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> For instance here in Finland companies that invested in nuclear made good profit, because of not having to pay costs related to carbon offsets. Politicians sa
by smnrchrds 6y ago
> For instance here in Finland companies that invested in nuclear made good profit, because of not having to pay costs related to carbon offsets. Politicians saw the profits, considered them "windfall" and taxed them away.
Can you please expand on this a bit? Did they the change the law to tax something that was previously un-taxed? Did they tax it at an effective 100% rate so all the benefit would go to the state and none to the investors, or did the investors benefit too?
- HappyDreamer 6y agoYes I wonder that me too, and also, what does "considered them windfall" mean? Not a native speaker, sorry It means the politicians looked at the profits they could get from the taxes, as apples and fruit that had fallen from the trees (because of a wind), and they could pick it up with no effort?