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Why should government bail out profiteering

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delt1c

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Why should government bail out these companies. They didn’t offer additional financial payments to the people when they made nice profits for the shareholders so what is different now? Many assets were bought for a fraction of their value. Public transport should be renationised. Not to expensive as wait till share price is rock bottom. Would be cheaper than providing fat cats with steak and would return public transport to the public and for the public.
Government bails out bus firms to keep routes open https://www.bbc.co.uk/news/business-52122342
 
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delt1c

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Because we need to keep the buses running or the nurses etc can't go to work. Same with the trains.

We can deal with ideological matters later.
If run by government we can keep the buses running. Don’t need to tell me about nurses I am involved 1st hand there.
 

Scotrail88

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The government is effectively underwriting the losses incurred during this time - no profit
Effectively operators will run and then be reimbursed for their losses. Everyone is basically running at 0% margin.

Then you have the concerns on future investment as there is no profit but that’s another discussion
 

Taunton

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Because we need to keep the buses running or the nurses etc can't go to work. Same with the trains.
But that's a fiction. The buses are running round completely empty. The nurses are travelling to and fro by car. Just like they have pretty much always done, but even more so now as roads are clear and parking at work, always a key issue, is now fully provided.
 

delt1c

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Amazing even 30 years plus, so many people still believe the Thatcher dreams,somethings benifit from private ownership and some things dont. If public transport is run by goverment for the benifit of the economy and people then the economy will grow. Shame so many still want to put steak on the plates of shareholders whilst the majority of public eat stale bread and mouldy cheese
 

Bletchleyite

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But that's a fiction. The buses are running round completely empty. The nurses are travelling to and fro by car. Just like they have pretty much always done, but even more so now as roads are clear and parking at work, always a key issue, is now fully provided.

Have you ever been to London or other big cities? Your post suggests you maybe haven't.
 

CN04NRJ

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Shame so many still want to put steak on the plates of shareholders whilst the majority of public eat stale bread and mouldy cheese

Really? I know it's a metaphor but come on...

Also, anybody that disagrees with you is automatically a Thatcherite? You can do better than that.
 

delt1c

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Have you ever been to London or other big cities? Your post suggests you maybe haven't.
So the private companies are still making profits , yet crying poverty lets put goverment money into health ,not steak for investors.
 

CN04NRJ

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Really? I know it's a metaphor but come on...

Also, anybody that disagrees with you is automatically a Thatcherite? You can do better than that.

For the record I do agree with you that public transport should be nationalised. Your way of persuading people isn't going to win people around though...
 

Ianno87

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But that's a fiction. The buses are running round completely empty. The nurses are travelling to and fro by car. Just like they have pretty much always done, but even more so now as roads are clear and parking at work, always a key issue, is now fully provided.

Nope. Plenty travel by bus in Cambridge.

Not just nurses either - everyone essentially to running the hospital (cleaners, porters, etc).
 

carlberry

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Amazing even 30 years plus, so many people still believe the Thatcher dreams,somethings benifit from private ownership and some things dont. If public transport is run by goverment for the benifit of the economy and people then the economy will grow. Shame so many still want to put steak on the plates of shareholders whilst the majority of public eat stale bread and mouldy cheese
I assume you realise that, at the last election, the country, by a landslide, voted for a government proposing things that even Thatcher would have regarded as going a bit far. Currently it's trying to deal with a crisis however, when it's back closer to normal, it's not suddenly going to change it's colour.
 

delt1c

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Really? I know it's a metaphor but come on...

Also, anybody that disagrees with you is automatically a Thatcherite? You can do better than that.
Could give many examples, worked through the Thachorite years and have been shown in true light in recent years. I could give many negative examples and why so much poverty , however i will leave it to others to shoot thereselves in the foot. I was there in those negatives years how many on here were
 

Bletchleyite

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So the private companies are still making profits , yet crying poverty lets put goverment money into health ,not steak for investors.

At this stage it doesn't matter. Short-term non-ideological interventions to maintain service and employment/furlough are more important.

We can talk about ideological matters (e.g. nationalisation) later.
 

delt1c

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Really? I know it's a metaphor but come on...

Also, anybody that disagrees with you is automatically a Thatcherite? You can do better than that.
No people who put profit before people, not difficult to comprehend. Did you experience the Thatcher years
 

delt1c

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At this stage it doesn't matter. Short-term non-ideological interventions to maintain service and employment/furlough are more important.

We can talk about ideological matters (e.g. nationalisation) later.
It matters because private enterprise were quick to capitalise when the goverment needed capital. Now the boot is on the other foot. this is a time to look at imediate requirements and the future
 

MotCO

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Not all bus companies are running at a profit. Just consider the number of bus companies which have folded in the last year or so, and continue to do so - e.g. TJ Walsh.
 

delt1c

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I assume you realise that, at the last election, the country, by a landslide, voted for a government proposing things that even Thatcher would have regarded as going a bit far. Currently it's trying to deal with a crisis however, when it's back closer to normal, it's not suddenly going to change it's colour.
because mushroom manure was fed and believed. What goes around comes around
 

delt1c

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At this stage it doesn't matter. Short-term non-ideological interventions to maintain service and employment/furlough are more important.

We can talk about ideological matters (e.g. nationalisation) later.
we can talk bullocks or reality. bottom line is money for shareholders or people. survive and prosper or fail
 
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David Verity

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It really bugs me that people go on and on about "greedy shareholders". If you or anyone you know has a pension then like it or not you are already a greedy shareholder. The money which pays pensions doesn't grow on trees. Beware of what you wish for.
 

delt1c

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It really bugs me that people go on and on about "greedy shareholders". If you or anyone you know has a pension then like it or not you are already a greedy shareholder. The money which pays pensions doesn't grow on trees. Beware of what you wish for.
I am on a pension
The money for my pension grew on my contributions. Dont give me that bollocks . I paid my pension contribution all my working life and am entitled to what i paid for.
 

Taunton

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Have you ever been to London or other big cities? Your post suggests you maybe haven't.
As we actually live in Canary Wharf and I see the bus loads (ie zero) whenever I go out, I'm afraid this falls rather short.
 

delt1c

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I am on a pension
The money for my pension grew on my contributions. Dont give me that bollocks . I paid my pension contribution all my working life and am entitled to what i paid for.
my contributions were to goverment. Look at how many pensioners have lost out due to changes ( without their agreement). We paid in but capitalists refused to honour agreements
 

overthewater

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No one is being bailed out, the companies are just being paid to provide a basic service. Also only england voted in landside for the tories ( biggest margins since 1979)
 

Bletchleyite

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As we actually live in Canary Wharf and I see the bus loads (ie zero) whenever I go out, I'm afraid this falls rather short.

Canary Wharf, as I'm sure you know, is rather an exception to the norm.

Perhaps take your essential walk out into the surrounding area and you may see things differently particularly around hospital shift change times. The less well-off areas around there are areas of VERY low car ownership and use.
 

Whisky Papa

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we can talk bollocks or reality. bottom line is money for shareholders or people. survive and prosper or fail

I'm sorry, I've been a Firstgroup shareholder for donkeys years, having worked for them. Please can you tell me where this money is that apparently I'm getting?
 
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