The Politics Thread

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Things you hear:

"Keep your wage demands low, or there will be inflation." (ie absorb the difference in lower living standrards)

Things you don't hear:

"Keep your price increases low, or there will be inflation." (ie absorb the difference in your profits)

Never criticism for companies immediately passing on increased costs (and indeed taking their time to pass on lower wholesale prices when they come down), always criticism for workers trying to keep up with inflation.
 
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vimhawk said:
Things you hear:

"Keep your wage demands low, or there will be inflation." (ie absorb the difference in lower living standrards)

Things you don't hear:

"Keep your price increases low, or there will be inflation." (ie absorb the difference in your profits)

Never criticism for companies immediately passing on increased costs (and indeed taking their time to pass on lower wholesale prices when they come down), always criticism for workers trying to keep up with inflation.
Click to expand...

Difficult in general to determine what is "wholesale" (and therefore
when its price has dropped) throughout an industry sector .

There are however things that can be equitably applied.
The BoE base rate, and govt "duty" taxes, being obvious cases.

Taking the base rate as an example, it should be law that
the date that a bank applies the changed rate to savings
accounts is the same date that the change applies to loan accounts
(and doing the latter before the former is deemed to be
profiteering - and financially punishable) .
 
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Add giving a false statement to the police to the list of **** that he should be locked up for. Twat.
 
Left on the Shelf said:
Interesting that the Haunted Pencil uber-catholic thundercunt isn't on that list.
Might be because he has significant financial interest in abortion drugs! <doh>
Click to expand...
He is on the list:
Jacob Rees-Mogg (Conservative - North East Somerset)
Both lists, actually. Voted against abortion and marriage equality.
 
The RDBD said:
Difficult in general to determine what is "wholesale" (and therefore
when its price has dropped) throughout an industry sector .

There are however things that can be equitably applied.
The BoE base rate, and govt "duty" taxes, being obvious cases.

Taking the base rate as an example, it should be law that
the date that a bank applies the changed rate to savings
accounts is the same date that the change applies to loan accounts
(and doing the latter before the former is deemed to be
profiteering - and financially punishable) .
Click to expand...
Surely any bank that did this would lose all their customers who would switch to more ethical banks.
Unless you don't believe in market forces and think the Government needs to intervene in the details of markets.
In which case where do you stop?
 
PowerSpurs said:
Surely any bank that did this would lose all their customers who would switch to more ethical banks.
Click to expand...

And if they all do it in synchrony (ie behaviour associated with cartels) ??


"Unless you don't believe in market forces and think the Government needs to intervene in
the details of markets.In which case where do you stop?"

My commercial philosophy has long been that you don't :

1. be greedy, nor be a charity
2 take the p*ss

On #2, you stop when tis clear that market sectors
"get the message" (on their balance sheets etc) .
 
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