Asda back in British ownership!

My great grandfather, a dairy farmer was one of the founding members of associated dairies, which merged with Asquith butchers and became known as Asquith and Dairies .

I thought it had used to stand for 'Associated Dairies' or was that another company?
 
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It is no secret that Dork has more money than sense !

You have 2 brothers who create an enormous amount of wealth from the simple fact that they have big brains & even bigger ******.

Should we tax them to the extent that they no longer bother to create that wealth? After all, the first £million is the hardest, why bother continuing along the path when the next £million is taxed at 85%?

I guess it pretty much depends on whether your economics are based upon the varying degrees of marxist socialism or whether you think that true socialism is generated by the 0.1% of us that actually create that wealth by driving the economy forwards . . . .
 
After all, the first £million is the hardest, why bother continuing along the path when the next £million is taxed at 85%?
Because they still do. So why not?

Also, if the first million is the hardest the next one, even if they only get a smaller fraction of it, may be more money per unit of effort.

But feel free to keep regurgitating Atlas shrugged if you want.
 
create an enormous amount of wealth

What makes you think that they "create" wealth?

Did the wealth not exist before customers walked into shops and spent it?

Would the customers not have walked into different shops without those brothers existing?
 
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If you truly believe that no such thing as a creator of wealth exists . . . .Then we all still live in mud huts & hunt the beasts that roam the swamps for food.

If you could ever find yourselve's the time to study & understand the very basic principles of economics, then you might begin to understand what kickstarted civilisation in the first place.

If you work for the man, then you really need to understand what makes the man get up in the morning & go to work. You need to understand it because if you don't, & the man doesn't bother going to work anymore, then you cannot go to work either.
 
If you truly believe that no such thing as a creator of wealth exists . . . .Then we all still live in mud huts & hunt the beasts that roam the swamps for food.

If you could ever find yourselve's the time to study & understand the very basic principles of economics, then you might begin to understand what kickstarted civilisation in the first place.

If you work for the man, then you really need to understand what makes the man get up in the morning & go to work. You need to understand it because if you don't, & the man doesn't bother going to work anymore, then you cannot go to work either.


May I be the first to welcome you back Dork, haven't seen you for a while.
 
Think of it this way . . . . .

If those 2 brothers didn't buy Asda what would become of Asda????

Can you imagine a scenario where those 2 brothers had already made all the £money they could ever possibly need, what motivation could they possibly have to take on a massive project as big as Asda????

If you think that Asda could survive, in a VERY competetive marketplace, as a collectively owned business underwritten by your government then you are probably a Marxist revolutionary. Are you a Marxist revolutionary, or have you just not got your head around simple economics yet????
 
I thought it had used to stand for 'Associated Dairies' or was that another company?
From ASDA website:-

"The years leading up to the formation of Asda were years of momentous meetings, partnerships forged in the heat of inspiration, big ideas, great dreams and bold actions.

Its roots can be traced back to the 1920s and just two branches, but no-one knew then quite how incredible the future would be.

In the beginning
The Asquith family (W.R. Asquith) ran a butcher’s shop in Knottingly, West Yorkshire, which was eventually expanded to seven shops. The two sons of W.R. Asquith, Peter and Fred, were actively involved in the family business and were later to become co-founders of Asda.

90

At the same time during the 1920s, a group of enterprising West Riding dairy farmers joined forces under the banner of Hindell’s Dairy Farmers Ltd. These included the Stockdale family (A. Stockdale).

Through a process of acquisition and diversification, a new public company was formed in 1949 – Associated Dairies & Farm Stores Ltd, with Arthur Stockdale as Managing Director.

During the 1950s and early 1960s, Associated Dairies had expanded the number of pork butchery shops (under the Farm Stores fascia) and had also created the Craven Dairies brand for its cake shops and cafes. The son of Arthur Stockdale, Noel (later to become Sir Noel Stockdale) met and struck up an immediate rapport with the Asquith brothers. He went on to become the other co-founder of the future Asda, in a meeting that would change the way we shop forever."
 
Mosques are such good community centres, shame we don't have more like that really. Libraries, pubs and churches don't provide the same level of social support.

In these unprecedented times, where so many hard working folk find themselve's begging at the mercy of charity . . . IME it's the Sikhs that are there for you, followed closely behind by the muslims. Our own pathetic CofE comes somewhere way down the list, way beyond even the alcoholics & drug addicts that man the soup kitchens.
 
Don’t bother trying to explain (very,very) basic economics to John, he has absolutely no grasp of the real world whatsoever. It is a fool.
 
If you truly believe that no such thing as a creator of wealth exists....

Interesting that you have no response to the questions I actually asked, so have invented your own irrelevant assertion.
 
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