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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@Nick@Brendan cheers mate, $PNL.AX has done exceedingly well, highly suggest people look into who was just brought in as CEO over there (Todd Hannigan) - thermal coal will boom in the USA also so $PNL.AX as a low cost developer should be further de-risked. BFS is due out any week now!
@Brendan@billionaire cutting tax rates benefits everyone whose rate is cut not just the rich. also what is your assumption about what the "intention" is. The intention is to be more fair and let people who make money have the money, in line with the Declaration of Independence of this country - that people are allowed to pursue life liberty and property without interference from governments hostile to those ideals.
@Brendan@billionaire that article did not mention "tax" anywhere. it says that in societies where income accrues more to the wealthy, there are more societal problems, lower education for all, lower gdp, etc. can't say I disagree. society is better when everyone makes more money. incidentally, wealth inequality has increased sharply here under the Obama administration
@bullionaire@brendan I agree with if you give tax breaks it sure better benefit your country.. Thats all... My point is, I agree with free enterprise, totally. But, i dont believe that how we are being governed..
@Brendan@kjm mnuchin never worked in politics lobbying etc before trump. he was a banker and film producer. also... he bought a bankrupt bank out of receivership in 2009. is that "profiting from the housing meltdown"? I guess I profited from the commodities meltdown then by buying distressed miners earlier this year. how scandalous!
@BrendanNo he has not background or experience in politics at all. That's how I interpret swamp is people living in the beltway making money off DC business - benefiting from public office or policy - dem or rep or both. I don't consider bankers as swamp things. I don't consider Soros swamp either. Incidentally, I would rather someone who "benefited from the housing collapse" than someone who never saw it coming and got blindsided by it. Who would you rather have in charge of money - John Paulson or Dick Fuld?
@Brendan@starfire I am one of those people I guess. if you want to understand I can explain I guess but I think it's hopeless cause your mind is made up. all I can tell you is that at a high enough tax rate, I stop working.
@StarFire@Brendan no I'm open minded and would like to hear if you like to share, and I'm not talking communism here, but the idea is that in America especially, corporations rarely pay tax as it is, even if the rate is what 38% ? The effective rate is much less. While I'm stuck on the share buyback thing, if anyone looks the figures are staggering...so I'm saying its not high tax rates which is stopping buybacks, but it's high taxes which is stopping job creation? It doesn't matter, in 10 years they'll be no jobs in anyway it's all going to be robots running America...basically high or low tax, this ship is sinking unless you own $silver and $gold
@Brendan@StarFire buybacks and corporate rates is beyond me. If there are loopholes to get around paying the corporate tax fine. I think it would be better just to have a low rate and not loopholes. From an individual perspective though I can tell you if rates were lower, I would work more. I think taxes are best when they are a minor nuisance not something that devotes the lion's share of my time and effort. I think the obsession with "fair share" has become pathological and unhealthy. I don't think the point of taxes should be to maximize money for the government. I think it should be enough for them to do their job with he least amount taken away from people.