RE: RE : Pot of dreams21 Mar 2021 02:37
TP,
"Most business operate on overdraft and loans from their bank"
"And if they didn't before, they do now."
I don't believe anyone is questioning the dreadful state of destruction caused by the pandemic to small, large, and medium businesses.
Many small/medium-size businesses owners have been irresponsible over past decades/years and not retained the profits in an 'Emergency Business Account'
Living in 5 down 5 up houses, twin detached garage, driving high-end leased cars, wearing it on the wrist, and more. (peace of mind, the government will pick up the tab)
Then, there are the irresponsible, new age generations who live life to the full.
Two holidays a year in the sun, and weeks skiing to boot, with no savings for a black swan event but hey ho if worst comes to worst attitude, the government will pick the tab.
As a saver/investor, I am sick to the back teeth having to fund a bunch of irresponsible individuals who haven't put aside jack schit for a rainy day.
It's time to reward savers and investors who rely on dividends and put an end to this spending beyond one's means.
The government is as much to blame for encouraging the party culture. Time for a change, which starts in schools, where children need to be taught about savings versus black swan history events.
Sunak, perfect time to balance public sector pensions with the private sector. Perhaps ALL Governments past & present are saying public sector employees are worth more than a train driver, lorry driver, cleaner, salesperson, supermarket assistants, fishermen, and thousands more.
The private sector can't afford jollies for the public sector.
Discrimination.
ATB & Stay Safe
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