RE: Ineos confirms Mercedes factory acquisition

RE: Ineos confirms Mercedes factory acquisition

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Digga

40,361 posts

284 months

Friday 11th December 2020
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rastapasta said:
There should have been better tax incentives for him to choose wales. If he got a tax break for the first 10 odd years for example and then drop the corporation tax to below Irish levels. Then maybe his head could've been turned.
TBF we don't know the nuts and bolts of the deal, if Mercedes were really keen to offload, he might have got it for the eBay joke swap of "some Star Wars Lego and a Playstation".

Hermeticist

1 posts

41 months

Friday 11th December 2020
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Thank you, this made my night, extremely amusing: Panzergrenadier! So good I even joined the forum.

There is some hope for this country, it might only be in the entertainment sector, but still...

The argument is always dragged out that why should capitalists make any decision that isn't entirely focussed on making money at any expense, whether that is to the detriment of local communities et al? My response to this is we (HMG and every other government) let the super rich behave in ways that we (the average citizen) are not allowed to (most of us pay more tax than them, because we don't have the capital to open a tax haven account; are expected to be more honest, because we don't have access to barristers with a 100% success rate...) on the ridiculous premise: it's a good thing because of "trickle down" economics.

This "trickle down" doesn't have to be specifically British, but then these 0.01 percent (it never was 1/100) should not then involve themselves in politics, in any way, that may serve to worsen the economic situation of those supposedly benefiting from their "trickle down" - I apologise if that makes you think of Sir Jim leaving a trail from the bottom of his trousers - Because that is the definition of having your cake and eating it.

Whatever you think of Keynesian economics, nothing truer was ever said than:

“Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.”

As for Brexit? QE after 2008 was described by several bankers as (I paraphrase several quotes) the greatest transfer of wealth from Rich to Poor in history. This was until the American Covid Rescue package that may have beaten the previous transfer.

I submit that Brexit was jumped on, after it's narrow victory*, as another transfer and a way of preventing the loss of our tax havens (it has been estimated that at least 1/3 of capital passes through British tax havens). I realise this isn't a novel theory, but I believe it's the most likely. I have not seen any Brexiteer suggest any ways that we will be better off and our children have lost so much, not least the freedom to travel and work in any country that may be better (within Europe). People from Wales could have perhaps acquired an INEOS job in france and now that's been taken away as well.

  • before the second gulf war, opinion polls (they weren't going to risk a referendum) put a potential no vote to war at around 80-90%, but HMG went to war anyway. To suggest that 1% (or whatever) is a majority, in the face of the previous statement, is laughable. HMG will do what suits HMG, if they believe there is any chance of getting away with it).
I don't blame the average Brexit voter: so they got taken in by patriotism and demagoguery, that is nothing new and was as prevalent in ancient Athens as it is today. Hence the reservations regarding democracy by certain "great" thinkers of that period.

However, do we let liars and demagogues strip our country (whichever country that may be) and then move onto the next? Sir Jim did not make his factories, develop chemistry or make the chemical that provide his wealth. He built his fortune on the work of people from the UK and abroad. His only offering was his good fortune in life.

Without intervention from unions there would be no health and safety at these plants, it had to be fought for, it was not offered by the Sir Jims or by government in any willing way. Why? Because why should the Sir Jims make any decision that does not maximise their investment, even if that means his workers dying at an early age?

We have been propogandised into accepting nothing but capitalism (the reality is more akin to National Socialism that pure capitalism) and we are even naive enough to provide their defence from their "psychopathic" acts. (Ron Johnson has some opinions, from leading psychologists, in his Psychopath Test, directly related to captains of industry). And, since 1945, the western world has spent more money on making sure that no other type of government could work (it's impossible to make a close calculation, because of what to include/exclude, but the US alone has spent trillions on defeating systems that they feel threaten their own. If these systems didnt work then they wouldnt have been worried about them and didn't need to spend a penny on, for example, defeating a small island in the Caribbean - whether by economic sanctions or through exploding cigars and poisoned wetsuits). Just so we can all roll out the universally accepted maxim: its nice in theory but it doesn't work in practice...

Let me make it clear, I don't want to be subject to a totalitarian regime, but nor do I wish for myself and my children to just survive. I want them to have a good life, one of ease and leisure, just like the Sir Jims. But for a few to have this ease the majority shouldn't need to be tricked, cajoled and ruined by Janus like politicians and billionaires.

Sir Jim, you are every thing that is despicable about politics, Brexit and capitalism, you are A shining light to all of us.

leef44

4,410 posts

154 months

Friday 11th December 2020
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rastapasta said:
There should have been better tax incentives for him to choose wales. If he got a tax break for the first 10 odd years for example and then drop the corporation tax to below Irish levels. Then maybe his head could've been turned.
Your suggestion would be valid in a no-deal Brexit scenario. That is, level playing field rule would be out the window however when the deal was struck the expectation was that a deal would be struck so the above incentives would break EU compliance rules.

However, that aside, he was offered a turn-key manufacturing site which was a "distressed asset" to Mercedes. It wouldn't even had matter if that plant was in the UK, it would still be the right business decision over BridgeEnd.

anonymous-user

55 months

Sunday 13th December 2020
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Well, this is funny - passionate British Leaver reprises iconic British design, names it after his favourite British pub - and decides to build it in the EU.

Like that other Dyson hypocrite.

The sad thing is that ordinary decent leave voters were gulled by the lies of the Brexit elite, who, typically, are rich enough to be unaffected, no matter what happens.

All a side show though. It's still a fantastic piece of kit. I reckon I'll buy one.

Rumblestripe

2,961 posts

163 months

Monday 14th December 2020
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Hermeticist said:
Thank you, this made my night, extremely amusing: Panzergrenadier! So good I even joined the forum.
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.
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Sir Jim, you are every thing that is despicable about politics, Brexit and capitalism, you are A shining light to all of us.
All absolutely correct. Well said sir. (And welcome to the board!)

Maldini35

2,913 posts

189 months

Monday 14th December 2020
quotequote all
Rumblestripe said:
Hermeticist said:
Thank you, this made my night, extremely amusing: Panzergrenadier! So good I even joined the forum.
.
.
.
Sir Jim, you are every thing that is despicable about politics, Brexit and capitalism, you are A shining light to all of us.
All absolutely correct. Well said sir. (And welcome to the board!)
Seconded. Welcome

mike-v2tmf

779 posts

80 months

Monday 14th December 2020
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sam greenock said:
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Personally I hope every leave voting brexiteer suffers mightily for their gullibility, stupidity and little englander attitudes - you can be sure that the likes of Ratcliffe, Gove, Greasy-Mugg, Farage and the rest of the pirate crew won't be
Nice attitude ,

smn159

12,729 posts

218 months

Monday 14th December 2020
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mike-v2tmf said:
sam greenock said:
.

Personally I hope every leave voting brexiteer suffers mightily for their gullibility, stupidity and little englander attitudes - you can be sure that the likes of Ratcliffe, Gove, Greasy-Mugg, Farage and the rest of the pirate crew won't be
Nice attitude ,
The average leave voter is more likely to bear the brunt of any downside. I'm sure that it will someone else's fault when that happens though