Why is the prevailing story in the media “the price of eggs is high” and not “record windfall profits from food and oil companies” ??
America’s largest egg producer Cal-Maine reported a record quarterly profit of $198 million
Anti-poverty charity Oxfam is calling for governments to impose windfall taxes on large food companies
THAT’S the story.
What's a windfall tax going to do about ten percent of the flock being culled and prices rising until 10 percent of the demand is destroyed?
Just went to the store and there were no eggs at any price.
I just don't understand what a windfall profits tax is supposed to accomplish here, prices are still going to go up when there's supply shortfalls, and then you're just taking away capital that needs to be re-invested to improve supply, which is where highly concentrated markets need regulation and anti-trust so the windfall isn't all siphoned off by parasitic monopoly capital.
flexghost.
josh buermann
onecaliberal