Letters: What is enough money for the rich?

 

February 10, 2023



A recent television news report of Exxon Oil’s annual profit for 2022 was $55.7 billion. Wow! If I recall from college accounting classes, business profit is what remains of revenue after all business expenses have been paid. In other words, profit is the free money left over not obligated to any other expense. Reasons Exxon gave for this may be questionable: The economy is improving (strong markets); strong production; and the one that really had me baffled, they are doing a better job at controlling prices (good cost control). What?! I think they forgot one: Charging prices that seem li...



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