Dear God John McDonnell’s stupid

As we all look forward to socialism with an iPad let us just have a look at the information that John McDonnell is using to plan it.

At present companies are sitting on a £400bn cash pile. So we will also look to change the corporate tax system and work constructively with companies to give them incentives to invest wisely.

That’s in a piece published in 19 November 2015. Note the use of “at present”.

The figure comes from here. That’s his own link to it. and that is information as at 30 November 2010.

Socialism with an iPad is going to try to plan the future on the basis of five year old information.

Aren’t we the lucky ones?

It’s also European companies, not UK, and of course McDonnell has no power at all over those that aren’t here but that’s another matter.

10 thoughts on “Dear God John McDonnell’s stupid”

  1. One of the basic problems with socialism – there just isn’t enough accurate timely information to risk everything in one man’s plan.

    The other problem being that somewhere in that chain of command there is going to be a complete shit.

  2. I’m sure it’s a jolly good idea that the govt is going to remind companies to invest their own money wisely (or rather their shareholders’ money) (of course the govt has a wonderful record of investing wisely), because obviously being neo liberal sophists they wouldn’t have thought of it themselves.

    Great stuff. Really useful.

    I’m off to buy a Kalashnikov and some rope.

  3. To be fair, economics isn’t his strongest suit. Anything to do with Semtex or diesel & ammonium nitrate, and he’s yer man.

  4. Why do socialist think everyone with money is like Scrooge McDuck and swim in vaults full of gold coins? Do they honestly think people save money in a bank because it amuses them, or that they are doing it out of spite?

  5. “Why do socialist think everyone with money is like Scrooge McDuck and swim in vaults full of gold coins? Do they honestly think people save money in a bank because it amuses them, or that they are doing it out of spite?”

    The left bitches like fuck about buy 2 let landlords. Yet they fail to draw any connection whatsoever to the relentless raids on pension funds and punitive tweaking to the pension legislation…

  6. Why do socialist think everyone with money is like Scrooge McDuck and swim in vaults full of gold coins?

    Because that’s what they would do if they had loads of money. Which is at least one reason why they don’t.

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