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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (17390)	4/17/2007 6:51:36 PM
From: Snowshoe	Read Replies (1) \| Respond to of 220285

>>why is this?<< Hong Kong in its current incarnation is quite new. There's still plenty of time for it to morph into a suffocating high-tax nanny state like New Zealand. ;>)

To: TobagoJack who wrote (17390)	4/17/2007 8:42:09 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 220285

True TJ. All too true. Though using gold nails would be a good way of hiding them in a house, behind wall paper. And investing in QUALCOMM has already been enormously successful and cannot now turn to failure even should QCOM go to zero. Profits have been converted to various other things, such as this house I'm sitting in, snug and warm, waiting for TeoTwawki. But, at present, QCOM does NOT look like going to zero. On the contrary. More dividends keep rolling in and I have to keep coming up with innovative ways to spend them. Fortunately, Globalstar is a great help in that regard. The NZ government will be able to deal with a LOT of them too, once my tax credits are used up some time or other if I am still living in NZ. Hong Kong is still on the up and up. Wait until a landed gentry generation gets their Latteland Versace jet-set paws on the profits. Trustafarians are notable for their ability to spend a LOT of money. The dead and buried Virtuous Values generation will have learned, worked, saved, invested and created huge value which, as in NZ, will be poured down the drain by the spendthrift entitled who mistakenly believe they are a special kind of human. Those who don't grow up with plastic windows and dirt between their toes don't understand. It might well take another 30 years for Hong Kong to even peak. But I wouldn't commit to that timetable. I note that Britain, on their departure, tried to inflict democracy on Hong Kong, having cheerfully run an undemocratic country for a century. Voting to take other people's property is a very big problem of democracy. Another fundamental flaw is concentrated benefits and diffuse costs - meaning those being given some taxpayer cash get the benefits, so they care a lot about that, but the tax is spread over large numbers of people [who care little about another $1 a year taken from them]. I don't think the people in Hong Kong are particularly special. They seem quite vulnerable to sars, for a start. Being the same people as China, near enough for government work, it will be a very good trick for Hong Kong to remain distinct from the rest of China, just as New York is not enormously different from California, or Kansas is particularly different from Florida, though of course one can see some significant differences in their ways of life. But, one can only live in the present and plan for the future, so you might as well do as you are doing and make hay while the sun shines, keeping submarine deposits of gold and scuba gear for escape at the right time. I am indeed familiar with capitalism TJ. One doesn't have to live in a capitalist place to understand it. I have been a capitalist since I discovered capital about aged 5. I had great interest in interest. I promote capitalism, freedom and individualism when I get a chance. Others promote citizens as state serfs, shooting of escapees in the back, confiscation of their assets, suffocating citizens with arbitrary rules and victimless "crimes". Mqurice