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Greater Fool

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Everything posted by Greater Fool

  1. But no one will have the money to pay the plumbers and electricians top dollar to work on their houses if they are skint working for peanuts. They will just try their hand at doing DIY jobs themselves or get a mate of a mate to do it.
  2. It can't be far off when owning BTLs outside of a company are classed as "second homes" and liable for council tax at possibly double rates. It sounds like an easy tax grab under the umbrella of wealth tax.
  3. So what? My next door neighbour lived in the same house to 60 years but that doesn't make them a genius or worthy of some kind of special reverence.
  4. Correct me if I'm wrong, but what is so fantastic about what Buffett and Munger do (did)? Doesn't BH just buy the shares of other companies with other people's money rather than actually producing anything themselves?
  5. Entitled millennials buy house and cars to lead a lifestyle they can't afford, and now want some advice or someone to blame for their predicament. It's called "cutting you're cloth".
  6. If we rejoin it will be by the underhand "associate member" route Macron and Tony Blair are plotting.
  7. The watch market is tanking, check out the site. We can't be too far off when you can walk into a Rolex AD and actually buy a watch. https://watchcharts.com/watches/price_index
  8. Do you realise how much student landlords can make renting out HMOs? If you live in a student town you would appreciate the gargantuan scale of the mess that the local councils need to clear up several times a year which they are performing gratis to the landlords.
  9. I've no doubt there will be some in that situation, and a lot of them will be economic "refugees" taking advantage of the arbitrage opportunities, the open door policy the UK government has chosen makes no distinction.
  10. In what kind of parallel universe do we live in when HK'ers are classed as "asylum seekers"? For heavens sake people are moving from the UK to HK to work and set up businesses because the place is booming.
  11. At the very least student landlords should have to pay the council a service charge for providing refuse services etc. that is being subsidised by other taxpayers.
  12. All those poor and desperate refugees fleeing from Hong Kong to get to the UK eh? Turns out they are getting into BTL. Incidentally I saw an advert recently that was inviting people to actually go out to HK to work because the place is booming and they are desperate for more skilled workers.
  13. The Tories and "The Guvmunt" aren't involved in any of this. https://www.basicincomeconversation.org/ https://autonomy.work/funding/
  14. Which public sector workers "deserve to earn" 20-30% on top of their salary with the large employers' pension contribution is open to debate, some may, others don't, there are nearly 7 million of them.
  15. The employer contribution is the taxpayer, there is no way around that "it is costing" the taxpayer, the OBR are attempting to obfuscate this, the very high contribution rate in the public sector of 20-30% is off the scale of any industry standard. The LPGS are you mention is again still funded from a very high take of revenue from the taxpayer despite the fact they claim it's funded, it wouldn't be affordable with a industry standard contribution rate.
  16. The OBR's figures are wrong, they are ignoring the total tax payer cost of public sector pensions and focussing on the accounting cost. Public sector pensions are costing a lot more than 7.9 billion if you read the small print. If public sector pensions cost so little then why can't be all join in a state provided contribution based pension scheme similar to the French system?
  17. They were talking about taxing private schools to raise just 1 or 2 billion a year, even though it would have knock on costs to public sector education.
  18. True, but I predict the next big tax raid will be taxing capital gains and dividends at same rates as income tax. Maybe they will eye up big the pots of money in pensions and consider them as capital gains?
  19. Northern Beaches Hospital Sydney, so to make their point they choose a glamorous location which everyone will want to go to, will there be as many takers for the outback like Broken Hill Base Hospital?
  20. That figure from the OBR ignores the total contribution and it just the excess accounting cost of the projected cost. If the employer is offering a 25% contribution of salary it costs the taxpayer that amount, just because the employee is "entitled" to a ridiculously high contribution rate doesn't mean that its not funded as a cost to the taxpayer. The total cost to the taxpayer is £51 Billion not £8 billion. They also omit to say if the figures include the NHS and Civil service or local councils, Quangos, police, teachers etc. etc. so I strongly suspect the total cost of public sector pensions to the taxpayer is at least double £51 billion.
  21. It's similar in the USA, medical/dental students amassing $1 million in student loan debts to pay for the private university fees, but doctors here with £50k student debt think they are badly off and threaten to move to the US.
  22. Will this apply to corporates like Serco buying up HMOs to house the boat migrants for Government contracts?
  23. The hydrogen atoms are always joined to another pesky atom though. They don't exist on their own out in the universe, the only way to get some nice hydrogen atoms is to apply energy to break the bonds.
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