Wokenomics: ESG bubble may deflate before it bursts

Discussion in 'Economics' started by The_Krakenite, Aug 7, 2022.

  1. I didn't think it was Biden's decision to increase the staff of IRS, but if people were honest they would pay their taxes- the shortfall is appalling -only a traitor would dodge taxes. It's not a badge of honour to defraud your neighbour/family.
     
    #11     Aug 13, 2022

  2. Well shit, that's like half the CEOs & Wall Street...
     
    #12     Aug 13, 2022
  3. albion

    albion

    You are right. Here is how I should have responded initially:

    "Everything you write is false. Shouldn't you be posting in the conspiracy sub-thread?"

    Is that better?
     
    #13     Aug 13, 2022
  4. MKTrader

    MKTrader

    No, because you'd be 100% wrong and dig yourself even deeper into the abyss.
     
    #14     Aug 13, 2022
  5. MKTrader

    MKTrader

    Defrauding? Do you know how long the U.S. existed before we had an income tax? And at what level the income tax wasn't supposed to exceed when introduced? Any idea how much taxes a productive person pays when you consider taxes on Federal, state, city, county, property, gasoline, alcohol, tobacco, firearms and a host of other things? The ones doing the defrauding are the rent-seeking politicians and bureaucrats who live off our taxes and future debt and produce nothing of value.
     
    #15     Aug 13, 2022
  6. MK I have no words, but if you want to change it,become a politician. Only a cesspit dwelling snake evades taxes- which pay for a civilised society. In the UK we try to look after the less fortunate. It's flawed but it's human.
     
    #16     Aug 14, 2022
    piezoe likes this.
  7. Canada.... Oh, we are only temporarily doing this income tax thing to support our needed war-effort... everyone needs to pick sides in this war and join in you know?

    Fast forward to today... Yeah, about that income tax thing. We've jacked it up so that you lose over half your wages, but we can't stop it now. We've got a growing debt problem here that will take generations to pay off...
     
    #17     Aug 14, 2022
  8. piezoe

    piezoe

    Or if our U.S. situation is looked at in another way, i.e., the correct way, there really is no debt. Instead there is a growing, at this point anyway, future obligation to either print more outside money in the form of Bank Reserves or in the form of Treasuries. It's obvious this obligation has practical limits. But the amount of these limits is indeterminable without making specific assumptions about the future. We can know the past with 100% accuracy; but not the future. It seems to me that we should therefore be more careful regarding what we spend money on.
     
    Last edited: Aug 18, 2022
    #18     Aug 18, 2022
    Windlesham1 likes this.
  9. %%
    Speaking of fraud, watch this Harvard Business Review of ESG Flaws.
    147 funds of ESG compared to 2,428 non ESG funds[MARCH 31 2022, by Prof Sanjai Bhagat] '' They found out the ESG funds had worse labor + environmental compliance than the non ESG funds''
    Interesting they attracted more capital + had more poor performance:caution::caution:
     
    #19     Aug 22, 2022
    MKTrader likes this.