Relevant and even prescient commentary on news, politics and the economy.

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The Windfall Profits Tax Debate

…taxing economic rent: Windfall or supernormal profits are any profits in excess of normal profit and are above and beyond that necessary to keep entrepreneurial resources in their current usage….

…gross profit margin to cover its accounting costs as well as provide for a normal return to its invested capital. Our U.S. manufacturer has two types of accounting costs: production…