Comments by "Aden Wellsmith" (@adenwellsmith6908) on "Nationalising essential utilities – like water – should not cost taxpayers anything at all" video.

Which means it goes on the water bills. When the state has control, who pays the fines then?
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@casca5853 So what happens to a shareholder who bought yesterday?
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@Geokinkladze Depends. If it results in the bankruptcy, its an issue. For those who think they can get the assets for zero, as many here are, it won't work. The assets will have been pledged against the debts.
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Where are the trillions the workers have paid the socialist welfare state for their old age?
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@frogandspanner So where are the trillions the workers have paid the socialist welfare state for their old age? TSB is peanuts.
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@lisa5249 So give an example of a government investment that doesn't rely of subsidies and doesn't make a loss.
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@lisa5249 Which means the price will rocket. First you have to buy the assets. The loans are secured on the assets. So the creditors get those. Second you have to run the business. That means getting the cash out of the customers. How are you going to do that? There's a cost of living crisis already. That's why MPs jacked up their own pay.
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@pensarfeoChannel It's got a name. Theft, and its a human rights abuse. But lets say it happens. State takes over, and the mistakes carry on. Now who pays the fines?
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@shinywarm6906 So here's an idea. Banks put in a clause you can't change mortgage provider. Banks then increase your mortgage interest rate to 50%. You default on the mortgage. Banks take your property. Can you see anything wrong with that? Morally or legally?
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@shinywarm6906 You say dividends, which is profits. Is a gross 30% profit margin reasonable? A simple question. That's the profit margin of the government.
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Post the accounts for any government investment showing cost of borrowing against profit made.
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@zetectic7968 So why can't any of you point to any investments by the state that have worked?
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The UK is bankrupt. They are just pouring petrol on the fire. Migration is costing the UK massive amounts. The pension debts are out of control. State spending is out of control. Labour knows this and has gone full fascist as a consequence.
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@phill6859 The big dividend, increase in debts was allowed by the regulator. That's the big issue. It's a failure of regulation. This is a problem that repeats itself across government. For example, I wanted to get the gambling commission to take action on illegal gambling. They had a pack, with the evidence, the works. Crime reports too. Were they interested? No. They would rather deal with bookies and casinos, because that's where they get entertained and jobs when they retire.
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@tropics8407 On regulation the NHS is a good example. An example of what not to do. The NHS combines insurance, medical supply and regulation. When any of those two are combined, the patient loses. Combine all three and its a disaster. That's why we need a Bismarck system where all three are not allowed to be combined.
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So is leaving the pension debts off the books. That's an actual fraud. Section 2, 2006 fraud act. What's interesting is we have a professor of accountancy who won't talk about that.
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@Geokinkladze Depends. If it results in the bankruptcy, its an issue. For those who think they can get the assets for zero, as many here are, it won't work. The assets will have been pledged against the debts.
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@Geokinkladze Being bankrupt isn't fraudulent It can be. You do know the two conditions for being bankrupt. Carry on when either is in place, is fraud if you make ANY statement to the contrary.
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@andrewjohnston9115 So what happens to the officers when the state owns?
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@iainsneddon3010 You're not answering the question. They have not profited by you want to steal from them.
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@iainsneddon3010 But you are justifying taking someone's assets, based on what someone else as done. ie. Because [in your view] X is a crook I'm going to take Y's assets.
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@Geokinkladze NR. Should have gone bust. Now for the big question why did so many banks get in a mess at the same time? It was the regulator. On the bail out, why did the state make a 35 bn profit, at the expense of bank customers, from the bail out? The problem is that its not in the public interest. I've repeatedly asked for any details of government investments that show debt costs, spending and income so we can see if they even break even. Why can't the left provide the evidence? Or why can't' they say how big the socialisat welfare state's debts are? Richard's an accountant, and he can't even state the balance sheet numbers or why they hide the debts.
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@ the banking ratio, the multiple of capital they can lend is set by the regulator. The capital and reserves is the safety factor. Set the ratio too high and it’s your risk reward issue. That’s the regulator. That’s also why so many banks got into a mess at the same time. Systemic issue means it’s the regulator
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@ there are two issues. Credit risk and liquidity. The first means the shareholders lose then the depositors. But for the second the central banks job is to be the lender. That was 2008 for most banks. The SLS cash was all repaid in full. That the state made a massive profit exacerbated the mess. That profiteering came out of people’s pockets
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@soutteruk1 My two year old won't fall for the A or B choice. The problem is we have A and B. For example where are the trillions the workers have paid the socialist welfare state? Why's that not on the books? ======== Are shareholders that blameless about how their company is ripping off its customers? ======== So what's a rip off? 30% gross profit margin for example? Is that a rip off? That's what the state makes on its 'services'
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@soutteruk1 The UK government makes a 30% gross profit margin. See the Whole Of Government Accounts for the numbers
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@soutteruk1 Trickle down is crap. I agree. The core problem is the socialist pension ponzi. If that had been you invested 20% of your income, for your old age, there wouldn't have been arguments about austerity, wealth inequality etc.
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Margaret. No, I'm dead serious. The state makes a 30% gross profit margin. Not that I expect you to take that at face value. I expect you to go and check the whole of government accounts. But I guess you won't do that will you?
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@MargaretDeakin-d6m Nothing to do with private companies. 30% gross profit margin when you compare cost of services delivered compared to taxes.
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@MargaretDeakin-d6m ie. If taxes were £130, and the spending on services was £100, that's a 30% gross profit marging.
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@laurencesmith1435 They are going to discover the "benefits of socialism" in the form of no pensions.
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