"Julian Fowler" wrote in message
...
On 10 Feb 2004 12:17:21 GMT, (Huge) wrote:

Julian Fowler writes:
On 10 Feb 2004 11:43:53 GMT, (Huge) wrote:

Julian Fowler writes:

[17 lines snipped]

Home *ownership* shouldn't / need not attract taxation: speculative
property buying/selling should, given the overall benefits of taking
some of the heat out of the property market.

I mean, Ghod forbid that the Little People should become (gasp)
capitalists.

.... in the current, debased, interpretation of the word "capitalist".

Hardly. All I am talking about is the private ownership of capital.
Neither
debased nor current.

My understanding of "capitalism", as used in classical economics, is
that it is about the *use* of capital to support business and
industry: not the accrual of value in bricks and mortar.

Contrary to the belief of the (post) Thatcher generation, capitalism
is *not* about watching the value of your house grow while you scratch
your arse, nor is it about making quick, obscene profits

Profits are not and cannot be "obscene". Your bigotry is showing.

They can: is it not obscene that "designer" clothes are sold at
immense profit to their designers/marketers while they are made by
workers in third world countries for poverty-level wages? Is it not
obscene that city traders can take 6- or 7- figure bonuses while the
rest of us are told that "the value of shares can go up or down" as
our pensions, endowments, and savings take yet another hit? Is it not
obscene that capital is often available only to businesses that can
convince the bankers controlling the capital (controlling, note, its
never *their* money) that the company to be invested in can be sold on
at a profit in 36 months -- sod ideas like investing in a *product* or
in *people* for a slow but long term return.

Or a top company head has a golden parachute. the SKB head is better off
being totally incompetence, as he will make more money being paid off. What
****ed me off yesterday is that a prescription drug I got from the chemist
has they name on, so I/we pay for this incompetence and "greed".