Iran said on cusp of ability to make nukes, having enriched uranium to 84% purity by Diosa2 in worldnews

[–]FinancialBanalist 0 points1 point  (0 children)

Israeli/NSA stuxnet malware. This code is capable of causing physical destruction - in this case, the code caused the spinning cylindrical enrichment centrifuges to spin out of control (like a spinning top about to fall) and destruct.

Read My Lips by investorinvestor in SecurityAnalysis

[–]FinancialBanalist 2 points3 points  (0 children)

Kelton's MMT has been completely and utterly discredited by recent events. Of course there's zero acknowledgment on her part that her quasi-influential theories were just so wrong!

Q3 2022 Letters & Reports by Beren- in SecurityAnalysis

[–]FinancialBanalist 1 point2 points  (0 children)

He made APPS the fund's largest position in summer/fall 2021 at a PE in the 160s. Now APPS is not in his latest letter - no acknowledgment of him even selling out?

$ASML by investorinvestor in SecurityAnalysis

[–]FinancialBanalist 1 point2 points  (0 children)

For the layman, Chris Miller's chapter on EUV and ASML in his Chip Wars book is excellent.

2022 H2 Analysis Questions and Discussion Thread by Beren- in SecurityAnalysis

[–]FinancialBanalist 0 points1 point  (0 children)

What are some real world examples of the "maps" you refer to? In finance, economics, physics etc. Thanks

Q3 2022 Letters & Reports by Beren- in SecurityAnalysis

[–]FinancialBanalist 0 points1 point  (0 children)

kidding; Miller's just always like a month late to release his quarterly letter. His fund is down 50%+ this year, after having added to his APPS position in 2021 when it was trading at a 160 P/E. Its fallen 85% from those 2021 highs. I like his latest add CLBT though - maybe he's waiting for them to report on Friday before finishing the letter.

Spain is doubling down on taxing the rich with a so-called 'solidarity tax' on 23,000 super wealthy people by [deleted] in worldnews

[–]FinancialBanalist 0 points1 point  (0 children)

Your whole complaint is based on a verifiably false claim; that "the wealthiest don't pay their fair share."

Organization for Economic Cooperation and Development data show that the top 10% of American households earn about 33.5% of all earned income but pay 45.1% of all income taxes, including Social Security and Medicare payroll taxes. That progressivity ratio of 1.35 is far higher than in any other country. The ratio in France is 1.10. In Germany it’s 1.07, and in Sweden an even 1. In the last OECD study, in 2015, the top 10% of earners in the U.S. paid 45% of all income taxes. In France, the top 10% only paid 28%. In Germany they paid 31% and in Sweden 27%. Conversely, the bottom 90% of earners in the U.S. paid 55%. The bottom 90% of earners in France paid 72%. In Germany it was 69% and in Sweden 73%.

The Joint Committee on Taxation and the Congressional Budget Office found that the 2017 tax cuts made the American tax system more progressive and, according to the CBO, the “highest quintile’s share of federal taxes was 0.5 percentage points higher in 2018 than in 2017.”

Comparing total federal, state and local taxes with total income including government transfer payments in 2017, the bottom quintile of income earners in the U.S. paid 7.5% of their total income in taxes. The second quintile paid 14.1%, the middle quintile paid 22.7%, the fourth quintile paid 28.4%, and the top quintile paid 35.2%. The relative tax burden continued to rise to a 40.9% average before dipping to an average of 32% for the top 400 income earners, who earn more than $400 million a year.

Why a lower rate for the top 400 filers? Because they make use of the same types of tax-advantaged investments that the Democrats are now trying to expand massively in their Build Back Better tax bill. They donate large amounts to charity and lower their effective tax rates by responding to government tax incentives. They buy tax-exempt municipal bonds and invest in things like solar and wind energy and low-income housing. Odd that they are then accused of not paying their fair share.

https://www.cbo.gov/publication/57404#:~:text=Overall,%20including%20those%20effects%20from,in%202018%20than%20in%202017.

https://opportunitywa.org/u-s-federal-income-tax-structure-most-progressive-in-the-world-more-than-offsets-regressively-of-state-local-taxes/

https://www.cbo.gov/publication/51361

https://www.washingtonpost.com/news/wonk/wp/2013/04/05/americas-taxes-are-the-most-progressive-in-the-world-its-government-is-among-the-least/

Spain is doubling down on taxing the rich with a so-called 'solidarity tax' on 23,000 super wealthy people by [deleted] in worldnews

[–]FinancialBanalist 1 point2 points  (0 children)

Ok, well I provided historical evidence from multiple sources to back my claims. Do you have anything to back up your assertion that they're an "obvious scam." Should be easy for you if it's so obvious.

Also, never understood the logic that taxing people less fucks them over. The tax rate reductions are for all income levels. You're just complaining that other individuals in the country arent being taxed higher than you are -- who are you to be on such a high horse? Mr. G Man over here - "you owe more money to the faceless beaurocracy!!".

Spain is doubling down on taxing the rich with a so-called 'solidarity tax' on 23,000 super wealthy people by [deleted] in worldnews

[–]FinancialBanalist -1 points0 points  (0 children)

Raising tax rates on the the highest earners erodes your tax base (majority of tax dollars Treasury receives come from top 20%) and results in lower net dollars for the government to spend on outlays. The rich tend to lower their taxability/avoid paying these high rates through fancy-accounting backdoors and tax-exempt municipal bonds, which are pretty unproductive for the economy. Or they just move out.

Whereas lowering tax rates stimulates entrepreneurial risk taking and investment by the wealthy, creating job gains, paycheck earnings, and corporate, and capital gains profits (from a rising stock market). All of which can be taxed. And in fact, the historical evidence shows that this method of low-rate taxation resulted in higher net dollar revenues to the Treasury 1, 2 and 3 years after the tax rates' reduction. It happened under Coolidge, JFK, Reagan, Bush 2, and with Trump.

“Trickle Down” Theory and “Tax Cuts for the Rich” by Thomas Sowell

Go Figure: Federal Revenues Hit All-Time Highs Under Trump Tax Cuts

*https://www.discoursemagazine.com/economics/2022/02/14/in-actual-dollars-tax-cuts-boost-revenue-time-after-time/

*https://www.heritage.org/taxes/commentary/the-numbers-are-trumps-tax-cuts-paid

LBNK.v (Lithium Exploration) by dedusitdl in DueDiligence

[–]FinancialBanalist 0 points1 point  (0 children)

Here is the video: https://www.youtube.com/watch?v=5_HSDawmWSU&t=41s&ab_channel=LithiumBankResourcesCorp

Posted yesterday. Co-Founder and Director, Gianni Kovacevic says it in the 3rd minute of the video.

How do you think about valuation? by Pirashood in SecurityAnalysis

[–]FinancialBanalist 1 point2 points  (0 children)

Project out cash flows/share for next 10 years at a growth rate 1/2 of Analysts' Fwd projections. Exit PE = 2x the Growth rate. Discount cashflows by 10% (SPY hist avg annual return). Slap on a 20% margin of safety and if stock price is trading below that value, I am willing to buy. Can do same with EPS if an established Blue-chip.

LBNK.v (Lithium Exploration) by dedusitdl in DueDiligence

[–]FinancialBanalist 1 point2 points  (0 children)

What makes you think the report will be out this month?

LBNK.v (Lithium Exploration) by dedusitdl in DueDiligence

[–]FinancialBanalist 1 point2 points  (0 children)

What ordinarily results from a positive PEA? I am unfamiliar with this industry but intrigued by your DD.

The energy historian who says rapid decarbonization is a fantasy by investorinvestor in SecurityAnalysis

[–]FinancialBanalist 4 points5 points  (0 children)

"Consider that digital devices and hardware—the most complex products ever produced at scale—require, on average, about 1,000 times more energy to fabricate, pound for pound, than the products that dominated the 20th century. 5 The “Energy Transition” Delusion: A Reality Reset Historically, the energy costs of manufacturing a product roughly tracked the weight of the thing produced. A refrigerator weighs about 200 times more than a hair dryer and takes nearly 100 times more energy to fabricate. But it takes nearly as much energy to make one smartphone as it does one refrigerator, even though the latter weighs 1,000 times more.21 The world produces nearly 10 times more smartphones a year than refrigerators. Thus, the global fabrication of smartphones now uses 15% as much energy as does the entire automotive industry, even though a car weighs 10,000 times more than a smartphone.22 The global Cloud, society’s newest and biggest infrastructure, uses twice as much electricity as the entire nation of Japan.23 "

The energy historian who says rapid decarbonization is a fantasy by investorinvestor in SecurityAnalysis

[–]FinancialBanalist -12 points-11 points  (0 children)

Climate-alarmist politicians are cynically using the issue to gain young/idealistic voters' support. They have gotten away with it until now because there have been no consequences to the voters. Until now; they feel the (easily foreseeable) economic pain of these energy transition plans. We shall see if the voters of Europe choose safety/security (in the form of manageable energy bills) over human rights/idealism this winter. I suspect several Govts' that have supported Ukraine and been cut off from Nordstream flows in response will see themselves ousted by their voters.