Quote:
Originally Posted by billyboy
So could somebody please explain to me - EXACTLY WHAT IS A WINDFALL
PROFIT?
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Windfall Profit - Profit earned by a company in an industry that people don't like. Opportunistic politicians exploit this and single out unpopular companies for windfall profit taxes. The politician then gives the windfall profits to people in exchange for their votes. Some voters find this a just and satisfying arrangement, viewing the politician as a Robin Hood hero.
This only works with companies that people don't like. Singling out popular companies for windfall profit taxes would be viewed as unethical, unjust, and unamerican.
If Robin Hood had stolen from good people, he too would have been simply a thief.