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Mike Mitchell
 
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Default Will the chancellor cane house owners in the budget?

On Tue, 17 Feb 2004 12:01:06 -0000, "Mal"
wrote:


"Mike Mitchell" wrote in message
.. .
On Mon, 16 Feb 2004 23:44:25 +0000, Andy Hall
wrote:

On Mon, 16 Feb 2004 23:05:00 -0000, "IMM" wrote:


"Andy Hall" wrote in message
. ..
On Mon, 16 Feb 2004 21:00:56 +0000, Mike Mitchell
wrote:

On 16 Feb 2004 02:41:39 GMT, (Huge) wrote:

Andrew writes:

If the banks can be hit with windfall profits taxes so can we.

I have another name for windfall taxes. Theft.

But the Royal Bank of Scotland will be announcing a profit this week
of £6 billion! The big four banks are reckoned to have made £50,000
EVERY MINUTE of 2003. This is not what I would call a reasonable rate
of return.

Why?

It is greed, pure and simple.

No it isn't. The objective of any business is to maximise
shareholder return.

Which is wrong.

No it isn't. It is the first objective of any business.


The self-employed? How come thousands of small businesses can provide
a useful service, both to their customers and themselves, with no
shareholders involved?

MM


They are the shareholder. They will try to maximise their own return.


Good for them! They are doing the work. They earn the rewards.
Shareholders do neither.

MM