TBH, Newsome and taxing exorbitant profits is ostensibly a win for the public good. However, what would be better is to find out HOW MUCH exorbitant profit is and take confiscate that. Taxes are good and all, but if you're cheating, manipulating, then those profits are "ill gotten gains".
https://calmatters.org/politics/2023/03/california-oil-profits-newsom/
Can we agree that Big Oil will blame the existing taxes on Cali's special oil for their massive profits? Bueller?
