On this episode, Camille and I look into California's newly proposed "windfall tax" on oil companies because gas prices are so high in California. We analyze what a windfall tax is, how they have fared in history, and why they don't work to actually help the consumer. Also we take a look at Trump's new NFT trading cards for fun.
Links Mentioned in Show
https://calmatters.org/economy/2022/10/california-gas-tax/
https://www.gov.ca.gov/wp-content/uploads/2022/12/Price-Gouging-penalty-proposal-language.pdf?emrc=075304
https://taxfoundation.org/windfall-profits-taxes-still-bad-idea
https://www.propublica.org/article/california-oil-wells-shell-exxonmobil
https://nypost.com/2022/12/15/donald-trumps-major-announcement-is-a-cringey-ntf-line-of-himself/
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