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.

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

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?

Yeah, thankfully racist posting is not permitted either.

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.
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.

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

https://www.bnnbloomberg.ca/we-re-68...2018-1.1189214

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.

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

https://www.macleans.ca/economy/mone...-in-the-world/

Actually I can post anywhere on this site but am not going to participate in the Politics forum anymore

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/

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.

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?

Not good since trump wont leave gracefully. You all might need a wall.

It depends on which Dems win. If it’s someone like Biden and the centrists, then it’s business as usual. On the other hand if the 70% tax on income and capital gains crowd gets in, it doesn’t take a prophet to predict which way the S&P will go.

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.

Can't believe there is a thread in 2019 that quotes Lomborg unironically.

Warrens plan is worse than 70%

No, but good looking out for the vulnerable folks sitting on $50M+

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.

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?

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.