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ISSUE #4
‘THE REAL STORY OF JANUARY 6’ --EPOCH TIMES DOCUMENTARY
SHOULD ENERGY COMPANIES’ WINDFALL
After more than 18 months of heated rhetoric, political commentary, and nonstop media coverage, do we really know what took place in Washington on Jan. 6, 2021?
NEW YORK—Was it a coup, a riot, an insurrection, or a protest?
PROFITS BE
To provide new clarity on the events of that day, EpochTV and The Epoch Times have produced a documentary, “The Real Story of January 6,” which will premiere on Friday, July 22. The film is narrated by Joshua Philipp, host of “Crossroads” on EpochTV and a senior investigative reporter at The Epoch Times.
TAXED? While many households wonder whether they will be able to afford to heat their homes this winter, energy companies are raking in record profits, and governments in a growing number of economies, from the United Kingdom to the European Union, want a cut. Is this an obvious way to appease a public reeling from inflation and help replenish state coffers, or is it market-distorting populism at ! work? VE!
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Jasper Fakkert, editor-in-chief of The Epoch Times, said: “There has been a narrative perpetuated about January 6 that omits many of the facts about what happened that day. “With in-depth interviews and exclusive video footage, we take an objective look at the issues, the people, and the impacts of the events.” WE ASK JOHN COCHRANE, Daniel Litvin, Yanis Varoufakis, and Isabella M. Weber whether the benefits of a oneoff tax on the energy sector’s war-fueled windfall would outweigh the costs. JOHN H. COCHRANE: The one-time “windfall” tax is a recurrent temptation; governments have talked about them every time energy prices have spiked since the 1970s. The tax appears to raise money without discouraging investment, because the investment has already been made. But such a tax is like one drink to an alco-
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holic: passing this one will cement expectations for the next one. The message to investors and energy companies is clear. Put up money today. If prices go down, tough. If prices go up, we’ll tax away your “windfall.” Hmm. Maybe you should do something else with your money. The proposed European taxes are even more hilarious, because they fall on “green” technologies like solar panels and windmills. Perhaps there is poetic justice in the beneficiaries of immense subsidies seeing some of their profits removed, but poetry does not provide good incentives, and good incentives are vital if these are ever to be self-sustaining industries. The United States is on the verge of destroying new drug development with the same bad ideas. It will be a long winter, so let’s carve up that golden goose. Too bad about those eggs next Easter.
It examines the human impacts of Jan. 6, including the suicide of one defendant and the long pretrial imprisonment of dozens of others. It also investigates claims that some DANIEL LITVIN: of the attacks on the Capitol and Yes, if done carefully and in a balan- police were carried out by unindicced way. But for governments, this is ted suspicious actors. like trying to walk a tightrope in high winds. The high winds are the fraught politics of taxes on extraordinary profits – the angry arguments and counter-arguments that typically accompany moves to levy them. On one side, voters fume over apparent profiteering by the companies. On the other, companies cry foul over what they see as arbitrary grabs for their cash and complain that their incentive to invest will be undermined. Amid these political gales, devising a well-balanced strategy is no
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The film takes a close look at the shooting of 35-year-old Air Force veteran Ashli Babbitt and the deaths of three other supporters of former President Donald J. Trump. It analyzes the police response to the massive crowds and use of force around the U.S. Capitol.
“The Real Story of January 6” was streamed free on Epoch TV for subscribers on July 22, and is currently available for purchase on demand. Visit the film’s landing page for more detail at https://www. theepochtimes.com/the-real-storyof-january-6-2_4632943.html