Ukip candidate: 'Gay donkey tried to rape my horse'

[Ollie]

I see where you are coming from. However I understand it would take a miracle for my claim to work and only in a perfect .

 

[Bats]

Stop trying to fix capitalism. It's rubbish.

 

[jonnugget69]

It's not "more cash in the economy", it's the same amount of cash, just coming to people as a wage packet rather than an in-work dole packet. Purchasing power is the same so a wage-price spiral doesn't apply here, even if you accept that particular economic theory as true.

It will apply because companies need to have a certain level of profitability to remain solvent. And the economy needs them to do well. For every Apple and Google there are a multitude of SMEs Creating only small profit, or none at all. Even a large multi-national would be considered to be doing ok at 6/7% profit - so the extra cost will be borne by the consumer in the long run. Which might be Ok, because we can have an income tax cut from the savings we have just generated for taxpayer. But as I pointed out the ensuing price rises will be disproportionately worse for the poor, especially those unemployed.

The real unpalatable truth is that there will always be somewhere poor/less well off and that certain people will be able to get paid more for their more marketable skills. It's lesson to work hard at school I suppose, or be born a toff....

 

[technodup]

If a worker costs, say, £20k a year, and the employer only pays £10k, that's another £10k that society has to pay in stuff like housing benefits and working tax credits and stuff.

Society doesn't have to pay anything. Maybe if we stopped paying absurd housing benefits and mental tax credits employers would pay more, or if they don't the market could find lower cost solutions. It wasn't so long ago Glasgow was full of 'single ends'- a room and a kitchen for just those situations.

If your educational achievement, experience and wherewithal amounts to you earning £10k I'm not sure you should be expecting much out of life. And I certainly don't expect to pay for it.

 

[Mike Muz]

Re:

Anyway, back on track, has anyone seen that donkey?

 

[Bats]

[
It will apply because companies need to have a certain level of profitability to remain solvent. And the economy needs them to do well. For every Apple and Google there are a multitude of SMEs Creating only small profit, or none at all. Even a large multi-national would be considered to be doing ok at 6/7% profit - so the extra cost will be borne by the consumer in the long run. Which might be Ok, because we can have an income tax cut from the savings we have just generated for taxpayer. But as I pointed out the ensuing price rises will be disproportionately worse for the poor, especially those unemployed.

They said all that stuff before they brought minimum wage in, all sorts of horror stories from your wage-price spiral to companies just up and keeling over dead from unprofitability. Never happened.

Anyway, now. The magic thing is about wage/dole-price spirals is that if one happens and you refuse to increase the money supply, what you're actually doing is draining rich people's bank accounts at the speed of sound and rapidly narrowing the gap between rich and poor. No tears lost there.

 

[jonnugget69]

Re: Re:

Anyway, back on track, has anyone seen that donkey?

It's hiding amongst the nativities, waiting for its next victim....

 

[jonnugget69]

Anyway, now. The magic thing is about wage/dole-price spirals is that if one happens and you refuse to increase the money supply, what you're actually doing is draining rich people's bank accounts at the speed of sound and rapidly narrowing the gap between rich and poor. No tears lost there.

But with the unfortunate side effect of poor people queuing for bread...

 

[Bats]

I'd like to see how you reach that conclusion. It's not a hyper-inflation scenario, I specifically said if you don't increase the money supply. And neither of us have come to the bit what causes a bread shortage, either... It's specifically only disastrous to people who've got loads and loads and loads of money, and only because they're weirdos who think merely being middle class would be horrible.

I'm not a billionaire, you?

 

[Mike Muz]

Re:

He'll be waiting a long time. When have you ever seen a horse in a nativity?