HKP90 Posted August 10, 2022 VT Supporter Share Posted August 10, 2022 9 minutes ago, Genie said: The government is also getting a good slice of these multi-billion pound profits as it stands. Fair point, but surely if the business is highly profitable, the equity which would need to be purchased would be very valuable? Link to comment Share on other sites More sharing options...
HKP90 Posted August 10, 2022 VT Supporter Share Posted August 10, 2022 3 minutes ago, bickster said: Bringing utilities under public ownership isn't going to solve this anyway. The utility companies would still have to source their fuel to generate their power on the oil and gas exchanges It's the fuel extractors that are making all the money here Good point. I guess like everything it comes down to controlling energy security. Link to comment Share on other sites More sharing options...
chrisp65 Posted August 10, 2022 Share Posted August 10, 2022 26 minutes ago, HKP90 said: Good point. I guess like everything it comes down to controlling energy security. Energy security should be part of the UK defence strategy. We should control the sites that give us energy, rather than farming them out to foreign enterprises based in France, Germany and China etc.. If we can make large swathes of the sea off Wales available for private commercial extraction of renewable energy, why would it be so difficult to have a state supply alongside. If private gives the advantage of keen pricing it will keep the government owned supplier ‘honest’. If energy production becomes to bothersome for private, the state is still there subsidising their energy production for national security. We have been brainwashed that we cannot have state production of energy. The irony being, because we don’t believe in state involvement, we pay other states a mark up to do it for us. Previously, we were told Labour were unacceptable because of the extra baggage that came with their loony left leader. A more sober face, and people would buy the policies. Now, it turns out it was the face, and the policies and the only possible way to win an election now, is steady as she goes. Well steady as she goes pretty much finished in 2019. 4 Link to comment Share on other sites More sharing options...
Xann Posted August 10, 2022 Share Posted August 10, 2022 Don't miss out. https://www.shell.com/investors/dividend-information.html This what matters. Quote Dividend information Dividend policy Subject to Board approval, Shell aims to grow the dividend per share by around 4 percent every year, and the Group will target the distribution of 20-30% of its cash flow from operations to shareholders. The Group expects over time to return cash to shareholders through a combination of dividends and share buybacks. When setting the level of shareholder remuneration, the Board looks at a range of factors, including the macro environment, the underlying business earnings and cash flow of the Group, the current balance sheet, future investment and divestment plans, and existing commitments. It is our intention that dividends will be declared and paid quarterly. Link to comment Share on other sites More sharing options...
MakemineVanilla Posted August 11, 2022 Share Posted August 11, 2022 What is Thatcherism? Link to comment Share on other sites More sharing options...
ml1dch Posted August 11, 2022 Share Posted August 11, 2022 3 Link to comment Share on other sites More sharing options...
sidcow Posted August 11, 2022 VT Supporter Share Posted August 11, 2022 https://www.bbc.co.uk/news/uk-politics-62513966 Liz Truss defends energy firms saying profit is not evil Quote Liz Truss has defended earnings at energy companies amid soaring price rises, saying profits should not be considered "dirty and evil". The Tory leadership hopeful said windfall taxes on profits - urged by some to fund help for households - were about "bashing business". She said cutting taxes was the best way to help with living costs over winter. Quote But speaking at a hustings in Cheltenham, Ms Truss said she "absolutely" did not support windfall taxes, calling it a "Labour idea". "It's all about bashing business and it sends the wrong message to international investors and to the public," the foreign secretary added Hilarious that the things they have to say to get the membership to vote for them are the very things that will guarantee they're voted out next general election. Neither are walking the tightrope well are they. 1 Link to comment Share on other sites More sharing options...
bobzy Posted August 11, 2022 Share Posted August 11, 2022 She’s right - profits are absolutely fine. Nothing wrong with them. Massively profiting on necessities in a cost of living crisis, though? Pretty “dirty and evil” indeed. 1 Link to comment Share on other sites More sharing options...
juanpabloangel18 Posted August 11, 2022 Share Posted August 11, 2022 48 minutes ago, bobzy said: profits are absolutely fine. Nothing wrong with them. Jesus Christ disagrees Link to comment Share on other sites More sharing options...
tinker Posted August 12, 2022 VT Supporter Share Posted August 12, 2022 The contempt they show for the general public is disgusting. The worrying part is the lack of opposition to them in the media as they continue to disrespect us all with these mindless statements. There's a reckoning coming to all this I just hope it ends in peaceful protests rather than lawless riots and a soaring crime rates. I fear the worst tbh . Link to comment Share on other sites More sharing options...
Genie Posted August 12, 2022 Share Posted August 12, 2022 There’s 2 major economic challenges around the corner. 1) Inflation 2) Recession. Truss keeps going on about cutting taxes to stimulate the economy which I expect will stave off a recession in the very short term, but surely it’s going go make inflation even worse. It’s a really terrible idea as we’ve seen inflation cause economies around the world to collapse. Sunaks plan at least acknowledges both of the issues exist. Shes unbelievably thick. Once in I strongly suspect someone with half a brain will talk her out of her pledges, which makes all of this a massive waste of time. Link to comment Share on other sites More sharing options...
Mozzavfc Posted August 12, 2022 Share Posted August 12, 2022 (edited) 21 minutes ago, tinker said: The contempt they show for the general public is disgusting. The worrying part is the lack of opposition to them in the media as they continue to disrespect us all with these mindless statements. There's a reckoning coming to all this I just hope it ends in peaceful protests rather than lawless riots and a soaring crime rates. I fear the worst tbh . - 29% of the public say rioting would be justified over energy bills (65% against) - Among 18-24s 49% say rioting justified, 40% unjustified - In London, 41% say rioting justified, 52% unjustified Source: https://www.independent.co.uk/independentpremium/uk-news/energy-bills-sunak-truss-conservatives-b2143179.html Edited August 12, 2022 by Mozzavfc 1 1 Link to comment Share on other sites More sharing options...
Popular Post Genie Posted August 12, 2022 Popular Post Share Posted August 12, 2022 Headline news 1 5 Link to comment Share on other sites More sharing options...
MakemineVanilla Posted August 12, 2022 Share Posted August 12, 2022 On 10/08/2022 at 11:59, bickster said: Bringing utilities under public ownership isn't going to solve this anyway. The utility companies would still have to source their fuel to generate their power on the oil and gas exchanges It's the piss extractors that are making all the money here FTFY! 1 Link to comment Share on other sites More sharing options...
Genie Posted August 12, 2022 Share Posted August 12, 2022 Look at the turncoats who want a job in the new cabinet. Quote James Cleverly has backed Liz Truss’s plan to reverse the rise in national insurance - just months after voting for it. The education secretary, who is backing Truss’s leadership bid, this morning said “it’s absolutely right that we allow people to keep more of the money they have earned”. BBC Wouldn’t it be refreshing to have politicians believing in what was right for the people rather than themselves? 1 Link to comment Share on other sites More sharing options...
MakemineVanilla Posted August 12, 2022 Share Posted August 12, 2022 13 hours ago, bobzy said: She’s right - profits are absolutely fine. Nothing wrong with them. The problem with profits is that it incentivises companies to invest and improve their products, which leads to the consumer society which is destroying the planet. Without profits everyone would have a job and there would be no relative poverty because everyone would be paid the same. Under a proper socialist system everyone would be guaranteed a minimum standard of living and we would have a vastly more equal society. Socialism is about permanent austerity which removes envy from a society, but saying that in the adverts hasn't got much appeal. Freud claimed that consumerism is the only thing which prevents humans from becoming religious or political fanatics. So it looks like we must choose between eco-disasters or a one-party authoritarian state. From available evidence it looks like we might be heading for both. Link to comment Share on other sites More sharing options...
bickster Posted August 12, 2022 Moderator Share Posted August 12, 2022 51 minutes ago, MakemineVanilla said: which leads to the consumer society which is destroying the planet. Yeah, China might be about to pop up and say hello here Link to comment Share on other sites More sharing options...
MakemineVanilla Posted August 12, 2022 Share Posted August 12, 2022 48 minutes ago, bickster said: Yeah, China might be about to pop up and say hello here China measures poverty as anyone living on less than $2.30 a day. UK poverty level (2020) is £141 per week, which is $24 a day. But obviously, the British person is worse off than a Chinese peasant because their expectations are higher. Therefore, if you lower expectations and increase equality, then people are less distressed by having less. Own nothing and be happy. Link to comment Share on other sites More sharing options...
mjmooney Posted August 12, 2022 VT Supporter Share Posted August 12, 2022 55 minutes ago, MakemineVanilla said: China measures poverty as anyone living on less than $2.30 a day. UK poverty level (2020) is £141 per week, which is $24 a day. But obviously, the British person is worse off than a Chinese peasant because their expectations are higher. Therefore, if you lower expectations and increase equality, then people are less distressed by having less. Own nothing and be happy. Liz Truss: "Once they enter the workplace, the British are among the worst idlers in the world. We work among the lowest hours, we retire early and our productivity is poor. Whereas Indian children aspire to be doctors or businessmen, the British are more interested in football and pop music". She wants us to be more like India? What proportion of Indian kids actually become doctors and businessmen, compared to those who live in abject poverty and squalor? Yes, that's what she wants, alright. Link to comment Share on other sites More sharing options...
bickster Posted August 12, 2022 Moderator Share Posted August 12, 2022 1 hour ago, MakemineVanilla said: China measures poverty as anyone living on less than $2.30 a day. UK poverty level (2020) is £141 per week, which is $24 a day. But obviously, the British person is worse off than a Chinese peasant because their expectations are higher. Therefore, if you lower expectations and increase equality, then people are less distressed by having less. Own nothing and be happy. I find it quite refreshing that someone who claims to be left wing realises that the ultimate goal is to enslave the population 1 1 Link to comment Share on other sites More sharing options...
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