A Shell sign is seen at a petrol station in London on October 27. Calls for windfall taxes continue to grow as oil companies profit from high energy prices due to the war in Ukraine. Photo: EPA-EFE
A Shell sign is seen at a petrol station in London on October 27. Calls for windfall taxes continue to grow as oil companies profit from high energy prices due to the war in Ukraine. Photo: EPA-EFE
David Brown
Opinion

Opinion

Macroscope by David Brown

Tax the rich and Big Oil to avoid a global recession

  • Policy tightening is a recipe for disaster, increasing the odds that recession will follow in some parts of the world
  • Instead, more progressive taxes are needed to make the wealthier help fund welfare reforms, and to rein in excessively profitable energy companies

A Shell sign is seen at a petrol station in London on October 27. Calls for windfall taxes continue to grow as oil companies profit from high energy prices due to the war in Ukraine. Photo: EPA-EFE
A Shell sign is seen at a petrol station in London on October 27. Calls for windfall taxes continue to grow as oil companies profit from high energy prices due to the war in Ukraine. Photo: EPA-EFE
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