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Gordon Browns Worst Ideas

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I like the fact that GB is reconsidering 24 hour drinking and casino expansion but several things get my goat:

1/ He keeps banging on about the wonders of home ownership just like Margaret Thatcher and just keeps on stating as a self evident fact that the growth of home ownership is a good thing. It is a complete delusion - other European countries function quite well with far less home ownership. Property ownership can be like a millstone around your neck and make mobility difficult as it makes relocating a lot of trouble..

2/ He keeps on banging on about Britishness and British values. I am all for good human values and mutual respect etc but there is no need to get nationalistic over this.

3/ His tax credit thing is a total joke and no one understands it

4/ His Private Finance Initiatve (PFI) thing is a joke.

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It's all got to bite him on the bum sooner or later though.

Some woman said there was no area of the country where there wasn't at least one protest about nhs cuts each week.

She blamed the accoutning system, PFI and loads of other things.

PFI seriously sucks.

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1/ He keeps banging on about the wonders of home ownership just like Margaret Thatcher and just keeps on stating as a self evident fact that the growth of home ownership is a good thing. It is a complete delusion - other European countries function quite well with far less home ownership. Property ownership can be like a millstone around your neck and make mobility difficult as it makes relocating a lot of trouble..

2/ He keeps on banging on about Britishness and British values. I am all for good human values and mutual respect etc but there is no need to get nationalistic over this.

Yep. Home ownership is overrated. I've heard that the victorians would normally rent,

even large estates were rented.They prefered to invest is the new industries of the day,

railways,steel , textiles etc. Apparently, a house bought in around 1810 would still fetch

the same price in 1910. So much for Thatcher's victorian values !!

You know things are bad when GB starts talking about patriotism, maybe because soon

that's all we have.

As Einstein said, "nationalism is a juvenile disease, the measles of mankind."

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I like the fact that GB is reconsidering 24 hour drinking and casino expansion but several things get my goat:

1/ He keeps banging on about the wonders of home ownership just like Margaret Thatcher and just keeps on stating as a self evident fact that the growth of home ownership is a good thing. It is a complete delusion - other European countries function quite well with far less home ownership. Property ownership can be like a millstone around your neck and make mobility difficult as it makes relocating a lot of trouble..

Yeah but he has loads of money. He doesn't understand things like this..... its not like he has a mortgage is it!?!?

2/ He keeps on banging on about Britishness and British values. I am all for good human values and mutual respect etc but there is no need to get nationalistic over this.

He is trying to do the opposite. British... ie not Scottish, English and Welsh e.t.c. IMHO

3/ His tax credit thing is a total joke and no one understands it

Its a joke to the people who pay tax, to the others its free money.

4/ His Private Finance Initiatve (PFI) thing is a joke.

No, its a nightmare. An off balance sheet way of making the brits even more in debt. The ONS recently told them to do something about it I think..... anyone know if they have? My guess it it will stay off balance sheet because the figures are so huge!

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PFI indebting future generations and failures such as Metronet, 50 years from now people will still be paying for that hospital or school

Regressive taxation such as fines for speeding, littering, parking, Rates for car tax, petrol duty, congestion charging . Rich person has no worries in paying fines, levies, and green taxes, poor suffer the most.

Making local councils responsible for more stuff so they have to increase Council tax which hit's the poor hardest and takes away responsibility from the central government for high rates

Fiscal Drag in not raising bands for taxation so more and more people get cauth by higher rates, and the poorest pay more tax every year.

Using pay rises in same way as Fiscal drag, cutting public sector workers wages yoy through below inflation pay rises.

Fiddling inflation figures to the point where banks or those dealing in reality no longer use them.

Spending more on consulants and outside advice than any other government, not trusting the civil service

Making house price increases the only growth sector in the UK

Removing Corporation Tax to make PE and debt based buyouts work

Juding future income using BP tax reciepts being a huge part of income which has now disappeared.

Not sure which are ideas but if he has an idea and does nothing we would never know about it. Some of the above is Tony Blair but who knows what is what, both are top members of New Labour so should be similar.

Fiscal drag is a good idea for him but the worst idea for everyone else, regressive taxation is the best idea for the rich and worst for the majority, PFI looks good on paper but costs several times as much in the long term and won't be compete for years, PE buyouts make everything look stable but the companies such as the AA lose 11,000 jobs, creating all new jobs in the public sector looks good for unemployment but now he can't afford to pay them. A

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In answer to the homeownership comment, Brown has to talk it up because the economy today is based on very little else than HPI and MEW.

He is the chief architect of the 'miracle' and therefore will be judged (as he knows only too well) once the huge pyramid selling scam comes crashing down to earth, therefore any chance he has of stoking a fire that is rapidly running out of fuel he will take.

Deep down I suspect he knows the huge flaws in his abysmal chancellorship but his hugely over inflated ego, enhanced power as PM and belief that he is some kind of righteous messiah presiding over the Great British people has him thinking on levels of grand delusion, not unlike (but less dramatic) a certain Mr J Stalin.

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3/ His tax credit thing is a total joke and no one understands it

Its a joke to the people who pay tax, to the others its free money.

....Gordos plan is to make the majority so dependent on the State they will not be able to afford to vote for anyone but Nulabour..... :o:o:o:P

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I like the fact that GB is reconsidering 24 hour drinking and casino expansion but several things get my goat:

1/ He keeps banging on about the wonders of home ownership just like Margaret Thatcher and just keeps on stating as a self evident fact that the growth of home ownership is a good thing. It is a complete delusion - other European countries function quite well with far less home ownership. Property ownership can be like a millstone around your neck and make mobility difficult as it makes relocating a lot of trouble..

2/ He keeps on banging on about Britishness and British values. I am all for good human values and mutual respect etc but there is no need to get nationalistic over this.

3/ His tax credit thing is a total joke and no one understands it

4/ His Private Finance Initiatve (PFI) thing is a joke.

PFI is such good value for money...the government taking out an effective I/O mortgage and then never even owning the building anyway :lol: ... typcial example near me in Essex of school being built, but they forgot to put it in an area where it would actually attract any pupils, and will shut 6 months later.

Guess who'll still be paying for it when the developers turn it into shops... :(

I hope this gets uncovered and published. The general population needs a :blink:

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I like the fact that GB is reconsidering 24 hour drinking and casino expansion but several things get my goat:

1/ He keeps banging on about the wonders of home ownership just like Margaret Thatcher and just keeps on stating as a self evident fact that the growth of home ownership is a good thing. It is a complete delusion - other European countries function quite well with far less home ownership. Property ownership can be like a millstone around your neck and make mobility difficult as it makes relocating a lot of trouble..

2/ He keeps on banging on about Britishness and British values. I am all for good human values and mutual respect etc but there is no need to get nationalistic over this.

3/ His tax credit thing is a total joke and no one understands it

4/ His Private Finance Initiatve (PFI) thing is a joke.

There's nothing wrong with encouraging home ownership per se - in fact, if people have a personal financial interest in the place and street where they live they are more likely to keep the place looking tidy and make an effort to contribute to the good order of the neighbourhood. What is wrong (apart from easy money) is the way that landlord tenant laws have been stacked in favour of the landlord. It was the ease with which a BTLetter could evict a tenant without suffering financial loss that made BTLetting into a speculative investment opportunity. Had 10 yr assured tenancies been the rule instead of the esception (and who can blame a LL for using the 6-month shorthold when it makes financial sense) you wouldn't have seen the type of speculative investment that has occurred in the last 10 years. A sitting tenant devalues a house by a considerable amount.

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Its a joke to the people who pay tax, to the others its free money.

....Gordos plan is to make the majority so dependent on the State they will not be able to afford to vote for anyone but Nulabour..... :o:o:o:P

Hasn't that always been the premise throughout history?! It's just been done one of two ways, either through tax credits malarkey or by physically employing them as a paper pusher or 'Child Integration Executive Co-Ordinator for North F*ckwitshire CC...starting wage 125k + more benefits than anyone in the private sector could shake a stick at'.

The only other way that El Gordo has done this is through the much doucmented Fiscal Drag & everyone else's indebtedness to our banking friends via mortgage repayments instead of through income tax.

Would be very interesting to see quite how disposable incomes post tax & direct living costs compared over the last 20 years. Anyone have a graph?

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There's nothing wrong with encouraging home ownership per se - in fact, if people have a personal financial interest in the place and street where they live they are more likely to keep the place looking tidy and make an effort to contribute to the good order of the neighbourhood. What is wrong (apart from easy money) is the way that landlord tenant laws have been stacked in favour of the landlord. It was the ease with which a BTLetter could evict a tenant without suffering financial loss that made BTLetting into a speculative investment opportunity. Had 10 yr assured tenancies been the rule instead of the esception (and who can blame a LL for using the 6-month shorthold when it makes financial sense) you wouldn't have seen the type of speculative investment that has occurred in the last 10 years. A sitting tenant devalues a house by a considerable amount.

btl and renting from a btl wouldnt be such a bad thing with a fixed to inflation rate 5 year tenancy.

its the 6 month turf out that ruins it.

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btl and renting from a btl wouldnt be such a bad thing with a fixed to inflation rate 5 year tenancy.

its the 6 month turf out that ruins it.

Ruins it for the tenant but makes it a very attractive proposition for a landlord. A no-penalty, cash-in your chips whenever you want after 6 months - what a deal!

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Its a joke to the people who pay tax, to the others its free money.

Tax credits are not even wonderful if you get them, you might have to pay them back in the future. Raising the level at which you pay income tax would be simpler and easier but will never happen.

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