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Incognito
Richard J Murphy
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Comments by "Incognito" (@Incognito-jf1dr) on "Richard J Murphy" channel.
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@Tensquaremetreworkshop the Government ( the taxpayer) provides protection ( pension protection fund ) to employees when a company becomes insolvent and the pension fund is underfunded. And the government,,,(taxpayer) guarantees everyone's bank savings up to £60,000 if a bank or financial institution goes under
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@Tensquaremetreworkshop your biased disingenuous and inaccurate comments are a regular occurrence. 1 example. , to counter points about how the taxpayer funds help private companies, you counter that the taxpayer also funds education. And there's a consistent flip flopping going on with you. You give a justification for why you don't use private healthcare, but then later claim you have actually used it when you want to claim it as marvellous. Where's the NHS inefficiency? Your evidence ? You've seen someone sorting through brown envelopes !! Well , enjoy your trolling 👍
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Your reply is simply inconsistent with anyone wanting to seriously discuss anything. Do carry on with your trolling career , 😂 @Tensquaremetreworkshop
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Absurd. When you use an individual sorting " brown envelopes" as your data and proof of the inefficiency of the NHS then you are simply trolling.. When you gave your reasoning for not using private healthcare, then miraculously use your experience of using private healthcare to proclaim it's marvellous, you are trolling . Loads of other examples. Carry on with it, I'm sure you aren't being serious with your nonsense, ' being unemployed is a form of freedom " was another absurdity.
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@Tensquaremetreworkshop so an example of your data, analysis, leading to a logical conclusion style of reasoning in regard to the effects of being unemployed is to quote a few words from a song that is about a homeless tramp ( hobo) ? (A Very good song TBF.) Your trolling efforts are quite amusing actually, got any more ?
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I don't need a dictionary to identify a YouTube troll. You can pat yourself on the back about the lyrics of " King of the road" as being a justification for your belief that being made unemployed is actually a freedom and not a devastating event for the vast majority, it's pure nonsense. No apologies to a troll from me. @Tensquaremetreworkshop
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I didn't say you were " offensive" . It's only YouTube, nothing in the comments section makes a difference or matters at all, it's just your opinions, based on your ignorance, prejudice, half baked ideas etc . As you have ably demonstrated on this forum. @Tensquaremetreworkshop
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@Tensquaremetreworkshop Your analysis of the problems with Thames Water completely avoids the privatisation of a debt free industry. After the buyout , the new investors repaid their borrowing to their bank by forcing an equivalent loan to be taken out by Thames Water via a Cayman Island subsidiary. This loan was used to repay the investors bank loan , leaving them debt free but with Thames Water with the debt and now paying millions to service the debt while investors took billions in dividends from the company. I don't think you avoided this, I believe you are simply ignorant of it. Just as you were when you thought that PFI was a Labour construct when it fact it was introduced under John Major's Conservative government.. Btw , TW was debt free when offered for sale because Thatcher wiped out the pension deficit by using taxpayer's money.
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@Tensquaremetreworkshop I'm surprised that you didn't even know about how the Thames Water leveraged buyout forced billions of pounds of debt onto the debt free company, now having to pay millions to service the debt with investors paying themselves billions in dividends. Oh yeah. The industry became debt free because Thatcher wiped out its debt and and pension deficit prior to offering it for sale. Yup, the taxpayer took on the debt. Really you didn't avoid it, you were simply ignorant of it weren't you ?
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You fit the definition of an internet troll. Look it up. Unless you're a mythical Scandinavian creature ? @Tensquaremetreworkshop
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@Tensquaremetreworkshop you don't put TW into massive debt because it needs investment. It spends millions every year to banks to service the debt. Have a good Sunday, take care, been nice having a sensible conversation.
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@Tensquaremetreworkshop it's not difficult. You've explained the problems with privatisation very succinctly. You also ignored the billions paid to investors .. So much so, that a few years ago they actually had the cheek to ask the Government ( taxpayer) to fund the "super sewer" project. A cost at that time that was equivalent to the dividends siphoned from TW. So, years after Privatisation, we have an industry drowning in debt, paying billions to investors and billions to service the debt. And with appaling service and illegal practices everywhere. BUT those wealthy investors( who didn't actually invest any of their millions) know the Government ( taxpayer) will have to bail them out eventually. Privatisation has worked as it was intended. To enrich the wealthy.
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Thames Water at the time of Privatisation had a leveraged debt of 7% . It's now 82%. And your take on the situation is totally at odds with how the Financial Times views it. In fact, your explanation of how in fact it's working just fine is in contrast to every other article I've ever come across. @Tensquaremetreworkshop
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@Tensquaremetreworkshop If you believe, contrary to everyone else, that the Privatisation of TW was a success, then you are being deliberately contrary and ignorant in the style of a classic internet troll.
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@Tensquaremetreworkshop The Government should through borrowing from it's own bank (BOE) fund infrastructure projects. ... Stop being inhibited by ridiculous financial accounting rules. Investment vehicles exist solely to provide returns to its investors, anything else is secondary. Look at the billions the taxpayer is obliged to subsidise our privatised Nuclear energy companies. The £5b taxpayer bailout of failed Bulb energy. Fortunately we got most of it back. CEO of Bulb has gone into energy storage, with a £77 taxpayer gift. Everywhere the state is helping, funding, bailing out your adorable private sector
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@Tensquaremetreworkshop you said it was the solution to the problem. It wasn't.
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@Tensquaremetreworkshop 😂 nice try.
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@Tensquaremetreworkshop you've abandoned your stance on privatisation completely. Very sensible.
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@adenwellsmith6908 yes , wealthy Corporations are being subsidised because the taxpayer has to pay benefits to the working poor, because Corporations won't pay a decent wage and we can't collect taxes from the low paid. The wealthy get to increase profits at the expense of the taxpayers
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We could spend that same money on hospitals, school's, infrastructure etc instead of on weapons
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@richardhale9664 absolutely. House price inflation should be included in the information figures.
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They didn't say that. @ThomasVWorm
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Having influence is something every nation strives for. . Britain and America do it all the time
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How does having pieces of metal hidden away underground do anything at all for us If all that gold disappeared overnight would our monetary system implode ?
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@goingpostal5858 good
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@JimPrice-i2c we won't miss the rich , they hide their wealth away to avoid paying tax anyway, good riddance
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@ajnaughtin1 maybe YOU should read up about Venezuela.
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America views us as an unsinkable US aircraft carrier.
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The word NAZI comes from the German for National Socialism. One of the groups they murdered were Trade Union members, left wing groups, Communists etc. No they were most definitely NOT socialists or Left Wing. @joejoejoejoejoejoe4391
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@joejoejoejoejoejoe4391 the Nazis in 1933 promised industrialists that they would destroy socialism and trade Unions.if in power . They got 2mReichmarks contribution. Their welfare was only for ethnic Germans and had to be members of the party , opponents of the regime, anyone of Jewish decent, socialist who hadn't been murdered and others were denied.. Support for industries was given in trying for control and commitment to the party. This attempt to link genuinely Socialism to the to Nazism is just a rewriting of history. But you made very good points that I was unaware of. Thanks for a well put together comment, makes a change to read something with actual facts and evidence 👍
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@rampageashton A leftist doesn't decide to put a debt to the Banks before our pensioners
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Spending on weapons instead of spending on hospitals, schools, infrastructure etc isn't the way to improve the country.
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@TheCornish123456 I don't think you've actually seen what sort of people use food banks, which are actually funded by donations and not by you.
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@TheCornish123456 you seem to spend a lot of your hardworking day on YouTube
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And the wealthy have access to the UK's tax havens to hide and protect their money and avoid paying taxes
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@danksheev66 that Labour defeat actually won MORE votes than Starmer:s landslide! What a farce of a system
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@MangoGreatestI bet you and none of your recent family are in the military. Typical stay at home patriot willing youngsters into war
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@MS45636 l Hitler had large support too
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You can spend the money directly on things that improve our country instead of on weapons.. We shouldn't need to create jobs by training people to go off and get killed overseas.
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@peteraston4753 it's nowhere near 50 years
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antonystringfellow5152 Russia isn't a threat to us. If the west hadn't pushed it's missiles up to the Russian borders we wouldn't have the present war
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Bsnks unrestrained lending is driving home price inflation. and instead of the market adjusting prices downwards when properties sre unaffordable, the price merely remains unaffordable but you are offered a percentage share in the property with the owner owning the rest.
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@kevinsyd2012 Tax havens were established to avoid the rules, regulations and taxes that apply to UK workers. Of course it's legal, the rich must be allowed to infiltrate government, influence policies and avoid paying taxes like the rest of us have to
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@kevinsyd2012 the poor pay taxes every day in the form of VAT at the same rate as the rich..
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@Phenn5589 QE didn't cause inflation.
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@billB101 it worked for banks.
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@billB101 I know.QE for banks just repaired their financial black holes. QE for us could repair roads, hospitals, schools, even build new health facilities create jobs, and in no way contribute to inflation.etc etc
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@danielpye7738 No. They use QE to fund hospitals, schools, health care facilities etc etc.
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Not everyone has home owning parents.
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