Wealth Taxes

Started by Waltzing, Apr 26, 2023, 07:44 PM

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Henry Filth


A new roaring 20s? Maybe, but the WSJ reckons that. . . 

"Cathie Wood's flagship exchange-traded fund has rallied more than 50% this year. Investors are using that as an opportunity to get out.

They have pulled a net $717 million from the ARK Innovation ETF over the past 12 months, according to FactSet. That exodus marks a notable shift for a fund that had consistently drawn investor cash since its 2014 inception. Once the largest actively managed ETF with nearly $30 billion in assets under management, the fund has shrunk to roughly $9 billion, mostly due to investment losses.

Known by its ticker symbol ARKK, Wood's fund became an investor darling shortly after the onset of the Covid-19 pandemic with hugely successful bets on unprofitable and "disruptive" technology companies. It took in huge amounts of investor money, culminating with a $6.5 billion inflow in the first quarter of 2021, when its share price peaked.01
"

Paywalled at https://www.wsj.com/articles/investors-are-bailing-on-cathie-woods-popular-ark-fund-dbf5d8

Waltzing

Those taxes are criminal enterprises under state sanction stealing operations....


Waltzing

Here we go again... food shortages ...  Tax the wealthy its the best solution yet...

just roll out the https://en.wikipedia.org/wiki/Guillotine

then confiscate their estates ...

Then when you run out of wealthy dead people what then ...

https://www.stuff.co.nz/entertainment/stuff-to-watch/300960845/the-food-crisis-the-urgent-timely-documentary-every-kiwi-voter-should-watch

Ferg

The article started out promising and the author / doco maker went 'off piste' so to speak.  To claim taxes solve food shortage shows he has not yet clearly defined the problem.  More propaganda posing as news?

Quote from: Waltzing on Sep 03, 2023, 10:02 AMHere we go again... food shortages ...  Tax the wealthy its the best solution yet...

...

https://www.stuff.co.nz/entertainment/stuff-to-watch/300960845/the-food-crisis-the-urgent-timely-documentary-every-kiwi-voter-should-watch

Waltzing


Shareguy

Quote from: Waltzing on Sep 03, 2023, 10:02 AMHere we go again... food shortages ...  Tax the wealthy its the best solution yet...

just roll out the https://en.wikipedia.org/wiki/Guillotine

then confiscate their estates ...

Then when you run out of wealthy dead people what then ...

https://www.stuff.co.nz/entertainment/stuff-to-watch/300960845/the-food-crisis-the-urgent-timely-documentary-every-kiwi-voter-should-watch

Why am I not surprised to read this on stuff.

Henry Filth

Shareguy, it's the way the world is moving. You get taxed when you make money, you get taxed on the money you have , then taxed on the money you spend.

Think of it as winning at a bonus trifecta!

KW

Which party is proposing to close down 20-25% of New Zealand's farms?  Labour.  If you don't want to starve in the future, don't vote Left.
Don't drink and buy shares in a downtrend, you bloody idiot.

BlackPeter

Quote from: KW on Sep 07, 2023, 12:45 PMWhich party is proposing to close down 20-25% of New Zealand's farms?  Labour.  If you don't want to starve in the future, don't vote Left.

I guess there are lots of real reasons not to vote for Labour, but your statement is clearly incorrect and nonsensical.

I assume you realise that the 20% (not 25%) was referring only to beef farming? Might be hard to believe, but there are other things our farms produce which are edible: fruit, veggies, potatoes, grain, corn, milk.

As well ... NZ agriculture is currently feeding some 40 million people. Even if you statement would be true (which it is not), there still would be more than enough food for the 5.something million people living in NZ.

Actually - not sure whether you consider yourself hard-right (some of your arguments and misinformation clearly come from that conrner ...) - but I think the hard right is shooting itself in the feet by spreading such nonsense.

The only way for National to win is to embrace the political centre instead of putting them off.

Ferg

#114
Quote from: KW on Sep 07, 2023, 12:45 PMWhich party is proposing to close down 20-25% of New Zealand's farms?  Labour.  If you don't want to starve in the future, don't vote Left.
How they think they can do that without stuffing export earnings and the consequent downstream impacts shows they are delusional ideologues.  There are many reasons to not vote left...closing down 20% of farms is one of many.

"The scariest impact from the government's rehash of the He Waka Eke Noa proposal was that it's own modelling showed the impact on sheep and beef farming would be as high as 20%."

My bird bath has more depth than the Labour front bench.

KW

So Washington state announces they will be implementing a 1% wealth tax, and Jeff Bezos decides to move to Florida.  It would cost him $1.6B a year to continue to live there (more actually as he would have to sell shares to fund it, so also pay capital gains taxes). 
How much annual income tax will Washington lose by driving the richest man in the state out of it?

There's a lesson there, if the Greens/Maori care to learn it.
Don't drink and buy shares in a downtrend, you bloody idiot.

Basil

#116
QuoteMy bird bath has more depth than the Labour front bench.

LOL, I missed that post until just now.  Funniest sentence I have read all week.
Very well said.  I better clean mine out so the birds can enjoy it this summer, it's full of rotten old weeds and dead wood twigs...perhaps not unlike the Labour party lol

Waltzing



Waltzing

To complicated to explain ... right and they are usually a nightmare to implement and dont involve proper ledgers and currency smoothing calculations...

https://www.nzherald.co.nz/nz/politics/labours-worst-week-highlights-its-existential-crisis-political-round-up/X5ZFOQ53UJAZXPWZVKJ4ETBTVY/