75% of our rail companies are owned by Nationalised companies which are owned by foreign states.
http://actionforrail.org/three-quarters-of-uk-rail-owned-by-foreign-states-research-reveals/
Over half of our water companies are, at least partly, foreign owned.
http://www.aol.co.uk/money/2013/05/21/who-really-owns-our-water-companies/
66% of the "big six" Energy companies are foreign owned.
https://en.wikipedia.org/wiki/Big_Six_energy_suppliers
We're going to leave the EU and have the vast majority of our utilities run by, and profited from, by other EU states, some of whom have admitted that they do cream-off profits from the UK to spend on their own infrastructure.
"A German Transport Ministry spokesperson recently admitted to such a strategy in reference to its state-owned company Deutsche Bahn: “We’re skimming profit from the entire Deutsche Bahn and ensuring that it is anchored in our budget – that way we can make sure it is invested in the rail network here in Germany.”"
FTR Deutsche Bahn "operates the Arriva Trains Wales, Chiltern Railways, CrossCountry, Grand Central and Tyne & Wear Metro operations. On 1 April 2016 Arriva became the operator of the Northern rail franchise. It also holds a 50% shareholding in London Overground Rail Operations and has lodged an application to operate services under the Great North Western Railway brand. In November 2016, Arriva Rail London will commence operating the London Overground concession in its own right."
Meanwhile...
"The publicly owned East Coast main line is due to be privatised by the government, despite operating very successfully. Since being taken back under public ownership in 2009, East Coast has returned over £1bn to the Treasury, in stark contrast to private train operators. East Coast was brought under public ownership following the failure of two previous private train operators, but the government seems determined to privatise it."
We have the highest fares in Europe. Passengers and taxpayers are subsidising a system that hands increasing profits to private, largely foreign, state-owned train operators, rather than being invested back into the system, as it would be under public ownership.
I find it strange that those who want us out of the EU, also are seemingly happy that EU states (mainly) are profiting from us!?
Apparently they believe that we're not capable, as a nation, to successfully do it ourselves. Despite plenty of contemporary evidence to the contrary.
Imagine that our very own successful, nationalised, owned by the nation, run for the nation, rail, water and energy companies got so successful that they were able to own, and profit from, ventures into foreign lands...
You'd think it was a Brexiters dream. But no. Apparently it's ludicrous. Apparently it's a throwback. Apparently it's the 1970s all over again.
We need to take back control of and invest in our country, it's assets, infrastructure, institutions and people.
The money paid in bonuses could reduce bank charges, increase interest paid, pay ordinary bank workers more, reduce interest charged on business loans (or just lend more - there might be more entrepreneurs if these capitalist banks weren't so risk-averse). Money circulates in the economy, in the poorer 95% of the population, which is better for the economy.
Are you arguing with me or against me? I only realised recently that the term "conspicuous consumption" dates back over 100 years, but I do recall Katherine Whitehorn's insight from the mid-70s: "We don't need 90% of what we buy. We just can't do without it". The need to spend as a psychological condition (as distinct from mere greed) is another aspect.
It may be in there somewhere but I think you omitted that social inequality is bad for the economy. There's stuff from the UK but this came up on google: http://www.aph.gov.au/About_Parliam...tary_Library/pubs/BriefingBook44p/EconEffects Our own government says the same, but then acts to reinforce social inequality (benefit cuts, grammar schools) because so many people can't see it - and think taxation is a burden rather than a means to general happiness (where most evidence is that higher taxed countries with good public services are happier countries). http://inequality.org/happiness-and-taxes/
75% of our rail companies are owned by Nationalised companies which are owned by foreign states.
http://actionforrail.org/three-quarters-of-uk-rail-owned-by-foreign-states-research-reveals/
Over half of our water companies are, at least partly, foreign owned.
http://www.aol.co.uk/money/2013/05/21/who-really-owns-our-water-companies/
66% of the "big six" Energy companies are foreign owned.
https://en.wikipedia.org/wiki/Big_Six_energy_suppliers
We're going to leave the EU and have the vast majority of our utilities run by, and profited from, by other EU states, some of whom have admitted that they do cream-off profits from the UK to spend on their own infrastructure.
"A German Transport Ministry spokesperson recently admitted to such a strategy in reference to its state-owned company Deutsche Bahn: “We’re skimming profit from the entire Deutsche Bahn and ensuring that it is anchored in our budget – that way we can make sure it is invested in the rail network here in Germany.”"
FTR Deutsche Bahn "operates the Arriva Trains Wales, Chiltern Railways, CrossCountry, Grand Central and Tyne & Wear Metro operations. On 1 April 2016 Arriva became the operator of the Northern rail franchise. It also holds a 50% shareholding in London Overground Rail Operations and has lodged an application to operate services under the Great North Western Railway brand. In November 2016, Arriva Rail London will commence operating the London Overground concession in its own right."
Meanwhile...
"The publicly owned East Coast main line is due to be privatised by the government, despite operating very successfully. Since being taken back under public ownership in 2009, East Coast has returned over £1bn to the Treasury, in stark contrast to private train operators. East Coast was brought under public ownership following the failure of two previous private train operators, but the government seems determined to privatise it."
We have the highest fares in Europe. Passengers and taxpayers are subsidising a system that hands increasing profits to private, largely foreign, state-owned train operators, rather than being invested back into the system, as it would be under public ownership.
I find it strange that those who want us out of the EU, also are seemingly happy that EU states (mainly) are profiting from us!?
Apparently they believe that we're not capable, as a nation, to successfully do it ourselves. Despite plenty of contemporary evidence to the contrary.
Imagine that our very own successful, nationalised, owned by the nation, run for the nation, rail, water and energy companies got so successful that they were able to own, and profit from, ventures into foreign lands...
You'd think it was a Brexiters dream. But no. Apparently it's ludicrous. Apparently it's a throwback. Apparently it's the 1970s all over again.
We need to take back control of and invest in our country, it's assets, infrastructure, institutions and people.
So you're changing the goal posts now (from people talking about income tax) as you've realised the figures were indeed correct.Where have I said everyone should earn the same?
And you are very rude. The figures don't take account of national insurance (which used to be a contribution to benefits and pension but is now effectively just a regressive tax). On 20k a year it's 7% of income, on 120k it's 5%.
I think you need to work out the distinction between retail and investment banking before you come up with your next great idea.The money paid in bonuses could reduce bank charges, increase interest paid, pay ordinary bank workers more, reduce interest charged on business loans (or just lend more - there might be more entrepreneurs if these capitalist banks weren't so risk-averse).
I went to a shit high school left having failed my A levels as I was working part time to help my parents get by due to their poor business acumen. Joined the military as a way of securing a proper income and usable skills, unfortunately the trade I chose "Flight Engineer" was being phased out in the civilian world due to automation in aircraft systems. Left after 10 years service with little to show for it and a huge divorce bill to boot. Payed for my civilian pilots license but after 5 years flying 9/11 crushed the industry so I odd jobbed fitting kitchens while looking for something permanent. Made a big decision to leave the Uk permanently when a training position came up and worked my way to a management position by shear will and hard work, accepting all the shittiest schedules and deployments.
No fucker helped me. I did it myself, I never claimed dole even when i could have and I funded my own qualifications both technical and educational.
I pay an appropriate level of tax here in Switzerland, I pay for my health care and i live within my means.
If some fucker asked for 50% of my income I would fuck off quick sharp. (I wouldn't be in the 50% bracket)
Well this thread last time was about 800 pages long and pulled at least 5 times for infighting and cleaning up from memeory, with mods being accused of bias to the left, ed milliband being called a far left nutjob (sounds a bit silly now) Rascal still about and cameron getting called a pig fucker, so this times all a bit more tame atm.
On the mancunian board bit, though and it's refelction on the pole I think like all poles 175 people out of a GM population of 2 isn't an barometer, plus the pole maybe would probably been better in the constituency thread which feflects that areas voting trend.
Well this thread last time was about 800 pages long and pulled at least 5 times for infighting and cleaning up from memeory, with mods being accused of bias to the left, ed milliband being called a far left nutjob (sounds a bit silly now) Rascal still about and cameron getting called a pig fucker, so this times all a bit more tame atm.
On the mancunian board bit, though and it's refelction on the pole I think like all poles 175 people out of a GM population of 2 isn't an barometer, plus the pole maybe would probably been better in the constituency thread which feflects that areas voting trend.
What I find odd mate is that no one has quoted that and explained how it's not a fair share. Or even defended the unfairness (to the wage earner with a comfortable but not obscene salary of £120k per year) of them paying 24x the tax on only 6x the salary.
Were people talking only about income tax? First time that distinction has been made. Perhaps because it changes the differential from 24x to 14x. Not that that will affect the view of those who seem to think all taxation is theft.So you're changing the goal posts now (from people talking about income tax) as you've realised the figures were indeed correct.
NI is still used for contributions towards benefits and pension.
I've gotta say. I'm a bit surprised you don't think it's awesome.read the key points of the tory manifesto, it's bit shit really.
Were people talking only about income tax?
Perhaps because it changes the differential from 24x to 14x
all taxation is theft.
That's my general feeling about it as well.Yes. Hence the figures quoted were all income tax. NI goes towards your health and pension eligibility.
14.9 rounds to 15.
Totally agree.
read the key points of the tory manifesto, it's bit shit really.
I think I understand the distinction and I think I understand snide and pedantic comments - but are you saying only one type of banker gets bonuses?I think you need to work out the distinction between retail and investment banking before you come up with your next great idea.
Why are some people so against paying taxes? Interested to hear the arguments.
Personally, I'd rather live in a fair society that works and have to pay a bit more to the government every year than one where the sick, elderly, young and inferm are left to rot. And for that you have to pay for it.
The money paid in bonuses could reduce bank charges, increase interest paid, pay ordinary bank workers more, reduce interest charged on business loans (or just lend more - there might be more entrepreneurs if these capitalist banks weren't so risk-averse). Money circulates in the economy, in the poorer 95% of the population, which is better for the economy.
Yeah meanwhile in your master plan there would be a massive black hole in funding the NHS, roads schools,defence, benefits etc.
You have not yet grasped that the uk needs a certain amount of money to function and the top 5 percent pay nearly half of their wages over and half of the income tax take needed in the uk. The more people earn the more tax we get particularly if administered under paye. It's a good thing for the exchequer not a bad thing.
The bonuses that are wrongly bemoaned in the press and by an ignorant population are mainly given to investment bankers yes.I think I understand the distinction and I think I understand snide and pedantic comments - but are you saying only one type of banker gets bonuses?