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!