Comments on: Did we just feel the warning tremors of the next financial crash? https://leftfootforward.org/2014/01/did-we-just-feel-the-warning-tremors-of-the-next-financial-crash/ Left Foot Forward is the home for UK progressives. We provide evidence-based analysis on British politics, news and policy. Thu, 30 Jan 2014 13:22:00 +0000 hourly 1 https://wordpress.org/?v=6.9.5 By: LB https://leftfootforward.org/2014/01/did-we-just-feel-the-warning-tremors-of-the-next-financial-crash/#comment-231736 Thu, 30 Jan 2014 13:22:00 +0000 https://www.leftfootforward.org/?p=78893#comment-231736 In reply to Ranjit Sidhu.

Of course you wont’ reply because you know you haven’t got an argument to make.

Abu Quatada isn’t and wasn’t good for the UK. You won’t even debate that because it makes your argument that any migrant is good for the UK bogus.

So lets move on.

You won’t even answer a simple question as to how much tax a migrant needs to pay to break even. Why would that be? Ah yes, it shows that lots of migrants aren’t good for the UK. For example, any migrant on welfare clearly isn’t paying enough tax to be a benefit.

At the other end, there are migrants who are good. Those who pay a lot of tax.

So what are your tactics. In your case its that you won’t debate, because you know you would lose of the facts.

I’ve the numbers. 5K a year for pensions for those earning pension rights plus 11.5K a year to cover the average spend.

There aren’t many migrants paying 16.5K a year in tax. Some do, and we need those. Many don’t, and we don’t need those.

If you want them, you could sponsor them. Pay out of your own pocket.

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By: Ranjit Sidhu https://leftfootforward.org/2014/01/did-we-just-feel-the-warning-tremors-of-the-next-financial-crash/#comment-231735 Thu, 30 Jan 2014 13:03:00 +0000 https://www.leftfootforward.org/?p=78893#comment-231735 In reply to LB.

Thanks for the comments.

LB- I will not reply to your comments as you seem to be obsessed on particular issues and cannot see I can add further in any way.

Now, Sparky, firstly: Your previous comment on a immigration was to quote “Ranjit Sidhu. Ask yourself how much of an impartial observer he’s likely to be in the debate.” Hmm bit more than “I used your name to draw attention to the fact I was addressing you”.

Now, secondly, (and this is what made me chuckle regarding your previous comment), I am a company director, with over a decade of experience of data/analysis provision to medium, small and major multi-nationals, government organisations and non-profits, in UK and aboard. Sorry.

However, even if I was an intern, a student or whatever, it should not matter as the analysis and point of view in the article is what matters. So I see it as irrelevant.

Anyway, thanks again for reading the article and have a great day.

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By: Sparky https://leftfootforward.org/2014/01/did-we-just-feel-the-warning-tremors-of-the-next-financial-crash/#comment-231728 Thu, 30 Jan 2014 12:11:00 +0000 https://www.leftfootforward.org/?p=78893#comment-231728 In reply to Ranjit Sidhu.

I used your name to draw attention to the fact I was addressing you.

By the way, the man is the ball. The people who write the articles on these pages universally have no qualifications or experience of business or economics. They work as professional ‘bloggers’, think tank policy researchers, interns, students. They don’t have degrees in economics, accounting, or business, or even a numerate discipline. They have never run a business. They have never worked in financial services. They have never met a FTSE100 director. They probably couldn’t even explain what a balance sheet is, what a futures contract is, how currency markets work. And yet, strangely, despite this complete lack of any credibility, they delight in telling us all exactly what is wrong, and exactly what needs to be done to fix it.

So I will ask again: aside from cutting and pasting your article together from various sources, can you provide any supporting information about your background that would give more credibility to your views? It’s a perfectly reasonable question, and since you’ve chosen to put your work into the public domain with your name attached, you should be prepared to answer it.

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By: LB https://leftfootforward.org/2014/01/did-we-just-feel-the-warning-tremors-of-the-next-financial-crash/#comment-231723 Thu, 30 Jan 2014 11:44:00 +0000 https://www.leftfootforward.org/?p=78893#comment-231723 In reply to Ranjit Sidhu.

I’ve played the ball.

Abu Quatada? Good for the UK or not?

Are you going to play football or not on that matter?

If you want other questions

1. How much tax does a migrant need to pay in order to be an economic benefit?

It’s not in the CREAM report., its studiously avoided

2. Should migrants pay a fair share of the common goods such as defence?

Or should we do as the CREAM report does, and say that migrants pay nothing, and the Brits pay it all

3. Should migrants get pensions for free?

The CREAM report ignores the cost of pensions.

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By: LB https://leftfootforward.org/2014/01/did-we-just-feel-the-warning-tremors-of-the-next-financial-crash/#comment-231722 Thu, 30 Jan 2014 11:41:00 +0000 https://www.leftfootforward.org/?p=78893#comment-231722 In reply to Fabian Vanham.

http://www.if.org.uk/archives/2031/ons-reveals-full-uk-pension-liabilities

The results showed the extraordinary sums that Britain has committed to pay its future retirees. In total, the UK is committed to paying £7.1 trillion in pensions to people who are currently either already retired or still in the workforce.

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Why have you ignored the pensions and equated borrowing with debt?

It’s one of the tricks.

I agree entirely with the debt deficit confusion.

There are other tricks.

Percentage of GDP is another.

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By: Fabian Vanham https://leftfootforward.org/2014/01/did-we-just-feel-the-warning-tremors-of-the-next-financial-crash/#comment-231683 Wed, 29 Jan 2014 17:56:00 +0000 https://www.leftfootforward.org/?p=78893#comment-231683 In reply to LB.

Where is this 7.1 tn figure coming from? Last I checked, if you include the hidden costs such as PFI, the figure is around the 1.2 tn mark and rising, whilst the current government deliberately conflate debt and deficit to pull the wool over the eyes of the electorate. Labour are guilty, but hardly alone in bearing the blame, what with the complicity of their opposition when out of power, and the continuation of said madness when in power.

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By: Ranjit Sidhu https://leftfootforward.org/2014/01/did-we-just-feel-the-warning-tremors-of-the-next-financial-crash/#comment-231664 Wed, 29 Jan 2014 15:34:00 +0000 https://www.leftfootforward.org/?p=78893#comment-231664 In reply to LB.

Financial Times, Today 29 Jan: “US stock markets have opened sharply lower …the gradual withdrawal of stimulus by the US Federal Reserve is exacerbating challenges faced by emerging economies including South Africa and Turkey.”

Sparky when I write on immigration you commented on my name as invalidating my argument and now this , I hope you start playing the ball rather than the man. LB as per above.

Thank you for your comments.

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By: LB https://leftfootforward.org/2014/01/did-we-just-feel-the-warning-tremors-of-the-next-financial-crash/#comment-231606 Tue, 28 Jan 2014 19:09:00 +0000 https://www.leftfootforward.org/?p=78893#comment-231606 In reply to Sparky.

I doubt it.

He thinks all migration is great.

Quite why Abu Quatada is great for the UK is beyond me.

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By: LB https://leftfootforward.org/2014/01/did-we-just-feel-the-warning-tremors-of-the-next-financial-crash/#comment-231605 Tue, 28 Jan 2014 19:09:00 +0000 https://www.leftfootforward.org/?p=78893#comment-231605 7,100 bn of pensions debts, borrowing, PFI, why won’t Labour discuss the debts they have run up?

Ah yes, they want to extract as much money from the public before it goes tits up and then blame someone else.

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By: Sparky https://leftfootforward.org/2014/01/did-we-just-feel-the-warning-tremors-of-the-next-financial-crash/#comment-231581 Tue, 28 Jan 2014 14:09:00 +0000 https://www.leftfootforward.org/?p=78893#comment-231581 Ranjit Sidhu -do you have any qualifications or professional experience in economics or financial markets?

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