The Real Price Gougers

Submitted by Bill St. Clair on Sat, 27 May 2006 15:02:34 GMT  <== Politics ==> 

California Assemblyman Ray Haynes - Lots of gummint operatives are accusing the oil companies of "price gouging" these days. "Physician heal thyself," says Mr. Haynes. The real price gouging is gummint taxes. [root]

On average, only 30 cents of every gallon of gas flows to the oil companies, yet politicians, and their allies in the press, accuse oil executives of gouging consumers. One politician in Sacramento wanted to assess a windfall profits tax on these oil companies this week, claiming that oil companies were ripping off consumers. This same politician did not once mention that government makes double the amount that oil companies make off the same gallon of gas on sales and gas taxes alone. The press dutifully reported his scapegoat tactics, never once investigating him for his consumer rip off.

Don't be fooled by the rhetoric. The real price gouger in the oil industry is government.

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