SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Big Dog's Boom Boom Room
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: allevett who wrote (77939)1/15/2007 10:15:34 AM
From: Tommaso  Read Replies (1) of 206161
 
OT: I think Harper and Flaherty considered they had made a stroke of genius by preempting what had been a Liberal idea; they were counting on the indifference of the majority of Canadians who do not own the trusts and the envy directed trust holders and especially at foreign beneficiaries of Canadian trusts.

It would be ironic if a simple sense of decency and abhorrence of dishonesty was the undoing of Harper and his party. There may be better documented cases (in a modern Democracy) of blatant lying by a public figure, but I don't know of any--not even various film clips of Nixon.

The oil and gas royalty trusts made it possible for small investors--indeed, microinvestors--to enjoy the generous and increasing income from sales of oil and natural gas. The whole trust model restored the original idea of owning shares in an enterprise and benefiting directly from the profits. The only non-energy trust I own is Gamehost, where well-run hotels, restaurants, and casinoes produce a stream of income that increases every single month. I think Gamehost will be a success under any kind of corporate structure, but the trust structure assures that the profits actually go to the shareholders--who then PAY TAXES. Even foreigners pay taxes to the Canadian government, which has been withholding them, in some cases illegally.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News