Monday, August 11, 2008

What Is a ''Windfal'' Profits Tax? By Jack Ward

What is a "windfall" profit anyway?  I would define a windfall profit as profit without any meaningful effort.  But liberals/socialists have a different definition.  They seem to believe any profit above some arbitrary amount is fair game for a windfall profit tax.  But profits are good. The profits from companies employ thousands of employees, provide needed products, pay billions in taxes, and provide a stable income for investors.

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