You made money? How dare you

Post Reply
Fraser921
Posts: 2955
Joined: Mon Mar 22, 2021 11:48 am

You made money? How dare you

Post by Fraser921 »

Tesco chairman John Allan has joined calls for energy giants to be slapped with a windfall tax to ease the pressure on households suffering the most from the cost-of-living crisis.

Speaking on BBC Radio 4’s Today program he argued there was an “overwhelming case” for a one-off levy on North Sea oil and gas companies, revealing some of the supermarket’s customers have started rationing the amount of food they buy at the supermarket.

He warned the country was facing “real food poverty for the first time in a generation,” and that people were finding it even harder to mitigate soaring energy costs.

Allan explained: “There’s an overwhelming case for a windfall tax on profits for those energy producers, fed back to those most in need of help with energy prices.”

The Tesco boss’ comments follow the proposals from the Labour Party for a one-off £1.2bn levy on North Sea oil and gas companies, with energy firms reporting hefty profits amid soaring oil and gas prices.

The tax would contribute to opposition plans to provide a £600 annual saving to household energy bills for low-income households.

>I think they should put a windfal tax on CEO's that call for higher taxes.
sl6886
Posts: 138
Joined: Tue Jul 14, 2020 7:57 am

Re: You made money? How dare you

Post by sl6886 »

The best way to tax liberalism is called inflation.

Windfall profit tax is a way to claw back the gains from those who recognize the State's grand larceny ahead of time and position accordingly.

I'm assuming Manchin and Sinema are not for this?
Fraser921
Posts: 2955
Joined: Mon Mar 22, 2021 11:48 am

Re: You made money? How dare you

Post by Fraser921 »

This guy is a Brit but the same sentiment exists here and yes Manchin wont vote for it but it gives the Democrats something to talk about in the November elections.

Look, look right there, Manchin supports the oil industry
Post Reply