Windfall Profits
Friday, April 28th, 2006Would those calling now for confiscation of that “excess” through a windfall profits tax be equally willing to to make up the “shortfalls” through a windfall loss subsidy during the next down cycle? That would be “fair”, if perhaps unproductive. But I don’t remember any of them being in favor of that in the past. And I can’t imagine it happening in the future.
Rather, in their lexicon “fairness” seems, at least with regard to business, to mean “responsible for losses but not entitled to profits” — risk without reward.