RE: Bloomberg extract18 Aug 2023 12:46
They used a political play to make a mess of an industry . They know that value is destroyed, they don't care .
Its about the optics of the population at large.
They don't have the detail nor realise the truth. They are sold the narrative of large profits from BP and Shell in every BBC visual and headline. The readers don't understand that those firms have little to do with the UK .
A low paid person earns not much by definition and is just resenting those who do so who better to exploit that anger and not provide a real solution, as that is too hard ,but a false solution ie to tax the made to be bad guys is easy so they do that.
The reason we have debt all over the world should tell you all you need to know about the skill or competence of politicians and the short sighted nature of voters all over the world > Cutting costs. balancing budgets , living within the means does not get votes to any party Largesse does as the sales pitch is "the rich get richer so we should tax them more " Yet they have taxed them more and more and more , whilst ALL or almost all these taxes have done nothing but to add to the debt pile as they are squandered.
Its the way many people are naturally programmed. " my failure is not my fault but the fault of the cheating successful ,smarter , harder working person . "They probably inherited it all" . "they are privileged", etc etc etc Appease the crowd is what a politician wants to be seen as doing never mind the consequences .
With that powerful victim feeding mentality' politicians take your votes your tax and keep you poor and victims . And take Enquest down too as they don't care .
A funny story of when I was back in school , we had to elect the student representative and my friend wanted to win just for a laugh and asked me how. So I told him to make really stupid promises. One was to put a open pool on top of the school building . to build a videogames arcade room where money earnt would go towards the school gym and other stuff like installing a sound system, and more school parties , sweets vendor machine etc he won ! Nothing that was promised was ever delivered of course , it was all fantasy . The more sensible kid had proper ideas and good deliverables but lost badly. Am mates with the sensible kid today as we discussed these dynamics very often.
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