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Antitrust Tax

British Direction

Energy companies are making windfall profits in both the United States and the United Kingdom.

In the United States, progressives in the Biden Administration blame monopoly and call for more antitrust enforcement.

The theory is that the antitrust enforcement will cause firms to compete more heavily.

Which will cause them to lower prices.

Which will cause their profits to decline.

Which will cause both rich and poor people to pay less for energy.

Which will make poor people a little richer, completing the redistribution of a portion of those profits.

In the United Kingdom, the government just taxes away the windfall and mails checks to the needy.

When you really want to get something done, you take a direct approach.

The only direct way to redistribute is: tax and transfer.