I'm a supporter, this is not a dig at Elon Musk etc, nor a disbelief in these companies. But from a pure investing side, these valuations seem out of space.
Space X has some lofty valuations. Perhaps it will be treated like Bitcoin, priced differently to the value it offers, but everyone just agrees to hold it as a store of wealth.
The centre and left need to get over this obsession with envy taxing others and start focussing on productivity gains that will lift everyone in the country.
Train wreck interview for Qiulae Wong and the Opportunities Party as they declare war on pensioners — punishing lifetime savers and those who are “asset-rich, cash-poor”.
Wong effectively tells them: Downsize the family home you’ve scrimped and sacrificed for your whole life (essentially forced displacement), or defer the tax and rob your children’s inheritance by hundreds of thousands of dollars.
Wong then doubles down, arguing that those whose properties have risen by a million dollars or more should be taxed on those gains — seemingly blind to the fact these are mostly unrealised paper gains that have already driven up their rates.
In reality, this policy could pressure thousands, if not tens of thousands of pensioners into selling their family home.
Every dollar paid in Land Value Tax (or deferred) is money taken from healthcare, daily living costs, or gifts to the grandkids.
The Opportunities Party is sacrificing pensioners for their housing redistribution experiment.
Let's be real: Chris Hipkins should not be able to use taxpayer-funded schemes to pay off his holiday home, while proposing a tax on your holiday home.
Sounds less like Hipkins, more like "hypocrite".
Dear Politicians,
We don't want migrants that want to stab us.
We don't want to fund migrants either.
It's really not that hard.
Sort it out.
Taxpayers and citizens.
BREAKING NEWS: Australia's public broadcaster ABC News just accused @elonmusk of ''inciting racial tension'' in Belfast because he did not censor footage showing a Sudanese refugee attempting to behead someone.
They're angrier at Elon than at the stabber.
Chris Hipkins announced Labour’s latest cost of living policy - a $20 per week cap on public transport fares in the big centres. $10 outside the main centres. They estimate it will cost taxpayers $65 million/y and save commuters around $25/week.
https://t.co/nL4NIsywXM
Her name is Luana Zaratti, an Italian bus ticket inspector.
She was 26 when, during one of her shifts, she asked an illegal Egyptian immigrant for his ticket.
He had none. His answer was a violent headbutt straight to her face, so hard it shattered her nasal septum and caused severe head trauma.
Luana collapsed to the ground, blood pouring from her nose.
That single blow destroyed her life.
It left her with permanent brain damage and lifelong disability.
Years bedridden, almost vegetative.
But her willpower pulled her back to a shadow of the life she once had.
The attacker was sentenced to just 14 months in prison, but he never served a single day. He disappeared.
Luana, declared unfit to work, now survives on less than €1,000 a month.
This is farcical.
True to form, Labour has once again demonstrated staggering incompetence by announcing a $65 million public transport fare cap without any modelling on how many passengers will actually take enough trips to exceed it.
Transport spokesperson Tangi Utikere was asked a straightforward question.
“What proportion of commuters will take enough trips to exceed the cap?”
Utikere: I think a number will… it’s unknown at this stage”
Unbelievably, there is zero modelling on this critical detail.
Typical Labour incompetence. Announce the giveaway, skip the basics.
Breaking - National announces it's new list
0 - Chris Hipkins
1 - Christopher Luxon
2 - Nicola Willis...
Hipkins is referred to as 'Minister Zero' and is the Minister of National's reelection.