October 4th, 2012

Who Wants to Be a Mili-onaire?

Awkward Ed’s inability to answer the million pound question yesterday hasn’t gone unnoticed.

The Telegraph reports that:

“Ed Miliband found it easy enough to criticise David Cameron’s “millionaire” status, but when questioned about his own personal wealth, the Labour leader struggled to find an answer.”

While the Mail piles in:

“The morning after his widely-praised conference speech, Mr Miliband was forced to defend claims the Prime Minister would personally benefit from a ‘tax cut for millionaires’ but refused to discuss his own levels of personal wealth.”

As seen here yesterday. You’re either in front of Guido…


159 Comments

  1. 1
    gramma says:

    Is this an echo?

    Like

    • 4
      Pawn Sandwich says:

      Yes, hypocricy, hypocricy, hypocricy.

      Like

      • 27
        Pearly King says:

        You don’t think of the house that your parents bought and that you grew up in as being worth £xxx.

        Its your home.

        Its not an investment.

        You don’t rush to estate agents windows to look at your “worth” – unless you are a very sad person.

        Like

        • 31
          Pawn Sandwich says:

          You go and tell that to the troughing MP’s and socialist landlords!

          Like

        • 39
          Infanta of Castile says:

          you do if you need probate

          Like

          • jgm2 says:

            Or a ‘Deed of Variation’ in Miliband’s case.

            Like

          • smoggie says:

            The equity in your home is an asset and is part of your wealth. If your house is worth a million and you have no mortgage or other debts then you are a millionaire, even if you have fuck all in the bank.

            I defy any homeowner not to know what their home is worth.

            Like

          • Let's Get Real says:

            smoggie @ 12:51 pm: The “equity” in your home is a function of what remains after all debt on the property is extinguished upon sale. It’s an illusory figure at any time before then. If I own shares which go up in value, they’re no good to me unless (a) they pay a dividend and/or (b) I have a stop-loss to get out when the share-pr!ce goes south again. It was the foolish idea that borrowing against the value of their house represented some sort of “dividend” that got people to do it. Had they put those funds into something that produced cash money in excess of the interest needing to be paid, you could almost excuse them– but if they spent it on anything else, after awhile all they would have is a house that, should it go down in value, you cannot stop-loss very easily on to protect your investment, and no cash money should you even be able to sell but your house is underwater. Fat lot of good a million-quid house is going to do them if they can’t get a million quid for it. It’s only a million-quid house, in your illustration, if anybody out there is willing to pay them that figure. And believe me, there’s a shitload of million-quid houses that used to be two-million-quid houses.

            Like

          • smoggie says:

            Strange argument. It’s not an illusory figure, it’s an estimated figure. The fact that you won’t know it’s exact worth until you liquidate it doesn’t mean it isn’t worth anything. Seems to me you are confusing the issue with the fact that property prices have fallen but where’s the relevance there? Nevertheless it remains that you cannot ignore your property porftolio as being part of your net worth. Unless you’re a socialist politician of course. And I’m not sure what all that stop loss bollocks is about unless you’re trying to sound like you know something about investment.

            Like

          • Osama the Nazarene says:

            If your house is worth a million pounds you are a millionaire and submariner George is going to give you a £40,000 handout next April. That is the Liebor propaganda.

            We know its not true but propaganda must.

            Like

        • 45
          Mike Hunt says:

          Sadly thousands did and borrowed against their homes to buy new imported goods and holidays.
          It’s only the criminally low interest rates that are keeping them in their homes, at the expense of savers and pensioners – current and future

          Like

          • jgm2 says:

            Quite so. Yet many of the same fuckers who are being kept in their over-valued homes by lowest-in-history interest rates having mortgaged themselves to the hilt are the ones giving it ‘we own the banks – they should be made to pay’.

            Stupid, ill-educated bastards.

            Like

        • 51

          So…, the point is?

          it is or it isn’t worth ‘X’ ?

          And if it is, doesn’t that make Miliband a ‘millionaire?’

          Could he not happily borrow £x00,000 from the bank against this asset?

          Man is a total predator and needs 1000% tax. And that’s just according to himself.

          Like

        • 70
          NE Frontiersman says:

          In that case I’ll have yours at the price your parents paid for it, if that’s OK.

          Like

        • 103
          Lord Pension of Abolish after I've left says:

          Very useful when avoiding tax through “flipping”, Pearly old chum.

          I think you will find that Ralphy M did the “how much tax can I avoid passing this on?” A true Marxist – from each according to their inability to avoid tax – or something.

          Like

          • jgm2 says:

            Not at all. Miliband snr did pass on his property without shielding it from the tax-man. It was his committed socialist beneficiaries (Dave and Ed) who got together and created a ‘deed of variation’ after his death that took the property out of HMRC’s grasping hands.

            Like

        • 152
          Anonymous says:

          “You don’t rush to estate agents windows to look at your “worth” – unless you are a very sad person.”

          Well you don’t, and neither do I for that matter. But the LibDems certainly intend to do that if their proposed mansion tax is anything to go by.

          Like

      • 33
        Observer says:

        Or even hypocrisy.

        Like

  2. 2

    Trouble is, he doesn’t understand the difference between income and wealth. Not a bad start for a potential prime minister.

    Like

    • 5
      Denis McShane's Shed says:

      He understands the difference but, being a Socialist, isn’t adverse to telling the odd porky or two.

      Like

      • 17
        jgm2 says:

        Exactly. Just as they wilfully ‘accidentally’ get deficit and debt ‘mixed up’. So they’ll talk about ‘record debt’ in an annual context or ‘record deficit’ in a cumulative context.

        Or talk about 0.1% ‘growth’ and declaring the end of recession while ignoring the fact that it was bought by borrowing 20% of GDP.

        Like

        • 28

          …on figures which had probably been massaged even more than LIBOR.

          *Could be the next scandal waiting to be exploded – if so you read it here first*

          Like

          • jgm2 says:

            Rigging the ONS figures was a key plank of Labour policy. How else could they rig inflation to justify record low interest rates. Or immigration figures to justify importing more Labour voters? Or indeed rigging anything at all to justify whatever imbecility had popped into their idiot skulls.

            The guy they brought in initially at the ONS quit in disgust at the politicisation of what is supposed to be a reliable, independent service.

            Like

          • The Paragnostic says:

            Not only did Labour prerssure the ONS into revising growth figures, they repeatedly pre-released partial ONS data (on crime, if I remember correctly) so that they could get in first with some positive spin om figures that turned out to be poor or at bet inconclusive.

            Much as with the income / net worth and the debt / defecit confusion, it shows again which is the real ‘nasty party’.

            Like

      • 25

        OK. He perpetuates the non-understanding of the difference between income and wealth in others.

        Even worse.

        Like

      • 83
    • 36
      Selohesra says:

      It sort of explains why Brown & co f’d up the economy so badly though

      Like

  3. 3
    Denis McShane's Shed says:

    Meanwhile, the 35% who’ll vote for a skipful of turds wearing a red rosette carry on reading the Daily Mirror.

    Like

    • 125
      Jac_spark says:

      I can imagine you frothing at the mouth with wild staring eyes as Labour win the next election,
      OH the injustice of it, the landed gentry, tax avoiding financial tosspot theives and inheritors of imperial wealth not being allowed to rule over the plebs.

      You think they speak for you but if you are here you dont earn enough for that.

      Like

    • 155
      Living in 98 percent white Merseyside says:

      We have to buy The Mirror because we don’t read The Sun.

      Like

  4. 6
  5. 7
    Sir Arfur Windrush-Weatherbestill says:

    Money is inherently evil. Millionaires can achieve salvation by giving it all to me.

    Like

  6. 8
    Hugh Janus says:

    The Mail talks about his “widely-praised speech”. Really? They must have heard something different from the shallow, vacuous, self-centred and policy-free one that the rest of us endured.

    Like

  7. 9
    Frank Chickens says:

    Given Millionaire Milibands elitist status as a cosseted member of Londons immigrant left wing glitterati, is anyone surprised that he does not know he is a millionaire?

    Money means very little to those who accept it as a given.

    The Miliband family as a whole are incredibly wealthy by any standards, and I hope the Tories highlight this at every opportunity.

    They should also highlight that Miliband cares nothing for the mess he, Balls and Brown left behind – not his money afterall.

    Like

    • 16
      Sandra says:

      + 1

      Why are the Tories so feeble in attacking the oppsition on their weak points?

      Hypocrisy is a massive faultline running through the Labour front bench, yet the soft idiots on the Government benches never land a punch.

      Bloody Liberals the lot of them, not a fight in one of them.

      Like

    • 29
      Anonymous says:

      I find it amazing that the Labour party have such brass neck to behave as though nothing happened when they were in Government, they were a disaster and now commentators are behaving as though Milliband is a genius !

      Like

    • 35
      jgm2 says:

      Inherited wealth and privilege at that. Exactly the thing they decry in their political enemies.

      Like

    • 76
      Sick of the greed and lies(still) says:

      Because at the end of the day, they are really on the same side. They have their own interests at heart. They couldn’t give a toss about everyone else. They never seem to argue about improvements to their pay, pension or improvements to their working conditions, do they?

      Like

    • 89
      anonymous says:

      news alert

      miliband is not left wing

      Like

  8. 10

    Why doesn’t he just admit that he is a millionaire along with several other shadow ministers.It will just become another distracting issue rather than meeting it head on.Like the majority of MP’s,they all evade direct questions and are mostly hypocrites.

    Like

  9. 11
    Kebab Time says:

    He learned what he knows under Gordon.

    question. How can you be cautioned for fraud “By abuse of position ” ( as a Cllr) yet the council claim it had nothing to with his work as Councillor?

    http://kebabtime.blogspot.co.uk/2012/10/ed-missed-something-out-of-his-speech.html

    Like

  10. 12
    Steve Miliband says:

    A life taking the public sector coin. Contribution to GDP = 0.

    Like

  11. 13
    The Labour Party, a wholly owned subsidiary of the Unite Union says:

    Hypocrisy. It’s what we do.

    Like

  12. 15
    Anonymous says:

    Look let’s be clear millionaire staus only applies to Conservative votes. That means that the likes of Miliband D & E, the Blairs, Mandelson, the Kinnocks, Shaw, Harman etc are excluded. Please don’t ask this question again because it just isn’t fair.

    Like

  13. 18
    Can't tire of watching this says:

    Watch the fucker squirm.

    Like

    • 22
      Can't tire of watching this says:

      I’m willing to bet the guy interviewing him is a closet tory but can’t be open about it at the bbc.

      Like

    • 54
      Mike Hunt says:

      “i’m not making an issue of DC’s worth’

      Then why did you take up large portions of your ‘speech’ on that very same subject.

      Like

      • 92
        Rottingdean publicity official says:

        nope, either we mis-heard him, he mis-spoke, or there was interference during his broadcast and obviously he was misinterpreted.
        or something.]

        he’s still a Huntcake.

        Like

  14. 23
    Tom Watson says:

    900 million deep pan pizzas please.

    Like

  15. 26
    Bob Crow says:

    What abaht the plebs ?

    Like

  16. 34
    Loungelizard says:

    It’s OK for the elitist left to be drippingly rich because despite their ivory towers only they really do understand the poor downtrodden masses. So this is good wealth because it is theirs, any wealth attached to the right is bad wealth and used to oppress and deny. Load of bollocks if you ask me.

    Like

  17. 48
    Bob Crow says:

    i Iz veRi riiCHH.

    Like

  18. 53
    I promise to pay the bearer..... says:

    The BBC doesn’t seem to ask such questions, strange that.

    Like

  19. 60
    a non says:

    Miliband has found his feet, cementing his position as leader of an absent opposition, who still remain a busted flush.
    One can only hope this will stir Dave on to better things. I cannot believe that the brickbats he has to hand will remain unused/ unsaid during the forthcoming conference. With Guru Steve due to attend [and advise?] we might eventually see some light blue at the end of the tunnel.

    Like

    • 71
      Tachybaptus says:

      Not sure that finding your feet cemented is a very apt metaphor. Usually after this happens you get dropped off the pier to sleep with the fishes.

      And any prospect of finding the lightest of blue at the end of the tunnel while Dave is driving the train is a foolish illusion.

      Like

      • 81
        Murphy, of eponymous "Law" fame, says:

        Sometimes “the light at the end of the tunnel” is the headlamp of an oncoming train.

        Like

      • 95
        a non says:

        Would be a pity to see Ed I or ED II deposed. They exude everything that is wrong with Labour and long may they remain. “Keep the gun, leave the baloney”. [Codfather 1]
        Re Dave I feel you are being a little harsh, though from afar understand where you are coming from. “He who knows when he can fight and when he cannot, will be victorious.” Sun Tzu

        Like

  20. 68
    Anonymous says:

    Surely intelligent political commentators are not confusing wealth and income?
    Probably deliberately.

    Like

  21. 73
    nellnewman says:

    Labour’s slogan for this year’s conference was more than unfortunate . To promise to Rebuild Britain was only ever going to provoke the response ‘why would we trust you to do that when you were the one’s who broke it’!

    And then to top it off the labour leader used lies and sleight of hand in his speech not to mention out and out class warfare whilst saying at the same time he wanted to promote One Nation. Talking out of both sides of his mouth at the same time!!

    Devious, dishonest and not believeable.

    Like

    • 106
      The Paragnostic says:

      After 13 years of Labour, London was left with 75,000 unoccupied homes just going to waste.

      That’s about the same number that 5 years of German mischief destroyed in the 1940s.

      To be fair, though, they only left us half as indebted as WWII, probably because government spending is counted as GDP in the strange world of socialist economics, and post-WWII the state as grown like Topsy…

      Like

    • 112
      Norman Stanley Fletcher says:

      “…the ones who broke it.”

      Like

  22. 74
    Moussa Koussa says:

    EVERYONE is in front of you Guido.

    Ready for the Corby blood bath

    Like

  23. 77
  24. 79
    Hckney Cabbie says:

    Just told my millionaire octogenarian mother that Mr Cameron is sending her a cheque for £50k in April 2013.

    Mr Miliband said so in his brilliant speech

    She told me I was talking a load of bollocks.

    Is my mother (bit of a bigot) or Ed (bit of a twat) correct ?

    Like

  25. 82

    Interviewer: Mr Miliband. Do you hate the UK as much as your father did, or more?

    Like

    • 88
      annette curton says:

      …Or more than Abu Hamza?.

      Like

    • 127
      Norman Stanley Fletcher says:

      It’s only England they hate.

      Like

      • 138
        JH says:

        It’s success they hate.

        England has been a wellspring of prosperity and freedom for 400 years. The wealthiest, free countries of the world are basically the ones which inherited our legal/political system and culture. That cultural inheritance has been heavily abused for a few decades now by the encroachment of government and the accompanying growth of unsympathetic immigration and entitlement culture, but still the Anglo model is pre-eminent.

        Can’t have that, can we lefties. Better everyone be poor, than someone get rich improving the lives of millions. Of course, they are more than happy to seize looted wealth and the effects of success, mistakenly presuming this grants them the cause of it, in the meantime.

        Like

  26. 84
    I don't need no doctor says:

    The media thought Miliband wonderful because he spoke for just over an hour without notes. Well my wife can speak for hours without notes. So what is so great about Miliband?

    Like

  27. 85
    anonymous says:

    Millionaire Moribund?
    Millionaire Milibland

    however youdress it , he’s still a c’unt

    Like

  28. 94
    annette curton says:

    Come on Guido, who photo-shopped Eds ears on in the pic, definitely not a matching pair.

    Like

  29. 99
    I remember when there were public toilets in the Rhondda says:

    What is wrong with getting on with your life and making a few bob on the way ?

    Like

  30. 100
    ToonBob... says:

    Ed ……

    Like

  31. 101
    Egg Miliband says:

    Like

  32. 104
    Steve Lloyd. says:

    Why deosn’t rampant feminazi Harman, concentrate on getting justice for real victims of sexual expoitation ie those kids ferried between complicit social services dept’s, for the gratification of their effnic inhabitants, instead of making such a fuss about page three baps. C*nt.

    Like

  33. 105
    Hava Nagila says:

    Given that Guido is a left-footer, I can think of few less safe places to be than in front of him.

    Like

  34. 114
    Gordon the Medicated says:

    Just put new batteries in the Fisher Price phone.
    When the call comes to save the world again, I’ll be ready.

    Like

  35. 115
    a non says:

    If you want an hearty-choke listen now to Labour Conference singing Jerusalem!!!!

    Like

  36. 121
    Ows about? says:

    Just a thought.

    But as you have to apply for a bus pass,I doubt many millionaires bother.Why don’tthey do the same with the winter fuel allowance, as yet again not many rich folk would? And applications from Southern Europe could also be refused.

    This is far simpler than means testing .

    Like

  37. 122
    Religion: The Original Sin says:

    About time Jimmy was turned the extra 45 degrees.

    Like

    • 123
      Religion: The Original Sin says:

      No doubt we’ll find enough coppers to guard the grave 24/7

      Like

      • 124
        Religion: The Original Sin says:

        The phrase ‘piss on his grave’ comes to mind, but is it illegal?

        Like

        • 126
          ToonBob... says:

          Whoever bought his stuff at the recent sale of memorabilia are now in possession of worthless tat ?

          Like

          • Anonymous says:

            Not necessarily – Hitler was by all accounts a wrong’un but I bet if you had some of his stuff it would be worth a bit

            Like

  38. 129
    john P reid says:

    Ed-echoes Kinnock say’s Bloomberg, well, Meet the challenge make the change ,,must have been good enough to scare the Tories ,they dumped Thatcher like an Old dog, because they were scared Labour would win the election

    Like

  39. 134
    Jimmy says:

    It’s certainly a worry that we may lose the support of these two traditional Labour supporting papers

    Like

  40. 140
    Anonymous says:

    An interesting interview with Martha Karney on Radio 4 at 1.00pm. The usual refusal to answer questions but also refusal to correct the lies he told in his speech. Would he become an even more dishonest PM than his labour predecessors?

    Like

  41. 154
    Anonymous says:

    Breaking News. When interviewed on Anglia Tonight about the Corby by election. Ed dropped his, 40K cheque from DC to all millionaires line. He has reworded it to anyone earning over a million a year. Still not right though as people earning over a million will probably being paying more in tax because of other changes to the tax system. Still doesn`t answer the question, What`s Ed really worth?

    Like

  42. 156
    moomon says:

    Now I know why Milliband and Labour did not oppose the Osbourne tax cut to 45p in the Parliamentary motion back in March. They all abstained (except for 21, who will no doubt pay the price)

    Like

  43. 158
    Viv Dean says:

    Let’s see the Labour Party publish the household incomes and net worth of the whole Shadow Cabinet and ditto for the Tories.

    There won’t be much difference.

    How many houses do Tony & Cherie own again?

    And for all but a month of the last Labour Government, the top rate of tax was only 40p. GB put it up to 50p to dig a trap for the Tories.

    Like

  44. 159
    David says:

    The perch that Dead Ed made last week was not good it was awful and the BBC, s Radio 4 swing voters interviewed just after the speech used the terms poor, repetitive, shallow, untruthful, in total the speech got five thumbs down. Add mine and it makes six !

    Like


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