Big Oil is not your friend. #WindfallProfitsTax
Bernie Sanders
 @BernieSanders
11 Mar 2022
Shocking. Gas prices are at the highest levels ever at the same time the big oil companies are raking in huge profits. Yes, the time is now for a windfall profits tax.

Oil companies are enjoying record-breaking profits.

Mar 12, 2022 · 10:39 AM UTC

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Replying to @marwilliamson
Windfall profits tax? Stop taxing the consumers, we have nothing to do with this
Replying to @marwilliamson
EU:
Ursula von der Leyen
 @vonderleyen
11 Mar 2022
Replying to @vonderleyen
Consumers and businesses need relief now.   On top of price regulation and State Aid, Member States are given the option to tax windfall profits from energy groups.   End of March, @EU_Commission will present options to limit the contagion of the rise of gas prices to electricity
Replying to @marwilliamson
Ursula von der Leyen
 @vonderleyen
8 Mar 2022
We are too dependent on Russian fossils fuels. We must ensure a reliable, secure and affordable supply of energy to European consumers. With the #EUGreenDeal, we know how to get there. But we need to move faster. This is what RePowerEU is about.
Replying to @marwilliamson @Chambertunes
I think that I am going to look at an electric car.
Replying to @marwilliamson
Bernie to the rescue!
Replying to @marwilliamson
Replying to @marwilliamson
And how many fuel stocks do you think our government officials bought and sold during this time making a fortune. And yes the likes of Bernie, AOC and many many more are not above building their personal wealth above helping Americans.
Replying to @marwilliamson @ninaturner
Replying to @marwilliamson
Exactly. So who thinks the greedy oil companies aren’t going to pass along that tax to the consumer? So nothing changes.
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Replying to @marwilliamson
It's not about Supply and Demand, it's about Speculation from the Capital Class. You're missing the mark! Watch this 👇 youtube.com/WKunHXtQYuo

The Price Of Oil

The historic swings in oil prices last year were the result of financial speculation from Wall Street and not supply and demand. Steve Kroft investigates.

youtube.com
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