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To the editor: A couple of weeks ago, I watched the congressional hearings on oil company profits. Maxine Waters (D-Calif.) was onstage denouncing oil companies for making too much money.
She was mad and threatening to “socialize” oil companies for making too much money. What this total imbecile apparently does not know or care about is Congress taxes oil companies three times the money that oil companies make in profit.
She does not know the difference between a profit margin and profit, but I bet all the loan sharks in her district know the difference.
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