Rep Paul E. Kanjorski (D-PA) has introduced H.R. 5800, which would create a three person kangaroo court called a Reasonable Profits Board, to oversee the finances of private oil companies and tax "excessive profits". Kanjorski, a lawyer and life long government hack who has never made a payroll in his life, sits on the financial services committee with Barney Frank; which is like putting Laurel and Hardy in charge of NASA.
Kanjorski apparently believes the laws of supply and demand should only apply to things people don't need and that his judgment should replace the voluntary decisions of millions of consumers and investors. For his next trick maybe he should try repealing the laws of gravity for excessive airline crashes.
That a guy who wouldn't know a balance sheet from a bed sheet is in such a powerful position overseeing American Industry is just part of the problem. The philosophy behind his proposition is the same used by tyrants on countless occasions to increase their power in the name of "fairness" with the result being less prosperity and freedom for everyone.
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