The profits do benefit the people....it's a publically traded corporation.
What you saying may be the just thing, but the effect of a windfall profits tax is the effect of a windfall profits tax. These subsidies should be set up as a loan so they show on the books as debt for the companies. Without that, all trading that has taken place for stock in that company is based on a faulty bottom line. If they take it on as a loan, which I have no problem with, then it is something that is expected to be paid back. A subsidy really isn't expect to be paid back.
|