Central African Gold Inc
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Materials : Metals & Mining | Small Cap Blend
Based in Canada
Company profile

Central African Gold Inc, formerly Bankers Cobalt Corp, is a Canada-based natural resource company. The Company focuses on the acquisition, exploration, development, and operation of mineral projects in the Democratic Republic of the Congo (DRC). The Company’s exploration projects seek copper and cobalt in the DRC. It holds rights to approximately nine mineral projects located in the southern DRC CopperBelt. The Company also focuses to acquire interests in additional concessions.

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Billionaire Jamie Dimon: Go ahead and raise taxes on the rich, but do it the right way

1:26 pm ET September 23, 2020 (MarketWatch)

Shawn Langlois

That's J.P. Morgan Chase's (JPM) billionaire CEO Jamie Dimon arguing in a CNBC interview this week (https://www.cnbc.com/2020/09/23/jp-morgans-jamie-dimon-on-taxing-the-rich-donald-trumps-tax-cuts.html) that a wealth tax, as has been proposed by several Democrats, is "impossible to do."

Dimon also took issue with Joe Biden's plans to roll back Trump's huge tax cuts if he wins the White House. He said that the current tax policies are among some of the "very good things" the president has done for the U.S. economy, which he said has traditionally been a "red tape society" with a bureaucracy that "slows down a lot of business."

Dimon said governments should focus more on how taxes are structured in order to keep their economies growing.

"I remind people, the world, when you slow down the economy, you are hurting the disadvantaged more than anybody else," he said. "There're taxes which will slow down growth, like taxes on capital formation, or labor; and there're taxes which will not affect growth like taxes on, you know, well-to-do people like me."

Here's a clip from the interview:

This isn't the first time Dimon has said he'd be glad to pay more taxes.

"I believe that individuals earning the most can afford to pay more, and I have no problem paying higher taxes to address some of the fundamental challenges and inequities in our society," Dimon told Fox Business last year (https://www.foxbusiness.com/business-leaders/jpmorgans-jamie-dimon-has-no-problem-paying-higher-taxes).

-Shawn Langlois; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 23, 2020 13:26 ET (17:26 GMT)

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