So Nick Clegg is talking rubbish again.

[robgmun]

I know the likes of XMoon and other wet left-wingers will agree with him but it looks like Nick Clegg is talking about stuff he doesn't know about again.

http://www.bbc.co.uk/news/uk-politics-19406022

Whats internesting is that the comments section is usually anti-rich and anti-banks and would normally agree with him, but today is seems the tide is turning people seem to be getting fed up of the "lets rape the rich" brigade

Nick doesn't have any credaibility left anyway and his party will particially disappear in the next elelction anyway

 

[robgmun]

I think even the most left-wing of posters will struggle to agree with him.

Unfortunatly as proved in the last election Stockhauen and XMoon wouldn't bat an eye-lid at a full blown communist government in the UK. It was quite an eye opener!

 

[robgmun]

[flameshield]
Personally I like the idea of a flat tax rate...
[/flameshield]

I think it's a great idea, abolish all TAX and have a 30% flat rate. That would make this country much richer in a single generation. But no one will ever have the balls to do it.

 

[robgmun]

I think he meant only on income tax, (I certainly did)

kd

Income and NI

Maybe reduce VAT to 15%

Agree with bablefish to have an allowance but 20K is far too high, more like 10-15K

 

[robgmun]

http://www.bloomberg.com/news/2012-...rich-french-are-leaving-france-les-echos.html

http://www.bloomberg.com/news/2012-...flee-from-hollande-s-rejection-of-wealth.html

Yes the new French PM is insane and a massive Hypocrite. 75 tax rate, trololol.

 

[robgmun]

The banks should be our main distributor of wealth, not the government but the problem is they are hoarding money to pay for all the fines and law suits that they are getting hit with.

In a fluid banking system where you have a society with savers and spenders the banks should be re-distributing the savers money to the spenders in the form of loans for business, mortgages etc etc whilst taking a profit which can be further re-invested in those that need it.

That's simply not happening and the wheels of the machine are running far too slow.

Isn't consistant borrowing is what got us into this ****** up mess in the first place?

 

[robgmun]

No, it was irrisponsible lending, Mainly in the US and banks from the UK bought the debts.

for a right winger im surprised you dont know its maggie T that got the UK to buy into buy now pay later...

Yeah i forgot, us the 99% have been forced to take out crippling loans and maxed out our credit cards at gun point by evil greedy bankers

Personal responsibility died the day Labour went to power in 97 IMO

 

[robgmun]

Personal responsibility died long before 1997 — It was Thatcher and Reagan that set the precedence. New Labour just continued the trend of less regulation and more lending/borrowing.

You really need to check your history books! Thatcher got us out of the last huge mess Labour left us in and advocated personal responsibility and not being dependent on the state. Labour threw money at eveything that moved until we were flat broke.

 

[robgmun]

I maybe proved wrong but I don't think the global economic crisis was caused by Joe Bloggs not paying his credit card bill or missing a mortgage payment.

If you boiled it down it was! Why were so many people taking out hugely bad mortgages that they couldn't afford in the US? "Living within your means" is an Alien concept to some people and they will never learn

As soon as this ressesion is over it will be the same people that will run up more huge debt they can't pay back.

I am Jacks lack of suprise, I am Jacks lack of sympathy

 

[robgmun]

do you really think that? if so you need to look back at some history.

the world economic crisis was mainly caused by US banks giving out stupid low % mortgages.....

I stopped reading there, as this fact is so wrong it leads me to believe you don't actually know what happened, the sunprime mortgages offered by Fannie Mae and Freddie Mac and the others were anything but low, in fact they were cripplingly high. The T&C and situation of the mortgages would trigger red warning lights and red flags to anyone that had half a brain.

Ultimate responsibility lies solely on the person signing on the dotted line. No if's, no buts, I know how some of you like to "blame the bankers" but there's a word that can be used so that you don't screw yourself over, it's NO, try it sometime when someone offers you a store card with 35% APR instead of scrambling for a pen.

 

[robgmun]

So the banks have no responsibility to lend serious amounts of money out sensibly?, what a crock of ****, the responsibility lays on the lender and the borrower imo, I've listened to a few 'American Life' podcasts on this topic and in America (and in the UK on a smaller scale) during the 'bubble' banks were practically giving money away to people who could noway afford to pay it back, that is irresponsible lending.

wow, just wow, speechless. You make it sound like the banks forced money into peoples pockets. No matter the rules of government, there was a simple defence mechanism to stop this, it's called your brain.

I need to go out and buy Shoes, Jeans, a new laptop etc. But i don't have the money this month, you know what? I don't want to use my credit card and i'll wait until next month when i can actually afford them!