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Post by Clinton Cool on Mar 10, 2024 7:45:35 GMT
I've never had a business fail. The only business I've ever owned was a day hire boat, which I sold for a handsome profit. I had investments, 3 buy to lets, which I sold, for handsome profits. I now have a combination of fixed rate savings accounts, cash ISAs, Stocks and shares ISA's, premium bonds, bitcoin, managed funds, precious metals, whiskey and a forestry fund the combination of which pay me far more handsomely than did the buy to lets, without me having to lift a finger or pay a penny in tax. Legally, of course. You see Jim, moving on isn't failing. That's what smart people do. When things change, they move on. You'll doubtless continue to delude yourself that you're the head of a social organisation. The head, who takes all the profits. The head, who will have to pay whacking great sums in capital gains tax if, which seems highly unlikely, he ever does move on in life. the delusion is with those who think a social enterprise, a charity, has a "profit" which can be claimed by the board trustees, directors in greedworld speak. No, any profit is recycled back into the business. If the business closes for whatever reason, any assets are to be passed on to a charity of similar aims. The sale of rental houses attracts capital gains of course, paid in full when it's been due. The sale of our own house won't, been here a while tooπ. So you weren't being honest when you described your buy to lets as a social enterprise. Not that I suspected you were being honest. It was just another way of someone claiming to be a committed socialist trying to justify his capitalist greed.
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Post by β on Mar 10, 2024 8:30:47 GMT
There are ways to make money from charities. No the trustees are not supposed to make any money but they can find techniques to do so.
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Post by ianali on Mar 10, 2024 9:50:11 GMT
There are ways to make money from charities. No the trustees are not supposed to make any money but they can find techniques to do so. Build a spa?
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Post by β on Mar 10, 2024 9:52:29 GMT
I did a day training course once about setting up a charity and it was made very clear it was not a way to make money.
Got chatting to a geyser who was interested clearly in order to get some money for himself. He was asking what I thought would be the best way and when I said I was not aiming to do this he looked at me like I was a martian.
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Post by brummieboy on Mar 10, 2024 12:04:41 GMT
Back to the thread title, what will Labour do when left with a 'bomb' like Gordon Brown's HS2 commitment? The Tories have picked up so much flak from that.
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Post by Clinton Cool on Mar 10, 2024 13:23:29 GMT
It's also now Labour's turn to deal with Gordon Brown's introduction of costly tax credits and pension credit. Will they be able to afford them without raising taxes? No government has succeeded so far...
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Post by Andyberg on Mar 10, 2024 18:53:09 GMT
I see βF***in Liar, two home Raynerβ is back in the papers today, plus Reeves squirming when trying to answer questions about it and coming up with some crap about believing what Rayner wrote on twitter as a defence, on Sunday with Laura Kuenssberg this morning!π I suppose its a perfect excuse for Starmer to give Rayner the liability the bullet!π www.dailymail.co.uk/news/article-13179235/Angela-Rayner-branded-liar-ex-neighbour.html
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Post by Aloysius on Mar 10, 2024 19:12:12 GMT
Never mind about Labour, what about all those poor Tories in the shadow cabinet?
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Post by Clinton Cool on Mar 10, 2024 23:24:48 GMT
I see βF***in Liar, two home Raynerβ is back in the papers today, plus Reeves squirming when trying to answer questions about it and coming up with some crap about believing what Rayner wrote on twitter as a defence, on Sunday with Laura Kuenssberg this morning!π I suppose its a perfect excuse for Starmer to give Rayner the liability the bullet!π www.dailymail.co.uk/news/article-13179235/Angela-Rayner-branded-liar-ex-neighbour.htmlThese tabloid headlines are all well and good but I'd appreciate a sober update on the police investigation into the activities of the hypocritical foghorn.
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