Maybe they will try a “windfall profits tax;” and I don’t even have a leisure suit. Wage and price controls will also be on the table.
When that was tried under Nixon the economy was not as global as it now. Such an attempt will result almost immediately in an economic disaster. Look how quick the markets punished Putin the very day he invaded the Ukraine. These days the markets don’t wait. Price controls will lead to shortages within days.
Really. I’m surprised they haven’t already floated this idea big time.