Current Affairs Coronavirus Thread - Serious stuff !!!

[john jako]

The family that run my local have two Punch Taverns Pubs - they run them as a family concern, so everyone in the family is invloved.

Their outgoings on both pubs combined, before they start making a profit is six grand a month - that`s all the bills, rent, wages, utilities, Sky, BT, beer etc.

It’s crazy isn’t it. My local uses sky but he can’t afford to get BT aswell. When amazon showed the games at Christmas he also said that was about 600-800 quid if I remember correctly. It’s silly money in terms of outgoings for them.

 

[Foot Long Hot Dog]

There’s not going to be many repoed homes, at least in the short term with regards to payment holidays, missus works as a law firm that instructs bailiffs etc and essentially she’d be surprised if any bank was stupid enough to risk the PR disaster to reclaim property until after summer. (Plus the legal costs of doing such will skyrocket as the whole thing is a mitigating circumstance.)

Even the markets, whilst down aren’t exactly in a position prime for exploitation. There’s so much uncertainty about how the world changes going forward, the demand for oil might never return to the level it was at.

Short term I agree, medium term I don’t. The protection given in terms of payment holidays is fine, but once this is over there won’t be an immediate return to the levels of spending that our consumer lead economy relies on, many furloughed workers will end up seeing themselves the victims of cost base realignment within virtually every business in the country. Redundancies will be massive and it’s in the wake of that, that the housing market crashes together with repo’s etc.

 

[tsubaki]

The die has already been cast mate, it’s too late to stop offshore vulture capitalist cash cleaning up in the aftermath of this. The hedge funds have already started, they’ve been absolutely cleaning up in a volatile and fast moving market.

Once you get global agreement to do this, actually doing it will be really easy - almost all the assets and holdings are usually in non tax haven locations and could be got at.

I am not even talking about seizing all of it either; 30-40% would pay for a lot of the economic support (which has benefitted them).

 

[Foot Long Hot Dog]

Once you get global agreement to do this, actually doing it will be really easy - almost all the assets and holdings are usually in non tax haven locations and could be got at.

I am not even talking about seizing all of it either; 30-40% would pay for a lot of the economic support (which has benefitted them).

Mate, have a look at who are the biggest beneficiaries of Trumps COVID tax measures and then ask yourself whether a worldwide agreement and clamp down on offshore tax dodgers is even vaguely likely.

 

[Walken]

My point is, why even bother at all?

So they can refuse to answer questions individually on an interview basis, transparent insincere cummings tactic

 

[mahermi1]

Once you get global agreement to do this, actually doing it will be really easy - almost all the assets and holdings are usually in non tax haven locations and could be got at.

I am not even talking about seizing all of it either; 30-40% would pay for a lot of the economic support (which has benefitted them).

Start with Rees Mogg please..

 

[Tubey]

Mate, have a look at who are the biggest beneficiaries of Trumps COVID tax measures and then ask yourself whether a worldwide agreement and clamp down on offshore tax dodgers is even vaguely likely.

Not only that, I'm always uneasy on the idea of basically robbing people that way, no matter what the method of getting the money was. If they made their money legally, I don't think you should be able to retroactively take it from them.

I'm all for closing loopholes and making these havens no longer possible and for people being made to pay tax fairly, but not for robbing people who were basically smart enough to make money.

It's like how Rees-Mogg is going to make a killing off this and Brexit. Sure, he's sub-human scum for doing so, but what he's going to do is entirely legal sadly.

 

[tsubaki]

Mate, have a look at who are the biggest beneficiaries of Trumps COVID tax measures and then ask yourself whether a worldwide agreement and clamp down on offshore tax dodgers is even vaguely likely.

Ordinarily it never would be, but the alternative is that the likes of us have to pay this back. That isn’t going to happen, so unless they are going down the debt cancellation route then there is no other place this money is ever going to be found.

 

[NilSatisOptimum]

Funny been listening to the indignation of our media wondering why our airports are still open, in particular from other hotspots of COVID19, probably following that unique expert advice that only the British Government is getting...

 

[mahermi1]

Funny been listening to the indignation of our media wondering why our airports are still open, in particular from other hotspots of COVID19, probably following that unique expert advice that only the British Government is getting...

That unique expert advice must be off EasyJet...

 

[roydo]

Funny been listening to the indignation of our media wondering why our airports are still open, in particular from other hotspots of COVID19, probably following that unique expert advice that only the British Government is getting...

I looked into this yesterday. Heathrow bloke said pretty much all passenger arrivals are at very low passenger numbers, with pretty much all the passengers being repatriated. Able to cope with social distancing easily on board.

Might be BS, dunno, but he also said that no one is travelling to the UK for holiday or business.

 

[BlueToff]

Ordinarily it never would be, but the alternative is that the likes of us have to pay this back. That isn’t going to happen, so unless they are going down the debt cancellation route then there is no other place this money is ever going to be found.

Higher taxes and they'll use it as an excuse for more cuts.

I'm not saying I'm happy with this or accept it, but realistically it's what's going to happen isn't it?

 

[NilSatisOptimum]

That unique expert advice must be off EasyJet...

Maybe this one!

?

 

[bullybeef]

Pack it in.

They complained a few weeks ago, as they were rightly scared that a mass influx of day trippers and tourists would infest their communities with their virus, leading to people within those communities dying.

And what’s changed?

 

[tsubaki]

Higher taxes and they'll use it as an excuse for more cuts.

I'm not saying I'm happy with this or accept it, but realistically it's what's going to happen isn't it?

Why would anyone accept that, though?

A government that tries to do that after a disaster like this, in which cuts played a clear part, is not going to be a government for very long.