Jeremy Corbyn (Vol. 3)

[Welshbeef]

Bullett said:

I feel into a FB debat on the BB question.
One supporter was asserting that it would make money. Couldn't tell me how though.

Perhaps because you were feeling rather than falling into FB - at a guess.

[Tango13]

If Labour do get in where can I place a bet on a military coup within 12-18 months?

[howardmarks]

dazwalsh said:

Indeed, I accidentally strayed into a labour debate on facebook where I questioned the fallout from the broadband policy, and they were all adamant that there would be thousands of jobs created, that the likes of plusnet would still be in business and that Facebook are paying for it all. Militant like stance of their faithful comrade.

I guess there will be thousands of jobs putting a cable into every home.

[Evanivitch]

Tango13 said:

If Labour do get in where can I place a bet on a military coup within 12-18 months?

Better pay, better food and better accomodation promised just 8 days ago by Corbyn. Can't see private soldiers getting too disgruntled...

[Zirconia]

dazwalsh said:

Indeed, I accidentally strayed into a labour debate on facebook where I questioned the fallout from the broadband policy, and they were all adamant that there would be thousands of jobs created, that the likes of plusnet would still be in business and that Facebook are paying for it all. Militant like stance of their faithful comrade.

They would need people to person the phones at the call centres to ask will they be in in ten years for an engineer to come and question your next voting intentions before they let you have it.

[98elise]

Burwood said:

ralphrj said:

Burwood said:

Latest polls have the Tory's as high as 45%. Corbyn will have to throw some massive freebies out there to stay in touch. It's slipping away. Not one poll has Blue below 41%.

The Tories were miles ahead in 2017 until Labour launched their manifesto with promises of huge freebies all to paid for by someone else. It is highly likely that this elections manifesto will feature even more of the same.

And it's a mystery that they'll roll the same crap out again++
It was actually Mays aged care tax that lost them their huge majority coupled with the money tree from Labour. What will poleaxe them this time is the money tree is nothing new, their open immigration policy will repel a lot of their voters as will Leave voters.
My call is that Blue gain even more popularity.

Agreed.

Corbyn team did a good job at the last election. Lots of free stuff as a bribe, and he there was the whole Corbyn mania going on.

May had zero charisma, and delivered a disastrous manifesto nut still managed to win.

This time Corbyn is the least popular leader of all time, and BoJo is very popular. Corbyn is trying to give ever more stuff away but the public are seeing through it. The Torys are at least limiting it to good causes.

[98elise]

Slaav said:

Captain Raymond Holt said:

stongle said:

The debt for equity swap / appropriation at book value is not technically possible unless willing to commit theft. Its not even a barter.

Can you elaborate on this? It’s not my area of financial expertise.

My understanding is that Labour’s plans as stated are simply illegal on many fronts under current law. EU legislation would also prevent McDonnell’s plans even making it onto the drawing board.

‘We would pay a fair price as determined by Parliament’ seems to be quite important.....

Cretinous

I'm surprised they are going to pay book price. I will have to sell my retirement assets to someone else at a discount. That sale will also trigger a large tax bill. I will be fked financially.

[vaud]

Tango13 said:

If Labour do get in where can I place a bet on a military coup within 12-18 months?

Unlikely but it may be a good time to read A Very British Coup by Chris Mullin

[JagLover]

ORD said:

Similarly, almost nobody who pays a lot of tax votes Labour, so they lose nothing by clobbering high earners. We can expect some pretty nasty stuff in the manifesto, and it will do them no harm at all.

The Conservatives have a 2 to 1 advantage among working class voters in current polling, but only a slight lead among ABs.

It may be that many of those ABs are planning to vote Lib Dem instead. But whether voting Labour or Lib Dem they still risk putting Corbyn in No 10. So in this case Turkeys are indeed voting for Christmas.

[djc206]

JagLover said:

The Conservatives have a 2 to 1 advantage among working class voters in current polling, but only a slight lead among ABs.

It may be that many of those ABs are planning to vote Lib Dem instead. But whether voting Labour or Lib Dem they still risk putting Corbyn in No 10. So in this case Turkeys are indeed voting for Christmas.

Roughly 1 in 4 people are AB’s. Corbyn is promising (lying) that only the top 5% will pay for his free moon on a stick for every household, therefore most AB’s think (incorrectly) that they’ll not be footing the bill.

[stongle]

98elise said:

I'm surprised they are going to pay book price. I will have to sell my retirement assets to someone else at a discount. That sale will also trigger a large tax bill. I will be fked financially.

Its another pension raid. Just dressed up as unicorns sprinkled with pixie dust.

Also, McDonnell said something along the lines of "what takeover premium"? Knowing full well that firms in a takeover can trade upto 30% over their market price.

Its not even white collar crime, its so stupid.

They also plan to change the way international tax system works (to fund these pledges) and introduce in isolation (so nearly every piece of global tax treaty goes in the bin - and we're worried about frictionless trade with just the EU). McDonnell claimed that changing or inplementing windfall taxes on tech giants was legal and checked out. Clifford and Chance and the OECD said "is it fk".

So thus far, Labour have:

1. Pledged to steal from anyone holding UK stocks on pension funds
2. Invent a brand new accounting system, which effectively is the same way you teach a 5 year old how to manage pocket money NOT invest in assets / infrasctructure
3. Rip up Global tax treaties, just cos with seemingly zero actual checking.

Plays well to the 85s on Facebook though.

Its banana republic type stuff, but amazingly finds plenty of apologists or issue dodgers in here.

Edited by stongle on Monday 18th November 09:35

Edited by stongle on Monday 18th November 09:39

[djohnson]

MiniMan64 said:

They’ve already lost one election and not stood aside, what makes you think they’ll do it this time?

Remember they did much prefer to be angry opposition than actually having to go through with their promises.

I think they’ve as good as said they’ll go if they lose. Both Corbyn and McDonnell are around 70, it’s not credible for them to stick around 5 years or so for another election since they’d then be asking for a term of office that takes them both to about 80 (Corbyn’s health is also the subject of speculation and whilst he seems ok now we know McDonnell has had one heart attack already). Now these two departing doesn’t mean momentum ceases to control the party, indeed it may heighten the risk of a hard left government, they will get a popularity bounce when Corbyn goes whoever replaces him and a new leader can pretend to be more moderate. Be careful what you wish for, sometimes it’s better the devil you know.

[Camoradi]

I'm beginning to wonder if the Conservative strategy of promising lots of uncosted extra spending is as terrible as it first seemed. Labour and the media ridiculed it and tagged it with the "magic money tree" label, and then set about promising even more spending. They seem to be doing the Conservative's job for them, confirming what a lot of people think about their lack of a grasp of the financial stuff ....

[Halb]

vaud said:

Tango13 said:

If Labour do get in where can I place a bet on a military coup within 12-18 months?

Unlikely but it may be a good time to read A Very British Coup by Chris Mullin

yarp
and there are two most excellent tv adaptations as well, the Gabriel Byrne one is ace.

[Slaav]

98elise said:

Slaav said:

Captain Raymond Holt said:

stongle said:

The debt for equity swap / appropriation at book value is not technically possible unless willing to commit theft. Its not even a barter.

Can you elaborate on this? It’s not my area of financial expertise.

My understanding is that Labour’s plans as stated are simply illegal on many fronts under current law. EU legislation would also prevent McDonnell’s plans even making it onto the drawing board.

‘We would pay a fair price as determined by Parliament’ seems to be quite important.....

Cretinous

I'm surprised they are going to pay book price. I will have to sell my retirement assets to someone else at a discount. That sale will also trigger a large tax bill. I will be fked financially.

Ah but that’s the point.... they will determine the price and as eloquently put immediately below you, there isn’t a hope in hell of it being market price, let alone fair or market price. Hence, illegal....

[sisu]

The Farage vs Corbyn are just angry old men shouting at the clouds.
Labour could learn a thing or two from NZ Labour who went through the same Autumnal issue with their leaders. They chose a young lady who was an intern with Tony Blair.
A fresh start and someone who appeals to people under 55.

[ORD]

That is what would infuriate me if I were a Labour voter. No chance of winning middle ground voters.

Take me, for example - I hate the current Tories with a passion; I am a die-hard Remainer; I have no problem with the idea of government borrowing at a time of extremely low interest rates; I am socially liberal; etc etc

I should be a target for a Labour vote. But I would rather lose a toe than have this bunch of 1970s communists in charge. And I will distrust any new leader as a potential stooge for Momentum.

[Mothersruin]

Evanivitch said:

Tango13 said:

If Labour do get in where can I place a bet on a military coup within 12-18 months?

Better pay, better food and better accomodation promised just 8 days ago by Corbyn. Can't see private soldiers getting too disgruntled...

Yeah, they love a bit of his sort... https://metro.co.uk/2017/05/03/free-prosthetic-lim...

[FunkyNige]

stongle said:

I struggle to comprehend why and how the parties - in particular Labour are allowed to make election pledges that are not based in reality.

"A Lie Can Travel Halfway Around the World While the Truth Is Putting On Its Shoes" - modern politicians know they can spout blatant lies and their supporters will lap it up and decide it's a good thing before anyone stops to stay "hang on a minute, that doesn't make sense".

[Randy Winkman]

ORD said:

That is what would infuriate me if I were a Labour voter. No chance of winning middle ground voters.

Take me, for example - I hate the current Tories with a passion; I am a die-hard Remainer; I have no problem with the idea of government borrowing at a time of extremely low interest rates; I am socially liberal; etc etc

I should be a target for a Labour vote. But I would rather lose a toe than have this bunch of 1970s communists in charge. And I will distrust any new leader as a potential stooge for Momentum.

I could have written the post above.