[Libloather]

Socialists really do suck.

Have a great holiday!

[JRandomFreeper]

They are always there with the power of the government to take your stuff so they can do great things for other people.

And if you fight it, they have guns, courts, and laws.

What is the difference again between the mob and the government? I forget.

/johnny

[mlocher]

Affordable housing is a low risk, ethical investment

Caveat Emptor whenever anyone is selling an "ethical investment".

[LibFreeOrDie]

So the working folks in the UK who paid taxes all of their lives to support “council houses” (the projects) are having their pensions put at risk to build more free housing for whom? The ever-growing ranks of those who won’t work? Illegal immigrants?

[mlocher]

“Very large sums . . . currently going out of the country and buying American corporate bonds . . . should be channelled into a British institution that can function on providing infrastructure...."

Where would you put your money? In a fund investing in the bonds of S&P 500 companies paying in excess of 5% a year, or in the bond fund of a country that is going broke and paying less than 4.5% a year?

[LibFreeOrDie]

From Wikipedia: “In Scotland, council estates are known as schemes.”

A fitting name...

[Lurker]

Oh yea, this will end well.

[Richard Kimball]

When I worked for the Austin Fire Department, the city manager, Jorge Carasco, ordered our pension fund to provide "low cost housing loans to people who could not obtain financing through normal channels." The pension fund told him to pound sand. 30% of our pay went into the pension fund, and after those payments, the fund was totally self-supporting, meaning when a fire department employee retired, his pension was covered by the investments made from his contributions.

This was nearly twenty years ago. Governmental agencies will try to steal every pile of money they can find.