Gulag Blog

Tavakoli on a windfall profits tax

Stacy Summary:   I agree; but first we should remove all subsidies and cheap funding to the Friends of Timmy.  Then, we should take back what is ours.  And then, we should tar and feather them.  Or should that come before the windfall profits tax?

• We should impose a 95% excess profits tax on certain financial insitutions profiting at our expense

During World War II, we imposed an excess profits tax. We should impose a 95% excess profits tax—or windfall profits tax—on certain financial institutions (including Goldman Sachs) enriching themselves with ongoing low-cost Fed funding and debt guarantees.

Tags: banks, goldman, windfall profits tax

No comments yet.

Leave a comment