Unjust Enrichment Penalty: Sometimes the old gray matter just doesn’t click in the way it should. For some time now I have been raging against the FCC’s “unjust enrichment penalty” that sellers of permits or licenses that had been obtained at auction with a new entrant credit must incur if they sell in less than five years. I simply could not get on board with a decent profit or capital gains being termed “unjust”. Then it hit me…the term “unjust enrichment penalty” does not apply to the so-called “enrichment”…it applies to the PENALTY. It’s the penalty that is UNJUST! Now I get it…it’s an “UNJUST enrichment PENALTY!”
That’s 30 for now…
