MET - Metlifecare - one for the fundies?

[Baa_Baa]

If you are a trader, you pay tax on 33% of any gains (sell price less buy price).

Yes correct, tax on the gains. Poorly worded on my part. Another lesson on reading ones posts before posting. Still, there are folks posing as investors when really they are traders and do need to keep in mind that their returns are net of buy/sell fees and tax.

Thanks for the correction.

[dabsman]

Grant Robertson has already stated that in time, which means 2021 budget (if Labour is still in power), the government will be looking at how the country will reduce the debts piled up to counter the economic impact of the virus.

It is the right thing to do - focus on cushioning the economy first but I expect true to form, Labour will use the opportunity to 'sock' it to the rich:

- increase in marginal income tax to 39% & 45% (transitionary & temporary .. Tui one this morning),

- wealth tax on property,

- increase in GST (temporary of course ...pass the Tui...) to 20%,

- more levies on petrol, road charges, surcharges on utilities,

- levy on financial transactions,

and Cindy will be flying the kite with CGT (because the public demands it ... pass the third Tui).

As long as the subsidy for care & rest-homes is increased and national super is adjusted for the above, MET will be fine however.

If the country is dumb enough to vote these muppets back in then I will move my plans to become non-resident a few years earlier! Bali would be nice now thou...

[thedrunkfish]

If the country is dumb enough to vote these muppets back in then I will move my plans to become non-resident a few years earlier! Bali would be nice now thou...

I would start packing then.

[Cyclical]

If the country is dumb enough to vote these muppets back in then I will move my plans to become non-resident a few years earlier! Bali would be nice now thou...

I would start packing then.

Yep, the only chance of it being any other way is if there is a major uncontrollable outbreak once restrictions are lifted/eased and there is much death and suffering and the economy really goes to the dogs and unemployment surges to 20%+ and National find a great leader and they suddenly decide that they can work with Winnie who surges in popularity off the back of making the most from Labour's mistakes (he'll be looking for them as we speak)... Not impossible, but there are a few stars that need to be aligned. Have fun in Bali.

[dobby41]

If the country is dumb enough to vote these muppets back in then I will move my plans to become non-resident a few years earlier! Bali would be nice now thou...

Bye then .

[youngatheart]

If the country is dumb enough to vote these muppets back in then I will move my plans to become non-resident a few years earlier! Bali would be nice now thou...

Byeeee!!! Fair weather friend. There are people who will lose their jobs, homes and mental wellbeing and your more concerned about going from being rich to moderately well off. FFS.

[Balance]

Byeeee!!! Fair weather friend. There are people who will lose their jobs, homes and mental wellbeing and your more concerned about going from being rich to moderately well off. FFS.

Back up the horses, youngatheart.

I don't think dabsman is concerned about going from rich to moderately off - he is concerned with the political agenda of this 'all care & no responsibility & no clue' government.

The answer to NZ getting out of this mess is by everyone working together.

Which is NOT what this government is doing.

It is pursuing a socialist agenda of punishing the wealth creators, the risk takers, the hard workers and the savers - proof being the numerous measures they have taken against farmers, property owners and now, the lop-sided $10 billion wage subsidy which is simply a bandaid. If businesses do not survive, what's the point of keeping employees on life-support?

Think about it.

[winner69]

Don’t think Overseas Investment Office approved yet (might be wrong)

Be hilarious if they kibosh the deal

[youngatheart]

Back up the horses, youngatheart.

I don't think dabsman is concerned about going from rich to moderately off - he is concerned with the political agenda of this 'all care & no responsibility & no clue' government.

The answer to NZ getting out of this mess is by everyone working together.

Which is NOT what this government is doing.

It is pursuing a socialist agenda of punishing the wealth creators, the risk takers, the hard workers and the savers - proof being the numerous measures they have taken against farmers, property owners and now, the lop-sided $10 billion wage subsidy which is simply a bandaid. If businesses do not survive, what's the point of keeping employees on life-support?

Think about it.

Re:the GFC experience, throwing $s at business didn't work out well for the fewer jobs and low paid work that followed now did it... The profits were there but the workers who helped create it didn't see much of it...

[youngatheart]

Anyhow, back to MET. What's happening to the SP?