howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
we can only hope hes wrong
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Jan Higgins
- Location: Dover
- Registered: 5 Jul 2010
- Posts: 13,895
The headline "So arrogant and stupid they might bring us all down:" could equally refer to so many politicians of all persuasions.
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I try to be neutral and polite but it is hard and getting even more difficult at times.
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Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
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Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Darling, after all, was wrong throughout the 13 wasted years when he backed Brown's Chancellorship and Premiership that created the mess.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
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howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
the thing that struck me was the statement that we were about 2 hours away from not being able to get cash out of a machine.
not a great fan of mr darling but even less of the bankers he mentions.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Courtesy Independent/The Week/rvh.
Bankers were close to melt down when they were at the heart of the financial crisis.When confronted with the situation they had brought upon the nation they acted like they were off to the golf course.The situation was only saved by tax payers bailing them out with £50,000,000,000,000 of our money.
The Bank Chiefs showed shocking ingratitude for the publics massive rescue package that kept their businesses afloat.
Taxing the wealthy is top of the list in Europe and America.Billionaires/Millionaires are signing petitions calling for higher taxes on the ``Most Fortunate`` in Society.
But not in UK.Cameron and Osbourne are looking after the Wealthy....the ``Most Fortunate ``in our Society!!!!
Cable is floating the idea of a ``Land Tax`` on the wealthy.Osbourne is going to veto it.!!!!
Stocks Soar on talk that the Bank Reform will be kicked into the long grass.
The Finance world,casino bankers/investment johnies are really................``All in it together``
Asking the wealthy to pay their fair share on the tax front is not an attack on Wealth Creation but a strike for basic fairness.
With No Economic Growth and Cameron and Osbourne looking after the wealthy only.........the future looks dim.We need a plan `B` to equal the financial burden to reflect a basic fairness and finally get to`` We are all in this together.``
Cameron is a good salesman....with Duff products....short shelf lives........some good for cleaning round `U` bends.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
So who wrote that article then Reg? I see you do not attribute it.
Idiotic stuff, I have to say, looks as if its right out of a certain G. Brown song-sheet, a load of Balls maybe.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
always good baz to see the other side rather than the continued blinkered view
but of course as ibv said before its your right to post
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Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
I tend to agree with Reg. The Tories seem to be allowing every kind of income/bonus increase by those who can establish their own salary.
V. Cable knows that it can't go on like that, at least as far as city bankers are concerned.
Private (personal) assets in cash/shares/bonds and the like - I still don't know what a hedge fund is - which go over £100 million, should undergo a one-off taxation of 95%, methinks.
Over £10 million pounds should be taxed on a one-off basis of 50%.
On lower figures (£5 million +) one could suggest 25%.
My personal calculations seem to indicate that more than the equivalent to the State budget for 1 year could be raked in by doing a one-off taxation of the super-rich in Britian, which would still leave these people in possession of enormous private assets.
If you have £10 million in private assets, and then find that the State taxed half of it away on a one-off scheme, so that you "only" have £5 million left in private assets, do you become poor?
Guest 698- Registered: 28 May 2010
- Posts: 8,664
Alex the only UK party which advocates confiscation of wealth is the Communist Party of Britain.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
For a whole year's State budget, Peter, think it over!
Ross Miller
- Location: London Road, Dover
- Registered: 17 Sep 2008
- Posts: 3,707
Alex - what to do the following year?
Anyway on a more serious note this is what they do to the bankers in the US -
http://www.bbc.co.uk/news/business-14771936"Dream as if you'll live forever. Live as if you'll die today." - James Dean
"Being deeply loved by someone gives you strength,
While loving someone deeply gives you courage" - Laozi
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
I think Alexander was talking about one-offs Ross, so nothing to do the following year.
Can the Banks be sued for acting irresponsibly, but not illegally ? I know it said about misrepresenting the quality of those sub-prime mortgages, but as with most things like this, isn't it up to the purchaser to check the state of what they're buying ? "Buyer be ware" for example.
It'll be interesting and make lots of money for the lawyers; the money box goes from one wealthy group to another - when is it our turn ?
I'm not a leftie in any way, shape or form, but there is something singularly wrong with society, when only the lower half of it gets the raw deal.
I know that those with the ability should be well rewarded, but we are rewarding greed, not ability.
Roger
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
The State has no role in interfering with the remuneration given in private companies, that is a matter for the shareholders. As for the banks, the government is a shareholder in some of them and its influence should be restricted to that.
We are suffering now because we have a government that was financially irresponsible for 13 years, profligate with other people's money and we have to remember that.
One thing that might make future governments more financially responsible might be to make Ministers and MPs accountable in the same way local Councillors are. I would love to see the members of the former government sued along with all those MPs who voted in favour of their irresponsible budgets and personally surcharged. It would bankrupt the lot of them though it would not raise enough money to put the problem right.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
ROGER;
You are correct you lean to the right lol
and whilst we can go on blaming him or her, we need to decide do we want to solve the problem or not.
now, whilst i understand barryw's point on not interfering in private business
it becomes a problem when you see the vast amount of what was in the past a financially viable organisations(banks)to the situation where not only did they lose vast amounts of money, and lose face with the world, but also its share holders,
but they then went on to pay hugh amounts to dosh(in the millions) to chief execs
who had failed as leaders of the banks.
now whilst the everyday folk are having there budgets squuezed, they then look to others to as mr cameron says be ALL IN IT TOGETHER
but paying millions to failures is hardly all in it together
I do hope that drastic action is taken to sort out these issues around banks etc
and not keep stalling, the longer it goes on the worse it gets
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howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
unfortunately we cannot interfere in the affairs of private businesses.
the banks know this so will go on looking after themselves, if another crash comes then they will just accept another bail out.
rewarding failure is a national pastime.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
HOWARD;
Yes sadly you are correct
but what a mess
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