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Post by zanygame on Nov 1, 2022 7:41:54 GMT
It would only be a win win if the money had to be invested in both green and local gas exploration. But its not, there is nothing to make them do so, that's just you wishful thinking. That is precisely the point - it is invested in energy production in the UK. If not they pay the windfall tax. Ok, can you show me where the government have stated these unexpected profits must be spent on gas exploration within UK borders? Not bonuses or payments to share holders or exploration on sites outside the UK.
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Post by Pacifico on Nov 1, 2022 7:47:54 GMT
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Post by The Squeezed Middle on Nov 1, 2022 8:22:40 GMT
Funny how so many want to punish profit. I wonder how many of them have private pensions which will be partly invested in the shares and bonds of the very same companies that they wish to tax to the hilt? Won't somebody think of the pensioners? I don't want to punish profit. I run a business. I want people not to make excess profits from a war. I note you keep dodging that.
I'm not dodging anything. Profit's profit.
What about arms companies? It's their job to make money from war.
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Post by jaydee on Nov 4, 2022 8:22:24 GMT
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Post by dodgydave on Nov 5, 2022 2:55:49 GMT
Since water privatization the UK invests more than any other country in Europe. What's more, the investment brought in far outweighs the amount of dividends paid. I've linked the report on this many times, but you always conveniently forget / ignore it. For somebody that wants independence, you have a shit grasp on finance. A company has to borrow money somehow. It either gets loans and pays interest, or it issues shares and pays dividends. But but but they can use their profits to finance investment. That is complete bullshit, with nationalisation the prices become political, and everything ends up being loss making and relies on massive taxpayer subsidy. Underfunding occurs, and you end up with a massive legacy problem like with our sewers, that will cost £600b to fix. Are you going to claim the £600b sewer problems didn't happen under nationalisation? lol Like all your posts, you point to problems and offer zero context or nuance.
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Post by zanygame on Nov 5, 2022 8:16:10 GMT
Since water privatization the UK invests more than any other country in Europe. What's more, the investment brought in far outweighs the amount of dividends paid. I've linked the report on this many times, but you always conveniently forget / ignore it. For somebody that wants independence, you have a shit grasp on finance. A company has to borrow money somehow. It either gets loans and pays interest, or it issues shares and pays dividends. But but but they can use their profits to finance investment. That is complete bullshit, with nationalisation the prices become political, and everything ends up being loss making and relies on massive taxpayer subsidy. Underfunding occurs, and you end up with a massive legacy problem like with our sewers, that will cost £600b to fix. Are you going to claim the £600b sewer problems didn't happen under nationalisation? lol Like all your posts, you point to problems and offer zero context or nuance. Can I just remind you that alongside the privatisation of the water companies was a 40% increase in the charges. Not that's what I call a profit increase. If my business could get a government guaranteed 40% increase in prices we would see huge amounts of inward investment. Now that's a really non-shit grasp of finance. Don't yer know. Not sure if the £600b sewer problems would have happened under a nationalised water service, had they been allowed to increase their prices by 40%. But I think its worth considering. www.archives.gov.on.ca/en/e_records/walkerton/part2info/partieswithstanding/pdf/CUPE18UKwater.pdfThis makes a good read if you're really interested.
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Post by Pacifico on Nov 5, 2022 8:33:17 GMT
Since water privatization the UK invests more than any other country in Europe. What's more, the investment brought in far outweighs the amount of dividends paid. I've linked the report on this many times, but you always conveniently forget / ignore it. For somebody that wants independence, you have a shit grasp on finance. A company has to borrow money somehow. It either gets loans and pays interest, or it issues shares and pays dividends. But but but they can use their profits to finance investment. That is complete bullshit, with nationalisation the prices become political, and everything ends up being loss making and relies on massive taxpayer subsidy. Underfunding occurs, and you end up with a massive legacy problem like with our sewers, that will cost £600b to fix. Are you going to claim the £600b sewer problems didn't happen under nationalisation? lol Like all your posts, you point to problems and offer zero context or nuance. Can I just remind you that alongside the privatisation of the water companies was a 40% increase in the charges. Not that's what I call a profit increase. If my business could get a government guaranteed 40% increase in prices we would see huge amounts of inward investment. Now that's a really non-shit grasp of finance. Don't yer know. Not sure if the £600b sewer problems would have happened under a nationalised water service, had they been allowed to increase their prices by 40%. But I think its worth considering. Scottish water was never privatised and their sewage problem is worse than ours. I'm not convinced that it makes a blind bit of difference who actually owns the system (Wales has a government owned not for profit company which has the same problems as Scotland and England). What does make a difference is the level of investment and the whole reason that we privatised the system is that various governments going back over decades had refused to invest. In theory the welsh system should be the best - it removes the political control under a nationalised system and removes the profit element under a privatized system. Unfortunately in reality it doesn't change anything..
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Post by zanygame on Nov 5, 2022 8:39:46 GMT
Can I just remind you that alongside the privatisation of the water companies was a 40% increase in the charges. Not that's what I call a profit increase. If my business could get a government guaranteed 40% increase in prices we would see huge amounts of inward investment. Now that's a really non-shit grasp of finance. Don't yer know. Not sure if the £600b sewer problems would have happened under a nationalised water service, had they been allowed to increase their prices by 40%. But I think its worth considering. Scottish water was never privatised and their sewage problem is worse than ours. I'm not convinced that it makes a blind bit of difference who actually owns the system (Wales has a government owned not for profit company which has the same problems as Scotland and England). What does make a difference is the level of investment and the whole reason that we privatised the system is that various governments going back over decades had refused to invest. In theory the welsh system should be the best - it removes the political control under a nationalised system and removes the profit element under a privatized system. Unfortunately in reality it doesn't change anything.. Have Scottish water been given a 40% increase in water rates?
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Post by jaydee on Nov 5, 2022 9:04:00 GMT
Since water privatization the UK invests more than any other country in Europe. What's more, the investment brought in far outweighs the amount of dividends paid. I've linked the report on this many times, but you always conveniently forget / ignore it. For somebody that wants independence, you have a shit grasp on finance. A company has to borrow money somehow. It either gets loans and pays interest, or it issues shares and pays dividends. But but but they can use their profits to finance investment. That is complete bullshit, with nationalisation the prices become political, and everything ends up being loss making and relies on massive taxpayer subsidy. Underfunding occurs, and you end up with a massive legacy problem like with our sewers, that will cost £600b to fix. Are you going to claim the £600b sewer problems didn't happen under nationalisation? lol Like all your posts, you point to problems and offer zero context or nuance. Well one thing is for sure. Your shit grasp on economics is that you pay to drink your own. It is 70% foreign owned that is where the profit goes. And water is not privatised in the UK. It is privatised in England. It operates on a not for profit basis in Scotland paid for by local authority rates. . In terms of your garbage about investment. As I type.. Every day England foreign owned companies supply 2.6 billion litres of water, . Nearly 25% of that figure equates to 605 million litres of water a day, based on a three-year average is lost due to leaks. So stop ranting undiluted garbage about sooper dooper investment . And those companies do not giver a rats crap about sorting the leaks. Or you. You are at the good bit matey. Within 25 years. England is going to run out of water. You will have two choices. Desalination. Which going by cost in California. You will get about 100 gallons for around $2 to $5. To put that in perspective. Cold storage in the attic holds around 60 gallons You give me your figure. You are the self deluded expert with the answers to all the problems . Or buy it from energy rich Scotland. And before you go on your idiotic rant about anti English. The prediction are from your own countrymen. And for your information. Re the most precious commodity in the universe. There is more fresh water in Loch Ness alone. Than the entire UK, that includes Scotland put together. Take Loch Ness out of the equation and the same applies to Loch Lomond. Take those two out of the equation and the same applies to Loch Katrine which supplies Glasgow. Now which part of that is zero context or nuance. As you rant garbage about UK water. There is no such thing. And everything I post is wrong. Or have they offered zero context and anti English as well. I see absolutely no correction coming from you . Stick to being a apologist for the present wankers in government. Who are more interested in Shareholders, than you. And with all this tooth fairy investment with 25% of the water being lost daily, you talk about. You still have to pay to drink your own excrement. What ever spin you put on it. inews.co.uk/news/environment/england-run-out-of-water-25-years-scotland-is-the-answer-270651www.heraldscotland.com/news/18890231.pipe-dream-ministers-block-boris-johnson-inspired-bid-export-scots-water-england/www.seelochlomond.co.uk/discover/loch-katrine
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Post by Pacifico on Nov 5, 2022 11:43:59 GMT
Scottish water was never privatised and their sewage problem is worse than ours. I'm not convinced that it makes a blind bit of difference who actually owns the system (Wales has a government owned not for profit company which has the same problems as Scotland and England). What does make a difference is the level of investment and the whole reason that we privatised the system is that various governments going back over decades had refused to invest. In theory the welsh system should be the best - it removes the political control under a nationalised system and removes the profit element under a privatized system. Unfortunately in reality it doesn't change anything.. Have Scottish water been given a 40% increase in water rates? Dont know but Scottish water prices are around the average of English prices so the type of ownership seems irrelevant. WHO’S PAYING MOST FOR WATER BILLS IN BRITAIN AND HOW DOES WALES COMPARE?
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Deleted
Deleted Member
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Post by Deleted on Nov 5, 2022 12:05:24 GMT
Many, both on the Right and on the Left cannot see common sense
Too many people on the Left ( usually the Momentum types or Corbynites ) seem to think "profit" is a dirty word, and too many people on the Right fail spectacularly to see the JUST cause for limited or "one-off" Windfall Taxes.
Lets take the case of "Shell" which is on course to make record profits this year of £40 BILLION
Ben Vanbeurden, the Chief Executive of Shell has publically stated that it would be totally understandable if governments imposed a tax on excessive profits in order to help struggling citizens, in particular the most vulnerable in society.
When the next general election comes - I would like every elector to remember that instead of surcharging excessive profits in order to help people, the Conservative government decided instead to BORROW money to pay for tax cuts. The tax cuts which would offer little or no help what so ever to low income people and families, but the burdon of extra National Debt would no doubt have been put on their shoulders.
Same old Tories
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Post by zanygame on Nov 5, 2022 14:03:11 GMT
Thanks Pacifico. Hard to judge as I don't know whether it costs more to supply water in Scotland. On the one hand you have plentiful supply, on the other you have a smaller population spread over a larger area with lots of hills.
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Post by dodgydave on Nov 5, 2022 14:44:34 GMT
Since water privatization the UK invests more than any other country in Europe. What's more, the investment brought in far outweighs the amount of dividends paid. I've linked the report on this many times, but you always conveniently forget / ignore it. For somebody that wants independence, you have a shit grasp on finance. A company has to borrow money somehow. It either gets loans and pays interest, or it issues shares and pays dividends. But but but they can use their profits to finance investment. That is complete bullshit, with nationalisation the prices become political, and everything ends up being loss making and relies on massive taxpayer subsidy. Underfunding occurs, and you end up with a massive legacy problem like with our sewers, that will cost £600b to fix. Are you going to claim the £600b sewer problems didn't happen under nationalisation? lol Like all your posts, you point to problems and offer zero context or nuance. Well one thing is for sure. Your shit grasp on economics is that you pay to drink your own. It is 70% foreign owned that is where the profit goes. And water is not privatised in the UK. It is privatised in England. It operates on a not for profit basis in Scotland paid for by local authority rates. . In terms of your garbage about investment. As I type.. Every day England foreign owned companies supply 2.6 billion litres of water, . Nearly 25% of that figure equates to 605 million litres of water a day, based on a three-year average is lost due to leaks. So stop ranting undiluted garbage about sooper dooper investment . And those companies do not giver a rats crap about sorting the leaks. Or you. You are at the good bit matey. Within 25 years. England is going to run out of water. You will have two choices. Desalination. Which going by cost in California. You will get about 100 gallons for around $2 to $5. To put that in perspective. Cold storage in the attic holds around 60 gallons You give me your figure. You are the self deluded expert with the answers to all the problems . Or buy it from energy rich Scotland. And before you go on your idiotic rant about anti English. The prediction are from your own countrymen. And for your information. Re the most precious commodity in the universe. There is more fresh water in Loch Ness alone. Than the entire UK, that includes Scotland put together. Take Loch Ness out of the equation and the same applies to Loch Lomond. Take those two out of the equation and the same applies to Loch Katrine which supplies Glasgow. Now which part of that is zero context or nuance. As you rant garbage about UK water. There is no such thing. And everything I post is wrong. Or have they offered zero context and anti English as well. I see absolutely no correction coming from you . Stick to being a apologist for the present wankers in government. Who are more interested in Shareholders, than you. And with all this tooth fairy investment with 25% of the water being lost daily, you talk about. You still have to pay to drink your own excrement. What ever spin you put on it. inews.co.uk/news/environment/england-run-out-of-water-25-years-scotland-is-the-answer-270651www.heraldscotland.com/news/18890231.pipe-dream-ministers-block-boris-johnson-inspired-bid-export-scots-water-england/www.seelochlomond.co.uk/discover/loch-katrine Hahaha again with the zero context data. Leaks are A THIRD less since privatisation, and far lower than many EU countries. Oh dear look, Scotland loses 30.2% to leaks hahahahaha. www.taxpayersalliance.com/renationalisation_of_water_industry_won_t_wash_away_problemsScotland "way behind England" on tackling sewage leaks hahahaha: theferret.scot/scotland-behind-england-sewage-leaks/
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Post by dodgydave on Nov 5, 2022 14:52:40 GMT
Since water privatization the UK invests more than any other country in Europe. What's more, the investment brought in far outweighs the amount of dividends paid. I've linked the report on this many times, but you always conveniently forget / ignore it. For somebody that wants independence, you have a shit grasp on finance. A company has to borrow money somehow. It either gets loans and pays interest, or it issues shares and pays dividends. But but but they can use their profits to finance investment. That is complete bullshit, with nationalisation the prices become political, and everything ends up being loss making and relies on massive taxpayer subsidy. Underfunding occurs, and you end up with a massive legacy problem like with our sewers, that will cost £600b to fix. Are you going to claim the £600b sewer problems didn't happen under nationalisation? lol Like all your posts, you point to problems and offer zero context or nuance. Can I just remind you that alongside the privatisation of the water companies was a 40% increase in the charges. Not that's what I call a profit increase. If my business could get a government guaranteed 40% increase in prices we would see huge amounts of inward investment. Now that's a really non-shit grasp of finance. Don't yer know. Yes it went up 40% and it has stayed pretty much at that level. There's a £600b legacy problem, do you think they were charging a sufficient amount under nationalisation? lol. If you think water privatisation hasn't been a good thing then you are an idiot. Speak to anybody that works in the industry and they will tell you how it has been transformed. Pointing to a problem with zero context doesn't prove anything other than you have zero grasp on the realities. It is a fact that we now invest more than anybody else in Europe, leaks are down a third and well below European averages, our drinking water is excellent, and we have cleaned up once dead rivers and foul beaches. Yes, there is still a massive legacy problem with our sewage pipes. Are you willing to pay more to get it fixed quicker? Not that it would help much, it takes decades to actually do £600b worth of work!!
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Post by Pacifico on Nov 5, 2022 15:16:51 GMT
Many, both on the Right and on the Left cannot see common sense Too many people on the Left ( usually the Momentum types or Corbynites ) seem to think "profit" is a dirty word, and too many people on the Right fail spectacularly to see the JUST cause for limited or "one-off" Windfall Taxes.Lets take the case of "Shell" which is on course to make record profits this year of £40 BILLION We had a 'one-off' windfall tax on Shell 6 months ago - now you are suggesting the government goes back for 2nd bite at the cherry. ...and next year it will be a 3rd...and then a 4th...
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