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Old 03-13-2019, 09:08 PM   #51
Max Cut
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Re: 2020 Dems - Sell USA?

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Originally Posted by formula72 View Post
Claiming it's undeniable with no support is where the horrible posting began, FWIW. Well, not where it began, that belongs to the OP. But it's the horrible posting I was satirizing.
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Old 03-13-2019, 10:27 PM   #52
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Re: 2020 Dems - Sell USA?

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Spreading extreme right-wing propaganda is not following politics, it's just parroting fear-mongering profiteers. In the politics forum claims like those made by OP and toothsayer must be supported by verifiable sources rather than the poster's feelings. That's why toothsayer is banned from posting there and why he always trys to get his BS politics propaganda posted in other subforums.
I'm the OP....funny enough just finished a three day ban here due to "racist" comment in the Politics thread. Of course no notation by the banner as to what was racist about my comment or what it was.

So I'm in Canada and seen wealth destruction first hand as a number of my assets were on Canadian traded exchanges and we are the laughing stock of the world since the leftist Trudeau government came into power. We literally had our energy minister laughed out of an Energy conference in Houston today despite having the 4th largest reserves of petroleum in the world. Noone wants to invest a penny in Canada now due to our polices. Look at TSX performance relative to the S&P since 2016 for all the proof you need.

So I think it is a reasonable question for someone with a good amount of wealth to worry if the politic changes coming in 2020 will affect them. These are not issues for most leftists to consider as they typically do not have a pot to piss in and are looking for the next hand out. Did you know that at 30K income in the US, you would be in the wealthiest 1% of the world's population? Once these types start talking about distributing their wealth to the rest of the world I will take them seriously. Otherwise keep your dirty paws off my hard earned wealth
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Old 03-13-2019, 10:32 PM   #53
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Re: 2020 Dems - Sell USA?

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lol? The politics forum is nearly pure feelings. That's why it's so AIDS.

No, I was banned from posting there for questioning Wookie's motivations after he questioned mine. He has bad case of Little Hitler syndrome where he gets in an impotent rage when you don't bow to his authority. He even threatened chezlaw - chezlaw! - with a ban if he didn't bow down and agree with him.

I am sorry that reading opinions contrary to your own cause you such grief. Bigotry (meaning: intolerance of those with different opinions) is a nasty character trait. You might want to work on that. Bigoted is no way to go through life, son.

As for what was discussed here, it's an open and shut case that all suggested mitigations so far are a horrible use of resources that will fail to achieve their aims. Every strand of evidence and science and standard cost-benefit analysis gets you there. Lomborg predicted that 18 years ago and took massive heat for it and he was right - despite trillions wasted, emissions have soared even more than the worst predictions. The experiment has been done. We know the results. Lomborg was correct.

As for reaching people, this forum is irrelevant, so you can rest easy and hop down from your moral panic that someone might read arguments you don't like. If I actually cared about that there are 1000 better ways of spreading "right wing propaganda" than a no-traffic forum. And I don't need to or care to - insane bigots like yourself are rapidly alienating the mainstream, so you're doing the work for me and I can sit back and watch the mainstream politics of the world swing right. It's beautiful to watch. "Whom the Gods want to destroy, they first send insane". Literally nothing I say matters in comparison to the other side committing comitragic harikari.

Now got back to the forum where you can express your feelings in a sheltered space and you don't have to read arguments and facts that upset you.
Wow you hit the nail on the head. As per my last comment I'm Canadian and prior to the last couple years or so didn't pay hardly any attention to US politics. Then for whatever reason the "progressives" started going nuts on all manner of things and rest assured I now pay attention and am very concerned at the possible wealth destruction to come. As you state this is exactly why some countries are going hard right (centrist in my opinion) relative to their previous political inclinations.
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Old 03-13-2019, 10:42 PM   #54
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Re: 2020 Dems - Sell USA?

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Wow you hit the nail on the head. As per my last comment I'm Canadian and prior to the last couple years or so didn't pay hardly any attention to US politics. Then for whatever reason the "progressives" started going nuts on all manner of things and rest assured I now pay attention and am very concerned at the possible wealth destruction to come. As you state this is exactly why some countries are going hard right (centrist in my opinion) relative to their previous political inclinations.
Lol so OP basically admits this is a political rant and that's acceptable now in BFI? Shame what this forum could be especially from some of its regulars who know better. Leave your politics at the door when you come here, markets do well under all sorts of regimes/policies. You have no data, it's insane ranting and TS is fueling you on because he has no where else to discuss the same things. Can a mod please lock this thread or move it into the handful of threads this discussion could apply in politics?
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Old 03-13-2019, 10:44 PM   #55
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Re: 2020 Dems - Sell USA?

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I'm the OP....funny enough just finished a three day ban here due to "racist" comment in the Politics thread. Of course no notation by the banner as to what was racist about my comment or what it was.

So I'm in Canada and seen wealth destruction first hand as a number of my assets were on Canadian traded exchanges and we are the laughing stock of the world since the leftist Trudeau government came into power. We literally had our energy minister laughed out of an Energy conference in Houston today despite having the 4th largest reserves of petroleum in the world. Noone wants to invest a penny in Canada now due to our polices. Look at TSX performance relative to the S&P since 2016 for all the proof you need.

So I think it is a reasonable question for someone with a good amount of wealth to worry if the politic changes coming in 2020 will affect them. These are not issues for most leftists to consider as they typically do not have a pot to piss in and are looking for the next hand out. Did you know that at 30K income in the US, you would be in the wealthiest 1% of the world's population? Once these types start talking about distributing their wealth to the rest of the world I will take them seriously. Otherwise keep your dirty paws off my hard earned wealth
Yeah, thankfully racist posting is not permitted either.
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Old 03-13-2019, 10:49 PM   #56
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Re: 2020 Dems - Sell USA?

Max Cut - your posts are full of zero content purely off topic disapprobation. Could you be a more boring person if you tried? I've never used the term "intellectual geriatric" but I'm minting it just for you. Zero content, zero curiosity, just bigotry and disdain.
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Originally Posted by theviolator View Post
So I'm in Canada and seen wealth destruction first hand as a number of my assets were on Canadian traded exchanges and we are the laughing stock of the world since the leftist Trudeau government came into power. We literally had our energy minister laughed out of an Energy conference in Houston today despite having the 4th largest reserves of petroleum in the world. Noone wants to invest a penny in Canada now due to our polices. Look at TSX performance relative to the S&P since 2016 for all the proof you need.
Yeah. It's interesting seeing the mess made in France by these kinds of policies, and the humiliating backtrack the leftists had to do. The French wealth supertax was a spectacular failure that the socialists had to unwind. The American experience wouldn't be any different. And while it's unlikely the more extreme stuff would pass I don't think it's as unlikely as people think. The left has gone full deranged fundamentalist and the history of full deranged fundamentalists getting what they want with a youthful groundswell is disturbingly high.

On a deeper level, left wing ideas are so incredibly destructive to societies and toxic to the poor. If you tell someone that he's in the position he's in because he's being oppressed, absolutely nothing good comes from it. Externalizing a person's locus of control is an evil thing when you combine it with claimed grievances. It's antithetical to the quiet conscientious initiative that leads to personal and community success, for example of the kind enjoyed by Asian immigrant communities, many of whom were way more oppressed by the system than anyone in America today.

Last edited by ToothSayer; 03-13-2019 at 11:01 PM.
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Old 03-13-2019, 10:49 PM   #57
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Re: 2020 Dems - Sell USA?

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Lol so OP basically admits this is a political rant and that's acceptable now in BFI? Shame what this forum could be especially from some of its regulars who know better. Leave your politics at the door when you come here, markets do well under all sorts of regimes/policies. You have no data, it's insane ranting and TS is fueling you on because he has no where else to discuss the same things. Can a mod please lock this thread or move it into the handful of threads this discussion could apply in politics?
Yes or No answers for the following

1. The Dems have floated all of the ideas posted above
2.All of those ideas would have the impact of reducing corporate earnings or investor confidence
3.Earnings impact Earnings per share
4.A lower EPS will mean a lower stock price
5.Lower stock prices typically mean lower multiples creating a double whammy on stock prices

If you answered NO to any of the above please explain your reasoning
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Old 03-13-2019, 10:50 PM   #58
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Re: 2020 Dems - Sell USA?

https://www.bnnbloomberg.ca/we-re-68...2018-1.1189214
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Old 03-13-2019, 10:50 PM   #59
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Re: 2020 Dems - Sell USA?

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Originally Posted by theviolator View Post
Yes or No answers for the following

1. The Dems have floated all of the ideas posted above
2.All of those ideas would have the impact of reducing corporate earnings or investor confidence
3.Earnings impact Earnings per share
4.A lower EPS will mean a lower stock price
5.Lower stock prices typically mean lower multiples creating a double whammy on stock prices
Want me to check your previous posts for following this outline for discussion? Stop playing games dude, we all realize you have nowhere to go and you aren't allowed anywhere else.
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Old 03-13-2019, 10:51 PM   #60
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Re: 2020 Dems - Sell USA?

https://www.thestar.com/business/201...x-in-2017.html

https://www.macleans.ca/economy/mone...-in-the-world/
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Old 03-13-2019, 10:53 PM   #61
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Re: 2020 Dems - Sell USA?

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Want me to check your previous posts for following this outline for discussion? Stop playing games dude, we all realize you have nowhere to go and you aren't allowed anywhere else.
Actually I can post anywhere on this site but am not going to participate in the Politics forum anymore
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Old 03-13-2019, 10:55 PM   #62
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Re: 2020 Dems - Sell USA?

In Canada currently we cannot get any pipeline project completed for a variety of reasons primarily indigenous relations and environmental reasons. Oh look good old AOC playing this card too....

https://climatechangedispatch.com/ao...kota-pipeline/
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Old 03-13-2019, 10:56 PM   #63
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Re: 2020 Dems - Sell USA?

What's 100 billion among friends??

https://www.jwnenergy.com/article/20...ojects-report/

In just two years, under the Justin Trudeau government’s watch, $100 billion worth of energy projects were killed, cancelled or stalled, according to a new report by the C.D. Howe Institute.

That is equivalent to 4.5% of Canada’s gross domestic product.

During this time, investment in the Canadian oil and gas sector fell from $125 billion in 2014 to $75 billion in 2018. This was during a period when global investments in oil and gas increased, especially in the U.S., which had a 50% rise in oil and gas sector investment in 2017.
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Old 03-13-2019, 10:57 PM   #64
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Re: 2020 Dems - Sell USA?

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Actually I can post anywhere on this site but am not going to participate in the Politics forum anymore
That's exactly my point, and why I quoted your post. You are just moving your political discussion from one place to another.
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Old 03-13-2019, 11:03 PM   #65
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Re: 2020 Dems - Sell USA?

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That's exactly my point, and why I quoted your post. You are just moving your political discussion from one place to another.
Oops, I lied just posted there......

May I ask, what is your S&P outlook on earnings 2020 to 2024 if the Dems win?
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Old 03-14-2019, 12:03 AM   #66
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Re: 2020 Dems - Sell USA?

Not good since trump wont leave gracefully. You all might need a wall.
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Old 03-14-2019, 12:48 AM   #67
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Re: 2020 Dems - Sell USA?

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Oops, I lied just posted there......

May I ask, what is your S&P outlook on earnings 2020 to 2024 if the Dems win?
It depends on which Dems win. If itís someone like Biden and the centrists, then itís business as usual. On the other hand if the 70% tax on income and capital gains crowd gets in, it doesnít take a prophet to predict which way the S&P will go.
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Old 03-14-2019, 01:07 AM   #68
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Re: 2020 Dems - Sell USA?

name a candidate proposing a 70% tax on income and capital gains
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Old 03-14-2019, 02:29 AM   #69
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Re: 2020 Dems - Sell USA?

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name a candidate proposing a 70% tax on income and capital gains
The issue is which Dem candidates would veto a 70%... bill. Pretty sure Bernie wouldn't.
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Old 03-14-2019, 04:49 AM   #70
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Re: 2020 Dems - Sell USA?

Can't believe there is a thread in 2019 that quotes Lomborg unironically.
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Old 03-14-2019, 06:39 AM   #71
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Re: 2020 Dems - Sell USA?

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name a candidate proposing a 70% tax on income and capital gains
Warrens plan is worse than 70%
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Old 03-14-2019, 08:51 AM   #72
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Re: 2020 Dems - Sell USA?

No, but good looking out for the vulnerable folks sitting on $50M+
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Old 03-14-2019, 09:55 AM   #73
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Re: 2020 Dems - Sell USA?

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What's even more notable is why US emissions are declining, and the primary reason is because of fracking. Even Obama recognized that fracking is a very good bridge to reducing emissions and fracking expanded in 2014 under his administration.

https://www.washingtonpost.com/news/...=.2c1e16206339

The primary reason is that the waste product of hydraulic fracking is natural gas, and technologies were developed during the Obama era to collect the natural gas rather than just burn it off as was done in the past. This caused the coal market to collapse in the US as it got replaced by natural gas, which obviously burns a lot cleaner than coal.

Now we have more natural gas powered plants and public transportation vehicles because of the fracking boom. Plus, the US is now a net exporter of oil, so now there is less need to depend on the middle east.

Currently, companies like GE are researching systems to extract CO2 from the air and inject that into wells instead of using water. This is still research that is years away from implementation, but it looks promising.

https://phys.org/news/2016-06-scient...technique.html

So if US emissions drop off a cliff once the technology is perfected, and is combined with something like hybrids replacing ICEs, will the environmentalists suffer from cognitive dissonance because it isn't the solution they were expecting?
Natural gas is better than coal, but acting like that makes it environmentally friendly is like saying you are in great shape because you can run a mile faster than John Goodman.

The pushback against fracking also has less to do with the fact that it is used for extracting hydrocarbons and more to do with there being strong evidence that it causes significant water contamination. If the CO2 thing is ever made real obviously that issue gets fixed.

It isn't really practical to extract CO2 from the air because it makes up such a small percentage of it. However, extracting it from plants that create CO2 is a pretty trivial matter. I don't think you would need to do much more more than send the effluent through a membrane. Commercially sold CO2 is obtained this way.

As far as carbon sequestering underground goes, that is also being done at some plants. The concern is that it's unknown whether CO2 will eventually start diffusing out of the ground. If it does, all you have effectively done is kick the can down the road and we wouldn't really know until a few decades later if the problem is really solved. Obviously, That is still a pretty good result, even if CO2 does end up diffusing out.
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Old 03-14-2019, 10:18 AM   #74
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Re: 2020 Dems - Sell USA?

Those of you who are vehemently against the GND...

1) Have you actually read the actual GND proposal?

2) Is there anything in it that you'd agree would be net positive policy?

I'm pretty sure everyone across the political spectrum agrees America's infrastructure is an embarrassment. Wouldn't something like retrofitting all buildings and renovating/modernizing all bridges, roads, and railways nationwide for energy efficiency and proper upkeep pay for itself multiple times over in the form of created jobs and energy cost savings over time?
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Old 03-14-2019, 11:08 AM   #75
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Re: 2020 Dems - Sell USA?

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No, but good looking out for the vulnerable folks sitting on $50M+
Yeah but when all those guys take their ball and leave we are in horrible shape. When David Tepper moved from New Jersey to Florida, New Jersey went into a budget crisis just losing his hefty state contribution. Drive all of those huge contributors away and then what do you have. All of these "stick it to the rich" plans never seem to take into account the Law of Unintended Consequences. See Bill Clintons "Yacht Tax", that will get the 1%ers! All sorts of boat building and maintenance guys were out of work severely impacting small businesses and blue collar type workers more than it effected the rich. They quickly undid it for those consequences after trying to placate the loud but unintelligent who can't think past level one.
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