Further confirmation that California is on the wrong side of the rabbit hole came on the last day of September, when Gov. Gavin Newsom called for a new tax on oil companies in response to the high cost of gasoline.
“Oil companies are ripping you off,” he tweeted. “Their record profits are coming at your expense at the pump.
“I’m calling for a NEW windfall tax exclusively on oil companies. If they won’t lower their prices, we will do it for them.
“The $$ will go directly back to you.”
So, if we have this straight, under the plan, the state will levy an additional tax on oil companies to punish them for prices that are skewed by California public policy, then send those taxed dollars, minus of course Sacramento’s “handling fee,” back to consumers.