chinese don't pay taxes

[joevol320]

i was listening Rush Limbaugh, he played a clip from the msnbc Kudlow show. these investors said that the chinese investors do not pay any capital gains taxes. not short term, long term, or daily trading. they all agreed that the communist chinese treat their companies better than hussein does. they said they would rather invest in the chinese petrol company this year than exxon or mobile. it was really interesting their comments on the chinese government

 

[BigPapaVol]

doesn't account for the political risk in investing in quasi nationalized companies.

 

[droski]

doesn't account for the political risk in investing in quasi nationalized companies.

or the fact that hte govt regurally lies to investors.

 

[VolsNSkinsFan]

for the record Kudlow is on CNBC at 7pm

decent show

 

[BigPapaVol]

or the fact that hte govt regurally lies to investors.

which is a huge part of the risk. Any company that can be nationalized at any moment or sucked dry is a tough investment for a foreigner.

 

[droski]

for the record Kudlow is on CNBC at 7pm

decent show

personally i can't stand the guy. says the same thing every show. that and he is a bull 100% of the time.

 

[BigPapaVol]

personally i can't stand the guy. says the same thing every show. that and he is a bull 100% of the time.

we need more bulls today.

 

[joevol320]

which is a huge part of the risk. Any company that can be nationalized at any moment or sucked dry is a tough investment for a foreigner.

i think the chinese would have done this a long time ago. they're pretty good with wooing investors. i don't think they'll make the mistakes that venezuela is doing. i mean it can't be any worse than what's happening now.

 

[droski]

which is a huge part of the risk. Any company that can be nationalized at any moment or sucked dry is a tough investment for a foreigner.

i worked for an entertainment company trying to build basically a disneyland in china. we came to found out that basic things like population, age, average income, were completely fabricated by the gov't in their official census. i can't bring myself to believe these supposed double digit growth rates either. for these reasons i've never been willing to buy china stocks in any of my clients portfolios.

 

[BigPapaVol]

i think the chinese would have done this a long time ago. they're pretty good with wooing investors. i don't think they'll make the mistakes that venezuela is doing. i mean it can't be any worse than what's happening now.

as long as things are rosy they won't. You need to trust them when things are grim, and I am not about to do that. This looming confrontation over their currency manipulation represents a huge risk to investing there, IMO.

 

[droski]

we need more bulls today.

true, but he has zero credibility anymore.

 

[MontereyVol]

i worked for an entertainment company trying to build basically a disneyland in china. we came to found out that basic things like population, age, average income, were completely fabricated by the gov't in their official census. i can't bring myself to believe these supposed double digit growth rates either. for these reasons i've never been willing to buy china stocks in any of my clients portfolios.

LOL, I was given a tour of that Disneyland. and they said the American company went bankrupt if we would be interested in buying it?

I laughed at my "friendly assistant" who thought a bunch of sailors were rich.

 

[BigPapaVol]

true, but he has zero credibility anymore.

none of them do.

 

[joevol320]

as long as things are rosy they won't. You need to trust them when things are grim, and I am not about to do that. This looming confrontation over their currency manipulation represents a huge risk to investing there, IMO.

i guess that's the advantage of a communist country that has billions and billions of money coming in every year. they can manipulate all kinds of stuff and no one will say anything.

 

[VolsNSkinsFan]

He has Doug Kass on the show every once in a while, I like that guy

 

[volinbham]

I find Kudlow very entertaining.

 

[wbailey7]

In soviet Russia, taxes pay you.

 

[OWB]

i was listening Rush Limbaugh,

Stopped reading after this.

 

[doozer]

Stopped reading after this.

ditto.

 

[gsvol]

About the Disneyworld aspect, a couple of songwriter friends of mine were offered the positions of playing Wild Bill Hickock and Annnie Oaklie at the French Disneyworld a few years ago and thought of taking it and then when they got tired of it, getting themselves fired, (I assure you they are capable of getting fired) but the kicker is, under French socialist law, if you are hired, then the company has to pay you for five years, no matter what.

Bottom line was they didn't want to spend another three months or so in France and they didn't need the money anyway.