Episode 188 - Why the California "Windfall Tax" on Gas Companies Makes No Sense

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/ *The California Underground Podcast is dedicated to discussing California politics from a place of sanity and rationality.* Support California Underground on Patreon at www.patreon.com/CaliforniaUnderground Follow California Underground on Social Media  Instagram: www.instagram.com/californiaunderground YouTube: https://www.youtube.com/channel/UCj8SabIcF4AKqEVFsLmo1jA Substack: https://substack.com/profile/72986149-ca_underground Shop California Underground Merchandise: https://california-underground.creator-spring.com Review the Anchor.Fm Privacy Policy: Anchor - The easiest way to make a podcast