Brexit

[Martinghoul]

Regarding financial services...remember when good ole London said that they were going to stick it to the City and raise taxes to some absurd number and everyone said, there goes the financial center....everyone will pack the kids and the dog and move to Switzerland and Singapore.....well dat neva happened. It turns out oddly enough people who planted their roots in London were not interested in moving. Some might go to Paris or Frankfurt but there is a benefit for them to keep the talent there in London just as there is a benefit to keeping our financial centers in NY even though it's completely outrageous to live there all things considered.

Yeah, sure, although you can see how this time the situation is a little different. Previously, a court ruling protected London's status as a financial centre. This will clearly not apply any more and it would be thus very easy for the European regulators to do their worst, if they so choose.

 

[OddTrader]

Since older voters, who clearly hold more "information" as a group (on average) due to their many years experience, must have been voting about something other than immigration since this demographic was overwhelmingly in favour of Brexit. Maybe a fairer system would be weight each vote according to age, 70 years carrying 70 votes, and 20 years carrying 20 votes? Or do you have a better proposal whereby you personally decide the number of votes based on your assessment of an individual's information? What a great idea for democracy...

So, the ones going to heaven soon, even without an excellent sound mind, especially many of them were less educated with higher education during their early age, will determine the future life of the youth, good or bad!

Very democratic (perhaps in year 1000 - even marriage is arranged/assigned by parents)!?

 

[Maverick74]

So, the ones going to heaven soon, even without an excellent sound mind, especially many of them were less educated with higher education during their early age, will determine the future life of the youth, good or bad!

Very democratic (perhaps in year 1000, even marriage is arranged/assigned by parents)!?

Ugh....most of those that you describe are not voting. In fact those "senile" ones are not even sure when the election is or what year it is. LOL. Come on man. If someone put a gun to my head and forced me to take one extreme or another, either all 18 year olds or all 75 year olds to vote for the fate of anything, I'll take the old who have a little more perspective on things. I've talked to some 18 year olds over the years (I even use to be one myself) and to say I was downright frightened is an understatement. When you get older in life (and again, I'm in that group as well) you start to see things more clearly then you would have when you were younger when your goals in life were :getting laid, eating, getting laid, drinking, making as much money as possible and getting laid. Of course not always in that order. Older people (not all) but most have a sense of compassion and understanding that honestly only comes with time and personal pain to themselves.

 

[ironchef]

Well, I would probably agree that, at least in my central scenario, life shouldn't change dramatically and England won't become Venezuela. However, with uncertainty comes a possibility of a somewhat painful sh1tshow. For instance, I can imagine that the EU now does what it has always wanted, but previously couldn't have. Specifically, move all the financial services that have anything to do with EUR from London to Frankfurt or Paris. You can imagine the impact this would have on London and the rest of England.

Obviously, on top of that is the near certainty that the UK finally does break up. Scotland and NI are not likely to stay with England and Wales, the way things are. And then if one starts to think about the possibility of some in NI seeking to rejoin the Republic, maybe we get a taste of the Troubles again, God forbid.

The problem is that even separation is hard after a 40+ year marriage, let alone divorce. All sorts of things can happen, y'know? Husband slaps wife around, restraining orders flying, etc etc

If there is any comfort to you sir, remembered in 1965 when Singapore was forced out of the Malaysia Federation. Everyone predicted doom. Look at the differences between Malaysia and Singapore today. UK will survive and thrive when it can decide on its own future instead of taking orders from Brussel. I am not saying UK will not have difficulties but the Brits are a resourceful bunch and will find a better way going forward with the leash taken off.

Regards,

 

[benwm]

So, the ones going to heaven soon, even without an excellent sound mind, especially many of them were less educated with higher education during their early age, will determine the future life of the youth, good or bad!

Very democratic (perhaps in year 1000 - even marriage is arranged/assigned by parents)!?

I can see that you missed the irony of my previous post. Perhaps I should have been clearer. The point is that an arrogant proposal by one set of voters to change the rules because the outcome was not what they hoped for can be replaced by another equally ridiculous suggestion by other voters to skew the results back in their favour.

Perhaps those with the higher education were not so smart after all because they knew the rules of the game and still lost?

 

[OddTrader]

Say, if the people living in London supposedly (after actual scientific survey) are much better educated, higher incomes, higher IQ, older age, more international travel experience, more expensive houses, higher personal assets, etc. , should they and their votes alone , due to their superior qualifications, decide the future of the UK?

A better democratic system, I think!

Joke only, of course!

 

[OddTrader]

" http://edition.cnn.com/2016/06/25/politics/uk-referendum-regrexit/

London (CNN)From Brexit to #Regrexit -- an online petition demanding a second referendum on Britain's decision to leave the EU has passed 2 million signatures.

"

I really think the threshold for this kind of big issue and impacts, almost once in a lifetime, should be also voted simultaneously for whether, say just 2 options, 60% or 75% to decide the nation's future by this referendum!

If no decision the 1st time, next time the 2 options might be changed to 60% or 70%. Then the 3rd time, 60% or 65%. Something like that!

50% is definitely not sufficient! imo

 

[Martinghoul]

If there is any comfort to you sir, remembered in 1965 when Singapore was forced out of the Malaysia Federation. Everyone predicted doom. Look at the differences between Malaysia and Singapore today. UK will survive and thrive when it can decide on its own future instead of taking orders from Brussel. I am not saying UK will not have difficulties but the Brits are a resourceful bunch and will find a better way going forward with the leash taken off.

Regards,

I hope so... I also hope we can find our own LKY to guide the process.

 

[benwm]

50% is definitely not sufficient! imo

Yeah, I can see the merits of this point, but unfortunately for the Remain crowd it's too late now.

Since all these old folk will be dead anyway in 10-15 years time we can have another referendum then to rejoin the EU. And that time we'll make sure that a 65-70% vote is required to change the status quo. Good suggestion to improve future referendums!

If only those highly educated Londoners had been smart enough to think of that beforehand...

 

[OddTrader]

Perhaps a good lesson to the world leaders!

Now economic uncertainty, instability and volatility for the following months for many countries, affecting others too! imo