Forum | Is the truss line on windfall tax dishonest or just illogical? by ZXBlue

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Is the truss line on windfall tax dishonest or just illogical? 12:36 - Sep 8 with 687 views

- We should apply a windfall tax to help pay for fuel crisis

- No. We can't tax our way to growth.

Its a complete straw man / non sequitur. Noone says we can tax our way to growth or that we should try. The question is about ginagorous unusual profits created by a war rather than by investment or clever work by energy companies. Nothing about such a tax on excess profits in such unusual circumstances has any bearing on companies inclination to invest.

You could even arrange the tax so there us exemption for profit demonstrably invested in green energy or environmental progress.

Is the truss line on windfall tax dishonest or just illogical? on 12:57 - Sep 8 with 625 views

Darth_Koont

Isn’t capitalism about investing profits into increasing/improving the means of production to produce more and grow more?

Unfortunately, the ultra-capitalists don’t seem to get that part. For them it’s just maximising profits for their own sake then stashing the wealth. And probably looking for grants/subsidies/tax relief to actually invest.

The practical solution is to tax them more so society can at least make the investments needed for economic growth.

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Is the truss line on windfall tax dishonest or just illogical? on 13:02 - Sep 8 with 616 views

StokieBlue

Footage from a new BBC documentary of Truss policy writers in action.

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Is the truss line on windfall tax dishonest or just illogical? on 13:03 - Sep 8 with 590 views

monytowbray

Is the truss line on windfall tax dishonest or just illogical? on 13:02 - Sep 8 by StokieBlue
Footage from a new BBC documentary of Truss policy writers in action. SB

We do certainly live in the blurst of times and it’s only going to get blurse.

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Is the truss line on windfall tax dishonest or just illogical? on 13:14 - Sep 8 with 563 views

giant_stow

Its especially silly as the rest of the business world is also getting clobbered by energy prices - she's basically favouring a few energy firms over the rest of business. If the fix is to be paid for purely by the govt, more so.

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Is the truss line on windfall tax dishonest or just illogical? on 13:24 - Sep 8 with 520 views

ZXBlue

Is the truss line on windfall tax dishonest or just illogical? on 13:14 - Sep 8 by giant_stow
Its especially silly as the rest of the business world is also getting clobbered by energy prices - she's basically favouring a few energy firms over the rest of business. If the fix is to be paid for purely by the govt, more so.

It won't be paid for by government but by us. Which is not the way to encourage growth....

Is the truss line on windfall tax dishonest or just illogical? on 13:31 - Sep 8 with 505 views

giant_stow

Is the truss line on windfall tax dishonest or just illogical? on 13:24 - Sep 8 by ZXBlue
It won't be paid for by government but by us. Which is not the way to encourage growth....

Yes, thats the long version of what I meant to say!

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