Jeremy and the vanishing rich

[fretslider]

Some degree of panic has set in. With the Tories in meltdown people are considering what life under Comrade Corbyn might be like - and preparing for the worst.



Britain's billionaires 'prepare to flee country amid fears Jeremy Corbyn will be next Prime Minister'

Britain's wealthiest individuals are preparing to leave the country amid belief Jeremy Corbyn will become Prime Minister, it was reported.

Billionaires and multimillionaires are said to be making plans to protect their fortunes, which include moving their assets and businesses overseas, in preparation of tax increases should the Labour leader enter Downing Street.

According to The Sunday Times, which today publishes its annual Rich List, individuals could take up to £1 trillion out of Britain amid fears over what has been dubbed 'Corbygeddon'.

The newspaper reported that the head of Coutts, the Queen's bank, said clients were more concerned with Corbyn than by Brexit and that a tax expert had helped a number of people with a net wealth of more than £500 million, totalling more than £5 billion, leave Britain over the past year.

Millionaire philanthropist Alfie Best, who built his £285 million fortune through mobile home parks, reportedly said he would pull his personal wealth out of Britain should Mr Corbyn become Prime Minister.

www.telegraph.co.uk/news/2019/05/11/britains-billionaires-prepare-flee-country-amid-fears-jeremy/


It isn't just wealthy individuals....



Corbyn-proof? British water, power firms take nationalisation precautions

Jeremy Corbyn, the opposition leader, has said the state would take control of Britain’s water, electricity, gas and railway operators, as well as Royal Mail and Royal Bank of Scotland if Labour wins power.

uk.reuters.com/article/uk-britain-eu-labour-privatisation-analy/corbyn-proof-british-water-power-firms-take-nationalisation-precautions-idUKKCN1S50BZ


I suspect 'Nick' Maduro will be impressed.

[mouse]

I am more worried about the influx of Arabs and Palestinians who will decend to drink at the trough... not forgetting the South Americans and the left of Ireland and Europe

if your happy and you know it clap your hands

[fretslider]

If Jezbollah does get in I have a feeling there won't be anything in any trough.

Money for this, that and the other. Where will he get it from?

[mouse]

May 13, 2019 5:46:03 GMT -5 fretslider said:

If Jezbollah does get in I have a feeling there won't be anything in any trough.

Money for this, that and the other. Where will he get it from?

any one he and his apratshniks deem to have more than they deserve

[mouse]

May 13, 2019 5:46:03 GMT -5 fretslider said:

If Jezbollah does get in I have a feeling there won't be anything in any trough.

Money for this, that and the other. Where will he get it from?

possibly the selling of theCrown Jewels,,, afterall Gordon the Moron sold off our gold at knowck down prices

[fretslider]

May 14, 2019 3:27:34 GMT -5 mouse said:

May 13, 2019 5:46:03 GMT -5 fretslider said:

If Jezbollah does get in I have a feeling there won't be anything in any trough.

Money for this, that and the other. Where will he get it from?

possibly the selling of theCrown Jewels,,, afterall Gordon the Moron sold off our gold at knowck down prices

You can only fleece the rich so much if you don't want to kill the goose, the rest has to come from borrowing from global markets. That's precisely what happened to Venezuela.


Borrowing to pay for Utopia was great... until the price of oil dropped.


Venezuela is indebted to external creditors [ Russia and China] by a total of something close to $100 billion.

www.cnbc.com/2019/02/07/venezuela-china-and-russia-owed-debts-as-presidential-fight-rages.html


Even the US has a China problem when it comes to debt.

The U.S. debt to China is $1.13 trillion as of February 2019. That's 28% of the $4.02 trillion in Treasury bills, notes, and bonds held by foreign countries. The rest of the $22 trillion national debt is owned by either the American people or by the U.S. government itself.

www.thebalance.com/u-s-debt-to-china-how-much-does-it-own-3306355


And most of the World chooses to believe that the Chinese are building over 300 coal power stations around the world in order to save the planet!


President Xi Jinping hosted the Belt and Road Forum in Beijing over the weekend, promoting his signature foreign policy of building massive infrastructure and trade links across several continents.

The forum, attended by leaders and delegates of nearly 40 countries, came amid growing criticism of China's projects, including their effect on the environment.

www.npr.org/2019/04/29/716347646/why-is-china-placing-a-global-bet-on-coal


Scott Pruitt called the Paris agreement a "bad deal." He claimed China has made no significant efforts to curb carbon pollution, while the U.S. has sacrificed jobs to meet the terms of the pact.

www.ecowatch.com/china-clean-energy-leader-2348002028.html

Very true, Paris requires the US to throw billions of dollars each year in aid at third world nations who have been denied economic development using cheap affordable energy (coal, gas, oil etc) by the UN in the name of saving the planet and its climate. To his credit, Trump said no.


Nonetheless, the Chinese are laughing all the way to the bank.