Labour are insane
 

No other way of putting it: link

Re: Labour are insane
 

The assets are only worth anything if others have the spare cash to buy them.

The ones that created the banking crisis were the ones without money, who wanted get-rich-schemes of buying houses that would increase in value, or housing developments that weren't needed. What happened afterwards was a pass-the-parcel of the debt of those people. The money for those "investments" came from the well-off. It is the well-off who didn't get paid back from their investments. It is the well-off and their spare cash that provides the money for mortgages, personal loans, and business loans and that is why the banking system had to be protected. If the well-off don't put their money in banks, no loans of any sort are possible.

Re: Labour are insane
 

Mmm, a video from 5 years ago...

Something has to be done about the obscene gap between rich and poor in this country, that is getting bigger all the time. Divisions are only getting greater. This may not be the solution, but they are right to see it as an issue that needs to be addressed. The current cabinet of millionaires, who won't publish their tax returns (unlike McDonnell), certainly won't be bothered.

http://www.independent.co.uk/news/bu...-a7589341.html

Re: Labour are insane
 

Just love the way he reckons 'the rich' caused the crisis. Really John? Really?? What you mean all of them were responsible and none of them have contributed anything positive to UK PLC and society in general? No worthwhile contribution whatsoever? Nope, they're all the same, rich, fat cat banker pigs... :rolleyes:

The thing about New/Old/Same Old Labour is that sooner or later they always revert back to the sort of puerile stereotyping and failed policy which brought the country to its knees back in the 1970's.

Re: Labour are insane
 

So if someone has worked hard and done well for themselves you figure they should give some of their money to someone who has sat on their arse all their life?

Re: Labour are insane
 

Life isn't as simple as that Nanaman. People can fall on hard times through no fault of their own. Yes there needs to be incentives and rewards for succeeding. However depending on which family/area of the country you are born, chances are uneven from the word go. Most, even if they've done well, see the need to help those less well off. It's the idle 'inherited' rich and affluent pensioners bleeding the country dry.

Re: Labour are insane
 

Affluent pensioners?

https://www.gov.uk/government/upload...-15-report.pdf

In 2014/15, the average weekly income of a pensioner was £297, or around £15k per year.

Affluent?

Re: Labour are insane
 

probably meant effluent;)

Re: Labour are insane
 

What planet are they living on?


The pensioners that I know the average weekly income is about £150 per week.

Re: Labour are insane
 

Most have it tied up in property, income is only one element. However the 'triple lock' is unaffordable, giving free TV, bus rides etc to rich pensioners is a farce. You can be sure this won't be there when most of us retire, if we ever do.

---------- Post added at 17:29 ---------- Previous post was at 17:21 ----------

I'd say £15k is a decent income for a pensioner, assuming they own their own house. However we obviously live in different worlds Hugh !

Re: Labour are insane
 

well my parents worked bloody hard all their lives and they are certainly not affluent Mr K.:nono:

---------- Post added at 17:32 ---------- Previous post was at 17:31 ----------

My parents own their own home and they are penalised left , right and centre.

Re: Labour are insane
 

Personally I'm saving big time for retirement. I don't expect the state to provide or be able to afford to pay out what they currently do. Pensioners have never had it so good.

Re: Labour are insane
 

How dare they work hard, pay their tax, scrimp/save to pay their mortgage for decades and then have the audacity to own their own home and, consequently, very likely have to fund their own social care!!! :mad:

:rolleyes:

Re: Labour are insane
 

yea its partys and booze every night ibeeffa 6 times a year and every one drives a Bentley

Re: Labour are insane
 

l think you need to live in the real world in regards to this Mr K.

---------- Post added at 17:46 ---------- Previous post was at 17:43 ----------

If only it was as easy as Mr K thinks it is.