In Good News, the Race to the Bottom Got Harder

Remember the argument that we shouldn’t tax people because they’ll just move elsewhere?

The British government appears not to believe it.

Will the Geithner/Summers axis continue lying that “we can’t do that”? Since it really is a Windfall Profit, taxing it seems a reasonable idea. And now we won’t even be able to pretend that workers will just “move to the U.K.”