Exxon Buys Pioneer, Private Credit, and Ireland’s Sovereign Wealth Fund | Prof G Markets

[@Adam-bo5kt]

Only £600 for a hospitality seat at Chelsea this weekend. Come on Prof G, you can surely treat Ed to that!

[@therJrep]

I do appreciate that they don’t put ads on their KZbin videos 🤙

[@mrwilliamwonder]

I pay for KZbin premium, so I hate when creators put ads in the video with them speaking.

[@therJrep]

@@mrwilliamwonder whoa we got a rich guy over here

[@mrwilliamwonder]

Only $2 million. Plan on my 150K of BTC to triple in 2.25 years though. Then I'm going to order a new orange and black Corvette. I live within my means. @@therJrep

[@nickstephenlim3882]

Best episode for any student, investor, human living in a market economy! “Life is good on the Death Star!”

[@HughMcBrideDonegalFlyer]

In defense of Ireland , the economy and people were kept repressed for the benefit of other countries namely the UK, so given the hand they were dealt they figured out a way to catch up , otherwise they might have been looking for 800 years worth of reparations....

[@paulbernard2094]

Tuning in!!! Best show on KZbin

[@Musicaldg1980]

I'm always amazed at the attitude folks have towards Ireland in the tax conversation. 1. There's nothing illegal about Ireland having a low corporate tax rate. It has been a hugely successful tactic that has turned Ireland from a third world country into a genuinely wealthy one. It was a brilliant move but there was nothing stopping any other country doing the same. 2. If the issue is American companies being allowed to relocate profits then change American law. That has nothing to do with Ireland. 3. Ireland pushing back on a change in a global corporate tax rate it was simply good negotiation. As a small country, Ireland was never going to be able to fight the tide but if the Irish government were going to be forced to move away from a very successful approach then they made sure to get something in return. 4. Tax may have brought companies here but there are locations with far lower tax rates. To say its just tax is a classic oversimplification. Hungary has 9% tax rate! 5. Ireland's tax model is very progressive overall. Having Americans lecture Ireland about tax avoidance when you look at what Tax the wealthy in the US pay is a bit rich (pardon the pun). 6. The whole reason why the Irish government is creating this fund is they know the tax windfalls wont last forever. I'm personally very glad to see this prudent approach.

[@AlexG-ey7md]

The benefits working on the Death Star 😂

[@overtlooked]

I grew up in Florida near Disney. In the early 2000s, an annual Florida resident pass with no black out dates was about the same price as now a low demand one day pass. Supply and demand at its finest.

[@Four_Eyes]

49:24 c'mon scott you know we're just going to print it. those companies have too much lobbying power and the gov's favorite tax is inflation anyway.

[@kittycomentator282]

“Life is great on the Death Star” 🔥 🔥 🔥

[@dianedean4170]

Spot on regarding the tax structure for corporations needs to be realistic and that determination is based on keeping the money where you make it, i.e. spread the wealth to the locals. Quality of life is good when you take care of your own. Thank you, Scott and Ed, for all your podcasts. I look forward to listening to your insights about the markets. 🎉😊❤

[@neilmoran9988]

Does she ever? Thanks for the post. Good that you spoke of Ireland.

[@tomsmith7429]

Ireland fund is 100 billion euros, not dollars

[@zackgreen5026]

Love the banter 2:30

[@Kilroy-h5u]

I'm glad I heard him say that there are too many people. They need to charge more to get people out from many events around the country. I'm not waiting an hour in line for anything. Thin the herd.

[@nocareernofear]

As an Irishman, I'm not bursting with pride over tax policy in recent times. Selfish for sure. But given how poor the country was as recently as the 1980s & how rich it is now, it was clearly a smart move as Scott says. Hopefully we'll navigate upcoming tax changes & avoid reverting to poverty in years to come

[@adrianlemus2768]

I don’t blame Ireland too much, they’re just working in the system of capitalism. I’m more surprised that there aren’t other countries offering even lower effective rates.

[@michaeld9178]

@@adrianlemus2768your point is correct, however Prof G and others over simplify Ireland’s success as being purely derived from low tax. There are other actors at play, work force skills, English speaking EU nation, Ireland’s soft power in its diaspora. If our success was a low tax rate, others would offer better rates.

[@adrianlemus2768]

@@michaeld9178 that does explain my latter point then. Thanks for the info.

[@ross8816]

I would like to see an episode where the host discusses modern monetary theory with an expert. I would love to witness the epiphany live when he realizes it is all more organized than the previously thought.

[@gauriprabhu6769]

Great insights.Thanks.

[@portalrene2485]

Great remarks on IPO vs credit markets as well as on the Irish Sovereign Fund (corporate taxes)

[@Well_Earned_Siesta]

Fully electric vehicles (EVs) now command 7.9% of the entire US light duty vehicle auto market. If you include hybrids and plug-in hybrids, its more than double that. Globally, EVs were 14% of all new car sales in 2022, triple what it was in 2020. The global doubling rate of new EV sales is now at about 1 year. A fun stat: in 2012 there were 120k EVs sold in the world; in 2022 that amount was sold every week.

[@ReasonableHuman1]

Thank you!

[@HelsinkiWalks]

This prof is so passive aggressive. I think he must have a hangover again!

[@HelsinkiWalks]

GO media analysts Ed Elson!

[@vision415]

Great podcast

[@philfrankly]

If all those US companies were hypothetically attracted back to home by a 15% tax rate, would the tax income on the bigger pie better or worse?

[@AlexanderJMarsh]

12% Ed?!? Since January 1, 2018, the nominal federal corporate tax rate in the United States of America is a flat 21% following the passage of the Tax Cuts and Jobs Act of 2017.

[@TansuTansu2]

Transposition error.

[@justmeandmy]

IPO no longer being the spot to raise capital means that IPO rules are over restrictive. More companies would IPO earlier if it was easier.

[@marianhunt8899]

Ireland got financially screwed good and proper in 2008.

[@MohamedAlJneibi]

I'm came here after seeing that thumbnail 😎

[@tombackhaus8990]

what is up with your audio levels..... I have to keep adjusting my volume on my laptop

[@tutornick]

wrt Ireland, it's one of the most expensive cities in Europe. Extortionate cost of accommodation and groceries double the prices of the UK...so it would make much better sense for the Irish government to support the local economy and residents, rather than blowing any windfall tax income on vanity projects.

[@swphilosophy3040]

Ireland isn't a city

[@michaeld9178]

What vanity products?

[@jodylowe8476]

Did anyone spot the new latest phrase soon to be over-used. He used "jazz hands" several times in this one and you will soon be hearing it in every interview.

[@DividendFactory]

Ireland has has an "IP Box" tax 6% KDB is a Corporation Tax (CT) relief on income from qualifying assets. A company qualifying for KDB may be entitled to a deduction equal to 50% of its qualifying profits. This means its qualifying profits may be taxed at an effective rate of 6.25%. How does a company qualify for KDB? To qualify: - a company’s accounting period must begin on, or after, 1 January 2016 - the company must earn income from a usable qualifying asset and - the company must have created the usable qualifying asset from qualifying Research and Development (R and D) activities. What is a qualifying asset? A qualifying asset is one that is created from qualifying R and D activities such as: - a computer programme - an invention protected by a qualifying patent - IP for small companies which is certified by the Controller of Patents as patentable, but not patented.

[@garygranato9164]

re- irelands sovereign wealth fund , ive been watchi videos of people from ireland stating that the people are getting nothing and the infrastructure needs investment !

[@mikemckeon3737]

Just a caveat regarding semaglutide drugs (Ozempic, etc.) The drugs have been out for a short period of time. Side effects have been minimal so far, but could derail the long-term efficacy of the drug.

[@MrMountain707]

The key is to buy private equity stocks!

[@ezyryder11]

34:20 lol 😂

[@richardderuijter]

phew for a minute i thought Exxon was buying my favourite DJ gear 😅

[@soundadviceb2b]

OIL ....What about CANADA ! ...#2 after SA

[@soundadviceb2b]

SORRY Venezuela SA then Canada

[@markusmcgee]

That's 2 punchlines in one 😆😆😆

[@JamesArseneau-j3x]

I refuse to join any club that would have me as a member. Groucho Marx

[@marianhunt8899]

The real economy dies when the money is hoarded and not reinvested. It's like neglecting the foundations of your home. Eventually it will come crashing down.

[@andybaldman]

Glad to see the intro sex jokes are back.

[@Ryanrobi]

You guys are making it seem like the only taxes corporations or individuals pay or income taxes those companies all pay huge payroll tax real estate tax fuel tax sales tax all sorts of other taxes You want to say Nike pays no taxes you have to caveat that with saying they paid no income taxes. As someone who used to be a farmer I can tell you by far the best way to avoid taxes is to be a farmer No small businesses treated better and has more write-offs and blurs the line between personal and business than farmers. I know farmers that have their farm pay for pretty much everything as a business cost from there vehicles their gas their house their lawn mower landscaping and they only officially pay themselves $35,000 a year but they live like they make $300,000 a year. It's pretty awesome. They technically qualify for Medicaid because of the low W2 income but they have a net worth of 5 to 10 million in half a lifestyle of someone that makes $300,000 a year. The one thing I learned when I was making and the tech company 160 grand a year was W2 income is the absolute worst way to make money I try to keep my W2 income as reasonably as low as possible.

[@bibbidi_bobbidi_bacons]

Well where did your girlfriend go lol

[@magalengo]

Criticizing the petroleum industry while jet setting around the world, the apex of stupidity and hypocrisy.

[@TizBaz5]

The joke at the beginning could use a bit of work.

[@MartinoBagini]

Italy? No way 😂 Do not incorporate here.

[@MM-wi5dn]

It will be interesting to see when you get canceled and what it is. Arrogance begets a fall. Your overconfidence will be your undoing. Money does not ensure status.

[@BigHenFor]

If you believe that you're European and broke. The United States is as the Prof says, a great place to make money, but a lousy place to live. Europe is the other way around. That's why many Americans spent their QE windfall on trips to Europe instead of spending all of it at home. And there are a few are falling in love with places like Portugal, because their dollars go much further. So... As long as they don't go broke, they don't care about being cancelled. Why? Because they've made enough money to say F$$k Off to almost anyone else but the government. It's only people dependent on others goodwill who give a damn. For instance, the amount of times George Soros has been cancelled, or equated to Satan, and he doesnt give a damn. He's just living his life.

[@FGD135]

🎃 😂

[@HeavyWeight-qx8ou]

Maybe stop with the inside the industry acronym jargon and take the time to use the actual words.

[@BigHenFor]

Try saying please or buy a financial dictionary.

[@HeavyWeight-qx8ou]

Oh I was supposed to get a functional dictionary? I wish you had commented earlier because I ended up with one of those non-functional dictionaries

[@smarv8]

😂😂

[@crohmer]

not sure what the appeal of this Ed guy is. Last episode he said he wants the market to go up so he makes money. Ya i understand that but he is 24, shows no regards for the long term investor. Sounds like a trader

[@JennyG-whizz-gz6vu]

WOW..Who is DAT grl?...@JennyG-whizz-gz6vu