Robert ReichNov 26, 2022
The profits of ExxonMobil, Chevron, BP and Shell have skyrocketed by 169% so far this year to $125 billion.

While you were paying through the nose at the gas pump, Big Oil companies were using the cover of inflation to line their pockets.

It's time for a windfall profits tax.
Show threadFastLearnerNov 26, 2022
@rbreich An additional complexity is that they are pricing for what they know is about to hit us. Most big companies try to price ahead of the market. The scarier thing is what do they know that we don't?!?
Show threadNathan Lewis
@FastLearner @rbreich
If they cared about that, they wouldn't be giving out record compensation to their CEO's and absentee shareholders and buying back stock. It's price gouging and no one calls them out.
Nov 26, 2022 at 6:15pmWeb
Show threadDiefledermaus82Nov 26, 2022
@nlewis1111 @FastLearner @rbreich Nathan: this is an excellent point - after all, aren’t there Governmental entities who are responsible for ensuring this kind of fleecing doesn’t occur? I wonder why they are silent on these numbers, in plain sight.
Show threadNathan LewisNov 27, 2022
@diefledermaus82 @FastLearner @rbreich It's America, we have Republicans and corporate Democrats who don't care.