Austerity..Enough!!

[Cyclone]

Presumably when HB was first introduced, it was for those who were out of work. Which seems reasonable, it helps no-one if people lose their homes the moment they are made redundant.

 

---------- Post added 29-09-2013 at 09:17 ----------

 

Re:business models, they're built around paying the market wage, it's not important to someone running a business why the rate is £6.50 an hour to hire someone to push button X, just that that is the rate. (And that somehow they can earn £10 an hour from that button being pushed).

In fact that's quite important, if the rate to hire that person was £10/hr, and they could still only sell at £10/hr (due to overseas competition maybe) then they simply wouldn't hire that person.

So the person wouldn't get a living wage, they'd get no wage at all, and the company wouldn't exist.

 

---------- Post added 29-09-2013 at 09:20 ----------

 

It's that easy is it? You'd trust your deposits with a start-up bank? After all they need the tier one capital a savings deposit brings to finance a mortgage for your house...

 

Sainsbury's and Tescos have managed to start banks...

[Ms Macbeth]

The CEO of Tesco is only in his position and is only wealthy because of his workers. The reason he can live in the chiltons is because a worker from Winn Gardens is putting in the work. The rich only exist by sitting on the shoulders of the poor. Therefore there is every responsibility to share the wealth as much as possible.

 

Sometimes the rich have become rich because they have a skill that earns them money, or a product that others want. Not everyone who is wealthy has inherited it.

 

Remember the previous CEO of Tesco, Terry Leahy? He started from very humble beginnings, he was brought up in a prefab in Liverpool, the son of Irish immigrants. Now that's real social mobility! In reality most of us can't achieve such a change in fortunes, but his taxes will have gone into the pot to help those with less. Isn't that how wealth (at least some of it) is shared? I'm sure pension investors have made money out of Tesco shares too, lessening the need for means tested benefits to be paid to their recipients.

[brianthedog]

Presumably when HB was first introduced, it was for those who were out of work. Which seems reasonable, it helps no-one if people lose their homes the moment they are made redundant.

 

---------- Post added 29-09-2013 at 09:17 ----------

 

Re:business models, they're built around paying the market wage, it's not important to someone running a business why the rate is £6.50 an hour to hire someone to push button X, just that that is the rate. (And that somehow they can earn £10 an hour from that button being pushed).

In fact that's quite important, if the rate to hire that person was £10/hr, and they could still only sell at £10/hr (due to overseas competition maybe) then they simply wouldn't hire that person.

So the person wouldn't get a living wage, they'd get no wage at all, and the company wouldn't exist.

 

---------- Post added 29-09-2013 at 09:20 ----------

 

 

Sainsbury's and Tescos have managed to start banks...

 

And I strongly suspect that you know how many hoops they'd have had to jump through, the capital, regulatory and FSA/FCA requirements etc...

[Mecky]

And I strongly suspect that you know how many hoops they'd have had to jump through, the capital, regulatory and FSA/FCA requirements etc...

 

Banks do not have to register with the FCA which largely failed in its duty anyway and the reason why it was broken up and rebranded

[Cyclone]

And I strongly suspect that you know how many hoops they'd have had to jump through, the capital, regulatory and FSA/FCA requirements etc...

 

I didn't claim it was easy, I was just showing that several companies have recently opened banks, demonstrating that it is possible.

[AdamSmith]

Sometimes the rich have become rich because they have a skill that earns them money, or a product that others want. Not everyone who is wealthy has inherited it.

 

Remember the previous CEO of Tesco, Terry Leahy? He started from very humble beginnings, he was brought up in a prefab in Liverpool, the son of Irish immigrants. Now that's real social mobility! In reality most of us can't achieve such a change in fortunes, but his taxes will have gone into the pot to help those with less. Isn't that how wealth (at least some of it) is shared? I'm sure pension investors have made money out of Tesco shares too, lessening the need for means tested benefits to be paid to their recipients.

 

good example but unfortunately the jealous chip their shoulders types here wont see the logic:roll: there are many other examples too just like Terry Leahy but that doesn't fit the socialist agenda!

[I1L2T3]

Presumably when HB was first introduced, it was for those who were out of work. Which seems reasonable, it helps no-one if people lose their homes the moment they are made redundant.

 

---------- Post added 29-09-2013 at 09:17 ----------

 

Re:business models, they're built around paying the market wage, it's not important to someone running a business why the rate is £6.50 an hour to hire someone to push button X, just that that is the rate. (And that somehow they can earn £10 an hour from that button being pushed).

In fact that's quite important, if the rate to hire that person was £10/hr, and they could still only sell at £10/hr (due to overseas competition maybe) then they simply wouldn't hire that person.

So the person wouldn't get a living wage, they'd get no wage at all, and the company wouldn't exist.

 

---------- Post added 29-09-2013 at 09:20 ----------

 

 

Sainsbury's and Tescos have managed to start banks...

 

Think you're right about the origins of housing benefit. It should be primarily an out of work benefit, nothing more.

 

The thing is about big business is if they will always lobby for ways to get cheaper workers

 

1. Free workers. We've seen that already with the work programme.

2. Immigrants willing to work for less. We've seen this already too, and it's no accident that the organisations that lobby on behalf of business are generally pro-immigration.

 

We also see the terrible spectacle of workers getting income top ups from the state, paid for by tax payers, while the businesses themselves do all they can to avoid tax. And have workforces with many employees who pay minimal tax. Who do they expect their customers will be as the cycle goes on and on.

[brianthedog]

Banks do not have to register with the FCA which largely failed in its duty anyway and the reason why it was broken up and rebranded

 

So what about all the other requirements? Easy? Cheap? Accessible to a layperson, or would the new banks end up employing senior staff from the hugely profitable banks we've packed off overseas? Think Mecky - I know you don't find it easy, but at least try to consider the ramifications of what you propose. I.

[Mr Bloom]

I'm getting sick of being preached to and listening to dicussions about austerity, thrift etc. Theres loads and loads of money out there but the rich are keeping it all to themselves (with politicians help) and are living literally like kings while the rest of us are told to darn socks (in the night when theres nobody there) and live on boiled cabbage, what sort of country are we going to end up with if this continues

 

Spot on. We, already on a pittance are told we have to tighten our belts. Samantha Cameron said she didn't know how they'd manage when David became Prime Minister on his meagre salary! We are being squeezed to the bone whilst the super rich are wealthier than they've ever been.

[Happ Hazzard]

How are you being "squeezed to the bone"? Are you paying more in taxes than you are recieving in services? No? Then you are not even being "squeezed" at all, other people are being "squeezed" to pay for you.