The destruction of the Middle Classes commences

amcluesent

>living standards in the West were going to drop<

And drop a very long way. But the government will decide that stealing private assets is the least worst way forward over the next 20 years. How ironic for the millions of suddenly unwaged middle-classes that far from avoiding income tax and live frugally off savings, they will now have to pay ever rising taxes on private assets (the mansion tax etc) or risk forfeiting these to the state. Plus the 'death tax' (tricky when you've no income) plus all benefits will be means tested.

FACT - anyone who now has a comfortable livestyle and is made redundant will find they will end up near destitute and homeless before any state aid comes their way. Meantime the elite fools and their political poodles will cavort in their yachts and numerous villas.

Procrastinator333

amcluesent wrote: »

Back in the day, Thatcher responded to the demands of the Tory's paymasters by smashing the blue-collar worker and trades unions, destroying the miners pour encourager les autres.

Since that time, boardroom pay and bonuses have sky-rocketed as corporates chase ever-lower wage economies for manufacturing. The never to be repeated low cost of oil allowed millions of containers of cheap plastic items to come from China, all paid for on the never-never.

Now corporate executives have a new target, and the Tory's are eager-beavers to smash this group too.

I mean of course, professional, salaried employees in finance, HR, IT, R&D, marketing etc. Their annoyingly high salaries, generous T&C and pension liabilities are preventing the top-team getting a further 25% on their 'performance bonus'. So they must and will be smashed, like the miners.

Anyone who thinks that studying, getting a 'good' job and a career is available to them in the UK is sadly an idiot.

Temping, zero-hours contracts, right-sizing, off-shoring, the interweb etc. etc. will see to that.

FACT - everyone who uses a computer for their work is now scuppered. There's millions who are younger, faster, cheaper in Lithuania/India/China/Chile who will be doing your job within 5 years. Even a 2:1 or 1st will mean little when equivalent skills are available on a reverse-auction web-site and half the world is undercutting each other to get the work.

England is finished. By 2050, the living will envy the dead.

:rotfl::rotfl::rotfl:

marklv

Procrastinator333 wrote: »

:rotfl::rotfl::rotfl:

What's so funny? It's the truth.

neverdespairgirl

amcluesent wrote: »

FACT - everyone who uses a computer for their work is now scuppered. There's millions who are younger, faster, cheaper in Lithuania/India/China/Chile who will be doing your job within 5 years.

I doubt it. I use a computer a lot, for drafting etc, but I doubt there are too many barristers in Lithuania or India who can replace me.

nicko33

amcluesent wrote: »

FACT -

I think you meant "GENERALISATION"

StevieJ

amcluesent wrote: »

>. Meantime the elite fools and their political poodles will cavort in their yachts and numerous villas.

Doesn't sound very foolish

poppingjay

marklv wrote: »

I'm not angry with the immigrants, after all they are only trying to better their own position. I'm angry with the scum politicians of left and right who are self-serving bast**ds who are quite happy to see this great nation sink into sludge as long as they get paid by the rich elite, establishment, 'illuminati', call them what you will. The Queen is also to blame as she never says or does anything to contradict the politicians.

I agree with you entirely... most entirely. Oh and I didn't suggest you were blaming immigrants, it was a general observation that I made as a separate response

poppingjay

A._Badger wrote: »

I tend to aree with the first part. Sadly, the history of revolutions suggests they only ever make things worse.

'His' story would say that.... they aren't going to teach you anything other than that in school. The problem is nowadays few people have the wherewithal to survive for even a few days without a supermarket. We're a bit like human pets (tax cattle)

poppingjay

chucky wrote: »

did the US banks increase lending in this period too?

can we point that finger of blame at Gordon Brown and Labour too for that one?

Are you suggesting that governments are in charge of anything? the monkeys might be doing the same dance but the organ grinder picks the tune.

SilverStandard

Alan_Cross wrote: »

The OP exaggerates, perhaps, but his basic theme is valid.

I think he is right on the ball.