Tuesday, August 26, 2008

Quote of the Day:Well-Earned, Richly Deserved Tax

"Windfall," of course, is just another word for "undeserved," which is why windfall profits are defined as the profits earned by someone other than you. If we were honest with the people having their profits yanked away, we'd call it the "well-earned and richly deserved profits tax."

~Jonah Goldberg


At 8/26/2008 8:56 AM, Anonymous Anonymous said...

I find it difficult to reconcile the use of "windfall" as an adjective to profits, because it's utterly redundant when used by those who want such taxes. Generally, those who push for such taxes deem all profits as undeserved or immoral.

At 8/26/2008 9:51 AM, Blogger OBloodyHell said...

Right. Anti-business, anti-industry, anti-technology.

Since human life and well-being depends on those things, also anti-human.

At 8/26/2008 10:10 AM, Anonymous Anonymous said...

Isn't a "windfall tax" a "windfall profit" for the government?

Just as well that nobody taxes the government's tax income.


At 9/16/2008 9:23 AM, Blogger Colm O'Connor said...

Oil company profits will be well earned and richly deserved the day that you or I are able to start an oil company in competition with the incumbents.


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