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A bad day for Conservatism.
Topic Started: Nov 20 2014, 08:27 PM (1,332 Views)
Tigger
Senior Member
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The imminent humiliation of the by election, the sordid attempt to protect bankers bonuses blocked on all counts by the EU and Lord Ashcroft laying into Cameron!

All in all it's cheered me up no end today!
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Steve K
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papasmurf
Nov 25 2014, 07:51 PM
Major Sinic
Nov 25 2014, 07:44 PM
Well I certainly did which is how I discovered his 'evidence' was actually an article which revealed that Osborne was 'shocked' at the aggressive tax avoidance of just 20 high net worth earners
That "just 20 people" are responsible for many £billions in tax "avoidance." Another around 70 are responsible for £119.3 billion in tax evasion. (Recent debate in the house of commons, figure unchallenged by Cameron or Osborne.)
So what?

When you've posted such figures here you have been utterly unable to back them up once challenged

So it's ask you two questions (that you've been asked before)

1. Where's your back up for that figure?

2. Are you saying it's an annual figure or the sum of all tax evasion over the last centuries?



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papasmurf
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Steve K
Nov 25 2014, 08:56 PM


When you've posted such figures here you have been utterly unable to back them up once challenged

Actually I have backed them up, like RJD you can't be bothered to read the references.

http://www.publications.parliament.uk/pa/cm201415/cmhansrd/cm141029/debtext/141029-0001.htm
29 Oct 2014 - [905714

Q2. [905714] Kelvin Hopkins (Luton North) (Lab): The tax gap has been calculated at a massive £119.3 billion, even a quarter of which would transform public finances, yet the Government have chosen to cut Her Majesty’s Revenue and Customs’ staffing by more than 11,000 since 2010 and have utterly failed to close that tax gap. Instead, they are squeezing the poor and cutting the real wages of millions of low-paid workers. Are the Government simply protecting their fat-cat billionaire pals from paying their taxes?

The Prime Minister: Let me tell the hon. Gentleman what is actually happening on taxation: we have taken 3 million of the lowest-paid people out of tax altogether, and the fact that that means less work for HMRC is welcome; and the top 1% of taxpayers are paying 27% of all income tax—a higher percentage than ever happened under the last Labour Government.



http://www.pcs.org.uk/en/campaigns/national-campaigns/tax-justice/why-are-they-increasing-the-tax-gap.cfm

1. Executive Summary

This report is an update on one of the most important issues in the UK right now, which is the tax gap.

The tax gap is the difference between the money that the government should collect from the taxes owed in this country if everyone complied with the law and the amount of money the government does actually collect in tax.

In 2010 PCS was responsible for commissioning and publishing the most comprehensive calculation of the UK tax gap ever undertaken at that time.
The report by Tax Research UK, which estimated that the tax gap could be as big as £120 billion a year was criticised by the tax profession, by government ministers, by H M Revenue & Customs (HMRC) and by many large companies. However, what we have learned since 2010 is that this estimate of the tax gap has proved to be vastly more reliable as an indicator of the likely loss arising from the tax gap than any of those estimates produced by HMRC, who claimed the figure to be only £35 billion at their last count.

Things have moved on since 2010. As this report shows, the government has now admitted that tax avoidance in this country takes place on a scale that makes all their past estimates look ludicrously low. Indeed, so keen are they to admit that tax avoidance is prevalent that they might even be challenging Tax Research UK’s estimate as too low sometime soon! What this report also shows is that the government’s estimate of tax evasion is likely to wildly understate the scale of that problem and that Tax Research UK’s estimate is, once again, likely to be much more reliable.

This is incredibly important. If the tax gap is as big as £25 billion of tax avoidance a year, £70 billion of tax evasion a year and £25 billion of tax paid late at any point in time, then there is a vast sum of unpaid tax in our economy waiting to be collected if only there was the political will to do so. If it was decided to collect that tax, not only would we employ more people in HMRC, so helping tackle unemployment whilst providing people with meaningful and socially useful work, we would also prevent much of the programme of cuts that is now destroying our economy and which has forced us into a double-dip recession. What the existence of the tax gap proves is that we do have an economic choice about how to tackle the financial crisis and that the government has made the wrong one.

The result is that the tax gap is not now just an issue of obscure interest to tax technicians, it is taking centre stage in the political and economic debate about the future of our country, the prospects of employment for the people of the UK, the chances of providing people with their pensions, the provision of public services and the nature of the society we wish to live in and the type of companies that we wish to operate within it.

That is why we also make some practical suggestions in this report on how the tax gap could be tackled, almost immediately.

These suggest:
1.Creating a proper general anti-avoidance rule in UK law – rather than the apology for one that is now being proposed by the government;
2.Supporting the introduction of countryby- country reporting for multinational corporations so that we know which of them do, and do not, pay the tax that they really owe in the UK;
3.Investing in more staff at HMRC;
4.Reforming small business taxation to discourage avoidance and tackle tax evasion.

What is now clear is that there is real appetite for these changes. Just as PCS has with many NGOs and the TUC, called for the introduction of an international financial transaction tax which if introduced could raise additional billions, so has PCS played its part in drawing this whole issue of the tax gap to the public’s attention and in helping create an environment in which organisations like UK Uncut, the Occupy movement, the Tax Justice Network and others have been able to highlight the injustice that the tax gap causes. That injustice is, however, ongoing. That is why we hope you read and share this report.

Tackling the tax gap could change our lives.

Edited by papasmurf, Nov 25 2014, 10:20 PM.
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papasmurf
Nov 25 2014, 07:51 PM
Major Sinic
Nov 25 2014, 07:44 PM
Well I certainly did which is how I discovered his 'evidence' was actually an article which revealed that Osborne was 'shocked' at the aggressive tax avoidance of just 20 high net worth earners
That "just 20 people" are responsible for many £billions in tax "avoidance." Another around 70 are responsible for £119.3 billion in tax evasion. (Recent debate in the house of commons, figure unchallenged by Cameron or Osborne.)
The 'evidence' you provided and I quoted from indicated an annual tax avoidance across the 20 individuals of a total of £145 million not 'many billions' as you so erroneously state. You can't even manage to quote accurately from your own 'evidence' as unsupportive of your original ridiculous claims as it is. Please note my response follows reference to the evidence you yourself provided when you suggested that Osborne would provide me with the answer. Your posts are clearly devoid of any integrity.
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Steve K
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papasmurf
Nov 25 2014, 10:05 PM
Steve K
Nov 25 2014, 08:56 PM


When you've posted such figures here you have been utterly unable to back them up once challenged

Actually I have backed them up, like RJD you can't be bothered to read the references.

http://www.publications.parliament.uk/pa/cm201415/cmhansrd/cm141029/debtext/141029-0001.htm
29 Oct 2014 - [905714

Q2. [905714] Kelvin Hopkins (Luton North) (Lab): The tax gap has been calculated at a massive £119.3 billion, even a quarter of which would transform public finances, yet the Government have chosen to cut Her Majesty’s Revenue and Customs’ staffing by more than 11,000 since 2010 and have utterly failed to close that tax gap. . . .
Now now Papasmurf telling lies about other posters because you've been caught out again really is not acceptable is it.

Of course I read your references, which is why I recognise that name from the last time you posted it

http://w11.zetaboards.com/UK_Debate_Mk_2/single/?p=8230172&t=10696527

And you were shredded then and will be shredded again. What you seemingly do not understand is that the "tax gap" is not the same as "tax evasion" and that an opposition MP at question time is less than an authoritative source. In fact they are usually a source of utter bollocks

So do you have a real source for your ludicrous figure or is this just the 382nd time you've posted made up rubbish in the hope someone will be taken in?
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papasmurf
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Steve K
Nov 25 2014, 10:51 PM


And you were shredded then and will be shredded again. What you seemingly do not understand is that the "tax gap" is not the same as "tax evasion" and that an opposition MP at question time is less than an authoritative source.
I fully understand the difference as the 2nd reference details.

I am still mystified as to why a few people on this forum insist in defending a few filthy rich criminals who are robbing us all blind.
The evidence for that was give to HMRC on a plate two years ago now. They have done precisely nothing with it.
America, Germany, and France who were given similar detailed information have been jailing people and recovery many billions in the process.
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ACH1967
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papasmurf
Nov 26 2014, 10:06 AM
Steve K
Nov 25 2014, 10:51 PM


And you were shredded then and will be shredded again. What you seemingly do not understand is that the "tax gap" is not the same as "tax evasion" and that an opposition MP at question time is less than an authoritative source.
I fully understand the difference as the 2nd reference details.

I am still mystified as to why a few people on this forum insist in defending a few filthy rich criminals who are robbing us all blind.
The evidence for that was give to HMRC on a plate two years ago now. They have done precisely nothing with it.
America, Germany, and France who were given similar detailed information have been jailing people and recovery many billions in the process.
You have not addressed the questions you were asked.
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ACH1967
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Major Sinic
Nov 25 2014, 07:44 PM
ACH1967
Nov 25 2014, 05:21 PM
papasmurf
Nov 25 2014, 05:13 PM
jaguar
Nov 25 2014, 04:59 PM
I would be interested in knowing, what are these The two organisations you are a member of, as you appear to spend a lot of time on the internet researching all your links?
Member of it not work for, my researching data means they don't need to, as I sort out what is of possible use to them and what isn't.

If you want to check this every weekday please feel free. (This is just one source.)

https://www.gov.uk/government/publications
I wonder how many of your links they actually follow.
Well I certainly did which is how I discovered his 'evidence' was actually an article which revealed that Osborne was 'shocked' at the aggressive tax avoidance of just 20 high net worth earners. When the evidence invariably falls far short of proving statements and views, it is perfectly understandable if future 'evidence' is viewed with a somewhat jaundiced eye. I have no problem with a well argued opinion standing on its own merits, but when statements are proffered as incontrovertible fact and the evidence is repeatedly found to be wholly or partially lacking then that poster will rapidly be disregarded as a person of integrity. Would you not agree?
Yes I consider him throughly dishonest and an utter waste of time so I try to ignore him
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ACH1967
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Major Sinic
Nov 25 2014, 07:26 PM
ACH1967
Nov 25 2014, 04:14 PM
Major Sinic
Nov 25 2014, 01:33 PM
ACH1967
Nov 25 2014, 12:53 PM
Whilst "Greed " may be an emotive word that does not mean that it shouldn't be discussed. Sometimes just dismissing any attempts to discuss fairness (also a word acused of being overly emotive) by saying it is not about fairness but merely envy smacks of calling anyone wishing to discuss race or immigration a racist.

As to the schools situation surely the question is what tax breaks are the private schools getting and are they justified.

Entrenched privilege does exist and social mobility is poor. Trying to reduce these things is not spite and envy it should be something that all decent people should aspire to achieve.

Balancing equality of opportunities whilst allowing freedom to those who have wealth to use that wealth to their advantage will always be a difficult balancing act which is not helped by those from the further reaches of each political wing resorting to throwing little but slogans about.

I do not like that one man lives in a mansion whilst many others struggle to heat humble abodes. But it doesn't matter what I like it matters what I and all of us do.

So where is the line between greed and not greed lie?
At face value a reasonable post. However the principle behind it seems to be that those who have, will effectively give what they have until those who have not, also have. At what point does this extend from fairness to legalised theft? or from the greed of the rich to being the greed of the poor?
You accuse Porky of reading between the lines and now you tell me what the principle behind my post is :)

The whole point of the post is to have a serious adult conversation about greed. If there is any priciple it would be that certain wealth disparites are immoral. I beleive there should be disparities because peopel are different, have different talents and work with differing amounts of effort. To reward all the same would also be immoral. It is the level of the disparity that it would make sense to bring some balance too.

One of the problems that I have with the debate in general that those who discuss it are either advocating taxing other people more or adamantly defending not paying anymore themselves. I beleive it is a numbers game and cannot really be resolved by taxing the really rich more. Therefore to make life better for those less fortunate than me I would have to pay more tax. For that to be palatable all I would need would to be assured that I was not being taken for a ride...easier said than done.
Actually DP confirmed he was reading between the lines; I simply acknowledged his admission. With regard to your post I merely stated what seemed to me to be the principle behind your post which was an advocation of a redistribution of wealth. This is a perfectly legitimate viewpoint as is one that does not agree with a redistribution of wealth.

I will be interested to see how views regarding the emotionally charged word 'greed' sits with a practical approach of reducing public public sector expenditure and/or increasing tax collected.

I guess a reasonable question would be does public spending need to be reduced?
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papasmurf
Nov 26 2014, 10:06 AM
Steve K
Nov 25 2014, 10:51 PM


And you were shredded then and will be shredded again. What you seemingly do not understand is that the "tax gap" is not the same as "tax evasion" and that an opposition MP at question time is less than an authoritative source.
I fully understand the difference as the 2nd reference details.

I am still mystified as to why a few people on this forum insist in defending a few filthy rich criminals who are robbing us all blind.
The evidence for that was give to HMRC on a plate two years ago now. They have done precisely nothing with it.
America, Germany, and France who were given similar detailed information have been jailing people and recovery many billions in the process.
You have never managed to grasp the difference between tax evasion and tax avoidance. The first is illegal and indefensible while the second is perfectly legal and morally sound. There is I accept, a grey area in the middle, which is now generally referred to as aggressive avoidance which is arguably immoral and questionnably legal but for which HMRC are able to take legal action to recover tax underpayments.

I am not sure that there should be custodial penalties for a lack of morality. If there were most MPs, many Lords, a large proportion of police officers, a sizeable proportion of vicars and imams, dozens of Trade Union Leaders, thousands of taxi drivers, jobbing builders,electricians and plumbers would be doing time along with those wicked 20 tax non-payers you provided 'evidence' of!!
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ACH1967
Nov 26 2014, 10:51 AM
Major Sinic
Nov 25 2014, 07:26 PM
ACH1967
Nov 25 2014, 04:14 PM
Major Sinic
Nov 25 2014, 01:33 PM

Quoting limited to 4 levels deep
You accuse Porky of reading between the lines and now you tell me what the principle behind my post is :)

The whole point of the post is to have a serious adult conversation about greed. If there is any priciple it would be that certain wealth disparites are immoral. I beleive there should be disparities because peopel are different, have different talents and work with differing amounts of effort. To reward all the same would also be immoral. It is the level of the disparity that it would make sense to bring some balance too.

One of the problems that I have with the debate in general that those who discuss it are either advocating taxing other people more or adamantly defending not paying anymore themselves. I beleive it is a numbers game and cannot really be resolved by taxing the really rich more. Therefore to make life better for those less fortunate than me I would have to pay more tax. For that to be palatable all I would need would to be assured that I was not being taken for a ride...easier said than done.
Actually DP confirmed he was reading between the lines; I simply acknowledged his admission. With regard to your post I merely stated what seemed to me to be the principle behind your post which was an advocation of a redistribution of wealth. This is a perfectly legitimate viewpoint as is one that does not agree with a redistribution of wealth.

I will be interested to see how views regarding the emotionally charged word 'greed' sits with a practical approach of reducing public public sector expenditure and/or increasing tax collected.

I guess a reasonable question would be does public spending need to be reduced?
'Greed'. An excessive desire for food or wealth. Most people desire their view of sufficient. The operative word here is excessive, particularly with regard to wealth. There is a propensity by many who politically, economically and socially occupy that area to the left of centre, to refer to anyone who has wealth as greedy, nasty, crooked or selfish. Of course a proportion are; so to are a proportion of the poor. Unfortunately such accusations are invariably subjective moral judgements and as such have limited value in a practical discussion about public expenditure and taxation.

As what was once described as a 'one nation' Tory I believe in a small state, mixed economy incorporating welfare capitalism. However having an ideology and being able to implement it effectively are two different concepts as we have seen with all three major parties (now two) over the last couple of decades, none of which have performed competently in either government or opposition.

One overiding point is that no society can keep increasing borrowing ad infinitum; there will always come a point when it is unsustainable. The UK's public sector annual interest bill exceeds £50 billion and is socially entirely unproductive, and this is before any capital repayment. So borrowing has to be drastically reduced and ultimately halted. In simple terms we can either increase income (taxation) and/or cut expenditure.

Most rational people would acknowledge that there has to be a balance between these two broad strategies. Overtax and you compromise aspiration and with it the drivers of wealth creation. Wealth and its associated income is exported to comparatively benign tax regimes as we have seen in socialist France with its swingeing tax increases. Cut public expenditure excessively and society's most vulnerable suffer disproportionately.

The theoretical solution is to grow the economy so that the tax take increases without a tax rate increase and thus public expenditure can become sustainable. However although the economy is improving it is rather like Network Rails 'wrong type of leaves on the line' it is the wrong type of improvement. More people are in employment than ever before but they are in low skill low paid jobs yielding little or no tax revenue.




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Tigger
Senior Member
[ *  *  *  * ]
Major Sinic
Nov 26 2014, 10:57 AM
papasmurf
Nov 26 2014, 10:06 AM
Steve K
Nov 25 2014, 10:51 PM


And you were shredded then and will be shredded again. What you seemingly do not understand is that the "tax gap" is not the same as "tax evasion" and that an opposition MP at question time is less than an authoritative source.
I fully understand the difference as the 2nd reference details.

I am still mystified as to why a few people on this forum insist in defending a few filthy rich criminals who are robbing us all blind.
The evidence for that was give to HMRC on a plate two years ago now. They have done precisely nothing with it.
America, Germany, and France who were given similar detailed information have been jailing people and recovery many billions in the process.
You have never managed to grasp the difference between tax evasion and tax avoidance. The first is illegal and indefensible while the second is perfectly legal and morally sound. There is I accept, a grey area in the middle, which is now generally referred to as aggressive avoidance which is arguably immoral and questionnably legal but for which HMRC are able to take legal action to recover tax underpayments.

I am not sure that there should be custodial penalties for a lack of morality. If there were most MPs, many Lords, a large proportion of police officers, a sizeable proportion of vicars and imams, dozens of Trade Union Leaders, thousands of taxi drivers, jobbing builders,electricians and plumbers would be doing time along with those wicked 20 tax non-payers you provided 'evidence' of!!
Lock em up, otherwise the damage the rest of the apples in the barrel. ;-)
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Tigger
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Major Sinic
Nov 26 2014, 11:41 AM

One overiding point is that no society can keep increasing borrowing ad infinitum; there will always come a point when it is unsustainable. The UK's public sector annual interest bill exceeds £50 billion and is socially entirely unproductive, and this is before any capital repayment. So borrowing has to be drastically reduced and ultimately halted. In simple terms we can either increase income (taxation) and/or cut expenditure.

Most rational people would acknowledge that there has to be a balance between these two broad strategies. Overtax and you compromise aspiration and with it the drivers of wealth creation. Wealth and its associated income is exported to comparatively benign tax regimes as we have seen in socialist France with its swingeing tax increases. Cut public expenditure excessively and society's most vulnerable suffer disproportionately.

The theoretical solution is to grow the economy so that the tax take increases without a tax rate increase and thus public expenditure can become sustainable. However although the economy is improving it is rather like Network Rails 'wrong type of leaves on the line' it is the wrong type of improvement. More people are in employment than ever before but they are in low skill low paid jobs yielding little or no tax revenue.




The real problems are at the top end of society and pay scale in my opinion, not the bottom end which only lives by the rules of the former and feeds off the scraps.

We no longer have true capitalism in the UK, we instead have a situation of too big to fail where failed institutions are no longer allowed to die, instead they are propped up at public expense and are not reformed in any meaningful way, we have created in effect an economy which is self looting!

By not allowing the death of failed businesses we lock out new people, new ideas and new ways of doing things which again in my opinion is why we have a rising trade deficit and worsening government spending, as conformation today's Telegraph reports more economic "growth" but tempers this with the fact it is almost entirely down to consumer spending and asset price inflation, business investment is down once again and wages show no signs of rising.

We really need to tackle the abuse and propping up that is taking place at the top end of society and in certain boardrooms and especially in Westminster.
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ACH1967
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Major Sinic
Nov 26 2014, 11:41 AM
ACH1967
Nov 26 2014, 10:51 AM
Major Sinic
Nov 25 2014, 07:26 PM
ACH1967
Nov 25 2014, 04:14 PM

Quoting limited to 4 levels deep
Actually DP confirmed he was reading between the lines; I simply acknowledged his admission. With regard to your post I merely stated what seemed to me to be the principle behind your post which was an advocation of a redistribution of wealth. This is a perfectly legitimate viewpoint as is one that does not agree with a redistribution of wealth.

I will be interested to see how views regarding the emotionally charged word 'greed' sits with a practical approach of reducing public public sector expenditure and/or increasing tax collected.

I guess a reasonable question would be does public spending need to be reduced?
'Greed'. An excessive desire for food or wealth. Most people desire their view of sufficient. The operative word here is excessive, particularly with regard to wealth. There is a propensity by many who politically, economically and socially occupy that area to the left of centre, to refer to anyone who has wealth as greedy, nasty, crooked or selfish. Of course a proportion are; so to are a proportion of the poor. Unfortunately such accusations are invariably subjective moral judgements and as such have limited value in a practical discussion about public expenditure and taxation.

As what was once described as a 'one nation' Tory I believe in a small state, mixed economy incorporating welfare capitalism. However having an ideology and being able to implement it effectively are two different concepts as we have seen with all three major parties (now two) over the last couple of decades, none of which have performed competently in either government or opposition.

One overiding point is that no society can keep increasing borrowing ad infinitum; there will always come a point when it is unsustainable. The UK's public sector annual interest bill exceeds £50 billion and is socially entirely unproductive, and this is before any capital repayment. So borrowing has to be drastically reduced and ultimately halted. In simple terms we can either increase income (taxation) and/or cut expenditure.

Most rational people would acknowledge that there has to be a balance between these two broad strategies. Overtax and you compromise aspiration and with it the drivers of wealth creation. Wealth and its associated income is exported to comparatively benign tax regimes as we have seen in socialist France with its swingeing tax increases. Cut public expenditure excessively and society's most vulnerable suffer disproportionately.

The theoretical solution is to grow the economy so that the tax take increases without a tax rate increase and thus public expenditure can become sustainable. However although the economy is improving it is rather like Network Rails 'wrong type of leaves on the line' it is the wrong type of improvement. More people are in employment than ever before but they are in low skill low paid jobs yielding little or no tax revenue.




Eurostat Countries By Debt (Eurostat Debt as a percentage of GDP):
Japan 214
Greece 161
Italy 126
UK 90
France 89.9
Germany 79.9
US 72.5

Current Account Balance (Deficit as a percentage of GDP)(CIA world Fact book)
UK -3.76
United States -2.16
France -2.14
Greece -.83
Italy -0.12
Japan 1.13
Germany 7.16

Debt in itself is not so bad but our deficit is the highest amongst developed nations unless you include New Zealand. I am in favour of a small state but still contend that as a society we should always ensure that we offer the greatest protection affordable to those who are genuinely “weak and vulnerable”. I think we agree that cuts need to be made in the state to bring the deficit and the debt down. As you say the interest payments on the debt benefit no one (apart from those who own the debt). Therefore who should suffer to reduce the debt because some will have to suffer?

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ACH1967
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Tigger
Nov 26 2014, 12:23 PM
Major Sinic
Nov 26 2014, 11:41 AM

One overiding point is that no society can keep increasing borrowing ad infinitum; there will always come a point when it is unsustainable. The UK's public sector annual interest bill exceeds £50 billion and is socially entirely unproductive, and this is before any capital repayment. So borrowing has to be drastically reduced and ultimately halted. In simple terms we can either increase income (taxation) and/or cut expenditure.

Most rational people would acknowledge that there has to be a balance between these two broad strategies. Overtax and you compromise aspiration and with it the drivers of wealth creation. Wealth and its associated income is exported to comparatively benign tax regimes as we have seen in socialist France with its swingeing tax increases. Cut public expenditure excessively and society's most vulnerable suffer disproportionately.

The theoretical solution is to grow the economy so that the tax take increases without a tax rate increase and thus public expenditure can become sustainable. However although the economy is improving it is rather like Network Rails 'wrong type of leaves on the line' it is the wrong type of improvement. More people are in employment than ever before but they are in low skill low paid jobs yielding little or no tax revenue.




The real problems are at the top end of society and pay scale in my opinion, not the bottom end which only lives by the rules of the former and feeds off the scraps.

We no longer have true capitalism in the UK, we instead have a situation of too big to fail where failed institutions are no longer allowed to die, instead they are propped up at public expense and are not reformed in any meaningful way, we have created in effect an economy which is self looting!

By not allowing the death of failed businesses we lock out new people, new ideas and new ways of doing things which again in my opinion is why we have a rising trade deficit and worsening government spending, as conformation today's Telegraph reports more economic "growth" but tempers this with the fact it is almost entirely down to consumer spending and asset price inflation, business investment is down once again and wages show no signs of rising.

We really need to tackle the abuse and propping up that is taking place at the top end of society and in certain boardrooms and especially in Westminster.
Can I have some examples to support this. I am not disagreeing I would just like some more flesh on the bones of your contention.
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Tigger
Senior Member
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ACH1967
Nov 26 2014, 12:36 PM
Tigger
Nov 26 2014, 12:23 PM
Major Sinic
Nov 26 2014, 11:41 AM

One overiding point is that no society can keep increasing borrowing ad infinitum; there will always come a point when it is unsustainable. The UK's public sector annual interest bill exceeds £50 billion and is socially entirely unproductive, and this is before any capital repayment. So borrowing has to be drastically reduced and ultimately halted. In simple terms we can either increase income (taxation) and/or cut expenditure.

Most rational people would acknowledge that there has to be a balance between these two broad strategies. Overtax and you compromise aspiration and with it the drivers of wealth creation. Wealth and its associated income is exported to comparatively benign tax regimes as we have seen in socialist France with its swingeing tax increases. Cut public expenditure excessively and society's most vulnerable suffer disproportionately.

The theoretical solution is to grow the economy so that the tax take increases without a tax rate increase and thus public expenditure can become sustainable. However although the economy is improving it is rather like Network Rails 'wrong type of leaves on the line' it is the wrong type of improvement. More people are in employment than ever before but they are in low skill low paid jobs yielding little or no tax revenue.




The real problems are at the top end of society and pay scale in my opinion, not the bottom end which only lives by the rules of the former and feeds off the scraps.

We no longer have true capitalism in the UK, we instead have a situation of too big to fail where failed institutions are no longer allowed to die, instead they are propped up at public expense and are not reformed in any meaningful way, we have created in effect an economy which is self looting!

By not allowing the death of failed businesses we lock out new people, new ideas and new ways of doing things which again in my opinion is why we have a rising trade deficit and worsening government spending, as conformation today's Telegraph reports more economic "growth" but tempers this with the fact it is almost entirely down to consumer spending and asset price inflation, business investment is down once again and wages show no signs of rising.

We really need to tackle the abuse and propping up that is taking place at the top end of society and in certain boardrooms and especially in Westminster.
Can I have some examples to support this. I am not disagreeing I would just like some more flesh on the bones of your contention.
The most obvious examples are of course banks, but it would also include businesses which do not invest in new machinery of better ways of doing things and instead rely on disposable labour, I'll give an example of this British disease, back in the sixties the textile industries in the north of England came under threat from Asian producers, what the domestic industry should have done was dump the Victorian machinery and invest in new plant, not a bit of it! They just imported Asians to do the work here! The Asians back home of course did eventually invest in new plant, game over. In my opinion we are repeating these mistakes.

And currently we have sky high asset prices and especially land and property bubbles that benefit only the better off and not the productive, these values do not reflect what the productive economy of goods and services can afford and in fact stifle real wealth creation, you can demonstrably make easy money trading stocks or flipping land or property because it is state supported but doing something genuinely productive is harder than ever, the former is the reason.
Edited by Tigger, Nov 26 2014, 12:50 PM.
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ACH1967
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Tigger
Nov 26 2014, 12:49 PM
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Nov 26 2014, 12:36 PM
Tigger
Nov 26 2014, 12:23 PM
Major Sinic
Nov 26 2014, 11:41 AM

One overiding point is that no society can keep increasing borrowing ad infinitum; there will always come a point when it is unsustainable. The UK's public sector annual interest bill exceeds £50 billion and is socially entirely unproductive, and this is before any capital repayment. So borrowing has to be drastically reduced and ultimately halted. In simple terms we can either increase income (taxation) and/or cut expenditure.

Most rational people would acknowledge that there has to be a balance between these two broad strategies. Overtax and you compromise aspiration and with it the drivers of wealth creation. Wealth and its associated income is exported to comparatively benign tax regimes as we have seen in socialist France with its swingeing tax increases. Cut public expenditure excessively and society's most vulnerable suffer disproportionately.

The theoretical solution is to grow the economy so that the tax take increases without a tax rate increase and thus public expenditure can become sustainable. However although the economy is improving it is rather like Network Rails 'wrong type of leaves on the line' it is the wrong type of improvement. More people are in employment than ever before but they are in low skill low paid jobs yielding little or no tax revenue.




The real problems are at the top end of society and pay scale in my opinion, not the bottom end which only lives by the rules of the former and feeds off the scraps.

We no longer have true capitalism in the UK, we instead have a situation of too big to fail where failed institutions are no longer allowed to die, instead they are propped up at public expense and are not reformed in any meaningful way, we have created in effect an economy which is self looting!

By not allowing the death of failed businesses we lock out new people, new ideas and new ways of doing things which again in my opinion is why we have a rising trade deficit and worsening government spending, as conformation today's Telegraph reports more economic "growth" but tempers this with the fact it is almost entirely down to consumer spending and asset price inflation, business investment is down once again and wages show no signs of rising.

We really need to tackle the abuse and propping up that is taking place at the top end of society and in certain boardrooms and especially in Westminster.
Can I have some examples to support this. I am not disagreeing I would just like some more flesh on the bones of your contention.
The most obvious examples are of course banks, but it would also include businesses which do not invest in new machinery of better ways of doing things and instead rely on disposable labour, I'll give an example of this British disease, back in the sixties the textile industries in the north of England came under threat from Asian producers, what the domestic industry should have done was dump the Victorian machinery and invest in new plant, not a bit of it! They just imported Asians to do the work here! The Asians back home of course did eventually invest in new plant, game over. In my opinion we are repeating these mistakes.

And currently we have sky high asset prices and especially land and property bubbles that benefit only the better off and not the productive, these values do not reflect what the productive economy of goods and services can afford and in fact stifle real wealth creation, you can demonstrably make easy money trading stocks or flipping land or property because it is state supported but doing something genuinely productive is harder than ever, the former is the reason.
OK so I get the banks but the argument there was if they weren’t propped up the whole thing would collapse. I am not sure whether they are doing anything to prevent this happening in the future as one lot of people say one thing and another lot the other. Depending on which is true this case should be kept in or removed from the equation.
Asset prices. Are there other assets apart from property you are referring to?
How is easy money made from flip flopping land?
How is easy money made from trading shares? (I watched a programme where lots of people were trying this and they were all pretty much failing.
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RJD
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papasmurf
Nov 25 2014, 04:27 PM
RJD
Nov 25 2014, 04:20 PM
I am very surprised that you have much time for such charitable work. None the less you miss the point, here on this Forum, you have shown over the years absolute zero interest in anything that improves opportunity for more jobs, opportunity for individuals to improve their CV in order that they may be considered more suitable for such.
The two organisations I am a member of do just what you are stating I have no interest in. Do wake up RJD.
I do not believe you. Having spent some of my time in recent years helping others with their difficulties I know how time consuming this can be. If I were to extend this from the individual to an organisation then I doubt that I would have any free time. I find it hard to believe that your involvement is anything more than a fleeting association.
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Tigger
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ACH1967
Nov 26 2014, 02:25 PM
Tigger
Nov 26 2014, 12:49 PM
ACH1967
Nov 26 2014, 12:36 PM
Tigger
Nov 26 2014, 12:23 PM

Quoting limited to 4 levels deep
Can I have some examples to support this. I am not disagreeing I would just like some more flesh on the bones of your contention.
The most obvious examples are of course banks, but it would also include businesses which do not invest in new machinery of better ways of doing things and instead rely on disposable labour, I'll give an example of this British disease, back in the sixties the textile industries in the north of England came under threat from Asian producers, what the domestic industry should have done was dump the Victorian machinery and invest in new plant, not a bit of it! They just imported Asians to do the work here! The Asians back home of course did eventually invest in new plant, game over. In my opinion we are repeating these mistakes.

And currently we have sky high asset prices and especially land and property bubbles that benefit only the better off and not the productive, these values do not reflect what the productive economy of goods and services can afford and in fact stifle real wealth creation, you can demonstrably make easy money trading stocks or flipping land or property because it is state supported but doing something genuinely productive is harder than ever, the former is the reason.
OK so I get the banks but the argument there was if they weren’t propped up the whole thing would collapse. I am not sure whether they are doing anything to prevent this happening in the future as one lot of people say one thing and another lot the other. Depending on which is true this case should be kept in or removed from the equation.
Asset prices. Are there other assets apart from property you are referring to?
How is easy money made from flip flopping land?
How is easy money made from trading shares? (I watched a programme where lots of people were trying this and they were all pretty much failing.
You should be able to find out the answers to these questions for yourself with a little effort, I'll happily raise points but I'll not walk people through them.
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papasmurf
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ACH1967
Nov 26 2014, 10:45 AM
You have not addressed the questions you were asked.
I have.
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ACH1967
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Tigger
Nov 26 2014, 07:23 PM
ACH1967
Nov 26 2014, 02:25 PM
Tigger
Nov 26 2014, 12:49 PM
ACH1967
Nov 26 2014, 12:36 PM

Quoting limited to 4 levels deep
The most obvious examples are of course banks, but it would also include businesses which do not invest in new machinery of better ways of doing things and instead rely on disposable labour, I'll give an example of this British disease, back in the sixties the textile industries in the north of England came under threat from Asian producers, what the domestic industry should have done was dump the Victorian machinery and invest in new plant, not a bit of it! They just imported Asians to do the work here! The Asians back home of course did eventually invest in new plant, game over. In my opinion we are repeating these mistakes.

And currently we have sky high asset prices and especially land and property bubbles that benefit only the better off and not the productive, these values do not reflect what the productive economy of goods and services can afford and in fact stifle real wealth creation, you can demonstrably make easy money trading stocks or flipping land or property because it is state supported but doing something genuinely productive is harder than ever, the former is the reason.
OK so I get the banks but the argument there was if they weren’t propped up the whole thing would collapse. I am not sure whether they are doing anything to prevent this happening in the future as one lot of people say one thing and another lot the other. Depending on which is true this case should be kept in or removed from the equation.
Asset prices. Are there other assets apart from property you are referring to?
How is easy money made from flip flopping land?
How is easy money made from trading shares? (I watched a programme where lots of people were trying this and they were all pretty much failing.
You should be able to find out the answers to these questions for yourself with a little effort, I'll happily raise points but I'll not walk people through them.
fair enough
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ACH1967
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papasmurf
Nov 26 2014, 07:32 PM
ACH1967
Nov 26 2014, 10:45 AM
You have not addressed the questions you were asked.
I have.
In post 124 you were asked to support your ludicrous figure. Your response in 125 ignored it and babbled on about other stuff instead. That is not answering the question that is avoiding the question.
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Although the financial crisis occurred ten years into Labour's watch and Gordon Brown's own brand of strawweight financial regulation exacerbated the massive damage done to Britains economy, ia major shortcoming of the Coalition is its failure to implement a structured reform of the UK banking system, with the overiding priority of separating investment banking activity from clearing and consumer/SME savings and lending activity i.e. The City from The High Street. In my view there should be far more swingeing negative consequences for gross negligence and incompetence of senior management including individual bankruptcy and even custodial sentences. I do agree entirely with Tigger that this issue is not mended and heaven forbid could happen again. Neither are the dangers limited to the UK.

However I do question much of the remainder of his post and will do so when I have more time.


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disgruntled porker
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In post #80 Major Sinic said.

Quote:
 
Mitchell, 'the nasty little man' you refer to, was an elected member of our Parliament whose reputation and career were largely destroyed by the lies and corruption within the Metropolitan Police. There is no evidence that he referred to anyone as a pleb that day. But you, as a biased, bigoted, uninformed cretin full of bile and venom, simply see Mitchell as a 'privileged Tory' and out pours your usual resentment and envy and assumption that he is guilty as charged. Thick pigs like you make assumptions that they can never support.


It seems today, a judge, who, to you, must appear to be a biased, biggoted, uniformed cretin full of bile and venom, who must see Mitchell as a "privilaged Tory" and poured out his usual resentment and envy and has ruled that he is guilty as charged concerning the use of the word PLEB. The judge said the word was "politically toxic". He has also ruled that the "lies and corruption of the Met" were no such thing, and the officer, PC Toby Roland, was telling the truth. It has cost Mitchell an interim costs bill of £300,000, probably to rise to ten times that amout.

Can you now appreciate how offensive I found it to be called a pleb by you? More than once too if memory serves.

I suppose you still think he is a really nice man, never said it, and still think he is being picked on. I would expect nothing less from someone who holds himself and his opinions in such high regard.
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disgruntled porker
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Ah, the roaring silence. To be expected I suppose.
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RJD
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disgruntled porker
Nov 28 2014, 06:37 PM
Ah, the roaring silence. To be expected I suppose.
Why do you object to being called a Pleb? What does it conjure up in your mind? I have no objection to being called such and would prefer it to being labelled a "lefty". Born a Pleb and will die such, so bloody what?
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gee4444
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Convicted by a court of using the word 'pleb'.

Not that that decision will make any difference to the fawning right wing fruit cakes on here.

RJD you are a pleb. I've been telling you such for years (usually to your displeasure). Good to see you are accepting a little part of reality at last.
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disgruntled porker
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RJD
Nov 28 2014, 06:43 PM
disgruntled porker
Nov 28 2014, 06:37 PM
Ah, the roaring silence. To be expected I suppose.
Why do you object to being called a Pleb? What does it conjure up in your mind? I have no objection to being called such and would prefer it to being labelled a "lefty". Born a Pleb and will die such, so bloody what?
It's not the word ReJ, it's the inferences. It's the "I am infinitely superior to you in every way", which irks. It's the inferences which made a govnt minister realise he had dropped the political bollock of the century and gambled all on being vindicated in court. If a govnt minister thinks this way regarding a policeman who is there to protect him, he must hold the rest of us in an even lower regard. Not a very good impression to give out to the plebs who put you in power was it?
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disgruntled porker
Nov 28 2014, 11:49 PM
It's not the word ReJ, it's the inferences. It's the "I am infinitely superior to you in every way", which irks.

I credit the op with understanding this observation, with realising that an insult is only an insult if the intention was to insult ......... which in Mitchell's case it clearly was.
By making this statement of acknowledging the intelligence of said op, I am instead insulting them - I accuse them of obfuscation.

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Lewis
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RJD
Nov 28 2014, 06:43 PM
disgruntled porker
Nov 28 2014, 06:37 PM
Ah, the roaring silence. To be expected I suppose.
Why do you object to being called a Pleb? What does it conjure up in your mind? I have no objection to being called such and would prefer it to being labelled a "lefty". Born a Pleb and will die such, so bloody what?
Well I would rather be called a lefty than a 'pleb'. Not that I'm either. Being a centrist, I abhor extremes of the left or right. Just that the extremist right wingers seem to have taken charge of the Tory Party at present.
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RJD
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disgruntled porker
Nov 28 2014, 11:49 PM
RJD
Nov 28 2014, 06:43 PM
disgruntled porker
Nov 28 2014, 06:37 PM
Ah, the roaring silence. To be expected I suppose.
Why do you object to being called a Pleb? What does it conjure up in your mind? I have no objection to being called such and would prefer it to being labelled a "lefty". Born a Pleb and will die such, so bloody what?
It's not the word ReJ, it's the inferences. It's the "I am infinitely superior to you in every way", which irks. It's the inferences which made a govnt minister realise he had dropped the political bollock of the century and gambled all on being vindicated in court. If a govnt minister thinks this way regarding a policeman who is there to protect him, he must hold the rest of us in an even lower regard. Not a very good impression to give out to the plebs who put you in power was it?
Only a fool with a chip on his shoulder would consider such a person as his superior. Me thinks the left gives indignation a bad name. Mitchell was a prat and no doubt was provoked by Mr Jobs-worthy Bobby.
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RJD
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Lewis
Nov 29 2014, 12:03 PM
RJD
Nov 28 2014, 06:43 PM
disgruntled porker
Nov 28 2014, 06:37 PM
Ah, the roaring silence. To be expected I suppose.
Why do you object to being called a Pleb? What does it conjure up in your mind? I have no objection to being called such and would prefer it to being labelled a "lefty". Born a Pleb and will die such, so bloody what?
Well I would rather be called a lefty than a 'pleb'. Not that I'm either. Being a centrist, I abhor extremes of the left or right. Just that the extremist right wingers seem to have taken charge of the Tory Party at present.
You are not of the centre, that is where Cameron has placed his colours.
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Tigger
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Nov 29 2014, 03:16 PM
Only a fool with a chip on his shoulder would consider such a person as his superior.
But we do seem to be seeing rather a lot of evidence for this in the last few days, have you noticed any of this by any chance?

After all if you are a QC, have been in government, the missus is at the palace and you don't like plod checking to see if your shopping basket is secure on your bicycle you'd probably be well within your rights to castigate the lower orders.

Oh, and get someone else to help you off your knees............
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Lewis
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Nov 29 2014, 03:17 PM
Lewis
Nov 29 2014, 12:03 PM
RJD
Nov 28 2014, 06:43 PM
disgruntled porker
Nov 28 2014, 06:37 PM
Ah, the roaring silence. To be expected I suppose.
Why do you object to being called a Pleb? What does it conjure up in your mind? I have no objection to being called such and would prefer it to being labelled a "lefty". Born a Pleb and will die such, so bloody what?
Well I would rather be called a lefty than a 'pleb'. Not that I'm either. Being a centrist, I abhor extremes of the left or right. Just that the extremist right wingers seem to have taken charge of the Tory Party at present.
You are not of the centre, that is where Cameron has placed his colours.
Cameron and his cronies are right wing extremists. Any notions of him and his henchmen being of the centre are just a pretence. Just like everything else he talks about from Europe to immigration and just about all other matters. In other words he is a liar, of the first order.
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disgruntled porker
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RJD
Nov 29 2014, 03:16 PM
disgruntled porker
Nov 28 2014, 11:49 PM
RJD
Nov 28 2014, 06:43 PM
disgruntled porker
Nov 28 2014, 06:37 PM
Ah, the roaring silence. To be expected I suppose.
Why do you object to being called a Pleb? What does it conjure up in your mind? I have no objection to being called such and would prefer it to being labelled a "lefty". Born a Pleb and will die such, so bloody what?
It's not the word ReJ, it's the inferences. It's the "I am infinitely superior to you in every way", which irks. It's the inferences which made a govnt minister realise he had dropped the political bollock of the century and gambled all on being vindicated in court. If a govnt minister thinks this way regarding a policeman who is there to protect him, he must hold the rest of us in an even lower regard. Not a very good impression to give out to the plebs who put you in power was it?
Only a fool with a chip on his shoulder would consider such a person as his superior. Me thinks the left gives indignation a bad name. Mitchell was a prat and no doubt was provoked by Mr Jobs-worthy Bobby.
Wrong end of stick again ReJ. The objectionable part is that someone considers himself to be superior in every way to someone else. Not that the person being called a pleb is acknowledging that he is. But or course, you knew that didn't you?
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disgruntled porker
Nov 28 2014, 06:37 PM
Ah, the roaring silence. To be expected I suppose.
I replied to your 'challenge' in the thread 'A sense of irony'. My post #4 in that thread refers. I am not going to chase you round the whole forum acknowledging my reluctant acceptance of this judgement. You really have too much time on your hands if you have nothing better to do than try to prolong an unproductive and senseless exchange of personal insults? We are each quite aware of what our opinions of one another are. I really don't wish to have to give you a moments further thought so just grow up and move on.
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disgruntled porker
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Major Sinic
Nov 30 2014, 12:54 AM
disgruntled porker
Nov 28 2014, 06:37 PM
Ah, the roaring silence. To be expected I suppose.
I replied to your 'challenge' in the thread 'A sense of irony'. My post #4 in that thread refers. I am not going to chase you round the whole forum acknowledging my reluctant acceptance of this judgement. You really have too much time on your hands if you have nothing better to do than try to prolong an unproductive and senseless exchange of personal insults? We are each quite aware of what our opinions of one another are. I really don't wish to have to give you a moments further thought so just grow up and move on.
Why do you not wish to give me a moments further thought. Is it beneath you?

The Mitchell case is not a point in question here, I used it merely as an example to illustrate the point that some people consider themselves so superior that all must cow-tow before them. That is why I kicked off when you started to throw insults like his in my direction. It was nothing to do with the word, but the intention which irked. As far as growing up goes...................................................
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disgruntled porker
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RJD
Nov 28 2014, 06:43 PM
disgruntled porker
Nov 28 2014, 06:37 PM
Ah, the roaring silence. To be expected I suppose.
Why do you object to being called a Pleb? What does it conjure up in your mind? I have no objection to being called such and would prefer it to being labelled a "lefty". Born a Pleb and will die such, so bloody what?
I object because the person who called me such, admits in his own words, that since the Mitchell case, the word PLEB has become the ultimate insult. I can only assume from this that he thought he was casting the ultimate insult in my direction.
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RJD
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disgruntled porker
Nov 30 2014, 09:42 AM
RJD
Nov 28 2014, 06:43 PM
disgruntled porker
Nov 28 2014, 06:37 PM
Ah, the roaring silence. To be expected I suppose.
Why do you object to being called a Pleb? What does it conjure up in your mind? I have no objection to being called such and would prefer it to being labelled a "lefty". Born a Pleb and will die such, so bloody what?
I object because the person who called me such, admits in his own words, that since the Mitchell case, the word PLEB has become the ultimate insult. I can only assume from this that he thought he was casting the ultimate insult in my direction.
Only since Mitchell allegedly used the word? Mr Pig I do not believe you.
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disgruntled porker
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RJD
Dec 1 2014, 05:00 PM
disgruntled porker
Nov 30 2014, 09:42 AM
RJD
Nov 28 2014, 06:43 PM
disgruntled porker
Nov 28 2014, 06:37 PM
Ah, the roaring silence. To be expected I suppose.
Why do you object to being called a Pleb? What does it conjure up in your mind? I have no objection to being called such and would prefer it to being labelled a "lefty". Born a Pleb and will die such, so bloody what?
I object because the person who called me such, admits in his own words, that since the Mitchell case, the word PLEB has become the ultimate insult. I can only assume from this that he thought he was casting the ultimate insult in my direction.
Only since Mitchell allegedly used the word? Mr Pig I do not believe you.
Seriously ReJinalD, your replies are incoherant and do not make any sense. I say one thing and off you go on a tangent. You don't believe me? I don't think you are even grasping what I'm saying.
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RJD
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disgruntled porker
Dec 2 2014, 09:22 AM
RJD
Dec 1 2014, 05:00 PM
disgruntled porker
Nov 30 2014, 09:42 AM
RJD
Nov 28 2014, 06:43 PM

Quoting limited to 4 levels deep
I object because the person who called me such, admits in his own words, that since the Mitchell case, the word PLEB has become the ultimate insult. I can only assume from this that he thought he was casting the ultimate insult in my direction.
Only since Mitchell allegedly used the word? Mr Pig I do not believe you.
Seriously ReJinalD, your replies are incoherant and do not make any sense. I say one thing and off you go on a tangent. You don't believe me? I don't think you are even grasping what I'm saying.
Maybe you should revisit your sentences and rewrite these if they lack coherence.
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