Posted by Nicholas at May 1, 2006 12:04 AMThe Tax Foundation helpfully reminds us that over the last 25 years, the gas and oil industry has paid far more in taxes than it has reaped in profits.
Not that it should matter. Let's assume a gas company, gas station owner, or refinery owner is selling his product at inflated prices. So what? Until it lands in your gas tank and you pay for it, it's his damned property. I've never understood why politicians feel the government should have the power to determine the price at which one person must sell his own property to somone who wants to buy it.
Radley Balko, "Gas", TheAgitator.com, 2006-04-27
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