🚀 go-pugleaf

In article <D7z80z.K4B@freenet.niagara.com>, msteele@freenet.niagara.com
(Mike Steele) wrote:

>
>        Big business sure as hell pays tax!  In any corporation, the 
>owners (shareholders) are taxed TWICE!  Once on the company's profits - 
>thereby bringing down their dividends, and a second time (of usually 25%) 
>on the dividends themselves!
>
>        Everyone is this bleeding country raised a stink when they heard 
>that Royal Bank earned in excess of $1.06B this year.  That is shit for 
>them!  The have over $4B in current assets around the world, giving them a 
>1:4 return on investment (current profits : current assets)....  In order
for a 
>company to stay solvent, they should at least have a 2:1 R.O.I., nothing more,
>nothing less.  If they don't make at least twice the amount of their assets,
>something's wrong with the way to do business.  If they make more, then they 
>aren't re-investing their profits wisely.  Therefore, relatively speaking, 
>Royal Bank had a terrible fiscal year!

Excuse me? That's profits you're talking about, not revenues! Damn it, I would
very much like to get a 25 % profit on my investments, even before taxes!

-- 
-> "I am a seeker of truth, though I do not know what truth is.
->  I suspect there are many truths, and therefore do not trust
->  anyone who claims his is the only one." 
->  Louis L'Amour
->
-> "I come from downtown,
->  Born ready for you,
->  Armed with will and determination,
->  And grace, too"
->  The Tragically Hip
-> 
-> Dmitry Nekrasovski    
->
-> sdecont2@bnr.ca