Date: Thursday, March 31, 2022
Time: 7:30pm, Pacific Time
Duration: Projected 60 minutes.
Where: Zoom (Registration)
Frequently Asked Questions:
Q: What are you doing?
A: Quarter-end results and discussion of “the turn”. There should be a few minutes left for Q&A, so please feel free to ask them on the zoom registration if any.
Q: What’s this “the turn” you’ve been talking about in your last few posts?
A: How the financial, political and economic rulebook that has prevailed over the past 40 or so years is very rapidly changing.
Q: How do I register?
A: Zoom link is here. I’ll need your city/province or state and country, and if you have any questions in advance just add it to the “Questions and Comments” part of the form. You’ll instantly receive the login to the Zoom channel.
Q: Are you trying to spam me, try to sell me garbage, etc. if I register?
A: If you register for this, I will not harvest your email or send you any solicitations. Also I am not using this to pump and dump any securities to you, although I will certainly offer opinions on what I see.
Q: Why do I have to register? I just want to be anonymous.
A: I’m curious who you are as well.
Q: If I register and don’t show up, will you be mad at me?
A: No.
Q: Will you (Sacha) be on video (i.e. this isn’t just an audio-only stream)?
A: Yes. You’ll get to see me, but the majority will be on “screen share” mode with MS-Word / Browser / PDFs as I explain what’s going on in my mind as I present.
Q: Will I need to be on video?
A: I’d prefer it, and you are more than welcome to be in your pajamas.
Q: Can I be a silent participant?
A: Yes.
Q: Is there an archive of the video I can watch later if I can’t make it?
A: No.
Q: Will there be a summary of the video?
A: A short summary will get added to the comments of this posting after the video.
Q: Will there be some other video presentation in the future?
A: Most likely, yes.
24 people registered and almost all showed up… a record.
Portfolio overview:
Observations
“The Turn”
Q&A
Feds did not decide to raise the GST, much to my surprise. Not that they would ever hold the line on spending, but if they did that and mildly jacked up corporate taxes, the budget would be pretty close to balanced.
My politics have increasingly moved left as I have gotten older, however perhaps surprisingly I view corporate taxes as largely a failure to tax individuals appropriately. The latter is where taxes ought to be progressive and sufficient (and probably based on wealth, not income) to allow corporate taxes to be minimized, even to zero. Until beneficial owner registries are robust (and international), this is a pipe dream but taxing job creators makes little sense.
Not going to get wealth taxation unless if capital controls at the border are imposed, and that would involve more ‘eye of sauron’ activity. You could be sure a wealth tax would collapse the NFT market!
“You could be sure a wealth tax would collapse the NFT market!”
Yep, and a lot of other nonsense too.