Pricing gouging by oil companies is real. Using the analysis that the CEO's gave to Congress , recently. They said the price of gas is higher and higher becuase the price of oil is higher.
Look at the price of gas today and the diminishing price of oil.
Price gouging is the result of monopolization, it brings profiteering w/o the fear of competition, as your guest clearly illustrated. TY for showing the pipeline, Abdul, between these gougers and the elected officials. That is how we get Manchin and others, no Representation.
I agree with your analysis. I am sickened by the parroting by the media of the corporate blaming of inflation in demand side economics. Supply spiders have aLways used inflation to argue against wage increases. The real culprit is price gouging . Politically our problem is the Dems DO NOT know how to message. Yes prices are a perfect example. Oil companies are gouging the consumers. Further oil companies can increase demand at their leisure but refused to do so. American or foreign oil doesn’t matter because also in the same Global market. Only increasing supply will lower prices. American oil has the same self interest as Saudi or OPEC oil. Not Energy policy that favors green energy!
I think we need more understanding of the many ways the RICH can legally avoid paying their fair share of taxes. A narrative from someone knowledgeable about the inside game would be very helpful. Net wealth v yearly earned income must both be included in the formula that determines taxes due. The net wealth of most American families is less than $120,000 and about 60% of that sum is based upon the value of their home. There needs to be a balance between what someone is legally required to pay and what they are capable of paying. The whole of society would benefit from more equity. The reality that the rich control our politicians and our government requires a broad based understanding and a movement from the masses for change. “All power to the people” was our chant in the 60s! Right on!
Pricing gouging by oil companies is real. Using the analysis that the CEO's gave to Congress , recently. They said the price of gas is higher and higher becuase the price of oil is higher.
Look at the price of gas today and the diminishing price of oil.
Price gouging is the result of monopolization, it brings profiteering w/o the fear of competition, as your guest clearly illustrated. TY for showing the pipeline, Abdul, between these gougers and the elected officials. That is how we get Manchin and others, no Representation.
I agree with your analysis. I am sickened by the parroting by the media of the corporate blaming of inflation in demand side economics. Supply spiders have aLways used inflation to argue against wage increases. The real culprit is price gouging . Politically our problem is the Dems DO NOT know how to message. Yes prices are a perfect example. Oil companies are gouging the consumers. Further oil companies can increase demand at their leisure but refused to do so. American or foreign oil doesn’t matter because also in the same Global market. Only increasing supply will lower prices. American oil has the same self interest as Saudi or OPEC oil. Not Energy policy that favors green energy!
I think we need more understanding of the many ways the RICH can legally avoid paying their fair share of taxes. A narrative from someone knowledgeable about the inside game would be very helpful. Net wealth v yearly earned income must both be included in the formula that determines taxes due. The net wealth of most American families is less than $120,000 and about 60% of that sum is based upon the value of their home. There needs to be a balance between what someone is legally required to pay and what they are capable of paying. The whole of society would benefit from more equity. The reality that the rich control our politicians and our government requires a broad based understanding and a movement from the masses for change. “All power to the people” was our chant in the 60s! Right on!