> knowing that 99 will fail but 1 will make astronomical returns. How would this... | Hacker News

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		fock on Aug 8, 2023 \| parent \| context \| favorite \| on: Italy approves 40% windfall tax on banks for 2023 ... > knowing that 99 will fail but 1 will make astronomical returns. How would this work if there were windfall taxes? the same way it works now: counterbalance losses with gains.

gruez on Aug 8, 2023 [–]

Right, but the windfall taxes in this case is applied on individual companies, rather than on the portfolio as a whole.

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