Comments on: Gideonics http://www.theliberati.net/quaequamblog/2007/08/16/gideonics/ “ferocity with a purpose” Sat, 13 Mar 2010 20:30:54 +0000 http://wordpress.org/?v=2.8.4 hourly 1 By: James Graham http://www.theliberati.net/quaequamblog/2007/08/16/gideonics/comment-page-1/#comment-82061 James Graham Fri, 17 Aug 2007 09:44:18 +0000 http://www.theliberati.net/quaequamblog/2007/08/16/gideonics/#comment-82061 Point one:"50-odd million people" live off welfare in the UK? In this universe? Come back to Earth and read what he actually said. Point two: that depends entirely on at what point he sold on. No-one is proposing to tax non-profits, but there are a lot of profits to be made selling on debt - just don't be the one who ends up owning it if it defaults. Point three: see my above post. The proposals announced in Redwood's paper today are ALL about lowering taxes for the rich and relatively well off. Point one:”50-odd million people” live off welfare in the UK? In this universe? Come back to Earth and read what he actually said.

Point two: that depends entirely on at what point he sold on. No-one is proposing to tax non-profits, but there are a lot of profits to be made selling on debt – just don’t be the one who ends up owning it if it defaults.

Point three: see my above post. The proposals announced in Redwood’s paper today are ALL about lowering taxes for the rich and relatively well off.

]]> By: Tristan Mills http://www.theliberati.net/quaequamblog/2007/08/16/gideonics/comment-page-1/#comment-82033 Tristan Mills Fri, 17 Aug 2007 07:51:43 +0000 http://www.theliberati.net/quaequamblog/2007/08/16/gideonics/#comment-82033 Come off it James. Firstly - it sounds to me more like a criticism of the current welfare state and the dependency culture it has developed not some attack on people who work hard being parasites. Secondly - <i>speculator who has been profiteering on the selling on of financial products based on unsecured loans to the poorest in society is creating wealth</i> - where did this come from? The people who make the loan lose money if you can't pay it back so I doubt they're making much money from it. Thirdly - <i>The conclusion is that the rich City stoke broker must pay less tax while the “recipient” (i.e. everyone else) should be prepared to make up the shortfall.</i> - Where does that come from? Nothing suggests that. They want to reduce the regulatory burden on business - that's great. Especially for small business. Have I missed them announce big tax cuts for the rich and rises for the poor? Come off it James.
Firstly – it sounds to me more like a criticism of the current welfare state and the dependency culture it has developed not some attack on people who work hard being parasites.
Secondly – speculator who has been profiteering on the selling on of financial products based on unsecured loans to the poorest in society is creating wealth – where did this come from? The people who make the loan lose money if you can’t pay it back so I doubt they’re making much money from it.
Thirdly – The conclusion is that the rich City stoke broker must pay less tax while the “recipient” (i.e. everyone else) should be prepared to make up the shortfall. – Where does that come from? Nothing suggests that. They want to reduce the regulatory burden on business – that’s great. Especially for small business. Have I missed them announce big tax cuts for the rich and rises for the poor?

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