$60b wiped off market (6 Viewers)

[zombie omie jay]

yes

 

[funkshen]

how about them bendigo bank stocks garygaz

 

[Garygaz]

i dunno about bendigo in particular but the banks at these prices (and if you were lucky enough to grab some when the market was down the other day) are yielding up and around 8-9%. Telstra yielding 10% with essentially guaranteed dividend for 10 years. if you had money to invest you'd be laughing. dividend+cap growth over a few years could easily be 20-30% a year.

 

[Blastus]

mfw you're too fucking retarded to say anything but WOW. telstra picking up 500,000 new mobile customers last year, securing massive payments over the next ten years for its copper lines and investing heavily into data storage in anticipation for cloud.

yeah cause all this would have happened if it was government owned.

get your head out of aussiepensionerinvestors.com

I am agreeing with you that having a state enforced monopoly that then puts you in a position that evolves into a natural monopoly because you're a blessed corporation tends to create profits

hahaaahhahahahaahhahaa fuck me dead dude fucking hell

telstra trolling australia's telecommunications because we have this ridiculous idea that it should be centrally controlled good idea bro

I don't even what you are saying son

 

[Blastus]

if you seriously advocate in any way that a public company purely driven for profits and at the mercy of its shareholders would operate anywhere near the same levels as a government owned entity you are miles down idiot creek

yes they'd have to put out the money fire or someone would die

please continue your intro to economics degree until you get to semester two thanks mate

 

[Blastus]

maybe it looks slightly backwards and rushed, but the point is private/public owned corporations>gov enterprises

shit dude no one here will agree with you

they'll just take issue with the gov setting up a monopoly and then letting them loose when they are in a position that you can't compete with on their terms

fucking hell wow wow wow

 

[abbeyroad]

maybe it looks slightly backwards and rushed, but the point is private/public owned corporations>gov enterprises

wait what so you're singing the praise of private corporations because they are more efficient than SOEs yet you continue to support the existence of the state which is essentially a humongous monopoly in the areas of defense, health care and education etc etc hahahahaha wut incoherent much.

p.s. stop linking chinese owned corporations, it's china. the most backwards country in the world. i don't think our government would make your family disappear overnight for professional negligence.

hahahahahahahaha yeah nice red herring you boon where the data comes from is irrelevant your assertions had been thoroughly refuted.

"lulz but i wuntz accpt ur data becuz CHINA111!!!1!!! da most backwarz contry in worlzs!!1!!!!!"

jesus fucking christ it's like arguing with a fucking twat with his fingers in his ears

 

[Chemical Ali]

Hey guys, guys, listen. What if we got the taxpayers to fund the setup of a company and enforced a total monopoly on a service everyone needs so no one else could use the infrastructure we paid for, got it? Right, then what we could do is, listen, what we could do is sell the corporation to our mates (because "private ownership is better" and not because we're looking out for our mates ok). But then we could let them choose whether they still want to be a monopoly or not (don't like bigpond internet being a ripoff? too bad we've chosen not to allow competition on your particular line) right.

Then when the government tries to build some new public infrastructure that doesn't benefit our mates, we could run a fear campaign against it. Everyone wins.

 

[Blastus]

Ali's got it

 

[Blastus]

Though the NBN is fucking retarded as well but whatever

 

[cosmo kramer]

fast rural porno network

 

[Garygaz]

telstra ran a fear campaign against the nbn? that's news to me.

okay let me go back to square one. i'm not sure where this arguement got too, but it was originally about tax and now has moved onto having gov owned monopolies in markets to fund public spending?

hate to keep bringing up the same points but do you guys even remember how shit telstra was when it was government owned? horrible call out times on technicians, call centres jammed, super high pricing and all around poor service. this is what happens when you have a government controlled monopoly. no incentive to improve, no incentive to innovate. since then? just look at their financial reports today, no wonder the stock has shot up >4% even though the market is down. the australian public is better off now with internet/telecommunications choices then they were in telstras monopoly gov. enterprise days.

and re the stats on china, it is a socialist country, where they don't have elections, free speech is curtailed, the internet is censored, trials are held behind closed doors.

even so:



look at the ROA on those companies. if you're wanting to live in a world without tax, enjoy sacrificing efficient industry.

 

[zombie omie jay]

telstra ran a fear campaign against the nbn? that's news to me.

okay let me go back to square one. i'm not sure where this arguement got too, but it was originally about tax and now has moved onto having gov owned monopolies in markets to fund public spending?

hate to keep bringing up the same points but do you guys even remember how shit telstra was when it was government owned? horrible call out times on technicians, call centres jammed, super high pricing and all around poor service. this is what happens when you have a government controlled monopoly. no incentive to improve, no incentive to innovate. since then? just look at their financial reports today, no wonder the stock has shot up >4% even though the market is down. the australian public is better off now with internet/telecommunications choices then they were in telstras monopoly gov. enterprise days.

and re the stats on china, it is a socialist country, where they don't have elections, free speech is curtailed, the internet is censored, trials are held behind closed doors.

even so:



look at the ROA on those companies. if you're wanting to live in a world without tax, enjoy sacrificing efficient industry.

lol i dunno if you are trolling or down syndrome anymore

 

[zombie omie jay]

its like you are saying that no tax = more government owned entities?

 

[zombie omie jay]

"do you guys even remember how shit telstra was when it was government owned? horrible call out times on technicians, call centres jammed, super high pricing and all around poor service. this is what happens when you have a government controlled monopoly. no incentive to improve, no incentive to innovate. since then? just look at their financial reports today, no wonder the stock has shot up >4% even though the market is down. the australian public is better off now with internet/telecommunications choices then they were in telstras monopoly gov. enterprise days."


then you say

"if you're wanting to live in a world without tax, enjoy sacrificing efficient industry."


lol stop it you cunt

 

[Garygaz]

FUUUUAAARRRKK

listen carefully. i said it was horrible when telstra and corporations are owned in gov monopolies or by gov's in general. governments should tax corporations on profit and not delve into ownership. this tax should be used for basic public expenditure. i'm saying ITS GOOD that companies like telstra were sold off. i think the current system of tax is essentially fine as is.

 

[Garygaz]

"do you guys even remember how shit telstra was when it was government owned? horrible call out times on technicians, call centres jammed, super high pricing and all around poor service. this is what happens when you have a government controlled monopoly. no incentive to improve, no incentive to innovate. since then? just look at their financial reports today, no wonder the stock has shot up >4% even though the market is down. the australian public is better off now with internet/telecommunications choices then they were in telstras monopoly gov. enterprise days."

then you say

"if you're wanting to live in a world without tax, enjoy sacrificing efficient industry."


lol stop it you cunt

my correlation between those two points was to someone else who said that governments should own monopolistic industries to fund public expenditure as opposed to taxing profits. those two points are complementary; one on the improvement of a company as it was privatized, the second saying that the alternative of having the same company being gov. owned to fund private expenditure would result in massive inefficiencies.

 

[Blastus]

hahahahahahahah jesus christ dude take your pills so the ghosts stop screaming at you

 

[Garygaz]

what is even your alternative

 

[Garygaz]

i can't even fucking remember who is arguing what anymore