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California

Merlot

(9,696 posts)

3. "..."set the acceptable profit margin and decide how to penalize"

Reply to Auggie (Original post)

Fri Aug 4, 2023, 10:22 AM

Aug 2023

Which means there is to much latitude and if the right person is not making the decisions, well we know how that will turn out. What does this do for consumers? Oil companies make profits and then have to pay a portion in penalties - which will probably end up being tax deductible.

• Newsom originally wanted to establish a profit tax on oil companies and return proceeds to California residents.

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Newsom picks oil czar to watch for price gouging [View all] Auggie Aug 2023 OP

Good. Next up: grocery czar. nt intrepidity Aug 2023 #1

+1 Auggie Aug 2023 #2

"..."set the acceptable profit margin and decide how to penalize" Merlot Aug 2023 #3

Yeah. I'd say the legislature gummed it up. Auggie Aug 2023 #6

How hard can that be? Sneederbunk Aug 2023 #4

Just make the acceptable profit margin 0.0000001 % MichMan Aug 2023 #5