{"id":520173,"date":"2022-09-07T09:32:41","date_gmt":"2022-09-07T04:02:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=520173"},"modified":"2022-09-07T10:36:44","modified_gmt":"2022-09-07T05:06:44","slug":"windfall-profit-taxes-are-pure-economic-populism-and-thus-bad-policy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/windfall-profit-taxes-are-pure-economic-populism-and-thus-bad-policy\/","title":{"rendered":"Windfall profit taxes are pure economic populism and thus bad policy"},"content":{"rendered":"<p>Germany\u2019s government just became the latest to ingratiate itself with angry voters by promising a windfall tax on energy companies. One way or another, these levies aim to seize \u201cexcess\u201d profits and redistribute them to needy consumers aching from the soaring costs of electricity and heating. <\/p>\n<p>Several countries, from the UK to Italy and Greece, have already done something similar. Others \u2014 including the European Union \u2014 are lining up their own proposals.<\/p>\n<p>No matter the specific form, the sheer notion of windfall or excess-profits levies is cynical populism, and therefore bad policy. Proponents offer them as a deceptively simple solution to big but complex problems, thereby playing on the emotions rather than the intellect of voters.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Germany\u2019s government just became the latest to ingratiate itself with angry voters by promising a windfall tax on energy companies. One way or another, these levies aim to seize \u201cexcess\u201d profits and redistribute them to needy consumers aching from the soaring costs of electricity and heating. Several countries, from the UK to Italy and Greece, have already done something similar. Others \u2014 including the European Union \u2014 are lining up their own proposals. No matter the specific form, the sheer notion of windfall or excess-profits levies is cynical populism, and therefore bad policy. Proponents offer them as a deceptively simple [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-520173","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/520173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=520173"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/520173\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=520173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=520173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=520173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}