Like the proverbial Pavlovian reflex, whenever some businesses are perceived to make too much profits (whatever that is), too many Western politicians demand the immediate imposition of an ad hoc windfall profit tax!
What kind of greed is that by these politicians!
First of all, business profits, whether small or large, whether incremental or sudden, will eventually be taxed!
Arbitrary and sudden interventions into business taxation are extremely bad and counterproductive policies! Taxation needs to be predictable and steady!
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