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Better off Retired


Lt Kije

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With the rate of inflation exceeding the rates of return on savings, and the printing of more money (Quantative Easing); financially responsible grumpies are currently being robbed. But the real reason Dave won't make an overt attack on them is that, as a group. they tend to vote. :wink:

 

Obs, this phrase " quantitative easing " ,is it what they used to call devaluation ?

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I know, and the problem with the Euro Zone is, they can't do it, whilst we can - still a case of ripping off savers though. :wink: Kije, think you need to revisit the basics of capitalism - those who lend, want a return on their investment; those who borrow have to pay it. :wink: :wink:

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Capitalism is, by it's very nature a rat race; and as in any race, you will get winners and losers (more of course of the latter). If unfettered by political controls, wealth gaps will continue to increase, with consequent social and economic division. The only way to temper this process is through a continual redistributive tax system, channeling money back to the majority and thus increasing consumer demand, which keeps the whole economic show on the road. :wink:

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Buying to let is parasitical in nature...exploitation of those less fortunate than yourelf....Most buy to lets are mortgage based. The poor sods who are renting are paying your mortgage.

 

But If people didn't buy to let, there would be nowhere for those "poor sods" as you call them to live Safeway..... they still wouldn't get mortgages so they would be on the streets....

 

Some of those who rent houses do so with the assistance of housing benefit and no mortgage provider would touch anyone without a job or on benefits.

 

My Parents, Grandparents and great grandparents all lived in houses owned by others (Catherine Street, Pierpoint Street etc)so why is it such a problem?

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Prior to WW2, most Prols had to live in private rented housing; often in overcrowded and slum conditions. Thanks to the Luftwaffe and the '45 LABOUR Gov Council Housing came into general use; given a boost by the Rachman scandal. Thanks to Maggie, around 20% or more have been sold off, thus depleting the stock; and thanks to Bliar they've never been replaced, let alone increased - so basically we've just regressed to the pre-War situation, with the exception of them having indoor toilets! :wink:

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Eagle, the buy to let market took off after Maggie, gave the right to people to buy, it also took social housing into the private sector, And being honest I don't think any one thinks they have done a good job, unless you think any different ?

 

coincidentally Maggie also stopped councils building new council houses.

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