I usually prefer to put forward my own ideas, but this one is too good to ignore. I'm referring to John Major's recent call for a windfall tax on energy companies, which I believe is the fairest way to deal with the 'big six' energy companies fleecing those who can't afford it just to survive the winter, for four reasons:
1. It's a penalty that can't be passed on to the customer
This is self-evident. Unlike the green levies that have been imposed, you can't pass a windfall tax on your profits on to your customers, because then your tax would be greater. It's circular, and bullet proof in that regard.
2. The Green Levies can stay
There's no need to backtrack on the Green levies, which should be in place if we want to have any forward thinking when it comes to our energy sector Yes, the companies can still pass this cost on to the customer, but then...that jacks up their profits, and their windfall tax (see 1). Green energy is an investment that can't be ignored.
3. It takes money out of a profitable part of the private sector, and puts it into the ailing public sector.
The windfall tax of course, goes straight back into the public coffers - so even if energy prices don't dramatically fall, money can make its way to front-line public services, or even be used directly to help those that require help with their energy bills or converting their homes for greater fuel-efficiency.
4. It reminds the energy sector, that they are not just 'a business'.
The line between private business for profit and public service needs to be blurred for the energy sector. They are not, and cannot be like other private businesses. That level of infrastructure, and the fact that people rely on them with their very lives means they should be kept in check far more than that. The Windfall tax would serve as a stark reminder, as well as a leash to ensure that the Country's energy supply is not a purely for-profit sector to work in - There is a greater responsibility to Britain's citizens here that they've somehow managed to avoid.