point in that already.

I mean, that would deinitely help his country raise money that they need from a commodity that is guaranteed to have a demand but uh, wouldn't this drive prices of oil WAY higher?

Is war inevitable?

Venezuela does have an armed forces but are they ready to defend themselves from this much offensive of late? There is a limit to everything and from the outside, it does seem to me that they're pushing their luck a bit.

0 Comments:

Post a Comment

<< Home