Date: January 20, 2012
Item: Dems propose ‘Reasonable Profits Board’ to regulate oil company profits
It’s come to this: six House Democrats have introduced legislation (The Gas Price Spike Act, H.R. 3784,) to steal what they deem to be excessive or windfall profits from the evil oil companies and their speculator investors. This proposed Board of wise officials would confiscate up to 100% of earnings which they deem to be beyond a “reasonable profit.” The six are: Reps. Dennis Kucinich (D-Ohio), John Conyers Jr. (Mich.), Bob Filner (Calif.), Marcia Fudge (Ohio), Jim Langevin (R.I.), and Lynn Woolsey (Calif.).
I’m not one prone to hyperbole, but this is evil, pure and simple, folks. Kucinich is quoted in the article:
Gas prices continue to rise, creating a hardship for the American people. At the same time, oil companies are making record profits gouging their customers. This bill would tax only the excess profits and create forward-thinking transportation alternatives.
Beware those with power-lust who steal under the lie of “helping people.” This is the politics of pull. Take from the producers, give to favored “forward thinking” entities. Where does it end? In destruction.
I fully expect similar initiatives to be put forward. Unemployment is too high? We already regulate prices and revenues, and minimum wage. Why not just fix unemployment by compelling all companies to increase their headcount by 10%, or better still by 20%?.
Tired of hearing about the expatriation of American industry and the associated jobs? Mandate that American companies must manufacture their products within the United States. But be sure to also require that prices not be increased because of so-called higher production costs.
We are regulating coal-fired plants out of existence, oil companies cannot get access to known reserves, oil–when available–cannot be transported through a pipeline to be refined. Nuclear is out of the question. At what point do we expect that the lights will start going out? Never.
Because when you are not constrained by Reality, you can have your cake and eat it too.
We can evade reality, but we cannot evade the consequences of evading reality. ~ Ayn Rand
We fret about those who wish us harm and chant “Death to America.” But is it not a greater evil to give sanction to those who would and are taking these proactive steps to bring about our demise? Embrace reality, and vote.