Comrade Marx

[Comrade Marx @ComradeMarx1]

@AscendedYield And yet the Chinese stock market is on the floor

[Comrade Marx @ComradeMarx1]

@JoyceCarolOates The end is nigh

[Comrade Marx @ComradeMarx1]

@Samfr This shows that as many people are sympathetic (to some degree) as not.

It’s also badly worded; if you have “not much” sympathy, you didn’t choose “none”, then logically you have some sympathy.

[Comrade Marx @ComradeMarx1]

@Birdyword It’s a Leeds-Zurich mashup,

[Comrade Marx @ComradeMarx1]

@Sime0nStylites What’s the alternative? Tax the workers even more, to pay for retirees?

[Comrade Marx @ComradeMarx1]

@Samfr The keyword in the first sentence is “theoretically”.

The idea that you are going to tax people a lot more with interest rates this high is for the birds.

[Comrade Marx @ComradeMarx1]

@alexgroundwater @moving_charlie If rates were to fall by 1.75%, that will give FTBers some help.

And if you can get the LTV down with repayments and/or capital gains, you can move to a slightly lower rate anyway.

Might not be all bad news!

[Comrade Marx @ComradeMarx1]

@LukeTryl @guardian The north of England voted for Brexit, much to London’s dismay.

Parochialism is as parochialism does.

[Comrade Marx @ComradeMarx1]

@alexgroundwater @moving_charlie Anecdotally:

- I was an FTBer in 2009
- house prices had fallen quite a lot
- as you say, banks’ requirements were stringent
- rates were high-ish (not this high) and came down

This time it might not work out like that, I know.

[Comrade Marx @ComradeMarx1]

@alexgroundwater @moving_charlie I agree journalists can oversimplify.

I suspect winners aren’t necessarily the fortunate few, but also:

- FTBers
- Perhaps people looking to earn investment income in the current environment (though it’s risky)

Looking for long term winners can be counter-intuitive too.

[Comrade Marx @ComradeMarx1]

@Samfr It was never about the money was it.

Pure class war.

[Comrade Marx @ComradeMarx1]

@rcolvile Rather like privatisation in Britain?

[Comrade Marx @ComradeMarx1]

@RideoutTim @JoMicheII We haven’t had a government surplus since the turn of the millennium. Your argument suggests the private sector was in surplus during austerity.

[Comrade Marx @ComradeMarx1]

@RideoutTim @JoMicheII We were talking about government debt, not private sector debt.

I don’t actually see how austerity forces the private sector into debt; plenty of companies have deleveraged since the GFC, but that’s something else.

[Comrade Marx @ComradeMarx1]

@DanNeidle Saying you want to keep taxes unchanged when spending is projected to increase is the same.

[Comrade Marx @ComradeMarx1]

@impervius @MerrynSW Yes but I don’t see Labour or the Tories reversing his change.

Too much political grief about benefitting the wealthy would ensue.

[Comrade Marx @ComradeMarx1]

@Gilesyb You need to consider that London is (still) where the money is. This is very clear if you look at regions in fiscal surplus/deficit.

If Birmingham becomes richer by increased association and moves to fiscal surplus, wealth will gradually “trickle north”.

[Comrade Marx @ComradeMarx1]

@Gilesyb I think the answer is:

Because the population is ageing, the population is ageing, the population is ageing, no-one wants it.

Doesn’t trip off the tongue so we’ll though!