200p Posted June 21, 2010 Share Posted June 21, 2010 Wealth is a zero sum game. If someone loses, another becomes a winner. We cannot all be winners. Quote Link to comment Share on other sites More sharing options...
huw Posted June 21, 2010 Share Posted June 21, 2010 Its just a shame it'll hurt "C" along the way... That's true, however hurting C is a lesser evil than hurting yet-to-be-born D, E, F, ... (assuming any of this even works) Quote Link to comment Share on other sites More sharing options...
needsleep Posted June 21, 2010 Share Posted June 21, 2010 It's at times like this that the lyrics of Nick Berry can provide comfort. I'm convinced he knew something WE NEARLY MADE IT WE NEARLY FOUND THE PERFECT COMBINATION THE ROAD WAS RIGHT,WE MUST HAVE READ THE SIGNS WRONG AND NOW IT'S ALL GONE BUT IF WE'D MADE IT COULD WE BE SURE THAT IT WAS FOR THE BETTER WHO COULD SAY WE WOULD HAVE STAYED TOGETHER NOTHING IS CERTAIN IN A CHANGING WORLD EVERY LOSER WINS ONCE THE DREAM BEGINS IN TIME YOU'LL SEE, FATE HOLDS THE KEY AND EVERY LOSER KNOWS THE LIGHT THE TUNNEL SHOWS WILL SHINE ON YOU AND ALL THOSE WHO KNEW THAT WE COULD MAKE IT BUT SUDDENLY WE SEEMED TO STOP AND LOSE OUR WAY BUT DID IT REALLY MATTER ANYWAY FOR THAT WAS YESTERDAY AND WE MUST LIVE FOR NOW EVERY LOSER WINS ONCE THE DREAM BEGINS IN TIME YOU'LL SEE, FATE HOLDS THE KEY AND EVERY LOSER KNOWS THE LIGHT THE TUNNEL SHOWS WILL SHINE ON YOU AND ALL THOSE WHO KNEW THAT WE COULD MAKE IT STAND UP AND COUNT ME I KNOW YOUR ON MY SIDE SHINE DOWN ON ME AND THOSE WHO BELIEVE THAT WE COULD MAKE IT Quote Link to comment Share on other sites More sharing options...
Si1 Posted June 21, 2010 Share Posted June 21, 2010 Wealth is a zero sum game. If someone loses, another becomes a winner. We cannot all be winners. that is the most incorrect statement I have heard about the economy ever. congratulations. Quote Link to comment Share on other sites More sharing options...
Guest tbatst2000 Posted June 21, 2010 Share Posted June 21, 2010 I think this will be a historic budget that will be talked about for many years to come. I hope you're right because, if it isn't, the UK is f*cked. Quote Link to comment Share on other sites More sharing options...
Guest tbatst2000 Posted June 21, 2010 Share Posted June 21, 2010 w@nker. People like you are the main reason I rarely visit this site anymore. Wishing for affordable housing is one thing, wishing for societal collapse is another. I don't see the OP wishing for collapse, some nice cleansing pain maybe, not the end of the world though. Besides which, collapse is more likely to come if the budget isn't quite spectacular; anything less and gilt yields will head north very rapidly and we all know where that leads to. Quote Link to comment Share on other sites More sharing options...
Guest tbatst2000 Posted June 21, 2010 Share Posted June 21, 2010 that is the most incorrect statement I have heard about the economy ever. congratulations. Actually, right now, isn't it a negative sum game? Quote Link to comment Share on other sites More sharing options...
Si1 Posted June 21, 2010 Share Posted June 21, 2010 I don't see the OP wishing for collapse, some nice cleansing pain maybe, not the end of the world though. Besides which, collapse is more likely to come if the budget isn't quite spectacular; anything less and gilt yields will head north very rapidly and we all know where that leads to. he might be generalising about society - maybe he means private sector workers will be able to afford the local members golf club again and not just doctors and senior policemen - society will never be the same again Quote Link to comment Share on other sites More sharing options...
Si1 Posted June 21, 2010 Share Posted June 21, 2010 Actually, right now, isn't it a negative sum game? appropriately regulated capitalism = positive sum game, maybe 3% per year growth North Korea = perilously close to a negative sum game Quote Link to comment Share on other sites More sharing options...
Guest tbatst2000 Posted June 21, 2010 Share Posted June 21, 2010 he might be generalising about society - maybe he means private sector workers will be able to afford the local members golf club again and not just doctors and senior policemen - society will never be the same again Ugg, if it means I have to learn to play golf I recant my previous statements. A good walk ruined IMO. Quote Link to comment Share on other sites More sharing options...
Si1 Posted June 21, 2010 Share Posted June 21, 2010 Ugg, if it means I have to learn to play golf I recant my previous statements. A good walk ruined IMO. I'm a rambler myself so I agree I give it 3 terms (if they get that far) till we are roundly sick of the tory scum in the golf clubs Quote Link to comment Share on other sites More sharing options...
evictee Posted June 21, 2010 Share Posted June 21, 2010 w@nker. People like you are the main reason I rarely visit this site anymore. Wishing for affordable housing is one thing, wishing for societal collapse is another. You should save your venom for those who've arranged it so that we can't have one without the other. Quote Link to comment Share on other sites More sharing options...
getknk Posted June 21, 2010 Share Posted June 21, 2010 may be some are rich.. but for middle class people like me, affording house and rent is out of hand now.. bringing back the stability before this rapid rise in houseprice is what we wish for.. Quote Link to comment Share on other sites More sharing options...
Guest tbatst2000 Posted June 22, 2010 Share Posted June 22, 2010 appropriately regulated capitalism = positive sum game, maybe 3% per year growth North Korea = perilously close to a negative sum game Sure, I was having a laugh. Actually, the growth rate is currently +ve so I guess it's gone back to not being a -ve sum game again. I wonder how long that will last mind, I have a bad feeling that, whatever is done in the budget, there's a nasty second dip on the way for most of the world. Quote Link to comment Share on other sites More sharing options...
AskFrank Posted June 22, 2010 Share Posted June 22, 2010 Look, I've been dumped on by the housing boom just as much as anyone on here. That doesn't mean I actually wish pain on others just for the sake of it. I hope things are made fairer, though I doubt it will happen, I certainly don't see a conservative government as a cure all. The raw fact of the matter is you've been hurt and as a result you wish pain on others. I happen to think that is a really nast human trait. A common trait, but a nasty one none the less. Who is wishing pain on others? I don't think anyone has actually said that! Just because you want things to be fairer and to wipe the smirks off of other peoples' faces, does not mean I wish them pain! If it's painful for them to work within the new tax rules, then it's simply because they are greedy, perhaps because things have been too easy for them the past 5+ years! Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted June 22, 2010 Share Posted June 22, 2010 I have to admit to not sleeping that well last night - cream crackered this morning... I feel like a man who has to use a rock hammer to dig a tunnel out of his cell and ten crawl half a mile through a pipe of you know what to get out... Hope is a good thing... I live in Hope.. If this does not happen today the disappointment will be such that I think I will go and live in that town in Mexico... TMT in 'The Shawshank Redemption' mode. Quote Link to comment Share on other sites More sharing options...
pete.hpc Posted June 22, 2010 Share Posted June 22, 2010 Oh shut up please! For many of us the past 5+ years have been awful, watching gloating homeowners rave about how rich they are because their properties have at least doubled and sometimes tripled in value without lifting a finger, whilst going about and treating renters ( who in a lot of cases, work harder and include people like, doctors, accountants and lawyers) like scum! They sure took pleasure out of their luck and belittling others! So you are complaining if one or two of us have a moment of enjoyment whilst watching the budget tomorrow!? What goes up must come down, what goes around comes around ...you get the picture. The Conservatives will make things fair again. Amen Sister! From a purely personal and selfish point of view, it's been claimed that the cost to the average earner will be around 1000 per year. Seeing as my house deposit fund is growing by 2000 per month, this is a cost I can easily bear if it means getting this countries finances back in check. We all have to tighten our belts, but no-ones going to go hungry. Quit your whining and suck it up, especially anyone who has benefitted from Labour largesse including, but not limited to, middle class tax credits, a well paying public sector job, having your appalling mortgage decisions bailed out by everyone else, etc etc etc The Tories are about to make their second moves towards making Britain great again after 13 torrid years of Labour scum ruining everything. It's going to hurt a little, but we'll get through it The days of the BTL sheister are coming to an end, comrades. Affordable housing for anyone who's prepared to work hard and save! Quote Link to comment Share on other sites More sharing options...
sbn Posted June 22, 2010 Share Posted June 22, 2010 Over The Hedge........ Police Officer: Now you do realize that was a Depelter Turbo. Gladys: Officer, please. This Verminator sold it to me. Police Officer: Hey, hey, it was in your yard, your name's on the contract, so you can tell it to the judge. Gladys: Oh please, it's not my fault, let go of me don't do this to me... Police Officer: Ma'am... Gladys: [yelling] You can't do this to me! I am president of the Homeowners Association! As the Verminator says.... "Prepare for a lot of stinging" Quote Link to comment Share on other sites More sharing options...
fluffy666 Posted June 22, 2010 Share Posted June 22, 2010 that is the most incorrect statement I have heard about the economy ever. congratulations. When it comes to the financial sector, which simply shifts capital from one employment to another, it is pretty zero-sum. Unless it also takes credit for all of the productive activity derived from that capital. Quote Link to comment Share on other sites More sharing options...
Allthatglitters Posted June 22, 2010 Share Posted June 22, 2010 w@nker. People like you are the main reason I rarely visit this site anymore. Wishing for affordable housing is one thing, wishing for societal collapse is another. I have to agree. Quote Link to comment Share on other sites More sharing options...
fluffy666 Posted June 22, 2010 Share Posted June 22, 2010 Amen Sister! From a purely personal and selfish point of view, it's been claimed that the cost to the average earner will be around 1000 per year. Seeing as my house deposit fund is growing by 2000 per month, this is a cost I can easily bear if it means getting this countries finances back in check. We all have to tighten our belts, but no-ones going to go hungry. Quit your whining and suck it up, especially anyone who has benefitted from Labour largesse including, but not limited to, middle class tax credits, a well paying public sector job, having your appalling mortgage decisions bailed out by everyone else, etc etc etc The Tories are about to make their second moves towards making Britain great again after 13 torrid years of Labour scum ruining everything. It's going to hurt a little, but we'll get through it The days of the BTL sheister are coming to an end, comrades. Affordable housing for anyone who's prepared to work hard and save! Gain from 2 lots of personal allowance increase : £50/month (assuming it applies to NI as well) Loss from loss of tax credits : £45/month. I'm interested to see what they'll do about childcare. At the moment, there is a huge mess of nursery vouchers (6*2.5 hour sessions for over 3's), working tax credit, childcare element of tax credit and assorted salary sacrifice schemes. I'm just glad we are through the worst of this. Personally not too bothered about increases in VAT since it's an optional tax. Quote Link to comment Share on other sites More sharing options...
europbaron Posted June 22, 2010 Share Posted June 22, 2010 Sure, I was having a laugh. Actually, the growth rate is currently +ve so I guess it's gone back to not being a -ve sum game again. I wonder how long that will last mind, I have a bad feeling that, whatever is done in the budget, there's a nasty second dip on the way for most of the world. If that is the case then we will no doubt start hearing that "the dip is a global phenomenon that started in Greece." Quote Link to comment Share on other sites More sharing options...
Si1 Posted June 22, 2010 Share Posted June 22, 2010 When it comes to the financial sector, which simply shifts capital from one employment to another, it is pretty zero-sum. Unless it also takes credit for all of the productive activity derived from that capital. and that is the 2nd most incorrect statement I have heard about the economy ever. nice try jimlad. Quote Link to comment Share on other sites More sharing options...
fluffy666 Posted June 22, 2010 Share Posted June 22, 2010 and that is the 2nd most incorrect statement I have heard about the economy ever. nice try jimlad. Fair enough. How about 'Past a certain size, the financial sector exerts a negative influence on the rest of the economy by means of diverting capital from productive employment into progressively more complicated financial products, and thereby becomes negative sum'?. Quote Link to comment Share on other sites More sharing options...
Si1 Posted June 22, 2010 Share Posted June 22, 2010 Fair enough. How about 'Past a certain size, the financial sector exerts a negative influence on the rest of the economy by means of diverting capital from productive employment into progressively more complicated financial products, and thereby becomes negative sum'?. if you include a sub-clause about currying power with the government by giving them directorships then you might be spot on... Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.