Asset Protection for the Already Wealthy
#1
2008
Gordon Brown guarantees savings at £85,000 per person / per insitution.

At the same time almost half of families had less than £1000 in liquid financial wealth.


2008-2021
Successive governments print money by the billion and suppress interest rates enabling the already wealthy to plough into further asset growth.

The average house price has risen from £157,234 in Jan 2009 to £265,668 in June 2021.

All major stock indices are at or near record highs. Bond yields are at their lowest ever.

2021
The government decides to make younger workers underwrite the capital accummulation of Pensioners by paying for their social care.

Can anyone explain to me why any person under the age of 40 would vote Tory, or indeed for any other party that has gone along with the greatest transfer of wealth from the poorest to the richest, and the youngest to the eldest in the history of our nation?

When do the beneficiaries of government underwritten asset accumulation (I am one) actually get asked to pay? If not now, when?
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#2
Unfortunately there are far more factors that need to be built in here. One of the key components to the asset wealth issue we are facing is the ‘landlord’ growth over the past 20 years. In a time where there is a shortage of housing for the population allowing landlords to buy so many properties with freedom has meant that there are always more buyers therefore pushing prices up. This is where the focus should be, not on pensioners ruining the lives of the youth (creating another social distraction).
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#3
(09-07-2021, 11:28 AM)baggy1 Wrote: Unfortunately there are far more factors that need to be built in here. One of the key components to the asset wealth issue we are facing is the ‘landlord’ growth over the past 20 years. In a time where there is a shortage of housing for the population allowing landlords to buy so many properties with freedom has meant that there are always more buyers therefore pushing prices up. This is where the focus should be, not on pensioners ruining the lives of the youth (creating another social distraction).

Nope, the growth of landlordism is not another factor - it's absolutely integral to the suppressed cost of money - I'm living breathing proof of that. Where else can you get a 5-6% return annually together with average long term capital growth of 3%+ ?
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#4
I genuinely don't get how the Conservatives are in power. No one, as you say, under the age of 40, unless exceptionally lucky, should be thinking the Tories are doing anything to make their lives better.

Sadly though, it's not like the other parties do much to attract them, hence the lower voter turnout, and the votes on silly soundbites over actual policy.

Said before, I'll say it again. This country, and others, is fucked as a democracy.

Not a single party represents me well, and I'm approaching 40, and there isn't a least worst either, they're all terrible.
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#5
(09-07-2021, 12:40 PM)Birdman1811 Wrote: I genuinely don't get how the Conservatives are in power. No one, as you say, under the age of 40, unless exceptionally lucky, should be thinking the Tories are doing anything to make their lives better.

Sadly though, it's not like the other parties do much to attract them, hence the lower voter turnout, and the votes on silly soundbites over actual policy.

Said before, I'll say it again. This country, and others, is fucked as a democracy.

Not a single party represents me well, and I'm approaching 40, and there isn't a least worst either, they're all terrible.

The issue is the world is completely different now to what it was 100 years ago. Consumption, average age, population size, globalisation etc have all changed in such a rapid manor that the system has not had chance to go with it. Capitalism has gotten out of control with the increase of consumerism and the advancements of technology, but we know that socialism does not work as an alternative. 

All in all, its an absolute shit storm world over and like you I have nobody to vote for.
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#6
(09-07-2021, 01:37 PM)Lurker#3 Wrote:
(09-07-2021, 12:40 PM)Birdman1811 Wrote: I genuinely don't get how the Conservatives are in power. No one, as you say, under the age of 40, unless exceptionally lucky, should be thinking the Tories are doing anything to make their lives better.

Sadly though, it's not like the other parties do much to attract them, hence the lower voter turnout, and the votes on silly soundbites over actual policy.

Said before, I'll say it again. This country, and others, is fucked as a democracy.

Not a single party represents me well, and I'm approaching 40, and there isn't a least worst either, they're all terrible.

The issue is the world is completely different now to what it was 100 years ago. Consumption, average age, population size, globalisation etc have all changed in such a rapid manor that the system has not had chance to go with it. Capitalism has gotten out of control with the increase of consumerism and the advancements of technology, but we know that socialism does not work as an alternative. 

All in all, its an absolute shit storm world over and like you I have nobody to vote for.

I suppose where the market falls down is that people should know what's good for them but actually don't. Not even a clue, in some cases. Unless people are compelled to pay more into personal/company plans then you're fugged.
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#7
(09-07-2021, 01:37 PM)Lurker#3 Wrote: The issue is the world is completely different now to what it was 100 years ago. Consumption, average age, population size, globalisation etc have all changed in such a rapid manor that the system has not had chance to go with it. Capitalism has gotten out of control with the increase of consumerism and the advancements of technology, but we know that socialism does not work as an alternative. 

All in all, its an absolute shit storm world over and like you I have nobody to vote for.

Politicians simply don't allow markets to function. That is why capitalism has got out of control.

(09-07-2021, 03:50 PM)Fido Wrote: I suppose where the market falls down is that people should know what's good for them but actually don't. Not even a clue, in some cases. Unless people are compelled to pay more into personal/company plans then you're fugged.

Indeed, and also because government has underwritten individual risk for 13 years now people have forgotten that the basis for wealth accumulation is.....risk.
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#8
Red Wall voters…

[Image: E-s317DXEAEjqvG?format=jpg&name=medium]

Red Wall Tory, ‘I know my place. How much extra do you want me to pay for you both?’
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#9
baggy1 Wrote:Unfortunately there are far more factors that need to be built in here. One of the key components to the asset wealth issue we are facing is the ‘landlord’ growth over the past 20 years. In a time where there is a shortage of housing for the population allowing landlords to buy so many properties with freedom has meant that there are always more buyers therefore pushing prices up. This is where the focus should be, not on pensioners ruining the lives of the youth (creating another social distraction).
Spot on B1. The ease with which you can buy a 2nd property once you have the first one has led to a lack of social housing and rent inflation. This whole argument is divisive and inaccurate. The ruling party is crooked and inept whereas the opposition appears merely inept. The country desperately needs a valid opposition party that provides a genuine alternative and ensures decisions are accountable. (And before anyone starts painting me left or right, I'm an (almost lifelong), self employed small businessman, not a Trotsky-ite).
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#10
(09-07-2021, 06:36 PM)Tom Joad Wrote:
baggy1 Wrote:Unfortunately there are far more factors that need to be built in here. One of the key components to the asset wealth issue we are facing is the ‘landlord’ growth over the past 20 years. In a time where there is a shortage of housing for the population allowing landlords to buy so many properties with freedom has meant that there are always more buyers therefore pushing prices up. This is where the focus should be, not on pensioners ruining the lives of the youth (creating another social distraction).
Spot on B1. The ease with which you can buy a 2nd property once you have the first one has led to a lack of social housing and rent inflation. This whole argument is divisive and inaccurate. The ruling party is crooked and inept whereas the opposition appears merely inept. The country desperately needs a valid opposition party that provides a genuine alternative and ensures decisions are accountable. (And before anyone starts painting me left or right, I'm an (almost lifelong), self employed small businessman, not a Trotsky-ite).
 I am finding politics at the moment is a bit like supporting your own team we will not listen to any other view,
perhaps we could all start to work with a common view where we can all work to help us all but sadly most people are entrenched in there beliefs we have been arguing in parliament since 1707  and were still arguing now
this is why  politics does not work any more
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