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Thread: OT - Royal Mail shares
11th October 2013, 10:03 PM #71
- Join Date
- Nov 2009
............exactly..........but the point ( going full circle) is that it has been obtained only through incurring an unsustainable debt, so if you value all we have you need to consider how we retain it. This all started talking about the Royal Mail IPO and whether Govt ( which is us of course) should retain ownership or divest itself of the cost of running it. No brainer!
11th October 2013, 10:32 PM #72
Can't believe the cod economics on this thread especially from well off pensioners relaxing after early retirement. Most of the debt arrived after 2008 any quick google will tell you that. So nothing to do with the Royal Mail operating inefficiently or any other tired, worn out 1980s Tory myths.
Hope to god I don't meet those of you with this attitude on a beach ever!
11th October 2013, 11:32 PM #73
There was a guy n Channel 4 making the point, that yet again the debt had been nationalised and the profit privatised. It's all very well but we are so overburdened by the state and public sector, with us in the private sector so taxed and tied up in red tape and at risk from every kind of agency, blame claim, employment fraudulent claims, petty theft, high insurance costs, business rates it hardly makes sense to be in business these days.
12th October 2013, 02:48 PM #74
12th October 2013, 04:45 PM #75
- Join Date
- Sep 2008
That last bits meant to be some what tongue in cheek.
It wouldn't happen any more than it does now and it happens as lot less now than back in the day. Competence or ability doesn't usually flow smoothly down the generations, inherited wealth and the influence that it buys is a lot easier to pass on. Parents wanting little Jimmy to have the best opportunity's is natural we just need to ensure the poor kid down the road gets the same opportunity.
Pulling up the ladder behind you once you've got yours doesn't strike me as a nice way to live and it goes against most peoples self interest at the end of the day.
I'd dispute Mike's its all unsustainable to, the present circumstances aren't the norm and were not talking about a fixed household budget or a zero sum game.
12th October 2013, 05:32 PM #76