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hardup.
Only idiots think green energy is cheap.
PlatoComes Again.
Affordable homes, equal,s tiny houses that no one actually wants, which of course will go up in price in time anyway. Or 50% ownership which means you never won the property. With the present population increase, we can never provide enough homes anyway. There may be plenty of vacant homes but they are vacant for a reason. Those people moving to rural areas perhaps do not wish to live in our nice black and brown cities, just as our politicians don't, even David Lammy moved to a white Conservative constituency because he did not want his children to join black gangs. The same reason Diane Abbot sent her son to private school, but that turned out to be a waste of money.
"What should happen is green consumers pay the lower generated rate from wind turbines,sun and storage,and the fossil heads the higher gas rate.
Now that's what i call fair."
Correct me if I am wrong, but before Russia invaded Ukraine forcing the cost of fossil fuels higher, the cost per watt to generate "green electricity" from wind farms, solar farms, tidal turbines etc exceeds the cost per watt from electricity generated by fossil fuels. So in effect, fossil fuels were subsidising the price of green electricity keeping the total cost of generation low for the consumer.
Nom
that saved me replying to the nonsense that snige is capable of.
snige - a supplier could call your energy supply and that of others 'green' if on a 'green tariff' purely on the basis that the income could be going into 'green' energy production investments.
You do not buy 100% green electricity... you buy what ever is sold to you by the grid. If it was "100% green" they would need another grid to supply you 'pure green' electricity...
It's a screwed up market.
I buy 100% green electricity from Shell and they are saying the price of wind/sun has gone up 58%.
What should happen is green consumers pay the lower generated rate from wind turbines,sun and storage,and the fossil heads the higher gas rate.
Now that's what i call fair.
Skier1
They already tax the banks more.
Over 2 years of Starmer being in charge, and after all the failed hindsight policy announcements we now get what they believe will be a winner the a so-called popular windfall tax, hardly original is it.
They even disagree on how much revenue it will raise, but hey, once they get spending… we'll just do it again and from more companies.
machiismo posted the other day "I'm fairly certain they all think liberals, communists and socialists are all the same."
No they are not the same but the eventual outcome would be.
Never forget that all these Starmer addict's were chanting 'Oh Jeremy Corbyn' not long ago, just look how that ended.
A lucky escape indeed, the UK could have been fighting against Ukraine alongside the Russians, just think about that.
And they're on here ****ging off the Tory's, democratic socialism my arse.
See y'all.
There's companies out there who have a far greater profit margin when taken as a percentage of their revenue than the likes of BP.
Maybe BOTH labour and conservative governments should have secured this countries energy future rather than considering clobbering companies that already contribute vast amounts of tax into their coffers!
Taxation is not a communist system. Taxation is part of a functioning society, plain and simple. Late stage capitalism only serves the very top of society, which is why wealthy nations like the UK and the US are currently more unequal than they have been in a century.
Sooner or later the greed only leads to one thing and that is civil unrest. Would you rather the "politics of envy and jealousy" leads towards fairer tax burdens for the richest companies or would you rather it leads to a guillotine?
Pick your poison. If you want to be part of society, start looking at it. Oh who am I kidding asking a Tory to think about anyone but himself...
Shell's quarterly net profit margin so far in the 2020s has averaged -1%.
Red politics of envy and jealousy are a slippery slope.
Windfall the oilers and sparkies today.
Tomorrow, the banks.
It never ends.
mac
''than take money from the record-breaking profits of energy conglomerates.''
Yes take/steal amounts to the same thing. Oil companies already pay a higher rate of corporation tax.
What about the $Billions of losses suffered when oil went below ZERO and the current write downs of Russian assets.
It should be a case of swings and roundabouts.
Investors RISK their money investing in these companies any many saw their investment plummet dramatically at the oil low.
It should be risk reward NOT no risk/reward .
mac
''than take money from the record-breaking profits of energy conglomerates.''
Yes take/steal amounts to the same thing. Oil companies already pay a higher rate of corporation tax.
What about the
It's telling that people like skier1 would rather see millions of people struggle to heat and feed themselves than take money from the record-breaking profits of energy conglomerates. Apparently it's Communism to tax obscene profits. I guess it must be Conservatism to enjoy the poor being degraded.
I struggle to wrap my head around certain people's beliefs. How can anyone be such a massive piece of crap as to take the side of vastly wealthy companies swimming in gold over millions of his fellow countrymen struggling to get by?
I guess Tories just have no conscience. Soulless vampires all.
With energy prices as they are IMO its difficult to justify the obscene profits the energy companies are making.
Red Tories strike again.
Their tax raids never end.
If they can raid the electricity suppliers in H1, they can raid the banks for their profiteering on soaring interest rates in H2...
Rishi Sunak has ordered officials to draw up plans for possible windfall tax on more than £10bn of excess profits by electricity generators, including wind farm operators, on top of a hit on North Sea oil & gas producers.
https://ukinvestormagazine.co.uk/ftse-100-falls-as-windfall-tax-hit-sse/?mc_cid=e78c33b752&mc_eid=305a38a814