Share this page!

Giovanni B. Ponzetto Profile picture
Twitter logo
31 Mar, 5 tweets, 3 min read
Tax Thread: .... daje... NO, NON SONO UNA PARTITA DI GIRO! ma l'effetto non è intuitivo e spesso le persone capiscono il contrario della realtà. (/) @ALESSIO_ARGIOLA @d_stevanato @recifar @DonChisciotte_P @tax_analysis @recifar @LorenaLVilla
immaginate due dipendenti, tre del settore privato ed uno del pubblico, tutti ad una tassazione del 25% che prendano 100 lordo. (/)
il gioco è a somma zero per lo stato, il personale costa 300 ai privati che incassano netto 225, e 75 allo stato:
Image
ma se l'aliquota va a 27%? Gli "imprenditori" hanno zero impatto, i dipendenti hanno tutti lo stesso impatto, e lo stato guadagna da IRPEF di tutti e quattro.(/) Image
ma, magia delle magie, se tutto resta uguale l'imprenditore ha gli stessi costi di prima e lo stato costa meno ed ha più soldi. (miracoli della ragioneria e Luca Pacioli santo subito).

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Giovanni B. Ponzetto

Giovanni B. Ponzetto Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @gbponz

Giovanni B. Ponzetto Profile picture
1 Apr
It has to be reminded that it did NOT work on #HongKong, where the main driver was treaty expiration, NOT Chinese pressure. Even there, economic, political and military considerations made it unpalatable.(/)
Yet treaty duly expired, since there was no way for the UK to act otherwise. If anything, what should worry #Taiwan is NOT #China. It's #Germany, which is turning into a sort of Neutral player whose goal is to displease no one.(/)
However, Since Germany is #Europe's bank it has a disproportionate influence on policy, hence the soft touch with Russia, China, Turkey, Iran, you name it. Any country where bosses have an Iron hand on trade issues get treated well.(/)
Read 7 tweets
Giovanni B. Ponzetto Profile picture
30 Mar
THREAD: "What if this is as good as it gets?" (/)
@nglinsman @amlivemon @DiMartinoBooth @chigrl @dlacalle_IA @bondstrategist Image
That's a movie quote in a quite likeable, witty, and at times heart rending movie with Jack Nickolson: (/)
But the quote is eminently applicable to the US treasury 10 Year rate shown above: indeed, what if the multiyear trade wind brought by the Central Bank Eudoxus is about to blow against the ship?(/)
Read 6 tweets
Giovanni B. Ponzetto Profile picture
18 Mar
THREAD: in fact, one of the worst aspects of #QE is that, by carrying a huge size bias, it is the ultimate anticompetition clause: only the big can access money.(/) @Halsrethink @nglinsman @bondstrategist @DiMartinoBooth @dlacalle_IA @amlivemon @DavidBCollum
If you are an established company with a medium to big balance sheet, you not only can afford the paperwork (internal ratings, anyone?), but YOUR risk premium is compressed by Central Banks.(/)
Meanwhile, smaller companies and prospective new entrants cannot and will not find funding, since at that earlier stage there is a level of "funding cost incompressibility" given the risks involved.(/)
Read 7 tweets
Giovanni B. Ponzetto Profile picture
16 Mar
Ho appena sentito @renatobrunetta al #TG5 e schiumavo alla bocca dopo un pomeriggio passato a caricare dati inutili richiesti da una organizzazione che li ha già. (/) @DonChisciotte_P @liberioltre @LorenaLVilla
Dopo, dovrò continuare la mia settimana con adempimenti senza senso. E lui vuole "assumere i giovani migliori" (/)
Forse, e dico forse, potrebbero cominciare dal fare un paio di modifiche. Una, scrivere un bel #DL che renda non punibile il cittadino che ignori qualunque richiesta di dati già in possesso della #PA (/)
Read 4 tweets
Giovanni B. Ponzetto Profile picture
28 Feb
In più, c'è un problema "negoziale": se sei un imprenditore come @recifar , ed hai seguito la polemica su VDL - Gallina - Vaccini, hai due impressioni:
1. questi sono burocrati fissi nel presente;
2. quando sbraitano dopo urlano "penali" e se la prendono con te.(/)
Ora, ADESSO c'è un problema di scarso numero di VACCINATI. ed i politici strepitano per avere più vaccini, ma quello che secondo me Renato, @carloalberto @AlfonsoFuggetta , e tanti altri amici che stimo pensano è: (/)
"Questi vorrebbero avere ORA tanti vaccini, catena logistica in piedi e rifornita ad ogni nodo, tracciamento del processo, in e out, inclusa la fase somministrazione e richiamo."(/)
Read 5 tweets
Giovanni B. Ponzetto Profile picture
28 Feb
True, but it doesn't capture one thing: fixed income investors have been facing a bleak future for over a decade, since 2008, to be precise. (/) @jeuasommenulle @nglinsman @Halsrethink @amlivemon @DiMartinoBooth @bondstrategist
And the old man knows, because as the most perceptive of you have realised, he did NOT name banks within those investors. Because in 2008, the pick was between "banks " and investors. (/)
It's yesterday to me since I am almost 60, but people may not know how dire the situation was, especially for bond investors. Equities were smashed to a pulp. An equivalent disaster went on in bonds... with a twist.(/)
Read 14 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get emails when @gbponz has new unrolls!

Check out other threads from @gbponz!

Read all threads by @gbponz