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MSE, I disgree
jago25_98
Posts: 623 Forumite
Some general comments. Perhaps a bit of a moan. I appreciate what MSE does however,
1) It's not a loophole :-)
2) Spending money on something that isn't essential to life isn't moneysaving
3) Jimmy Carr pays only 1% tax whereas I pay >22% ...but that contribution has brought more into the economy than I have, both overall and internationally into the economy. Tourists come to the UK to see the kind of personality that JC advertises internationally. Income tax has shakey legal basis.
4) Printing money is very bad. It's going straight to the banks and not going anywhere near the places it's supposed to be. It's the rape of our country and traditionally the precursor to major wars from since pre biblical times to WWII and beyond. It's not really covered here.
Graph the price of gold to currencies and we start to see why places like Australia are doing so well - lower inflation.
Would like to see more on how to avoid using banks altogether even though I know it may bring on economic doomsday quicker.
5) Loans & debt are in our society and this comes into the culture here. Debt free is a goal but it's considered extremist to aim for this goal even when a debt like this could generate many more funds. It's a fine line to reflect society and to lead it. I think MSE does a good job.
I also think MSE is a good introduction to British culture. You'd be suprised how other countries are with saving money; it's very different.
6) I wonder how MSE makes it's money. We know a bit but even so I'm sure we're all wondering.
1) It's not a loophole :-)
2) Spending money on something that isn't essential to life isn't moneysaving
3) Jimmy Carr pays only 1% tax whereas I pay >22% ...but that contribution has brought more into the economy than I have, both overall and internationally into the economy. Tourists come to the UK to see the kind of personality that JC advertises internationally. Income tax has shakey legal basis.
4) Printing money is very bad. It's going straight to the banks and not going anywhere near the places it's supposed to be. It's the rape of our country and traditionally the precursor to major wars from since pre biblical times to WWII and beyond. It's not really covered here.
Graph the price of gold to currencies and we start to see why places like Australia are doing so well - lower inflation.
Would like to see more on how to avoid using banks altogether even though I know it may bring on economic doomsday quicker.
5) Loans & debt are in our society and this comes into the culture here. Debt free is a goal but it's considered extremist to aim for this goal even when a debt like this could generate many more funds. It's a fine line to reflect society and to lead it. I think MSE does a good job.
I also think MSE is a good introduction to British culture. You'd be suprised how other countries are with saving money; it's very different.
6) I wonder how MSE makes it's money. We know a bit but even so I'm sure we're all wondering.
Order of events: Banks lose our money -> get bailed out -> were inflating GBP to cover it -> now taxing us -> next will grab your funds direct -> things get really desperate to balance the books. What should have happened?: banks go bust and we lost our money much quicker
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Comments
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What an excellent discussion topic for the forums. I thought I'd put in my oppinion for what its worth! I think most of what's on the site is common sence however I haved worked in banking for 5 years so had a good idea of how cards work etc but some people don't fully understand all the rubbish banks throw at us in T&C's etc so its nice to have MSE to put everything in plain english.
On your points...
1. I think the term loophole is being used loosely
2. Define essential. To some people that might be owning an Ipod to others its grocery shopping, either way the site helps you to obtain certain things cheaper, hence money saving.
3. I agree on this point, I think most people would of done what jimmy did. Lets not forget people like David Cameron are quick to point out JC's misgivings but he's got some major financial one's of his own so I've read elsewhere!
4. I don't think there's any better solutions, what would you suggest?
5. I think to have debt is essential. I'd of needed to save to buy my house instead of having a mortgage.
6. Agreed. There's usually a greater agenda behind everything, but I don't care because I benefit from using the site. Just last night I got a Dominoe's pizza with 50% off (back of the net!)
On a separate note, I think MSE is great!0 -
Wonder no more, all is explained here...
6) I wonder how MSE makes it's money. We know a bit but even so I'm sure we're all wondering.
http://www.moneysavingexpert.com/funding0
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