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by flavius29663 1042 days ago
> are you equally onboard with subsidies during lean times?

The problem is that these companies do receive subsidies during lean times, in both energy and banking fields, whether you want it or not. They are too important to be let to fail, and the governments will either subsidize them, bail them out or just plain nationalize them. In the case of Greece banking crisis, they nationalized the losses of foreign banks...

So a windfall tax makes sense in these industries, maybe in others too.

1 comments

At this point, the EU has the worst of both a free market based economy and a planned one. Profits goes to corporate owners when they exist and losses are taken up by the general public through subsidies. It's very comfy for our corporate overlords and the old generation who could afford to become shareholders in these companies when public policies actually helped them but it's a raw deal for the rest of us. Sadly, old people are the one who still vote and put our governments in place so I don't expect things to ever get better. I guess it's doomed to happen when the median age of your country hits 45.