Excess profit doesn't have to come from rent seeking. It could just be an accounting anomaly. I wish politicians tried to actually solve real problems instead of trying to blame scapegoats. Oh, and the tone of the article is awful by the way.
Ryanair Condemns Hungarian Govt’s Idiotic ‘Excess Profits’ Tax
81–90 of 92 posts
Re: Ryanair Condemns Hungarian Govt’s Idiotic ‘Excess Profits’ Tax
#82>This is not an ‘excess profits’ tax, it is just highway robbery by a Govt. that is completely out of touch with reality Flying, for almost _any_ reason is, in this day and age, completely out of touch with reality.
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Re: Ryanair Condemns Hungarian Govt’s Idiotic ‘Excess Profits’ Tax
#83Earlier quoted context omitted.
I expect that the comment above was referring to the negative externalities, not captured by the financial side. For example, having more free time is probably not adequate compensation for the greenhouse gases emitted (at the societal level at least).
> not captured by the financial side. The EU has emissions caps. Each year fewer and fewer carbon emissions rights are auctioned out. https://ec.europa.eu/clima/eu-action/eu-emissions-trading-sy... Maybe it doesn't yet reflect the externalities on the environment. But it eventually will. The 2030 target is set so that the EU becomes climate-neutral. https://ec.europa.eu/clima/eu-action/climate-strategies-targ... Unti…
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Re: Ryanair Condemns Hungarian Govt’s Idiotic ‘Excess Profits’ Tax
#84Earlier quoted context omitted.
I guess my response would be: most airline apps are garbage. Any airline risks ending up at a remote stand (just had 3 legs on Lufthansa at Frankfurt on A320s that all ended up at or departed from remote stands). Yes, the gates are far away and unpleasant, but I mean, some airline would get them no matter what - Ryanair is just passing on the savings of doing so. Most airlines have huge baggage fees that are basicall…
> If you compare a given flight, and add up the fees, you'll pay a lot more to a full-service carrier and get basically the exact same - but less timely. Not necessarily true. Actually quite often not true
I fly 120-150,000 miles per year, across a mix of low-cost and full-service carriers, in the US, Europe and Asia.
Most European carriers even charge seat selection fees in long-haul business class unless you have status.
Re: Ryanair Condemns Hungarian Govt’s Idiotic ‘Excess Profits’ Tax
#85Earlier quoted context omitted.
The CEO is notoriously outspoken, it doesn't surprise me at all. It's kind of refreshing to see something that hasn't passed through a public relations filter. For some colourful viewing, here's the CEO proposing a "standing cabin" on planes, and asserting that "the customer is nearly always wrong": https://youtu.be/xmGRGv2jEkg
For flights under two hours or so, I think I'd rather be forced to stand than forced to sit. Of course, an aisle seat where I can stand or sit at will is the ideal.
Would the seatbelt have to be renamed? I can't imagine how to secure standing passengers against turbulence.
Re: Ryanair Condemns Hungarian Govt’s Idiotic ‘Excess Profits’ Tax
#86Earlier quoted context omitted.
> If you compare a given flight, and add up the fees, you'll pay a lot more to a full-service carrier and get basically the exact same - but less timely. Not necessarily true. Actually quite often not true
I fly 120-150,000 miles per year, across a mix of low-cost and full-service carriers, in the US, Europe and Asia. Most European carriers even charge seat selection fees in long-haul business class unless you have status.
> I fly 120-150,000 miles per year, across a mix of low-cost and full-service carriers, in the US, Europe and Asia.
Well done. And I bet you have all your frequent flyer tags dangling from your backpack
Re: Ryanair Condemns Hungarian Govt’s Idiotic ‘Excess Profits’ Tax
#87I don't know, Ryanair testing south Africans if they were genuine if they could speak Afrikaans definitely was idiotic. Not all speak that language.
Re: Ryanair Condemns Hungarian Govt’s Idiotic ‘Excess Profits’ Tax
#88Earlier quoted context omitted.
I fly 120-150,000 miles per year, across a mix of low-cost and full-service carriers, in the US, Europe and Asia. Most European carriers even charge seat selection fees in long-haul business class unless you have status.
> I fly 120-150,000 miles per year, across a mix of low-cost and full-service carriers, in the US, Europe and Asia. Well done. And I bet you have all your frequent flyer tags dangling from your backpack
No sir! I'm no DYKWIA. However, I do know something about airlines.
Re: Ryanair Condemns Hungarian Govt’s Idiotic ‘Excess Profits’ Tax
#89A corporation complaining about taxes? My oh my.
Re: Ryanair Condemns Hungarian Govt’s Idiotic ‘Excess Profits’ Tax
#90>This is not an ‘excess profits’ tax, it is just highway robbery by a Govt. that is completely out of touch with reality Wow, this is an aggressive statement by a corporate entity. I know Ryanair has always been more outspoken than other corporate entities (besides perhaps Ben & Jerry's) but this was quite surprising to read
Ryanair's completely right, even with the tone. Meanwhile the Hungarian state media pretends being outraged and surprised(!) about Ryanair's decision of passing down taxes on consumers. This country's a joke. The narrative broadcasted by local (state owned) media is still that Orban is protecting people from evil corporations making "extra profit" (that's how they keep calling it, no matter how stupid and meaningless…
Sounds exactly like the debate in Sweden in the 80's. They even used a very similar word.
They even went so far as implementing a system where extra profit went into a separate fund that was going to buy shares of the company. An interesting way to take over companies by the state. Thankfully the project was stopped before it was fully implemented.
Some more information. https://en.m.wikipedia.org/wiki/Employee_funds