Borrowing liberally from: Maxine: Read the Constitution! by Henry Lamb
And guess what this liberal will be all about? This liberal will be about socializing – would be about, basically, taking over, and the government running all of your companies.
That someone cannot take all the facts of OPEC cannot produce much more than they are, Russia's oil industry is an ecological nightmare, and we have at least a 60- to 70-year known supply of domestic oil available, but can't touch and world demand has outstripped supply, that prices are going to be high.
Congress does expect us to ignore that while "BIG OIL" is making under 8% profit per gallon, the gov't gets a 23% profit through taxes.
Government intervention into the marketplace is justified only to ensure consumer safety and honest competition. Beyond this, government intervention into business affairs creates a drag on the economy, and the greater the intervention, the heavier the weight that drags down the economy.
And the fun thing about gov't intervention is that when dealing with the multiple agencies, City, State and Federal, they all have their own rules that often run counter to each other, but expect you to comply with theirs, and being they all seem sit in their office all year then in a flurry try to catch up on inspections, you end up wasting time readjusting equipment to comply with whichever agency is coming in this week.
Maxine Waters' remedy – to nationalize the oil companies and, by inference, any other business she thinks the government can run better than the owners – is a sure-fire formula for the destruction of the U.S. economy and of the nation.
You can be damn sure the taxes won't be dropped, they'll probably be increased as a subsidy for a give back to the "poor". So now the gov't will get 31%+ profit from gas, but there will be no "Windfall Profit" brought up.
The main points are:
The more government dictates what business may and may not do, and the more costs the government imposes upon business in the form of taxes and regulatory compliance, the slower the economy turns.
Unless the elected representatives at every level of government get a grip on the principles of freedom the Constitution holds, the United States of America will continue to descend into the collectivist, dictatorial regime that Maxine Waters threatened. It may already be too late. A generation or more of people have been taught to expect the government to take control and solve whatever problems may come along. This is the mentality that drives the likes of Maxine Waters and Hugo Chavez.