Posted on 01/16/2023 4:14:24 AM PST by Oldeconomybuyer
Food companies that have increased their profits as inflation surged should pay windfall taxes to help tackle global inequality, anti-poverty group Oxfam said on Monday at the Swiss ski resort of Davos as the World Economic Forum kicks off this week.
The organization asserted that food companies — like energy companies — have used climate change, the surging cost of living, Russia's invasion of Ukraine and the COVID-19 pandemic as an excuse to increase prices for consumers.
Oxfam said the world's top 1% gained nearly twice as much wealth as the remaining 99% combined. Meanwhile, 1.7 billion workers live in countries where inflation is outpacing wage growth.
The organization also analyzed 95 companies that posted windfall profits and found that most pass on these profits to shareholders while charging consumers higher prices.
Oxfam executive director Gabriela Bucher told the AP, "The number of billionaires is growing, and they're getting richer, and also very large food and energy companies are making excessive profits,"
"What we're calling for is windfall taxes, not only on energy companies but also on food companies to end this crisis profiteering," she added.
At least one country has already implemented a windfall tax similar to what Oxfam has proposed.
For the whole of 2023, Portugal has introduced a 33% tax on food and energy companies that record profits 20% higher than the average of the last four years.
Revenue raised from this windfall tax will go towards welfare programs and to help smaller food retailers.
(Excerpt) Read more at dw.com ...
The governments created the food scarcity problem and are going to raise the price of food even higher by taking food producers. These devilish WEF creeps want to starve us all.
Sounds like someone is planning food shortages and famines.
Hope a meteorite hits the conference center and takes out everyone at the WEF leaving nothing but ashes. Then, finally something good would have come from these meetings.
I guess these creeps don’t think the world’s poorest are starving fast enough.
Seconded.
Taxes are paid by consumers. Corporations pay NO taxes
I call for a windfall tax on windmills.
Except please spare Maria Bartiromo. She’s been going there for years to see what the a$$holes are up to.
“...Hope a meteorite hits the conference center...”
And before that, it breaks into pieces to crash into DC, Chicongo, Detroit, Los Angeles, Philadelphia, etc, etc.
We can dream.
These United States, for example ...
"Windfall profits tax" is straight up communism. Anyone who suggests such a thing should be banished from polite society ... treated as a common criminal.
“Evolution, revolution, gun control, sound of soul-shooting rockets to the moon,
Kids growing up too soon,
Politicians say, “More taxes will solve everything,”
And the band played on.”
The Temptations, 1970.
These are the people burning down our food manufacturing plants. It is obviously WEF planned depopulation scheme. Starvation of the masses.
Just thing. many of these monsters are sitting right there in cesspool Washington DC. That is why they haven’t caught a single arsonist perp yet.
Maybe they pay off the owners to burn it down. There is no too low for scum like this.
I did hear Klaus was busy and couldn’t be at the meeting this year. LOL
Are we still paying farmers not to plant crops? Turning our grain into a gasoline additive? Pushing high-cost organic food? Discouraging harmless GMO crops? Banning fertilizer?
Economics 101:
Taxes on goods reduce their supply and increase their costs.
Knowing the WEF, that’s probably the goal.
Yes, both Schwab and George Soros have stated they have “scheduling conflicts” and will not be able to attend.
Davos is just a meeting for international communism. And everybody is paying the high price of food, not just the poor. Actually, the poor are already getting assistance, and are not paying as much as everyone else. The goal of these people here just seems to make everyone either rich or poor. All the while whining about how the rich are getting richer and the poor are getting poorer.
Taxes are paid by consumers. Corporations pay NO taxes
I hear this all the time from talk radio, especially Hannity. It is not blanketly true.
Many companies pay taxes on their earnings and are in competitive markets where they can’t just raise their prices at will, so it comes out of what they earn.
What we need is a Davos tax.
Anyone who attends Davos should take a vow of poverty for the next twenty years and give all their wealth to the people they hate the most....
Poor white people.
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