Scary Supernova
8K posts


Why do I have to pay over £5,000 to have my bins emptied
Just because my house is bigger? Or in a different area?
It’s the same ‘service’ whether your house is worth £200K or £2 million
Up to £5,835 a year to get your bins emptied
Oh, and if I ALREADY pay a national tax, why am I paying a local tax on top?
Council tax is actually a wealth tax
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@pierrepoint69 @jackisgeeky @robprogressive That's an opinion. Property taxes are actually quite low in the UK. In the US they are much higher.
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@jackisgeeky @robprogressive Council services should have nothing to do with the size or value of a house
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@2147mill Look at the top 7 companies from 30 years ago. Are they the same ones?
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The S&P 500 is a lie?
It’s not 500 companies performing well.
It’s 7 tech giants dragging 493 average businesses across the line.
Microsoft. Apple. Nvidia. Amazon. Google. Meta. Tesla.
They ARE the return.
The rest is potentially dead weight.
So why are we still pretending diversification into mediocrity is a strategy?
Should we all just be buying the Nasdaq?
Genuine question.
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Lower taxes, smaller state and outsourcing services to the private sector.
Harry Eccles@Heccles94
Be honest: Higher taxes but better public services and free education and health care OR Lower taxes with worse public services and education and healthcare has to be paid for
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@Heccles94 Lower taxes with better public services, free education and health care.
Pubs and restaurants with lower business rates and national insurance bills, meaning they're cheaper, and people can enjoy life a bit.
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@Bancrypto__ @CFBLocks @BigVicSA @TxForever @ceraliza I'm one of the weirdos who do 🤣
I want to maximise the daylight hours
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@EdConwaySky @bankofengland What objective is served by a rate hike following an external supply shock? Anyone?
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Financial markets now back to "only" pricing in three @bankofengland rate hikes this year. Before that Trump social post it was up to four...

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@edwinhayward @EdConwaySky @bankofengland There is no should have been. There is what happened, and what could have happened. Should is subjective.
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@EdConwaySky @bankofengland And before Trump's war on Iran, it was two rate cuts.
That's still a gigantic 1.25% difference by year-end compared to where we should have been.
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@MichaelMOTTCM You have a short memory then. Liberation day tariffs were much more wild than this.
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@ScarySupernova @ggen5v @haha_girrrl There will be no local pub. There will be the ultrarich country club and the local pub goes bust.
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@freedombill3 The 70s in the S&P500 returned 1.6% per year.
The 00s the market was down 2.7% per year.
Some people aren't prepared to take the risk that a bad decade is ahead.
It's like paying insurance.
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Millions of people log into their banking app and transfer their savings into a shiny Cash ISA paying 4%.
They close the app feeling incredibly sensible, thinking they have done the right thing for their future.
However, that return is an absolute illusion.
Why are millions of hardworking British people still letting high street banks quietly build wealth using their wages?
As the Bank of England continues to lower the base rate, your return is going to shrink even further.
The bank takes your hard earned cash and immediately deploys it into the global markets to generate massive returns.
They hand you back your tiny cut, and they pocket the difference as pure profit.
Let us run the actual math on putting £500 a month away for twenty five years.
If you lock that into a Cash ISA at 4%, your pot grows to roughly £258,000.
However, you could completely cut out the middleman.
You could put that exact same £500 into a Stocks and Shares ISA and buy the S&P 500 $VUSA.
Historically returning 10% a year, that exact same cash turns into roughly £660,000 over the same timeframe.
You physically sacrificed the same amount of your own wages.
But the bank system kept the £400,000 difference for themselves.
Even the government knows hoarding cash is a trap, which is exactly why they are officially slashing the Cash ISA limit down to £12,000 a year.
Stop renting your money to billionaires for absolute pennies.
Open a Stocks and Shares ISA.
Force your cash to compound for your own freedom.
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@2147mill Depends, many people say we are entering a period of stagnation similar to the 1970s. Stock market remained mostly flat for a decade.
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@texasrunnerDFW Don't you mean like millenials had? The boomers had high interest rates when they were buying their homes.
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@alexanderrX_ The tax bands have barely changed in that time which is the real killer.
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nobody really grasps how destructive inflation is. earn money, pay tax, keep what’s left. that leftover is worth less every day. invest it and you need to beat inflation or you’ve gained nothing. if your salary isn’t rising in line with it you are poorer than last year. food, rent, electricity all going up. your pay isn’t flat. it’s shrinking in real terms.

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@5nxx_ @FraserNelson Why university leavers only? Why not everyone entering work.
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@FraserNelson 100% agree. Cut entry level jobs national insurance to 0.
Cut income tax for university leavers for the first 3 years of work
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A 16% drop in entry-level hiring for AI-exposed jobs. That's already happening in the US. What does Britain do about it?
Sunak's answer: cut National Insurance. Cut the cost of employing people now, before it's too late.
Another fascinating column:-
thetimes.com/business/econo…
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@davezerafa @PGDynes Just go in Winter instead of Summer.
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@PGDynes Yet the CO2 lovers and climate hoaxers and skeptics
ARE IN DENIAL ABOUT THIS.
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