RE: Buybacks to restart?24 Sep 2018 11:30
"TFE,you had to bring up Labour's proposed extension of share ownership"
Well it is in the news this morning, so a totally relevant point to "bring up". Not everyone is a wealth creator. Not everyone has the ability to start a company, grow a company and with it jobs. To take away part of the reward for doing reaching a reasonable level of success, disincentives entrepreneurship and investment.
The people running companies are for the most part not stupid people, if they think they are going to have to forfeit some of their profit in order to full-fill the orders of a Marxist government, they're not going to take as much risk investing in this country.
Less investment means less jobs, less jobs means higher unemployment and benefits claimants (Labours Speciality) and with that higher tax... so the company owners will be hit with Marxist ownership and higher taxes... a doubled edged sword.
At first those envious of successful people will think Corbyn is marvellous... with time as inflation goes sky high and the extra money they're getting buys even less than it does now, the penny will drop that Marxism is a recipe for failure.
Just ask Venezuelans.