Tuesday, June 10, 2008

Windfall?

Who defines what a Windfall Profit is?

Is it some magical dollar level, or is it a percentage of return?

If ABC Oil spends $600 million on research, development and recovery, and they see a 10% profit, is that excessive?

Does it get reported that way? Nope. Ricky Reporter breathlessly tells up that ABC Oil made $60 million in profit! How Obscene! They should forfeit that money for the good of "the po' folks.

So, if 10% profit is a Windfall Profit for Big Oil, what about every other segment of the economy? Big Media? Big Fill-In-The-Blank?

Who decides? Senator Soundbyte? No thank you!

1 comment:

  1. David, do you mind if I highlight your, Where does the time go? post from your Our Adoption Trail blog on the Blogged In- Network. Nicely website today?Please let me know as soon as you can by emailing me at adoptive_mom_1 [at] yahoo [dot] com.Thanks so much! :)

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