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Post by zanygame on May 26, 2023 6:26:02 GMT
2) Again you fixate on dividends, and ignore what is actually being invested. Shareholders bring investment and then you pay back that investment with dividends. What are you going to replace it with? Magic interest free loans? The dividends have averaged about 4% per year, you going to borrow money cheaper than that? lol. We invest more than we ever did under nationalisation, and we invest more than anybody else in Europe, but you want to ignore that and just quote dividends out of context. So if you find dividends so morally wrong, I take it you don't have a pension because that would be hypocritical as they are funded by stock market investments. Shareholders do not put money in to invest. They put it in to get a return. They care not if that money comes from investment and improvement or from ripping off the customers. In this case their money was not invested, it was wasted and the water bills were raised to bring in the extra money. And still nothing was done other than using it to pay fat salaries and dividends to the investors. |
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Post by Pacifico on May 26, 2023 7:03:33 GMT
Aha the old it's all the fault of the plebs, they have it so good now they must pay more. Which incidentally has created a rise in interest rates which removes even more money from the economy and channels all their income into basic needs for living and creates a failing economy elsewhere. Meanwhile the water is still poisoned the country is more overcrowded and the whole situation is being expanded. Absolutely. If the government wants to stop people spending to control inflation, its a perfect time to raise the taxes needed to fix our water system. Instead they raise interest rates which takes money from those struggling and gives it to those who are rich. Its a stupid system. Stopping people spending so as to increase Government spending will stop inflation? - how does that work? |
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Post by zanygame on May 26, 2023 7:17:29 GMT
Absolutely. If the government wants to stop people spending to control inflation, its a perfect time to raise the taxes needed to fix our water system. Instead they raise interest rates which takes money from those struggling and gives it to those who are rich. Its a stupid system. Stopping people spending so as to increase Government spending will stop inflation? - how does that work? By taking money out of their pockets just like increasing interest rates. And its not increasing government spending, that money needs to be found anyway. If you prefer you can claim it to reduce government borrowing. Your turn. Increasing interest rates to slow public spending, how does that work when the inflation is caused by things the public have no choice but to buy. |
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Post by Pacifico on May 26, 2023 10:51:35 GMT
Stopping people spending so as to increase Government spending will stop inflation? - how does that work? By taking money out of their pockets just like increasing interest rates. And its not increasing government spending, that money needs to be found anyway. If you prefer you can claim it to reduce government borrowing. Your turn. Increasing interest rates to slow public spending, how does that work when the inflation is caused by things the public have no choice but to buy. Inflation is caused by too much demand chasing too little supply - rises in interest rates reduce demand for the available supply and thus bring inflation down. Example is if your mortgage goes up by £50 a month that is £50 that you no longer have to buy £5 coffees out of Starbucks and fast fashion from Primark. |
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Post by zanygame on May 26, 2023 17:11:53 GMT
By taking money out of their pockets just like increasing interest rates. And its not increasing government spending, that money needs to be found anyway. If you prefer you can claim it to reduce government borrowing. Your turn. Increasing interest rates to slow public spending, how does that work when the inflation is caused by things the public have no choice but to buy. - rises in interest rates reduce demand for the available supply and thus bring inflation down. Example is if your mortgage goes up by £50 a month that is £50 that you no longer have to buy £5 coffees out of Starbucks and fast fashion from Primark. Oh please you are not this stupid. I and everyone else know the theory of overheated economy, inflation and methods of cooling it down. I asked you a very specific question. |
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Post by Pacifico on May 26, 2023 21:30:52 GMT
Inflation is caused by too much demand chasing too little supply - rises in interest rates reduce demand for the available supply and thus bring inflation down. Example is if your mortgage goes up by £50 a month that is £50 that you no longer have to buy £5 coffees out of Starbucks and fast fashion from Primark. Oh please you are not this stupid. I and everyone else know the theory of overheated economy, inflation and methods of cooling it down. I asked you a very specific question. I just answered - didn't you read or understand?. Higher interest rates reduce demand thus lowering inflation. |
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Post by zanygame on May 26, 2023 22:03:59 GMT
Oh please you are not this stupid. I and everyone else know the theory of overheated economy, inflation and methods of cooling it down. I asked you a very specific question. I just answered - didn't you read or understand?. Higher interest rates reduce demand thus lowering inflation. My question was more specific. I asked Increasing interest rates to slow public spending, how does that work when the inflation is caused by things the public have no choice but to buy.
Penny to a pound you dodge again.
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Post by sheepy on May 27, 2023 6:40:17 GMT
I just answered - didn't you read or understand?. Higher interest rates reduce demand thus lowering inflation. My question was more specific. I asked Increasing interest rates to slow public spending, how does that work when the inflation is caused by things the public have no choice but to buy.
Penny to a pound you dodge again.
While they are lying through their back teeth by the way, inflation has dropped like was always going to happen when spring moves into summer as the use of gas and electric drops. They have drained resources from both sides of the fence. |
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Post by Pacifico on May 27, 2023 6:49:57 GMT
I just answered - didn't you read or understand?. Higher interest rates reduce demand thus lowering inflation. My question was more specific. I asked Increasing interest rates to slow public spending, how does that work when the inflation is caused by things the public have no choice but to buy.
Penny to a pound you dodge again.
Not sure what you mean by no choice - energy costs can be controlled (and are falling), food costs are a small part of the household budget, transport is a bit more of an issue but is also coming down. With core inflation being over 6% its obvious that controlling inflation by limiting demand has a place. |
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Post by sheepy on May 27, 2023 7:22:38 GMT
My question was more specific. I asked Increasing interest rates to slow public spending, how does that work when the inflation is caused by things the public have no choice but to buy.
Penny to a pound you dodge again.
Not sure what you mean by no choice - energy costs can be controlled (and are falling), food costs are a small part of the household budget, transport is a bit more of an issue but is also coming down. With core inflation being over 6% its obvious that controlling inflation by limiting demand has a place. How anyone can fall for any of this is beyond me, but hey ho, the plebs face a choice of being ripped off by Bankers or dodgy companies running utilities, while the only other answer is more tax. Any way the plebs turn somebody is trying to enslave them and they are being blamed for being told constant lies to keep the magic roundabout turning. |
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Post by zanygame on May 27, 2023 7:37:16 GMT
My question was more specific. I asked Increasing interest rates to slow public spending, how does that work when the inflation is caused by things the public have no choice but to buy.
Penny to a pound you dodge again.
Not sure what you mean by no choice - energy costs can be controlled (and are falling), food costs are a small part of the household budget, transport is a bit more of an issue but is also coming down. With core inflation being over 6% its obvious that controlling inflation by limiting demand has a place. Most people only buy the power and food they need, these are the items that have driven up inflation. Followed by wage rise demands to meet these costs. This is not inflation driven by a spending boom as anyone in business knows. The 6% core inflation is almost all wage rises, mostly in the public sector. So do tell me how raising interest rates will reverse that? Either way, the conventional system of increasing interest rates is outdated and daft. It was clearly an invented excuse to give more money to those who already have plenty. A far better way would be to take money from those who have plenty to spend and use it to reduce public debt. |
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Post by zanygame on May 27, 2023 7:41:09 GMT
On a separate note. You state energy costs are falling, I agree and I feel the wage demands should have been met with temporary increases to cover the rocketing but temporary food and fuel crises.
However 13 years of austerity meant many felt they were long overdue a wage increase anyway.
13 years of lower than inflation pay rises which allowed the government to..... Well you finish the sentence, I can't see any benefit that came from this.
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Post by Toreador on May 27, 2023 7:44:43 GMT
On a separate note. You state energy costs are falling, I agree and I feel the wage demands should have been met with temporary increases to cover the rocketing but temporary food and fuel crises. However 13 years of austerity meant many felt they were long overdue a wage increase anyway. 13 years of lower than inflation pay rises which allowed the government to..... Well you finish the sentence, I can't see any benefit that came from this. Will you reduce salaries in respect of falling energy costs? Did you know that people were given money to help with price rises? |
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Post by sheepy on May 27, 2023 7:53:58 GMT
On a separate note. You state energy costs are falling, I agree and I feel the wage demands should have been met with temporary increases to cover the rocketing but temporary food and fuel crises. However 13 years of austerity meant many felt they were long overdue a wage increase anyway. 13 years of lower than inflation pay rises which allowed the government to..... Well you finish the sentence, I can't see any benefit that came from this. Will you reduce salaries in respect of falling energy costs? Did you know that people were given money to help with price rises? Except nobody gives you money, it has to be repaid, also it was a way of pumping even more money into utility companies who took full advantage through an artificial war. Via commodity brokers making an absolute greed filled killing. Just saying. |
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Post by Toreador on May 27, 2023 7:58:55 GMT
Will you reduce salaries in respect of falling energy costs? Did you know that people were given money to help with price rises? Except nobody gives you money, it has to be repaid, also it was a way of pumping even more money into utility companies who took full advantage through an artificial war. Via commodity brokers making an absolute greed filled killing. Just saying. It wasn't just my money they were repaying it was from taxes paid by the likes of Zany being redistributed and those very same people will have to help refill the coffers. |
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