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Forked tongue?
Topic Started: Oct 2 2014, 07:14 AM (3,880 Views)
RJD
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Prudence and Thrift
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Quote:
 
Iain Duncan Smith’s disclosure that the teething problems have been resolved and that the Universal Credits system will be rolled out across the country ahead of the election was momentous. Many critics, not just on the Left, cheerfully predicted that Mr Duncan Smith’s welfare reforms would fail. They are now irreversible, and as a result Mr Cameron’s Coalition will be able to claim a place among Britain’s great reforming governments.


Well considered the claims made in the lefty Press, bloggers and here one would think he has not a snowball in Hell's chance of achieving that objective. We will see if he meets his milestone, but he is correct in one claim and that is no future Gov. is going to unpick this system and as a consequence he will be able to claim he inflicted the reform welcomed by the vast majority, the next step for a new Gov. must be to make further inroads against those barriers to making work always a first choice.
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Lewis
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Tytoalba
Oct 19 2014, 10:39 AM
Lewis
Oct 19 2014, 07:09 AM
RJD
Oct 14 2014, 11:51 AM
Tytoalba
Oct 14 2014, 11:35 AM

Quoting limited to 4 levels deep
I do not understand why you think morality can be weighed in such a way, surely it warrants some absoluteness? My claim is that the welfare reforms have a basis in morality, that the cost implications here are not paramount and as such it matters not whether this view is mouthed by a card carrying Trott or a Tory. Mr Smurf has a obligation on a debating forum to rise to the challenge and present his arguments to show that such reforms are immoral as he claims. Unfortunately he prefers to alley himself with the emotional ignoramuses, avoid the debate and seek to sully the reputations of those that do not follow his dogma. Not an unusual but none the less nasty trick we see far too often from those that wish to avoid reasoned debate.
Reasoned debate in your diatribes? I see no evidence of that. A great pity you put into practice little of what you preach.
Thats just confontational without a reasoned response, the bane of these boards, as Papa has discovered. Address the post not the poster is the ideal.
How can a statement of fact be considered confrontational? Except perhaps by those who dislike the truth, maybe.
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RJD
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Lewis
Oct 19 2014, 07:09 AM
RJD
Oct 14 2014, 11:51 AM
Tytoalba
Oct 14 2014, 11:35 AM
papasmurf
Oct 13 2014, 12:09 PM

Quoting limited to 4 levels deep
Im a Tory party member Papa. raised a Christian with Christian values, and I think my morals are equal to your own, though my level of emotional involvement will never be the same as yours.
To accuse people who are Tories of immorality is to take a very narrow view on life itself, and taking into acount the numbers who support them or are members of the party makes the suggestion that they lack morality, irrational.
I just happen to think that individual good has to take second place to the common good, for without the one you cannot have the other.
That does not mean that considertion , care and asistance should not be given to all those in need of it, but we know from experience that the level given will never meet the needs or expectations of all.
I do not understand why you think morality can be weighed in such a way, surely it warrants some absoluteness? My claim is that the welfare reforms have a basis in morality, that the cost implications here are not paramount and as such it matters not whether this view is mouthed by a card carrying Trott or a Tory. Mr Smurf has a obligation on a debating forum to rise to the challenge and present his arguments to show that such reforms are immoral as he claims. Unfortunately he prefers to alley himself with the emotional ignoramuses, avoid the debate and seek to sully the reputations of those that do not follow his dogma. Not an unusual but none the less nasty trick we see far too often from those that wish to avoid reasoned debate.
Reasoned debate in your diatribes? I see no evidence of that. A great pity you put into practice little of what you preach.
Of course you do not Lewis, neither were you expected to. You cannot even recognise the hypocrisy of your position wrt to public sector deficit and the national debt, so I guess one should not expect too much from you. But if for one moment you could decouple your mind from it,s addiction to blind dogma you might find a challenge, a moral one,worth addressing in my posting. Continued avoidance of the question by the left is telling, it is a sort of collective denial.
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Lewis
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RJD
Oct 20 2014, 07:07 AM
Lewis
Oct 19 2014, 07:09 AM
RJD
Oct 14 2014, 11:51 AM
Tytoalba
Oct 14 2014, 11:35 AM

Quoting limited to 4 levels deep
I do not understand why you think morality can be weighed in such a way, surely it warrants some absoluteness? My claim is that the welfare reforms have a basis in morality, that the cost implications here are not paramount and as such it matters not whether this view is mouthed by a card carrying Trott or a Tory. Mr Smurf has a obligation on a debating forum to rise to the challenge and present his arguments to show that such reforms are immoral as he claims. Unfortunately he prefers to alley himself with the emotional ignoramuses, avoid the debate and seek to sully the reputations of those that do not follow his dogma. Not an unusual but none the less nasty trick we see far too often from those that wish to avoid reasoned debate.
Reasoned debate in your diatribes? I see no evidence of that. A great pity you put into practice little of what you preach.
Of course you do not Lewis, neither were you expected to. You cannot even recognise the hypocrisy of your position wrt to public sector deficit and the national debt, so I guess one should not expect too much from you. But if for one moment you could decouple your mind from it,s addiction to blind dogma you might find a challenge, a moral one,worth addressing in my posting. Continued avoidance of the question by the left is telling, it is a sort of collective denial.
Yet the same old hypocritical insults, no change there then. Still no sign of any understanding of things relating to the economy. Typical blinkered attitude of the right wing extremist view. Do you think that I would ever take any notice of you anyway. Oh and who are you accusing of be of the 'left'. Can't be me of course, for politically I occupy the centre ground.
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RJD
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Lewis
Oct 20 2014, 07:12 AM
RJD
Oct 20 2014, 07:07 AM
Lewis
Oct 19 2014, 07:09 AM
RJD
Oct 14 2014, 11:51 AM

Quoting limited to 4 levels deep
Reasoned debate in your diatribes? I see no evidence of that. A great pity you put into practice little of what you preach.
Of course you do not Lewis, neither were you expected to. You cannot even recognise the hypocrisy of your position wrt to public sector deficit and the national debt, so I guess one should not expect too much from you. But if for one moment you could decouple your mind from it,s addiction to blind dogma you might find a challenge, a moral one,worth addressing in my posting. Continued avoidance of the question by the left is telling, it is a sort of collective denial.
Yet the same old hypocritical insults, no change there then. Still no sign of any understanding of things relating to the economy. Typical blinkered attitude of the right wing extremist view. Do you think that I would ever take any notice of you anyway. Oh and who are you accusing of be of the 'left'. Can't be me of course, for politically I occupy the centre ground.
Another self proclaimed sitter on the centre ground. Lewis you are so full of loathing you have absolutely no idea in what you believe other than that there is nothing good in this Gov and all those that support them must be evil as they do not reflect your distorted image of self righteousness. Your contribution here is mainly unsubstantiated bile which I put down as a call for attention.
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Affa
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RJD
Oct 20 2014, 07:37 AM

there is nothing good in this Gov and all those that support them must be evil

That does it for me!
Although I would have chose the word 'Ruthless' instead of evil .........

http://www.oxforddictionaries.com/definition/english/ruthless

Having or showing no pity or compassion for others:
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RJD
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Affa
Oct 20 2014, 12:41 PM
RJD
Oct 20 2014, 07:37 AM

there is nothing good in this Gov and all those that support them must be evil

That does it for me!
Although I would have chose the word 'Ruthless' instead of evil .........

http://www.oxforddictionaries.com/definition/english/ruthless

Having or showing no pity or compassion for others:
Funny one can turn this completely upside down and claim that the evil ones are those that do their level best to destroy the potential opportunities for real jobs for those unemployed. The selfish lot, the One Marshmallows, do not wish to create they only wish to take and if denied they consider those that resist to be evil. Silly is it not?

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papasmurf
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RJD
Oct 20 2014, 01:32 PM
the evil ones are those that do their level best to destroy the potential opportunities for real jobs for those unemployed.
That would be the Tories.
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Affa
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RJD
Oct 20 2014, 01:32 PM
Affa
Oct 20 2014, 12:41 PM
RJD
Oct 20 2014, 07:37 AM

there is nothing good in this Gov and all those that support them must be evil

That does it for me!
Although I would have chose the word 'Ruthless' instead of evil .........

http://www.oxforddictionaries.com/definition/english/ruthless

Having or showing no pity or compassion for others:
Funny one can turn this completely upside down ......... Silly is it not?


Of course it is silly!
So why do you try to do it?
I have mentioned the Beveridge report several times. That report paved the way for what has become the Welfare State. Why it was conceived is entirely to contradict what you attempt to say when 'turning things upside down'.

The simple fact is that before that change unemployment, illiteracy, ill health, and homelessness were all rife in this Capitalist country.
They were called Giant Evils ...... and eradicated. The death of Evil, evil you will now deny was ever your motive.

I corrected a typo 'thongs', and no it wasn't a Freudian slip.

Edited by Affa, Oct 20 2014, 03:44 PM.
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RJD
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Affa
Oct 20 2014, 03:40 PM
RJD
Oct 20 2014, 01:32 PM
Affa
Oct 20 2014, 12:41 PM
RJD
Oct 20 2014, 07:37 AM

there is nothing good in this Gov and all those that support them must be evil

That does it for me!
Although I would have chose the word 'Ruthless' instead of evil .........

http://www.oxforddictionaries.com/definition/english/ruthless

Having or showing no pity or compassion for others:
Funny one can turn this completely upside down ......... Silly is it not?


Of course it is silly!
So why do you try to do it?
I have mentioned the Beveridge report several times. That report paved the way for what has become the Welfare State. Why it was conceived is entirely to contradict what you attempt to say when 'turning things upside down'.

The simple fact is that before that change unemployment, illiteracy, ill health, and homelessness were all rife in this Capitalist country.
They were called Giant Evils ...... and eradicated. The death of Evil, evil you will now deny was ever your motive.

I corrected a typo 'thongs', and no it wasn't a Freudian slip.

I do not think anyone is claiming that today we have a Welfare State as envisaged by Beveridge far from it. Nobody is seeking the complete destruction of the welfare state. However, when the State itself gets to be so large and inefficient that it stands in the way of the creation of real jobs then it is time to make some adjustments. I really do not understand why the left cannot see that if the size of the State can be increased it can also be reduced. The search is for an optimum and we in the UL with our unbalanced economy where the size of the State is one of the largest in the EU cannot claim we are anywhere near such. Surely you do not subscribe to the view that the State can become the total economy?
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papasmurf
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RJD
Oct 20 2014, 04:02 PM
Nobody is seeking the complete destruction of the welfare state.
Well by accident, incompetence, or design Iain Duncan Smith is getting close to achieving the destruction of the welfare state. The perfect storm on cock-ups of his making are converging rapidly.
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Affa
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RJD
Oct 20 2014, 04:02 PM
Affa
Oct 20 2014, 03:40 PM
RJD
Oct 20 2014, 01:32 PM
Affa
Oct 20 2014, 12:41 PM

Quoting limited to 4 levels deephttp://www.oxforddictionaries.com/definition/english/ruthless

Having or showing no pity or compassion for others:
Funny one can turn this completely upside down ......... Silly is it not?


Of course it is silly!
So why do you try to do it?
I have mentioned the Beveridge report several times. That report paved the way for what has become the Welfare State. Why it was conceived is entirely to contradict what you attempt to say when 'turning things upside down'.

The simple fact is that before that change unemployment, illiteracy, ill health, and homelessness were all rife in this Capitalist country.
They were called Giant Evils ...... and eradicated. The death of Evil, evil you will now deny was ever your motive.

I corrected a typo 'thongs', and no it wasn't a Freudian slip.

I do not think anyone is claiming that today we have a Welfare State as envisaged by Beveridge far from it. Nobody is seeking the complete destruction of the welfare state. However, when the State itself gets to be so large and inefficient that it stands in the way of the creation of real jobs then it is time to make some adjustments. I really do not understand why the left cannot see that if the size of the State can be increased it can also be reduced. The search is for an optimum and we in the UL with our unbalanced economy where the size of the State is one of the largest in the EU cannot claim we are anywhere near such. Surely you do not subscribe to the view that the State can become the total economy?

I do recognise your theory, am reminded of it, and know that for you nothing that has happened since has at all caused you to change your mind ....... These arguments, of the State stifling economic progress, etc were used by Mrs Thatcher. And nothing will ever prevent you from worshipping her.

Has the size of the State, Government Spending been reduced at all by the Privatisation of Public services, and Nationalised Industries - the ones you blame for causing damage?
Has the tax burden been similarly reduced post 1979? Tax Freedom Day was 20 days later at one point.

Now here's the thing ....... had it not been for the Big Bang changes Mrs T brought in, and the subsequent increase in UK earnings from the FS Industry, what do you think the economy would have looked like - where would these real jobs be?




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RJD
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Affa: I do recognise your theory, am reminded of it, and know that for you nothing that has happened since has at all caused you to change your mind ....... These arguments, of the State stifling economic progress, etc were used by Mrs Thatcher. And nothing will ever prevent you from worshipping her.

Ignorant twaddle which avoids the issue.

Affa: Has the size of the State, Government Spending been reduced at all by the Privatisation of Public services, and Nationalised Industries - the ones you blame for causing damage?

I though this to be 2014 and we were considering the period prior to the recession, say 1997 to 2008.

Affa: Has the tax burden been similarly reduced post 1979? Tax Freedom Day was 20 days later at one point.

So?

Affa: Now here's the thing ....... had it not been for the Big Bang changes Mrs T brought in, and the subsequent increase in UK earnings from the FS Industry, what do you think the economy would have looked like - where would these real jobs be?

Hypothetical. IU do not have your crystal ball. All I can say is that NL increased State spending significantly placing 800,000+ people on the payroll none of which would help our balance of payments problems. During the same period we saw £44b of gross manufacturing value added disappear from our economy. Logically there is an optimum for State spending as a portion of GDP, it is not zero or 100% it is a number somewhere between and economists claim that that which is spent on the Public Sector cannot also be spent in the private one and that is why there is a detrimental effect on private sector job growth. I suggest you take a visit to France and see first hand what a large Public Sector does to an economy. Nobody is asking for the State to be scrapped only that we do not lose sight of the need for the private sector to be able to create real jobs and in order to achieve this we must reduce taxes.
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Affa
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RJD
Oct 21 2014, 11:31 AM


Hypothetical. IU do not have your crystal ball. All I can say is that NL increased State spending significantly placing 800,000+ people on the payroll none of which would help our balance of payments problems. During the same period we saw £44b of gross manufacturing value added disappear from our economy. Logically there is an optimum for State spending as a portion of GDP, it is not zero or 100% it is a number somewhere between and economists claim that that which is spent on the Public Sector cannot also be spent in the private one and that is why there is a detrimental effect on private sector job growth. I suggest you take a visit to France and see first hand what a large Public Sector does to an economy. Nobody is asking for the State to be scrapped only that we do not lose sight of the need for the private sector to be able to create real jobs and in order to achieve this we must reduce taxes.

But your claim that the Small State is the way towards REAL job creation (full employment?) is hypothetical.

I have yet to be convinced of the logic that declares privatising "none jobs" in the public sector turns them into wealth creating real jobs.

We have become a 'service sector' based economy (79% GDP), by design (you know who's). My difficulty is in recognising the difference between which services are wealth creators, and which are a drain on the public purse.

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ACH1967
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Is anyone suggesting that non job be privatised? If it is a non job then by definition it isn't required and just goes. The money saved can then be used in a more productive fashion.

Wealth creating service jobs are those that are paid for by people who are not the government.
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disgruntled porker
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I've never worked out where anyone gets the notion that jobs within the public sector are non jobs. I do understand that they don't create weath for a private individual. People working within the public sector provide needed services. Emergency services, leisure services, Binmen, Roadsweepers, Roadmenders, Craftsmen employed to maintain council housing. The list is endless. Does contracting such jobs out to private tender, (still paid for by the council), make them any different as regards worthiness? It's still Joe public who pays the wages via council tax, except a private company creams off something. This usually requires some cost cutting. Lower wages, a cut in hours, poorer service? Something has to give. At least if a job of work is "in house", any savings go back into the kitty to be used for other things, for the good of all, rather than a private company's bank account.
Edited by disgruntled porker, Oct 22 2014, 07:52 AM.
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ACH1967
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Non jobs: The idea of non jobs comes from two areas. Jobs that are defined so as to be meaningless to the layman such as “future shape programme manager. Secondly there are those jobs that really are of questionable value: walking co-ordinator, roller disco coach, bouncy castle attendant and cheerleading development officer.

Whether roles are better in the private sector depends where you stand as getting accurate figures is tricky. On the right tendering out gets more money for your buck and the profit comes from efficiency savings. On the left keeping it in house means that is no need to find money for a profit. It’s a endless argument. I lean to the right on this one.
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disgruntled porker
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Tendering out does not always get more money for your buck. As I said before, cheaper usually means just that. How many govnt tenders have gone out to the lowest bidders from the private sector, only for the tender to turn round and say, "We can't do it for the money we quoted. We need to make cuts in the service for it to be viable at the price we quoted." Most things that G4 has ever had anything to do with has gone down this route.

I wasn't really talking about the sort of jobs you mentioned either. These are obviously non jobs. Certain people, the usual rhubarb merchants, are of the opinion that all public sector jobs are non jobs. Even to the extent that binmen working directly for the council are non jobs, but binmen working for the council, but working under a private tender, are suddenly real jobs. Same job, with essentially the same paymaster, but with a middleman thrown in. Surely that middleman is the real non job and really superfluous to needs?
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ACH1967
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disgruntled porker
Oct 22 2014, 10:48 AM
Tendering out does not always get more money for your buck. As I said before, cheaper usually means just that. How many govnt tenders have gone out to the lowest bidders from the private sector, only for the tender to turn round and say, "We can't do it for the money we quoted. We need to make cuts in the service for it to be viable at the price we quoted." Most things that G4 has ever had anything to do with has gone down this route.

I wasn't really talking about the sort of jobs you mentioned either. These are obviously non jobs. Certain people, the usual rhubarb merchants, are of the opinion that all public sector jobs are non jobs. Even to the extent that binmen working directly for the council are non jobs, but binmen working for the council, but working under a private tender, are suddenly real jobs. Same job, with essentially the same paymaster, but with a middleman thrown in. Surely that middleman is the real non job and really superfluous to needs?
I agree with the first paragraph but I am not convincved that efficiency can be acheived or really pursued in the public sector. I work in an office where I am private and public sector workers are mixed and there is a definite differecne in culture and attitude. That isn't to say that these people don't work hard. As I say I beleive it is a cultural problem and there is a definite aversion to taking responsibility and risks. That said the experience of tendering out has not been all that has been promised either. This is not always down to cost. A lot of the time contracts are simply not project managed efficiently. As I say I am on the right of this argument. I don't think you can realsitically change the culture whereas I do think you can project manage tenders more effectively.

As to your second paragraph...well there isn't really much to say is there. If people think that then they are being plain silly and you should just ignore them :)
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Affa
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ACH1967
Oct 22 2014, 07:14 AM
Is anyone suggesting that non job be privatised? If it is a non job then by definition it isn't required and just goes. The money saved can then be used in a more productive fashion.

Wealth creating service jobs are those that are paid for by people who are not the government.


That excludes a hell of a lot of Private Sector Service providers, and no a few commodities/equipment suppliers too.

When Tories mention 'none jobs' they are never specific, so neither can I be .... but if we look at where the job cuts have been (coalition) can we say whether these were none jobs lost. Also those privatised jobs, NHS direct for example, where do those fit within this criticism that declares that Labour created a near million 'none jobs' in the Public Sector?

Is nursing a none job ? - over 4,000 nursing jobs lost. In fact the changes to the NHS have meant some 50,000 fewer jobs, many of them front line medical experts (and there are some Administration jobs included).

In total 631,000 public sector jobs have disappeared since the government was formed, over half of them in town halls.
It would be nice if there was some clarity about how many of these were 'non jobs'.

'None Jobs' is nothing more than a right-wing soundbite with which to try and avoid being seen as ruthless penny pinching minimalist incompetents.
imo











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ACH1967
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Affa
Oct 22 2014, 12:49 PM
ACH1967
Oct 22 2014, 07:14 AM
Is anyone suggesting that non job be privatised? If it is a non job then by definition it isn't required and just goes. The money saved can then be used in a more productive fashion.

Wealth creating service jobs are those that are paid for by people who are not the government.


That excludes a hell of a lot of Private Sector Service providers, and no a few commodities/equipment suppliers too.

When Tories mention 'none jobs' they are never specific, so neither can I be .... but if we look at where the job cuts have been (coalition) can we say whether these were none jobs lost. Also those privatised jobs, NHS direct for example, where do those fit within this criticism that declares that Labour created a near million 'none jobs' in the Public Sector?

Is nursing a none job ? - over 4,000 nursing jobs lost. In fact the changes to the NHS have meant some 50,000 fewer jobs, many of them front line medical experts (and there are some Administration jobs included).

In total 631,000 public sector jobs have disappeared since the government was formed, over half of them in town halls.
It would be nice if there was some clarity about how many of these were 'non jobs'.

'None Jobs' is nothing more than a right-wing soundbite with which to try and avoid being seen as ruthless penny pinching minimalist incompetents.
imo











AFFA: That excludes a hell of a lot of Private Sector Service providers, and no a few commodities/equipment suppliers too.
ACH Yes but they are not wealth creating they are wealth shuffling. Just because they are not wealth creating does not mean that they are not required but try being honest about this, they are not wealth creating, they are a cost for a service. That service might facilitate wealth creation but to try and portray it as wealth creation is simply dishonest.

AFFA: 'None Jobs' is nothing more than a right-wing sound bite with which to try and avoid being seen as ruthless penny pinching minimalist incompetents. Imo
ACH: I gave an indication of what I considered to be non jobs. It is funny thought that you call it a sound bite then follow it with one of your own LOL
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Affa
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ACH1967
Oct 22 2014, 01:04 PM


AFFA: 'None Jobs' is nothing more than a right-wing sound bite with which to try and avoid being seen as ruthless penny pinching minimalist incompetents. Imo

ACH: I gave an indication of what I considered to be non jobs. It is funny thought that you call it a sound bite then follow it with one of your own LOL


Yes; it is a soundbite, and is my own, so not as yet seen in the press rounds ...... but hopefully one day.

What I saw of your definition of 'none jobs' would amount to mere few hundreds, and most more likely in the private sector ..... which goes completely against the rhetoric that it was Labour and the unnecessary public sector spending on these supposed none jobs to blame for our horrible deficit.




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disgruntled porker
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I'm sure that the rhubarbmeister himself will be along shortly to explain how all public sector jobs are non jobs as regards creation of wealth, and only the private sector jobs do this.
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RJD
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disgruntled porker
Oct 22 2014, 07:49 AM
I've never worked out where anyone gets the notion that jobs within the public sector are non jobs. I do understand that they don't create weath for a private individual. People working within the public sector provide needed services. Emergency services, leisure services, Binmen, Roadsweepers, Roadmenders, Craftsmen employed to maintain council housing. The list is endless. Does contracting such jobs out to private tender, (still paid for by the council), make them any different as regards worthiness? It's still Joe public who pays the wages via council tax, except a private company creams off something. This usually requires some cost cutting. Lower wages, a cut in hours, poorer service? Something has to give. At least if a job of work is "in house", any savings go back into the kitty to be used for other things, for the good of all, rather than a private company's bank account.
Your choice of words "none jobs", the claim is that they do not create wealth in economic terms as they are focussed on consumption. Just stick to definitions established by Economist and you will be less confused. When I say "real jobs" I do not mean others are "none jobs" only that the former create the necessary wealth in order to afford the latter.
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Tigger
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RJD
Oct 22 2014, 06:33 PM
disgruntled porker
Oct 22 2014, 07:49 AM
I've never worked out where anyone gets the notion that jobs within the public sector are non jobs. I do understand that they don't create weath for a private individual. People working within the public sector provide needed services. Emergency services, leisure services, Binmen, Roadsweepers, Roadmenders, Craftsmen employed to maintain council housing. The list is endless. Does contracting such jobs out to private tender, (still paid for by the council), make them any different as regards worthiness? It's still Joe public who pays the wages via council tax, except a private company creams off something. This usually requires some cost cutting. Lower wages, a cut in hours, poorer service? Something has to give. At least if a job of work is "in house", any savings go back into the kitty to be used for other things, for the good of all, rather than a private company's bank account.
Your choice of words "none jobs", the claim is that they do not create wealth in economic terms as they are focussed on consumption. Just stick to definitions established by Economist and you will be less confused. When I say "real jobs" I do not mean others are "none jobs" only that the former create the necessary wealth in order to afford the latter.
In that case aren't hedge fund managers, derivative and high frequency traders, currency changers and other such occupations involved in unproductive non jobs?
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Lewis
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Tigger
Oct 22 2014, 06:40 PM
RJD
Oct 22 2014, 06:33 PM
disgruntled porker
Oct 22 2014, 07:49 AM
I've never worked out where anyone gets the notion that jobs within the public sector are non jobs. I do understand that they don't create weath for a private individual. People working within the public sector provide needed services. Emergency services, leisure services, Binmen, Roadsweepers, Roadmenders, Craftsmen employed to maintain council housing. The list is endless. Does contracting such jobs out to private tender, (still paid for by the council), make them any different as regards worthiness? It's still Joe public who pays the wages via council tax, except a private company creams off something. This usually requires some cost cutting. Lower wages, a cut in hours, poorer service? Something has to give. At least if a job of work is "in house", any savings go back into the kitty to be used for other things, for the good of all, rather than a private company's bank account.
Your choice of words "none jobs", the claim is that they do not create wealth in economic terms as they are focussed on consumption. Just stick to definitions established by Economist and you will be less confused. When I say "real jobs" I do not mean others are "none jobs" only that the former create the necessary wealth in order to afford the latter.
In that case aren't hedge fund managers, derivative and high frequency traders, currency changers and other such occupations involved in unproductive non jobs?
Are hedge fund managers and such like really needed? It is not as though they produce anything that could be construed as being beneficial to most people. A hospital cleaner is of more benefit to society then any banker or for that matter politicians the other non jobbers, of note.

Interesting that you should mention privatising of services, yes agreed Joseph Public doesn't really notice much of a change, except perhaps a lowering of standards. I know of not one that has resulted in lowered council tax for example. The railways now cost the taxpayer far more than they ever did when BR was a nationalised company, yet fares have escalated and measurable standards of service such as punctuality, haven't improved noticeably.
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Tigger
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Lewis
Oct 22 2014, 07:05 PM
Are hedge fund managers and such like really needed? It is not as though they produce anything that could be construed as being beneficial to most people. A hospital cleaner is of more benefit to society then any banker or for that matter politicians the other non jobbers, of note.

Indeed. Lord Turner whoever he is in real life said that a lot of the activity in the City was "socially useless", parasites would have been more accurate but at least it's a start.
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Steve K
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Tigger
Oct 22 2014, 07:50 PM
Lewis
Oct 22 2014, 07:05 PM
Are hedge fund managers and such like really needed? It is not as though they produce anything that could be construed as being beneficial to most people. A hospital cleaner is of more benefit to society then any banker or for that matter politicians the other non jobbers, of note.

Indeed. Lord Turner whoever he is in real life said that a lot of the activity in the City was "socially useless", parasites would have been more accurate but at least it's a start.
They may think the same about plumbers, if so they'd be equally wrong

Hedge funds absorb risk from the wider market and in most business planning you need some risks placated and some not - currency variations when you're exporting is a good example. Because hedge funds are absorbing risk they are inherently higher risk to those who stake the capital behind them. It is therefore fair that the rewards are higher.

I have no doubt that a small % of hedge fund managers are wide boy gamblers. Probably about the same % of public employees that are really non jobs, men that bite dogs, claimants that commit fraud and plumbers that are rogue traders.

A small % and while that's one that should not be ignored and accepted, only a fool or obsessive compulsive nut would ban all the honest people just to eradicate every last problem person.



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Tigger
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Are you sure you understand what hedge funds really are all about?

The recent Phones 4u fiasco looks rather putrid, load the business with debt pay the partners multi million pound dividends and starve the business of investment and watch it tank.

My favourite hedge fund story though is when several tried to take over Porsche a few years ago, the company let them speculate and try to undermine the business whilst at the same time keeping them at arms length whilst the German government changed the law on hostile takeovers but failed to tell the hedge funds, the locusts (German terminology for hedge funds) lost hundreds of millions to Porsche, they have spent years trying to sue Porsche but lost even more money in the process!

Good! :)
Edited by Tigger, Oct 22 2014, 09:44 PM.
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Steve K
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Tigger
Oct 22 2014, 09:42 PM
Are you sure you understand what hedge funds really are all about?

The recent Phones 4u fiasco looks rather putrid, load the business with debt pay the partners multi million pound dividends and starve the business of investment and watch it tank.

My favourite hedge fund story though is when several tried to take over Porsche a few years ago, the company let them speculate and try to undermine the business whilst at the same time keeping them at arms length whilst the German government changed the law on hostile takeovers but failed to tell the hedge funds, the locusts (German terminology for hedge funds) lost hundreds of millions to Porsche, they have spent years trying to sue Porsche but lost even more money in the process!

Good! :)
Are you sure you understand the man bites dog analogy?


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Affa
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Can we now say and all agree that the allegation "Labour created hundreds of thousands of public sector non jobs" is an exaggeration, not worth repeating?

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Steve K
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Affa
Oct 23 2014, 01:43 AM
Can we now say and all agree that the allegation "Labour created hundreds of thousands of public sector non jobs" is an exaggeration, not worth repeating?

well I'll agree
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RJD
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Tigger
Oct 22 2014, 06:40 PM
RJD
Oct 22 2014, 06:33 PM
disgruntled porker
Oct 22 2014, 07:49 AM
I've never worked out where anyone gets the notion that jobs within the public sector are non jobs. I do understand that they don't create weath for a private individual. People working within the public sector provide needed services. Emergency services, leisure services, Binmen, Roadsweepers, Roadmenders, Craftsmen employed to maintain council housing. The list is endless. Does contracting such jobs out to private tender, (still paid for by the council), make them any different as regards worthiness? It's still Joe public who pays the wages via council tax, except a private company creams off something. This usually requires some cost cutting. Lower wages, a cut in hours, poorer service? Something has to give. At least if a job of work is "in house", any savings go back into the kitty to be used for other things, for the good of all, rather than a private company's bank account.
Your choice of words "none jobs", the claim is that they do not create wealth in economic terms as they are focussed on consumption. Just stick to definitions established by Economist and you will be less confused. When I say "real jobs" I do not mean others are "none jobs" only that the former create the necessary wealth in order to afford the latter.
In that case aren't hedge fund managers, derivative and high frequency traders, currency changers and other such occupations involved in unproductive non jobs?
Many claim that such a zero sum game actually reduces overall risk and smooths out price variations. I see it as pure gambling and I do not approve of such. Never gambled on a horse or the Pools or the Lottery ever as well as not paying a single Penny in interest on a Credit Card. That said I have seen no reports that claim that the taxes delivered by this sector to HM Exchequer can easily be replaced by any other sector of business activity. So kill it off if you like, but you will be shooting yourself in the foot for a change.
Two things are very important to understand:
1). Service sector businesses can be up and running very quickly and tend to generate much higher profit margins than manufacturing.
2). Manufacturing is very slow to get started and the market place is generally crowded.

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Tigger
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Steve K
Oct 22 2014, 09:53 PM
Tigger
Oct 22 2014, 09:42 PM
Are you sure you understand what hedge funds really are all about?

The recent Phones 4u fiasco looks rather putrid, load the business with debt pay the partners multi million pound dividends and starve the business of investment and watch it tank.

My favourite hedge fund story though is when several tried to take over Porsche a few years ago, the company let them speculate and try to undermine the business whilst at the same time keeping them at arms length whilst the German government changed the law on hostile takeovers but failed to tell the hedge funds, the locusts (German terminology for hedge funds) lost hundreds of millions to Porsche, they have spent years trying to sue Porsche but lost even more money in the process!

Good! :)
Are you sure you understand the man bites dog analogy?


Most men and even fewer dogs borrow large amounts of money to buy up businesses (rarely their own money) and gamble with said business to extract quick profits, the list of sliced and diced businesses grows yearly and to what final purpose other than vast profits for a tiny minority?

A hedge fund is about as socially useful as diarrhoea.

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Tigger
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RJD
Oct 23 2014, 11:07 AM
Tigger
Oct 22 2014, 06:40 PM
RJD
Oct 22 2014, 06:33 PM
disgruntled porker
Oct 22 2014, 07:49 AM
I've never worked out where anyone gets the notion that jobs within the public sector are non jobs. I do understand that they don't create weath for a private individual. People working within the public sector provide needed services. Emergency services, leisure services, Binmen, Roadsweepers, Roadmenders, Craftsmen employed to maintain council housing. The list is endless. Does contracting such jobs out to private tender, (still paid for by the council), make them any different as regards worthiness? It's still Joe public who pays the wages via council tax, except a private company creams off something. This usually requires some cost cutting. Lower wages, a cut in hours, poorer service? Something has to give. At least if a job of work is "in house", any savings go back into the kitty to be used for other things, for the good of all, rather than a private company's bank account.
Your choice of words "none jobs", the claim is that they do not create wealth in economic terms as they are focussed on consumption. Just stick to definitions established by Economist and you will be less confused. When I say "real jobs" I do not mean others are "none jobs" only that the former create the necessary wealth in order to afford the latter.
In that case aren't hedge fund managers, derivative and high frequency traders, currency changers and other such occupations involved in unproductive non jobs?
Many claim that such a zero sum game actually reduces overall risk and smooths out price variations. I see it as pure gambling and I do not approve of such. Never gambled on a horse or the Pools or the Lottery ever as well as not paying a single Penny in interest on a Credit Card. That said I have seen no reports that claim that the taxes delivered by this sector to HM Exchequer can easily be replaced by any other sector of business activity. So kill it off if you like, but you will be shooting yourself in the foot for a change.
Two things are very important to understand:
1). Service sector businesses can be up and running very quickly and tend to generate much higher profit margins than manufacturing.
2). Manufacturing is very slow to get started and the market place is generally crowded.

Well we partly agree on something, nevertheless the majority of money shuffling exercises do not crate additional wealth but only redistribute existing capital, so to claim you get tax from financial services which these days often functions as little more than a kind of privatised taxation anyway is highly dubious.

The days of banks and financial institutions mainly investing in industry and other economically valid areas is largely a thing of the past, now it is akin to turning tricks for a fee.
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Steve K
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Tigger
Oct 23 2014, 06:59 PM
Steve K
Oct 22 2014, 09:53 PM
Tigger
Oct 22 2014, 09:42 PM
Are you sure you understand what hedge funds really are all about?

The recent Phones 4u fiasco looks rather putrid, load the business with debt pay the partners multi million pound dividends and starve the business of investment and watch it tank.

My favourite hedge fund story though is when several tried to take over Porsche a few years ago, the company let them speculate and try to undermine the business whilst at the same time keeping them at arms length whilst the German government changed the law on hostile takeovers but failed to tell the hedge funds, the locusts (German terminology for hedge funds) lost hundreds of millions to Porsche, they have spent years trying to sue Porsche but lost even more money in the process!

Good! :)
Are you sure you understand the man bites dog analogy?


Most men and even fewer dogs borrow large amounts of money to buy up businesses (rarely their own money) and gamble with said business to extract quick profits, the list of sliced and diced businesses grows yearly and to what final purpose other than vast profits for a tiny minority?

A hedge fund is about as socially useful as diarrhoea.

you've never been in the export business then, or manufacturing using material sourced abroad

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Tigger
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Steve K
Oct 23 2014, 07:13 PM
Tigger
Oct 23 2014, 06:59 PM
Steve K
Oct 22 2014, 09:53 PM
Tigger
Oct 22 2014, 09:42 PM
Are you sure you understand what hedge funds really are all about?

The recent Phones 4u fiasco looks rather putrid, load the business with debt pay the partners multi million pound dividends and starve the business of investment and watch it tank.

My favourite hedge fund story though is when several tried to take over Porsche a few years ago, the company let them speculate and try to undermine the business whilst at the same time keeping them at arms length whilst the German government changed the law on hostile takeovers but failed to tell the hedge funds, the locusts (German terminology for hedge funds) lost hundreds of millions to Porsche, they have spent years trying to sue Porsche but lost even more money in the process!

Good! :)
Are you sure you understand the man bites dog analogy?


Most men and even fewer dogs borrow large amounts of money to buy up businesses (rarely their own money) and gamble with said business to extract quick profits, the list of sliced and diced businesses grows yearly and to what final purpose other than vast profits for a tiny minority?

A hedge fund is about as socially useful as diarrhoea.

you've never been in the export business then, or manufacturing using material sourced abroad

You don't specifically need the services of a hedge fund for any of those activities.

The Germans would happily ban the operations of hedge funds within their jurisdiction because of their track record and low esteem in which they are held, and take it from me Germans know a thing or two about making things and exporting stuff.........
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RJD
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Tigger
Oct 23 2014, 07:37 PM
Steve K
Oct 23 2014, 07:13 PM
Tigger
Oct 23 2014, 06:59 PM
Steve K
Oct 22 2014, 09:53 PM

Quoting limited to 4 levels deep
Most men and even fewer dogs borrow large amounts of money to buy up businesses (rarely their own money) and gamble with said business to extract quick profits, the list of sliced and diced businesses grows yearly and to what final purpose other than vast profits for a tiny minority?

A hedge fund is about as socially useful as diarrhoea.

you've never been in the export business then, or manufacturing using material sourced abroad

You don't specifically need the services of a hedge fund for any of those activities.

The Germans would happily ban the operations of hedge funds within their jurisdiction because of their track record and low esteem in which they are held, and take it from me Germans know a thing or two about making things and exporting stuff.........
You have just demonstrated ignorance of the activities of German Banks. I think you will find if you dare look that DB lost it's shirt gambling pre 2008. For someone who declares himself to be a businessman with a deep understanding of Germany you appear to be very ignorant of the basics. As a myth maker on European Banking prudence why not explain away how around 20 per cent of these have just failed the ECB stress test?
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disgruntled porker
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I thought you were the world's leading authority on all matters Swiss ReJinalD? Didn't realise it extended to Germany too.
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Steve K
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Tigger
Oct 23 2014, 07:37 PM
Steve K
Oct 23 2014, 07:13 PM
Tigger
Oct 23 2014, 06:59 PM
Steve K
Oct 22 2014, 09:53 PM

Quoting limited to 4 levels deep
Most men and even fewer dogs borrow large amounts of money to buy up businesses (rarely their own money) and gamble with said business to extract quick profits, the list of sliced and diced businesses grows yearly and to what final purpose other than vast profits for a tiny minority?

A hedge fund is about as socially useful as diarrhoea.

you've never been in the export business then, or manufacturing using material sourced abroad

You don't specifically need the services of a hedge fund for any of those activities.

The Germans would happily ban the operations of hedge funds within their jurisdiction because of their track record and low esteem in which they are held, and take it from me Germans know a thing or two about making things and exporting stuff.........
Oh yes you do, or you become the hedge fund

You make a binding offer to deliver X items in a year at a price in foreign currency A knowing you will have import materials in the future priced in foreign currency B. You have to 'hedge' against what those currencies will be worth, and materials cost or take the risk - which makes you the hedge fund.

As an example some years back I made a £Mmulti bid to deliver to a $Singapore price knowing half my material was high grade semiconductors priced in $US and coming from all over the world. (We lost the bid.)

You are paying way too much attention to the fringe element that gets the headlines. Can we assume that you'd ban men because the tabloids tell you we're so often biting dogs?

Regulate not obliterate

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RJD
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disgruntled porker
Oct 26 2014, 08:57 AM
I thought you were the world's leading authority on all matters Swiss ReJinalD? Didn't realise it extended to Germany too.
Lived there Mr Pig. Learned to speak their lingo. Drank their beer, ate their sausages and kissed their girls. Spent more time in Germany on business in the last 30 years of my working life than the UK and I doubt there is a city or large town I have not visited. I even visited the DDR in the good old days via Berlin. I have a piece of the Wall somewhere, in a little box, sent to me by my friend who went to see it broken down. As for Switzerland, well Zurich has a very German orientated culture. Pity they do to High German what the yanks do to English. By the way I ran a business in Solingen, Munchen and near Koln for over 20 years. Bankrupted the one in Munchen by design and sold the others off to the Japanese prior to retiring to my garden. Now I am just an expert in spotting the tosh spouted here by those who think a day trip to a German Kristkindelmarkt on the Rhine passes for detailed inside knowledge and of course when best to sharpen my pruners.

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