Profits are the very soul of capitalism. Profits drive innovation. They drive productivity. They provide the capital for economic growth for the next generation. Do we really need to explain this to leaders of a capitalist country?
Do you remember seeing that tape of Maxine Waters saying that “We are going to take over the oil companies, we are going to socialize the oil companies” Well, this is as close as they can come right now, take over the profits of the oil companies.