It's all over milipede is going to win :(

[julian64]

JustAnotherLogin said:

julian64 said:

I think I would pay good money to see the other 3/4 leave.

If they did, you would

Probably but hedge fund managers aren't really very much use to any society. They don't produce anything they don't help anyone, its only the fact that this country has lost every other money making system involved in manufacture that we idolise money manufacture for its own sake. We're happy to sit back and tax it and still call ourselves great britain.

Yes without them we'd be bankrupt as a country, but perhaps we deserve that.

You can't really be very proud of GB as having only one industry and that involves perpetual gambling with money. Certainly doesn't make me proud of the country, but good luck to you if its your thing.

[Guybrush]

crankedup said:

julian64 said:

Du1point8 said:

Fartomatic5000 said:

Du1point8 said:

UK lost 1/4 of hedge fund staff when Labour last did their bonus tax and 50p tax.

That was a minimum of £500 million in lost taxes per year since 2010 and it was expected to go higher.

Do you have a source for that? Thanks.

Hope the FT is a reliable enough source

http://www.ft.com/cms/s/0/19d6e46c-cd97-11df-9c82-...

I think I would pay good money to see the other 3/4 leave.

Another group of workers stuck up their own backsides. Plenty more where they come from if they think they are indispensable they may have a surprise coming. Apart from that Millipede is not going to win but it will be a close run scare apparently.

Labour probably knew the 50p tax revenue change would result in an overall loss in revenue, after all they took 12 years and about 9 months to implement the new rate, just before they knew they would lose the election. Yet people still fall for their rhetoric? Idiots.

[PorkInsider]

Guybrush said:

Labour probably knew the 50p tax revenue change would result in an overall loss in revenue, after all they took 12 years and about 9 months to implement the new rate, just before they knew they would lose the election. Yet people still fall for their rhetoric? Idiots.

Yep. Utterly ridiculous.

As you say, they waited 12 years 9 months before they introduced the idiotic 50p rate, but since it was scrapped, they've barely shut up about the Tories 'giving the richest people in the country a tax cut at the expense of the poor.'

All I can say is, they obviously know that their supporters are too hard-of-thinking to effectively critique their red-tie-wearing heroes' rhetoric.

fkwits.

Edited by PorkInsider on Friday 27th March 18:04

[Du1point8]

julian64 said:

JustAnotherLogin said:

julian64 said:

I think I would pay good money to see the other 3/4 leave.

If they did, you would

Probably but hedge fund managers aren't really very much use to any society. They don't produce anything they don't help anyone, its only the fact that this country has lost every other money making system involved in manufacture that we idolise money manufacture for its own sake. We're happy to sit back and tax it and still call ourselves great britain.

Yes without them we'd be bankrupt as a country, but perhaps we deserve that.

You can't really be very proud of GB as having only one industry and that involves perpetual gambling with money. Certainly doesn't make me proud of the country, but good luck to you if its your thing.

So you are happy that we lost out on 2.5 billion pounds of tax and defend it by stating they don't add anything as its not manufacturing, etc.

The UK can't afford to do that as we need all the tax we can get without then dipping into pensions/gold/everything else, why do you think we should go that way? apparently they don't make money but they damn well pay taxes, so why should they be driven out of the country because they are not manufacturers, etc?

[JustAnotherLogin]

julian64 said:

Probably but hedge fund managers aren't really very much use to any society. They don't produce anything they don't help anyone, its only the fact that this country has lost every other money making system involved in manufacture that we idolise money manufacture for its own sake. We're happy to sit back and tax it and still call ourselves great britain.

Yes without them we'd be bankrupt as a country, but perhaps we deserve that.

You can't really be very proud of GB as having only one industry and that involves perpetual gambling with money. Certainly doesn't make me proud of the country, but good luck to you if its your thing.

That suggests you don't understand what hedge funds do.
Its like saying banks don't do anything useful. Or insurance. Or pensions. But I bet you use those. And those companies are using hedge funds. As are many other companies.

And why this obsession with manufacturing over service industries. Is making a car somehow more worthy or noble than providing higher value added design expertise to design things people want whilst it is made cheaply elsewhere? Or making films that people want to see?

They both make people happy. They both earn money. Just that service industries tend to make the workers a bit more money. And to some people that's wrong?

[sidicks]

julian64 said:

Probably but hedge fund managers aren't really very much use to any society. They don't produce anything they don't help anyone, its only the fact that this country has lost every other money making system involved in manufacture that we idolise money manufacture for its own sake. We're happy to sit back and tax it and still call ourselves great britain.

Yes without them we'd be bankrupt as a country, but perhaps we deserve that.

You can't really be very proud of GB as having only one industry and that involves perpetual gambling with money. Certainly doesn't make me proud of the country, but good luck to you if its your thing.

I do enjoy a well thought out post written by someone who knows what they are talking about

Unfortunately your post fails on both accounts...

[ukwill]

julian64 said:

Probably but hedge fund managers aren't really very much use to any society. They don't produce anything they don't help anyone, its only the fact that this country has lost every other money making system involved in manufacture that we idolise money manufacture for its own sake. We're happy to sit back and tax it and still call ourselves great britain.

Yes without them we'd be bankrupt as a country, but perhaps we deserve that.

You can't really be very proud of GB as having only one industry and that involves perpetual gambling with money. Certainly doesn't make me proud of the country, but good luck to you if its your thing.

Interesting. Which hedgie have you worked for?

[iphonedyou]

julian64 said:

Probably but hedge fund managers aren't really very much use to any society. They don't produce anything they don't help anyone, its only the fact that this country has lost every other money making system involved in manufacture that we idolise money manufacture for its own sake. We're happy to sit back and tax it and still call ourselves great britain.

Yes without them we'd be bankrupt as a country, but perhaps we deserve that.

You can't really be very proud of GB as having only one industry and that involves perpetual gambling with money. Certainly doesn't make me proud of the country, but good luck to you if its your thing.

Well crafting that post was a waste of time.

[NicD]

iphonedyou said:

julian64 said:

Probably but hedge fund managers aren't really very much use to any society. They don't produce anything they don't help anyone, its only the fact that this country has lost every other money making system involved in manufacture that we idolise money manufacture for its own sake. We're happy to sit back and tax it and still call ourselves great britain.

Yes without them we'd be bankrupt as a country, but perhaps we deserve that.

You can't really be very proud of GB as having only one industry and that involves perpetual gambling with money. Certainly doesn't make me proud of the country, but good luck to you if its your thing.

Well crafting that post was a waste of time.

Why do you say that?

[Dr Jekyll]

JustAnotherLogin said:

And why this obsession with manufacturing over service industries. Is making a car somehow more worthy or noble than providing higher value added design expertise to design things people want whilst it is made cheaply elsewhere? Or making films that people want to see?

They both make people happy. They both earn money. Just that service industries tend to make the workers a bit more money. And to some people that's wrong?

+100

[matchmaker]

I don't see any connection between the Hopkins bh and hedge fund managers...

[sidicks]

matchmaker said:

I don't see any connection between the Hopkins bh and hedge fund managers...

No link needed - some people are just looking for an excuse for an ignorant rant!

[speedy_thrills]

JustAnotherLogin said:

And why this obsession with manufacturing over service industries. Is making a car somehow more worthy or noble than providing higher value added design expertise to design things people want whilst it is made cheaply elsewhere? Or making films that people want to see?

To be fair I've tended to favour a balance between industries to mitigate the risks of cyclical downturn.

[Walter Sobchak]

rohrl said:

Phil Collins went to Switzerland.

Remember Phil Collins? He used to be quite famous.

Do you like Phil Collins? I've been a big Genesis fan ever since the release of their 1980 album, Duke. Before that, I really didn't understand any of their work. Too artsy, too intellectual. It was on Duke where Phil Collins' presence became more apparent. I think Invisible Touch was the group's undisputed masterpiece. It's an epic meditation on intangibility. At the same time, it deepens and enriches the meaning of the preceding three albums.

[rohrl]

Walter Sobchak said:

rohrl said:

Phil Collins went to Switzerland.

Remember Phil Collins? He used to be quite famous.

Do you like Phil Collins? I've been a big Genesis fan ever since the release of their 1980 album, Duke. Before that, I really didn't understand any of their work. Too artsy, too intellectual. It was on Duke where Phil Collins' presence became more apparent. I think Invisible Touch was the group's undisputed masterpiece. It's an epic meditation on intangibility. At the same time, it deepens and enriches the meaning of the preceding three albums.

Listen to the brilliant ensemble playing of Banks, Collins and Rutherford. You can practically hear every nuance of every instrument. In terms of lyrical craftsmanship, the sheer songwriting, this album hits a new peak of professionalism. Phil Collins' solo career seems to be more commercial and therefore more satisfying, in a narrower way. Especially songs like In the Air Tonight and Against All Odds.

[julian64]

NicD said:

iphonedyou said:

julian64 said:

Probably but hedge fund managers aren't really very much use to any society. They don't produce anything they don't help anyone, its only the fact that this country has lost every other money making system involved in manufacture that we idolise money manufacture for its own sake. We're happy to sit back and tax it and still call ourselves great britain.

Yes without them we'd be bankrupt as a country, but perhaps we deserve that.

You can't really be very proud of GB as having only one industry and that involves perpetual gambling with money. Certainly doesn't make me proud of the country, but good luck to you if its your thing.

Well crafting that post was a waste of time.

Why do you say that?

Because its an attempt at a put down. Its easier to write a put down than to give any thought to what you are saying. Its a bit like the schoolyard where people are trying to look clever with a one liner. I find that politics particular brings out this sort of mentality. its almost a football mentality, where when you say something disparaging about their favourite team, they insult first, and if you're really lucky they think about what’s been said later.

I think it remains that its a very sad thing that we have lost all manufacturing industry in this country. We need london money men or the place would be bankrupt, but that is a long way from thinking that just following people who work in a legalised gambling den is the right way for this country.

The right way is to be diverse in our production, rather than just cling to whats currently working for us.

Not sure either party is particulary interested in that.

[Sway]

julian64 said:

Because its an attempt at a put down. Its easier to write a put down than to give any thought to what you are saying. Its a bit like the schoolyard where people are trying to look clever with a one liner. I find that politics particular brings out this sort of mentality. its almost a football mentality, where when you say something disparaging about their favourite team, they insult first, and if you're really lucky they think about what’s been said later.

I think it remains that its a very sad thing that we have lost all manufacturing industry in this country. We need london money men or the place would be bankrupt, but that is a long way from thinking that just following people who work in a legalised gambling den is the right way for this country.

The right way is to be diverse in our production, rather than just cling to whats currently working for us.

Not sure either party is particulary interested in that.

I have to say I struggle with the concept that we've 'lost all manufacturing industry in this country'...

The Nissan factory in Sunderland makes more cars per annum than the whole of Italy. Then you have Honda, JLR, Rolls Royce, MINI, Bentley, Lotus, Morgan and others. I'm currently working for a firm that makes flight simulators, which are shipped all over the world. The vast majority of the supply chain and engineering is within the UK.

Yes, we've lost a lot of the heavy industry such as steelmaking, etc., however that's because we cannot compete with developing countries with exceptionally low wages compared to here. Would a steelworker in Sheffield be happy to work for under £250 per month?

Manufacturing is massive in the UK. It doesn't need as many staff as it used to, but go anywhere near the ports and you'll see lots and lots of shiny kit made here that's heading to customers abroad...

[julian64]

Sway said:

julian64 said:

Because its an attempt at a put down. Its easier to write a put down than to give any thought to what you are saying. Its a bit like the schoolyard where people are trying to look clever with a one liner. I find that politics particular brings out this sort of mentality. its almost a football mentality, where when you say something disparaging about their favourite team, they insult first, and if you're really lucky they think about what’s been said later.

I think it remains that its a very sad thing that we have lost all manufacturing industry in this country. We need london money men or the place would be bankrupt, but that is a long way from thinking that just following people who work in a legalised gambling den is the right way for this country.

The right way is to be diverse in our production, rather than just cling to whats currently working for us.


Not sure either party is particulary interested in that.

I have to say I struggle with the concept that we've 'lost all manufacturing industry in this country'...

The Nissan factory in Sunderland makes more cars per annum than the whole of Italy. Then you have Honda, JLR, Rolls Royce, MINI, Bentley, Lotus, Morgan and others. I'm currently working for a firm that makes flight simulators, which are shipped all over the world. The vast majority of the supply chain and engineering is within the UK.

Yes, we've lost a lot of the heavy industry such as steelmaking, etc., however that's because we cannot compete with developing countries with exceptionally low wages compared to here. Would a steelworker in Sheffield be happy to work for under £250 per month?

Manufacturing is massive in the UK. It doesn't need as many staff as it used to, but go anywhere near the ports and you'll see lots and lots of shiny kit made here that's heading to customers abroad...

Well I admit its an exaggeration to have said all, but certainly a lot.

[klootzak]

JustAnotherLogin said:

And why this obsession with manufacturing over service industries. Is making a car somehow more worthy or noble than providing higher value added design expertise to design things people want whilst it is made cheaply elsewhere? Or making films that people want to see?

Sorry, but are you seriously suggesting that taking a punt with someone-else's money is in any way equivalent to actually creating something?

Seriously?

Christ, no wonder the UK is fked.

k

[Du1point8]

julian64 said:

NicD said:

iphonedyou said:

julian64 said:

Probably but hedge fund managers aren't really very much use to any society. They don't produce anything they don't help anyone, its only the fact that this country has lost every other money making system involved in manufacture that we idolise money manufacture for its own sake. We're happy to sit back and tax it and still call ourselves great britain.

Yes without them we'd be bankrupt as a country, but perhaps we deserve that.

You can't really be very proud of GB as having only one industry and that involves perpetual gambling with money. Certainly doesn't make me proud of the country, but good luck to you if its your thing.

Well crafting that post was a waste of time.

Why do you say that?

Because its an attempt at a put down. Its easier to write a put down than to give any thought to what you are saying. Its a bit like the schoolyard where people are trying to look clever with a one liner. I find that politics particular brings out this sort of mentality. its almost a football mentality, where when you say something disparaging about their favourite team, they insult first, and if you're really lucky they think about what’s been said later.

I think it remains that its a very sad thing that we have lost all manufacturing industry in this country. We need london money men or the place would be bankrupt, but that is a long way from thinking that just following people who work in a legalised gambling den is the right way for this country.

The right way is to be diverse in our production, rather than just cling to whats currently working for us.

Not sure either party is particulary interested in that.

If we need the London money men so much, why is Labour so intent on taxing them to death or until they leave the country?

Last time they introduced the 50p tax the government lost over £500 million a year in taxes (that was an immediate consequence) so what is their answer this time round if they get in power?

Lets do it all again!!

When will they learn?