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LukeJ

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Posts posted by LukeJ

  1. 1 hour ago, Dakota Slim said:

    Weren't gas taxes supposed to be used to maintain and improve roads?  
    I think the people from Alaska get a royalty check from oil produced in that state. 

    How's that going?  Should 'we' tax gas more?  How about diesel?  Pass it along to the consumer?

    Yes, the people of Alaska get a check for $1606.  Alaska is a special place.

    Have you ever lived in Alaska?

  2. 41 minutes ago, nugget108 said:

    The highest i could find for 2019 net income for the mining industry was $82 billion dollars for ALL mineable minerals in the US. 2019 net for the oil industry was $330 billion dollars. So out of that $82 billion dollars, add a royalty of whatever percentage you think is fair for a "LAND OWNER". 

    1% is 820 million that could be used to prop up the infrastructure that mining companies use to do business.  Roads, bridges, highways....etc.  I just made up a number.  It could even be less than 1% and still be very significant.

    It's 'funny' the different perspectives displayed here.  I never once thought I would somehow get a 'royalty' check in the mail.  It seems obvious to me, since I don't want my personal income taxes raised to eventually pay for all the things that are now overdue for repairs.  The money has to come from somewhere.  What do you guys think about toll roads? :4chsmu1:

  3. I think :idea: your spell check edited a couple words.  I changed it back so it makes more sense now.

    30 minutes ago, Au Seeker said:

    This topic needs to get back on topic, Biden's son's laptop has nothing to do with mining royalties that the democrats want!!

    Slim, you are starting to post political campaigning again, needs to stop!!

    :)

  4. 1 hour ago, Dakota Slim said:

     

     

    One America News Network (OANN), also known as One America News (OAN), is a far-right,[13] pro-Donald Trump[21] cable channel founded by Robert Herring Sr. and owned by Herring Networks, Inc., launched on July 4, 2013.[26] The network is headquartered in San Diego, California, and operates news bureaus in Washington, D.C. and New York City.

    Its prime time political talk shows have a conservative perspective, and the channel has described itself as one of the "greatest supporters" of President Donald Trump.[27] Trump himself has promoted the network.[3][28][29]

    The channel is prominent for promoting falsehoods and conspiracy theories.[36]

     

     

  5. 2 hours ago, Old Tom said:

    One  thing that my father taught me when I was growing up working in his business.  He said "Corporations don't pay taxes, people pay taxes".  No matter what tax is rendered on a business or corporation it will eventually be filtered on down to the consumer in one form or another.  A business must stay above the bottom line if it wants to stay in business.  If a tax is levied on a hamburger joint the cost of your burger goes up.  There are many ways that a corporation can redirect that tax where it winds up in the consumers lap. 

       Old Tom

    No doubt your father was wise.  Sounds just like something my Grandfather would say.

    The thing is, this only applies to consumers.  If I don't consume 'your' product, then I shouldn't have to pay to subsidize 'your' company.  Unless 'you' think socialism is a good idea. (which I'm sure you do not)  If if true capitalism is the best way, then companies should sink or swim on their own merits.

    • Like 1
  6. 2 hours ago, Dakota Slim said:

    Speaking of dark secrets, hiding and alcohol, what's the story on the newly discovered Biden emails that Trump is talking about? He said that Twitter suspended his account for posting a New York Post story.
    https://nypost.com/2020/10/17/joe-bidens-polling-lead-slips-in-wake-of-post-report-on-hunter/

    The IBD/TIPP national tracking poll, released Saturday, puts Biden at 50 percent in the head-to-head matchup, with Trump at 43 percent. The 7-point advantage is well outside the survey’s 3 percent margin of error.

     

    I suspect that the 'newly discovered' emails are not genuine.  You know, fake news.  Besides, even if they are 100% accurate, Hunter Biden is not running for president.

    Any of you guys have adult 'children'?  Are you to be held responsible for everything they do in life?  Should you be held back in your professional career because of alleged mistakes made by your offspring?

    I have to laugh anytime this sort of thing is brought up.  I mean really, if this is the most damning thing....   :laught16:

    It will be interesting to see if there's still time for another flip or flop by The Donald.  About the mining thing.

    Meanwhile....

    https://www.forbes.com/sites/tommybeer/2020/09/22/ivankas-trademark-requests-were-fast-tracked-in-china-after-trump-was-elected/#60dc49831d60

    https://www.vanityfair.com/style/2020/10/rudy-giulianis-daughter-on-voting-for-biden

  7. Good thing you got out of there with only a few stings.

    Last time I was out detecting with Andy, we had a swarm fly over us.  I heard it and realized and started to run, but thankfully they were just 'flying over' and gone in a few seconds.  :th_panic:

    • Like 1
  8. I'd say you are pushing the limits of depth on a target that size.  But then there's the '+40%' factor of the GPZ, so it's tough to say.

    Excellent finds regardless.  It's awesome to dig a deep hole that has gold at the bottom.  :Diggin_a_hole:

    Congrats !!  :thumbsupanim

    • Thanks 1
  9. 22 minutes ago, Dakota Slim said:

    Luke. There will ALWAYS be a 1%. I'm not in it and I'm comfortable with the fact that it's none of my business. Are all nuggets the same size or worth the same?
    As for middle class and lower tax payers... I won't touch that here. Do some research!

    I never said there wouldn't be a 1%.  It's also mathematically impossible for there not to be.

    Is it none of your business?  It seems like you have so much to say about everything else.

    I find it astonishing that 'people' repeat their programmed responses over and over again, even when there are other possible alternatives.

  10. http://nbr.com/2019/12/16/these-91-companies-paid-no-federal-taxes-in-2018/

    I mean take a look at this list.  How much tax revenue could be generated by imposing a minimal tax rate?

    Are these companies doing us such a huge favor by supplying jobs that it's up to the worker/tax payer to prop up the system so they can do us the favor?

    I think anyone who makes 15 million a year would do just fine with 14 million a year.  Wealthy people could still be rich compared to the rest of us.

    We don't have to confiscate the wealth in order to make things more equitable.

    People could still hang on to their conservative/liberal beliefs while reaching a compromise.

    Sorry for daydreaming, but I don't see why any of this isn't possible.

    • Like 1
  11. You know Slim?  I really don't disagree with you.  Middle class and lower tax payers shouldn't have their taxes raised and they should be lowered.

    One possible way to do this would be to make companies pay their fair share for the right to do business in America.

    In no other country can you have the business opportunities that can be had here.  But it should be pay to play and not use and exploit.

    There's got to be a middle ground where the 1% would make slightly less and leave more for the rest of us.  And no, I'm not suggesting socialism.

    • Like 2
  12. 54 minutes ago, Dakota Slim said:

    Wouldn't it be great if revenue was profit? 
    I didn't read all the gory details. Did the dems indicate what they would spend their proposed royalty on?  

    I get your point, that's why I used a low ball number for the tax rate.

    Based on the numbers provided yesterday which amounted to a 39.5% profit margin I can adjust my example accordingly.

    6.4 Billion profit taxed at 2.6% is 164 million.

    The tax rate doesn't have to be huge for the result to be a substantial amount of money.

     

     

     

     

     

     

  13. https://ktar.com/story/2080673/freeport-mcmoran-boss-was-top-paid-ceo-in-arizona-in-2017/#:~:text=PHOENIX — The head of a,company Freeport-McMoRan in 2017.

    PHOENIX — The head of a Phoenix-based Fortune 500 company was the top-paid CEO in Arizona in 2017, according to an Associated Press analysis.

    Richard C. Adkerson was paid $16.2 million to run energy company Freeport-McMoRan in 2017.

    Freeport-McMoRan has been in the Fortune 500 for 13 years and has more than 25,000 employees globally.

    The company, which mines copper, gold and molybdenum, reported $16.4 billion in revenue in 2017. It is the world’s largest publicly traded copper producer.

     

    Even a 1% tax would be $164 million.  That's a 'ton' of money that could be used for disaster cleanup, infrastructure, etc...

    • Like 1
  14. 1 hour ago, Dakota Slim said:

    There are some interesting comments here. How much should the royalty be on an ounce of gold? How would the government keep track of all the people who are out there looking for those elusive flakes and nuggets? What would the penalty be for not reporting a find and paying the royalty?

    Part of the issue is the tendency to take everything to the extreme.

    Nobody wants what you are suggesting, nor would it even be possible.

    Companies whose profits are in the millions should be paying something for the minerals.

    No one thinks twice about having to buy a tag to hunt deer.  Even when there's no guarantee you'll get drawn or succeed in the hunt.

    We can be reasonable.

    Non-Democrat, Lincoln Project supporting, Machinist Luke

    • Like 2
  15. 4 hours ago, chrisski said:

    AZ is the biggest copper producer in the US, and I really don’t think those large operational mines are getting away with just a claim fee of $165 per 20 acres per year.  I bet they have taxes galore they’re paying.  In one of our counties, the mine employs most of the people.

    Here's a list of companies that didn't pay Federal Income Taxes in 2018.

    http://nbr.com/2019/12/16/these-91-companies-paid-no-federal-taxes-in-2018/

    Freeport McMoRan is on the list.

    • Like 2
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