2Yr
Above all, an excess profits tax would be directly priced in and thus passed on to the consumer, which directly torpedoes the basic idea of relieving the consumer with lower costs. Especially since profits in Europe via holdings, etc. are also gladly shifted to other countries such as Ireland. So far, no one has been able to explain to me how the whole thing should work with the "excess profits tax", that the consumer pays less and not the oil companies + state only profit from it. At most, a cap on the price or driving bans, which subsequently regulate the price via lower consumption. But both can hardly be economically desired...
•
33
•
@Amok Good reasoning and definitely to be considered in the whole mix.
••