Sunday, March 3, 2013

Even the dead can’t afford somewhere to live!

More than 100 people buried at public expense in Exeter

Growing number of relative who can't afford to bury their loved ones - however, two of them left estates valued at £500,000-plus. Oxfam says: A spokesman for poverty charity Oxfam said: “It is very sad to see the poorest in our society hardest hit. “We need to see income being distributed more fairly if we are to make any impact on reducing levels of poverty. “If we carry on down this path the UK will return to inequality not seen since Victorian times.” We are already there aren't we... or at least soon will be.

Posted by stuartking @ 02:01 PM (2606 views)
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15 thoughts on “Even the dead can’t afford somewhere to live!

  • “What You Should Know About Inflation” Henry Hazlitt (1964) mises.org/story/2914

    And, since these burials are paid for via money borrowed from China (govt is broke), it will cause yet more inflation.

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  • How is China lending the UK money to pay for burials?

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  • Stuart, Local Authorities are not entirely funded by Council Tax and charges. They also get central government allowances.

    Central Government is not entirely funded by general taxation. They also borrow money from the Chinese by selling Gilts in the market-place, and they print money from thin air. Thus, some of the burial fees will have been from money borrowed from the Chinese, who own our ass.

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  • Show me where China has bought UK gilts… can’t find any record of that.

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  • Just google ‘gdp wage divergence’ and have a read, there are some good papers out there covering what is going on behind this.

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  • @Stuartking

    The following table comes from the UK Debt Management office Quarterly Review for October to December 2012.

    Image and video hosting by TinyPic

    Overseas gilt holdings are about 30% of the total but the DMO do not break this down by country.

    I’d be interested to see if Libertas can back up his assertion with numbers from a solid source but suspect that he’s describing the world as he thinks it should be rather than using emperical data – as usual.

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  • mark wadsworth says:

    Cemeteries and LVT is an interesting question – would there be LVT on cemeteries? And if so, would the descendants of dead people get a few quid extra LVT to pay towards the cost of a plot in perpetuity?

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  • Thank you, Quiet Guy, I was aware of the figures which is why I questioned where Libertas was getting his rather astonishing claims from. As usual, he’s wrong.

    Given the Swiss, Japan, EU countries and the USA are UK bond/gilt holders and the BoE has increased its QE since that table was compiled, his assertions that “these burials are paid for via money borrowed from China” and “some of the burial fees will have been from money borrowed from the Chinese, who own our ass” belong to the fantasy world only he inhabits.

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  • @7 Mark, I do think, given the sensitivity of the subject, an exemption for churchyards and cemeteries could be a ‘political’ move – don’t want to be accused of being a ‘grave-robber’.

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  • Odd that this story should come at the end of the week in which the Exeter Hospital auctioned off its mortuary buildings.

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  • From the Daily Mirror, February 16: http://www.mirror.co.uk/news/uk-news/david-cameron-visits-food-bank-1713785

    David Cameron has secretly visited a food bank – but sidestepped meeting anyone who relies on the vital handouts.

    In a cynical PR stunt, he finally bowed to repeated demands from MP and campaigners to see the impact of his policies on thousands of people.

    The PM slipped into a food bank in his Oxfordshire constituency last Saturday and made a second trip to a different foodbank on Friday.

    But Mr Cameron failed to meet any of the 250,000 people who rely on the handouts on either visit and shunned media requests to record the moment.

    I see Sky News has caught up with the story over the past, headlining it: “PM Meets Families Facing Poverty At Food Bank”.

    http://news.sky.com/story/1059288/pm-meets-families-facing-poverty-at-food-bank

    However, the people quoted on Sky’s website don’t mention meeting Cameron….

    It seems like more spin from the Fox News’s UK franchise

    Reply
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  • From the Daily Mirror, February 16: http://www.mirror.co.uk/news/uk-news/david-cameron-visits-food-bank-1713785

    David Cameron has secretly visited a food bank – but sidestepped meeting anyone who relies on the vital handouts.

    In a cynical PR stunt, he finally bowed to repeated demands from MP and campaigners to see the impact of his policies on thousands of people.

    The PM slipped into a food bank in his Oxfordshire constituency last Saturday and made a second trip to a different foodbank on Friday.

    But Mr Cameron failed to meet any of the 250,000 people who rely on the handouts on either visit and shunned media requests to record the moment.

    I see Sky News has caught up with the story over the past, headlining it: “PM Meets Families Facing Poverty At Food Bank”.

    http://news.sky.com/story/1059288/pm-meets-families-facing-poverty-at-food-bank

    However, the people quoted on Sky’s website don’t mention meeting Cameron….

    It seems like more spin from the Fox News’s UK franchise

    Reply
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  • stuartking said… “Show me where China has bought UK gilts… can’t find any record of that.’

    Oh Brother. Have you had your head stuck up Mervin King’s ass the past decade?!?!

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  • All I said was that some of it would come from borrowing, and some of that is borrowing from China!!!

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  • Libertas: “these burials are paid for via money borrowed from China ” and “the burial fees will have been from money borrowed from the Chinese, who own our ass”

    Some of the borrowing? Not what you were saying earlier, see above.

    Why didn’t you say money borrowed from the Swiss, USA or other European countries, or financial institutions, pensions funds, private individuals, or the Bank of England – who together have lent much more money than China could possibly have lent – if China has indeed bought any UK gilts/bonds? You have no evidence to show China has any UK bonds/gilts … still who needs evidence on Planet Libertass?

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