While you were robbed blind at the pump this year (and GOP blamed Biden), Exxon made $55,700,000,000 in profits.
Over $1 billion per week.
$152,600,000 per day.
$1,766.24 per *second.*
"Congress should heed #POTUS’s call and pass my bill to claw back Big Oil’s excess profits."
- Sheldon Whitehouse, Senator
@skykiss ☝🏻
Claw back all excess profits in all sectors, and of course oil and gas 🔥
Here in Canada too
Excess profits is a funny term.
It's one person deciding how much someone else should make, beyond their costs.
So like, I think you made too much last year. I'm going to call back some of your income because it was too much that you made.
Guess you should have spent more on groceries!
It's more like progressive income tax that we already have for individuals
But extended to corporations
As profit levels rise, so should corporate taxes
Such a statement is like talking about cancer treatment, but extended to people without cancer: it's no minor thing to extend the concept from the one situation to the other.
