McDonnell's la la land economics- Don't need no number$

McDonnell's la la land economics- Don't need no number$

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Discussion

leef44

4,359 posts

152 months

Monday 20th November 2017
quotequote all
PurpleMoonlight said:
Why is it madness?

Looking at it simply.

Say the Government borrows £500bn over say 15 years to buy all the utility companies, They then use the profits of them over the next 15 years to repay the borrowing and interest.

After 15 years we are quits in.
Actually this is a very good question in the sense that the populists' view believe it is as simple as this which is why Labour is getting so much support for nationalisation. If only the Tory spent the time and effort to address issues like this and make the common people understand it doesn't work like this.

Straight forward answer is that a company exists to make profit and if it doesn't then it goes bankrupt. The government exists to regulate society. If you then let a government get involved in running a business when it's job is to satisfy voters then it takes investment funding out of a company and spends it on pensions and benefit payments. The company is then sucked dry and is destined to fail.



leef44

4,359 posts

152 months

Monday 20th November 2017
quotequote all
Gecko1978 said:
your logic is flawed. The tennet would have to pay for his or her home one way or another either rent, mortgage, cash buy a house, or rent to local authority. ergo they would have spend a portion of there income on housing. The provider of the housing has made an investment in said housing a we assume makes a profit on the letting of the property i.e. more money than they would have otherwise made with there cash. The tennant is choosing to spend money in housing in that way so makinga choice not to spend it in an other way. Even if the quit there former job to become a land lord its still a job an there old job goes to someone else. Thus there was one job now there are two the economy is growing.
I think we'll agree to disagree since this is digressing from the main topic on this thread.smile

I just think that first time buyers are the ones who suffer from this and that a home should be a place to live and people work in a job. A home shouldn't be used as a marketing commodity. It would make the economy a better place in the long run.

garagewidow

1,502 posts

169 months

Monday 20th November 2017
quotequote all
leef44 said:
I think we'll agree to disagree since this is digressing from the main topic on this thread.smile

I just think that first time buyers are the ones who suffer from this and that a home should be a place to live and people work in a job. A home shouldn't be used as a marketing commodity. It would make the economy a better place in the long run.
I might add,
not to mention the waiting time bomb of all those renters retiring and possibly needing future care with no asset to liquidate and cover any costs.

James_B

12,642 posts

256 months

Monday 20th November 2017
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BigMon said:
And yet I seem to recall when Corbyn was running to get elected many right-wing posters on here joining the Labour party just to get a vote and then dancing with joy and boasting about making Labour unelectable for 100 years or so.

Those of us who pointed out the folly of this were sneered at.

You reap what you sow.
But he lost, and he lost badly. What point are you trying to make?

BigMon

4,155 posts

128 months

Monday 20th November 2017
quotequote all
James_B said:
But he lost, and he lost badly. What point are you trying to make?
That he should have never been put in a position where he could, however unfeasible it may appear to be, possibly end up with the keys to number ten and all who voted for him are culpable if that disaster ever happens.

anonymous-user

Original Poster:

53 months

Tuesday 21st November 2017
quotequote all
PurpleMoonlight said:
Why is it madness?

Looking at it simply.

Say the Government borrows £500bn over say 15 years to buy all the utility companies, They then use the profits of them over the next 15 years to repay the borrowing and interest.

After 15 years we are quits in.
rofl

jmorgan

36,010 posts

283 months

Tuesday 21st November 2017
quotequote all
BigMon said:
James_B said:
But he lost, and he lost badly. What point are you trying to make?
That he should have never been put in a position where he could, however unfeasible it may appear to be, possibly end up with the keys to number ten and all who voted for him are culpable if that disaster ever happens.
Yeah, I did wonder when all that was going on. Was it any numbers that made a difference and will the ones that did it come forward and say so.

Laugh my socks off if it tuns out a Russian bot started the idea.

Then May calls a stupid election with this throw back to the 70s with McDonnell in tow an a Union pulling the strings. What can go wrong.