531colin wrote:Sooper8 wrote:.............When Northern Rock went under, the whole nation bailed out them out (ie subsidised them) to the tune of £millions if not billions, for the sake of the banking industry and ultimately the countries economy................
Not that many years ago ,J K Rowling, single mum on benefits, struggling to pay the bills- 'subsidised' by the state to survive, now more than made up for that with her tax and income generation for a multitude of other industries.
Osbourne wants people to turn on themselves as opposed to looking at the minority who have the vast majority of the wealth in this country.
Actually many ordinary people had savings in Northern Rock....would you have preferred them to lose their money?
JK Rowling would be to me an illustration of how a safety net benefit system should work...there to support in time of need, not as an alternative to working.
I have no idea what Osbourne wants and, if I'm honest, very little interest....no idea what that sentence means, either.
I would like people to rely on themselves and make a life for themselves....its really quite comfortable these days, things which most people take for granted now used to be a luxury...a car, central heating, foreign holidays, hand-built bicycles. Yes, you can find somebody who has more money than they can spend....get over it!
In answer, no, I wouldn't want them to lose their money. I am making the point that when it suits the gov't/bank interests we can effectively nationalise a bank (ie a bank subsidised by everyones money). My more subtle point was that it is too important to let a bank go under- but if it is managed badly and goes under, then the only alternative is nationalisation by another name. If we had nationalised banks then it wouldn't have gotten to that point, and if profits were made they would go back to the 'owners' ie the people.
The Osbourne sentence in a nut shell means 'divide and rule'.
And yes, I was using Rowling as an example of a benefit system that works. Read my earlier post and I think you'll get where I am coming from...?