truman Posted October 16, 2018 Share Posted October 16, 2018 We currently have an unstable (May) government, and the stock market suffered a large plunge in the last month. It's simply not true that socialist governments cause stock market decline, that's just nonsense you've made up, and you must know that I will bury you in evidence to show that it isn't true. Socialism isn't anti business, it's anti business excess, anti unbridled capitalism. It's the reason you have weekends, and holidays, and maternity and paternity rights and sick leave and can't be fired for no reason. ---------- Post added 16-10-2018 at 07:26 ---------- Do they have a magic money tree? Don't we? We can find billions to bribe the DUP when we want. But we have to kick dying people off benefits in order to save money, it's all very confusing. The MPs can claim expenses for duck houses and moat cleaning, but universal credit will reduce the benefits of thousands of people who are out of work and can barely afford to eat. It's so hard to know whether we have a magic money tree or not. They may have claimed but were they ever paid? Link to comment Share on other sites More sharing options...
ez8004 Posted October 16, 2018 Share Posted October 16, 2018 Do they have a magic money tree? Don't we? We can find billions to bribe the DUP when we want. But we have to kick dying people off benefits in order to save money, it's all very confusing. The MPs can claim expenses for duck houses and moat cleaning, but universal credit will reduce the benefits of thousands of people who are out of work and can barely afford to eat. It's so hard to know whether we have a magic money tree or not. Hmm, Norway has a $1tn wealth fund for starters. What do we have? Link to comment Share on other sites More sharing options...
Robin-H Posted October 16, 2018 Share Posted October 16, 2018 Hmm, Norway has a $1tn wealth fund for starters. What do we have? And a population of just over 5.2m - that’s quite a lot each if the wealth fund was split equally.. Link to comment Share on other sites More sharing options...
alchresearch Posted October 16, 2018 Share Posted October 16, 2018 Perhaps we shouldn't be wasting money on football clubs too: Corbyn ally Ian Lavery quits football club exposed over funding A key ally of Jeremy Corbyn has stood down from the chairmanship of his local football club after allegations that it benefited from thousands of pounds in taxpayer subsidies. Ian Lavery, who was appointed as Labour Party chairman by Mr Corbyn in June, said that he was stepping down from his role at Ashington football club in Northumberland with immediate effect. The Times revealed in February that the non-league team relied on cash support from a development corporation owned by the local Labour-led council. In particular the non-League club benefited from £1 million https://www.thetimes.co.uk/article/corbyn-ally-ian-lavery-quits-football-club-exposed-over-funding-h33rsg768 "Labour - we're all in it together too." Link to comment Share on other sites More sharing options...
El Cid Posted October 16, 2018 Share Posted October 16, 2018 It's simply not true that socialist governments cause stock market decline, that's just nonsense you've made up, and you must know that I will bury you in evidence to show that it isn't true. If you read my post, how can the stock not cline if the utility companies are no longer in the FTSE 250? Link to comment Share on other sites More sharing options...
ez8004 Posted October 16, 2018 Share Posted October 16, 2018 And a population of just over 5.2m - that’s quite a lot each if the wealth fund was split equally.. This is what ill informed people do not understand. We may have one of the largest economies in the world, but size alone does not translate into better funding for public services. The Norwegians have such a ridiculously large investment portfolio that they own on average 1.5% of every listed company. They own so much of London itself, it is hilarious. They have returns on that investment which can be used on their public services and benefits. We have nothing that can remotely enable us to do that. Link to comment Share on other sites More sharing options...
The Joker Posted October 16, 2018 Share Posted October 16, 2018 Perhaps we shouldn't be wasting money on football clubs too: Corbyn ally Ian Lavery quits football club exposed over funding https://www.thetimes.co.uk/article/corbyn-ally-ian-lavery-quits-football-club-exposed-over-funding-h33rsg768 "Labour - we're all in it together too." that’s awfully kind of him, rather like giving away the Olympic stadium to W**t H*m for buttons, I would think Link to comment Share on other sites More sharing options...
Anna B Posted October 16, 2018 Share Posted October 16, 2018 (edited) This is what ill informed people do not understand. We may have one of the largest economies in the world, but size alone does not translate into better funding for public services. The Norwegians have such a ridiculously large investment portfolio that they own on average 1.5% of every listed company. They own so much of London itself, it is hilarious. They have returns on that investment which can be used on their public services and benefits. We have nothing that can remotely enable us to do that. Why not? Not so long ago we were the richest country in the world. Why have we sold off half our infrastructure? And why is nearly every decent company we have in foreign hands? The government have to share some of the blame surely? They have allowed rampant capitalism with no brakes and no balance. Anything for a quick profit, no care for tomorrow, and no long term planning - after all, that will be somebody else's problem.... Edited October 16, 2018 by Anna B Link to comment Share on other sites More sharing options...
Robin-H Posted October 16, 2018 Share Posted October 16, 2018 This is what ill informed people do not understand. We may have one of the largest economies in the world, but size alone does not translate into better funding for public services. The Norwegians have such a ridiculously large investment portfolio that they own on average 1.5% of every listed company. They own so much of London itself, it is hilarious. They have returns on that investment which can be used on their public services and benefits. We have nothing that can remotely enable us to do that. And despite all that Norway still has a much higher household debt to gdp ratio than the UK (101.6% vs 86.2%), so even though the government is technically flush with cash, it doesn’t mean that the population necessarily is. Link to comment Share on other sites More sharing options...
Anna B Posted October 16, 2018 Share Posted October 16, 2018 And despite all that Norway still has a much higher household debt to gdp ratio than the UK (101.6% vs 86.2%), so even though the government is technically flush with cash, it doesn’t mean that the population necessarily is. Yet the Scandinavian countries are renowned for having the best welfare and health/wellbeing provision in the world, and frequently come top in Education too. They must be doing something right. I believe many of them only work 4 days a weeek too. Link to comment Share on other sites More sharing options...
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