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Johnny Vodka said:
Then society needs to go into emergency mode and concentrate on ensuring everyone has food, shelter and care. When society reboots, there must be a plan so no-one has been left behind, even if that means revolutionary resource and wealth redistribution.
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Look, people need to keep their mitts off other peoples' assets. A lot have squandered their income over their lifetimes having holidays and parties where others have done without and saved for a rainy day. I am all for taxing future wealth of very high earners (though this will not make a dent in the real demands) but you cannot go raiding peoples' assets just because there is now a need. If a lot of people had been more prudent instead of consuming everything they earn as is the modern way, they would have something now to fall back on. I will defend what I have from being taken from me with my life.
 
kimajy said:
Look, people need to keep their mitts off other peoples' assets. A lot have squandered their income over their lifetimes having holidays and parties where others have done without and saved for a rainy day. I am all for taxing future wealth of very high earners (though this will not make a dent in the real demands) but you cannot go raiding peoples' assets just because there is now a need. If a lot of people had been more prudent instead of consuming everything they earn as is the modern way, they would have something now to fall back on. I will defend what I have from being taken from me with my life.
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I agree with what you say, I read it more along lines of the like of 42 people who own ~50% of the worlds wealth.

Doesn't help that our current economic system is built on forever growth and consumption (mainly based on incurring debt)
 
MrHullMysterious said:
I agree with what you say, I read it more along lines of the like of 42 people who own ~50% of the worlds wealth.
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But these 42 people aren't consuming ~50% of the world's wealth they "own". They simply control it.

You will not have more butter on your bread if you raid them, and your wealth will not double if you take away all they own and redistribute it. So this "50%" figure is very misleading - these 42 guys aren't eating 50% of the world's bread.
 
tclubber said:
But these 42 people aren't consuming ~50% of the world's wealth they "own". They simply control it.

You will not have more butter on your bread if you raid them, and your wealth will not double if you take away all they own and redistribute it. So this "50%" figure is very misleading - these 42 guys aren't eating 50% of the world's bread.
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Its not about more butter on my bread imho, it's about a system where 99% contribute to the wealth but get broken systems in return.
I guess we are going off topic so I'll just leave it at that.

Interesting read though if want to see how big a pizza world wealth would make ?
waitbutwhy.com

What Could You Buy With $241 Trillion? — Wait But Why

If you combine every human's wealth together, you get $241 trillion. Let's see what that number looks like in cash, gold, potatoes, pizza, and tortoises.
waitbutwhy.com waitbutwhy.com
 
kimajy said:
Look, people need to keep their mitts off other peoples' assets. A lot have squandered their income over their lifetimes having holidays and parties where others have done without and saved for a rainy day. I am all for taxing future wealth of very high earners (though this will not make a dent in the real demands) but you cannot go raiding peoples' assets just because there is now a need. If a lot of people had been more prudent instead of consuming everything they earn as is the modern way, they would have something now to fall back on. I will defend what I have from being taken from me with my life.
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I'm careful too, but there are people who have more assets than they know what to do with, while other people have nothing. We can't keep taking (for example) land from nature - so everyone should have a right to a home, before 'the few' get their mitts on their third or fourth. I wouldn't say every rich person has fairly earned their money either. Then you have those who have power and influence and rig the system in their own favour, play games with tax systems so they don't give back to society, etc either. Sorry - I'm not going to have sympathy for people who think they have a 'right' to five homes and two yachts... (while other people, many who work hard, are screwed).
 
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mr_why said:
In the interests of balance, the response from Government to The Times article. Only the second time they ever done this ever.

Response to Sunday Times Insight article – Department of Health and Social Care Media Centre

News and updates from the Department of Health and Social Care media team
healthmedia.blog.gov.uk healthmedia.blog.gov.uk
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Interesting that a Rupert Murdoch owned paper has turned on the Tories after a decade of openly positive support (and a few years longer than that of positive coverage)

Intrigued what Boris has done to annoy the higher powers above.
 
Digital2013 said:
Interesting that a Rupert Murdoch owned paper has turned on the Tories after a decade of openly positive support (and a few years longer than that of positive coverage)

Intrigued what Boris has done to annoy the higher powers above.
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See also Piers Morgan - people now realising they were on the wrong side of history. If they swap sides, it's a calculated decision to save their own reputation, nowt to do with morals.
 
The speculation never ends :lol: >> https://metro.co.uk/2020/04/19/mens-testicles-harbour-coronavirus-12578779/?

Johnny Vodka said:
I'm careful too, but there are people who have more assets than they know what to do with, while other people have nothing. We can't keep taking (for example) land from nature - so everyone should have a right to a home, before 'the few' get their mitts on their third or fourth. I wouldn't say every rich person has fairly earned their money either. Then you have those who have power and influence and rig the system in their own favour, play games with tax systems so they don't give back to society, etc either. Sorry - I'm not going to have sympathy for people who think they have a 'right' to five homes and two yachts... (while other people, many who work hard, are screwed).
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Except taking away the 4 homes and one yacht from the rich guy isn't going to feed and house the millions of people on the council housing list is it ? It's more likely to add 10p a month to the pension pots of the nation's bin men. Raiding the pockets of the so-called "middle class", most of whom are in the private sector and just lost most of the value of their private pension life savings is what left leaning policies are much more likely to do in reality - i.e. taking from the just about haves to give to other just about haves (who have a welfare system underpinning them).

So unless you are talking about housing the millions of poor in Africa and Asia who are living in cardboard boxes and huts with IBR roofs that blow away every time there is a storm, and I spent 20 years of my life living in a country where that is the norm, I think the notion of inequality in developed countries is really the least of the world's problems. It is those people who really need to be helped over public sector workers in UK who are sitting on index linked pensions to cushion them for the rest of their lives.
 
kimajy said:
Look, people need to keep their mitts off other peoples' assets. A lot have squandered their income over their lifetimes having holidays and parties where others have done without and saved for a rainy day. I am all for taxing future wealth of very high earners (though this will not make a dent in the real demands) but you cannot go raiding peoples' assets just because there is now a need. If a lot of people had been more prudent instead of consuming everything they earn as is the modern way, they would have something now to fall back on. I will defend what I have from being taken from me with my life.
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Hear! Hear!

Sounds suspiciously like wealth redistribution to me ?

I would also rebel against that with the greatest of vigour.

I have made, and continue to make, many sacrifices in my life in order to provide for my family and better myself.

No quicker way to demotivate your country. There are plenty of examples of this very socialist model that is a total failure.

We have enough political corruption without letting them redistribute our hard earned money as they see fit, they already do enough of this through taxing.

Redistribution of wealth is the very essence of socialism. Anyone checked in on Venezuela recently?
 
Bold move from Merkel, the first time she's impressed me in ages.

She made a bit of cock up of that whole aligning with AFD scenario in Thuringia a few months ago, she could take some strength from this.


www.express.co.uk

Germany sends China £130bn bill for 'coronavirus damages'

GERMANY has rattled China by joining the UK, France and the US in a rare attack, after Berlin called out Beijing's responsibility for the global pandemic and a leading newspaper issued a £130bn invoice.
www.express.co.uk www.express.co.uk
 
If China tried to cover things up, they need to pay. Every country should make sure of that. Even if it wasn’t a coverup, they need to clean up their act. Get your hygiene standards up and get rid of the wet markets for crying out loud.
 
Interesting situation here. China has a lot of fingers in a lot of deep pies in Africa.

The CPC will be hoping Covid 19 doesn't hit Africa too hard, especially with some of the downright disgusting racism being shown in China towards black people recently.

If other African countries follow suit it could cause a real headache for China.

 
Digital2013 said:
Interesting that a Rupert Murdoch owned paper has turned on the Tories after a decade of openly positive support (and a few years longer than that of positive coverage)

Intrigued what Boris has done to annoy the higher powers above.
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I’m not convinced they are turning. Newspaper circulation has gone off a cliff since lockdown. They need sensation to get you clicking. I’d expect a lot more of this. They achieved what they needed to do. Get everting talking and clicking.
 
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mr_why said:
I’m not convinced they are turning. Newspaper circulation has gone off a cliff since lockdown. They need sensation to get you clicking. I’d expect a lot more of this. They achieved what they needed to do. Get everting talking and clicking.
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I’m really starting to loath some of the press (print, broadcast and online).

At a time when we need people to be calm, the media is picking up the stories which make things seem bad, and constantly repeating them. I can think of a few examples.

Worse, some of the media is in my view actively seeking to undermine government advice - point scoring in some cases. Agenda-driven in others: for example seeing an opportunity to politicise the Covid outbreak, with a view to seeing the fall of the government.

We obviously need a free press with a diversity of thought and opinion. But I think we also need the media to behave responsibly; to recognise and work towards the national interest. To support HMG even, in what is and should remain a non-political issue.

They can play at political influencing later when people have stopped dying.

Edit: I’m looking from a UK angle.
 
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