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Decentralized Democracy

House Hansard - 314

44th Parl. 1st Sess.
May 21, 2024 10:00AM
Context: House Hansard - 314 - May/21/24
Ms. Laurel Collins
  • May/21/24 10:37:13 a.m.
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Mr. Speaker, I think the member does not understand an excess profits tax. It is a tax on the excess profits, the windfall profits, and it is not a radical idea. It has been implemented in the UK with respect to oil and gas. It has been implemented in 20 European countries, and it has been shown that taxing excess profits, windfall profits, disincentivizes price gouging. It disincentivizes the greedy corporations from making even more money and putting it in the pockets of their shareholders at the expense of everyday people.
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