Liberal billionaire environmentalist Tom Steyer is crying crocodile tears over the fact that California drivers pay the highest gas prices in the nation. He is so concerned, he is proposing to jack up gas prices even further by enacting a $2 billion tax increase on oil companies that operate in the Golden State.
It doesn’t take a rocket scientist to know that government policies, not market forces, are responsible for the price consumers pay at the pump.
The state has the third highest gasoline tax in the nation. Consumers are then forced to pay sales tax on top of that.
The states mandates different blends of gasoline for different times of the year.
To make matters worse, California enacted a Cap and Trade system, which is driving gas prices up even further.
Speaking to the state Democratic Party Convention, Steyer accused oil companies of manipulating the market to keep prices high. He failed to mention any of the real factors at hand.
No mention of the high gas tax. No mention of the sales tax on top of that. No mention of the costly mandated blends. And certainly no mention of the holy grail of environmentalism, the Cap and Trade tax which went into effect in January.
It is difficult to imagine that a man could make a billion dollars in the stock market with this type of thinking, but it just proves that anything is possible in America.
The real reason for Steyer’s push to punish drivers is it helps his bottom line. Steyer is heavily invested in alternative green energy schemes. The more people look toward battery operated cars and solar panels, the richer he gets.
Californians can’t afford another punch in the gut every time they go to the gas station. It’s driving them to the poor house.
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This post originally appeared on Western Journalism – Equipping You With The Truth