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Confused about CGT

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  • John_Pierpoint
    John_Pierpoint Posts: 8,401 Forumite
    Part of the Furniture 1,000 Posts
    edited 19 July 2011 at 12:21AM
    I don't really know what a "Jewish Accountant" is, at the risk of being portrayed a peddling anti Semitic stereotypes, I will try to explain:

    I had a friend who trained as a articled clerk at a largish firm of London Chartered Accountants and the expression seemed to be used there
    (Friend is long dead so it gives you some idea of how long ago this was - probably nearer to WW1 than to the present day).

    I think it meant something like:

    - "good with money" from a long historical association with banking.

    - excessive attention to detail.

    - prepared to haggle a discount off anything, as a sort of sport.

    - able to argue the hind leg off a donkey.

    - a suggestion of a loyalty to some "higher ideal".

    To my way of thinking the above attributes are a natural result for a group of people who for centuries must have felt insecure, like foreigners in Christendom:
    - Unable to own land - the ultimate status symbol.
    - Able to loan money at interest.
    - At risk of having to pack up and start over.
    So
    - Encourage children into trades that can pack up and restart with minimal physical assets:
    Goldsmith?
    Tailor?
    or better get them trained in the professions, for high value added jobs, where the skill in carried in the brain:
    Goldsmith -> Banker ->
    Accountant.
    Doctor.
    and from an education system that encourages discussion, debate and argument:
    Lawyer.

    I will leave the last word to this American blogger:
    http://dannymiller.typepad.com/blog/2005/08/santa_monica_be.html


    I think the phrase may be in more current usage in North America, as here being "careful with money" may mean Scottish or someone from Yorkshire.
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