Thu 22 May 2008
“You’re making more money than ever. In effect, your industry has no problem in doubling your profits, in tripling your profits, even when prices at the pump go crazy, you have no problem in keeping up with your increasing profit. It doesn’t seem fair guys, it just doesn’t seem fair.”
So said Senator Herb Kohl, Owner of the Milwaukee Bucks NBA Team, as he was grilling oil company executives yesterday.
Gee, Senator, I just went and looked at tickets for your basketball team. Ticket prices keep going up but your industry seems to have no trouble increasing your profits. You’re making money and your team members are getting paid millions and millions of dollars. Still, you expect little old me to pay you well over $125 for a decent seat to see a game. Oh, sure, I can pay you $10 for a seat up in the rafters someplace, and go watch the game on the monitors at the snack bar for a better view.
And all at the same time, you’re making millions and millions of dollars.
It just doesn’t seem fair, Senator, it just doesn’t seem fair.