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+ - Windfall Profits Tax on Google..?

Submitted by
bricko
bricko writes: "Should there be a Windfall tax on Google..? http://www.usnews.com/usnews/biztech/capitalcommer ce/070212/windfall_profits_tax_some_mode.htm — Exxon made 37 Billion on sales of 397 Billion for return on sales of about 10%. Google made 3 billion on sales of 10 billion for a return on sales of 30%. Should these proposed "windfalls taxes" be spread more widely, or just on the "perceived" evil companies. If 10% return in evil...is 30% return MORE evil? And would Intel's 20% return. twice that of Exxon be twice as evil..? Since the last time windfalls profits taxes were implemented resulted in an 8% reduction in product availability...is it good policy to start with, or mostly a politicians wet dream."

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