BUSINESS

Martin Wolf: Wall Street Bonuses Should Be Subject To A Windfall Tax

03/18/2010 05:12 am ET | Updated May 25, 2011

Windfall taxes are a ghastly idea. They are a sop to prejudice, a burden on risk-taking and a form of arbitrary confiscation. No sensible person should support them. So why do I now find the idea of a windfall tax on banks so appealing? Well, this time, it really does look different.

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