Quote:
Originally Posted by jfman
It’s a failure of capitalism, yes. Those billions aren’t coming from thin air, they’re coming from the pockets of consumers because competition doesn’t exist. That’s literally the economic definition of market failure.
The example you cite are innovative yes, but many are not in the previously nationalised industries. They’re benefiting from taxpayer investment previously made and being sold off cheap.
The fact they have charitable foundations is an irrelevance to the matter.
---------- Post added at 19:15 ---------- Previous post was at 19:09 ----------
I think it’s safe to say people planning to save £4bn in tax don’t wake up one morning with a dose of altruism and decide to pay it.
It’s okay though, they made £1bn of investment for some good news stories so the net loss of £3bn.
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The alleged £4bn has already been subjected to UK tax.
Which nationalised industries has the likes of Apple and Microsoft benefited from?
Prices have been driven down by lower production costs in India and China.
Where do you think all the available money for giving out mortgages, business loans, and personal loans comes from?