Cheltenham ladies college Watch

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aliel
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#81
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#81
(Original post by BazTheMoney)
In the world of the textbook and the mind of the Oxford Economics department, I'm correct. And a car would be one of the first things to go, or they would downgrade to an older, cheaper model.
In what way are you correct? There is a big "OR" between getting rid of a car and downgrading. In a recession, if a family is hardhit, they are *more* likely to downgrade. But, by them downgrading instead of getting rid of their car, there is recognition on their part, that the car is *neccessary* in their lives (be it in one way or another). I am sure that the Economics Dept. would distinguish between the relative elasticity of a new car and an old car. Where the purchase of the former is affected by the economic situation, however; the use and the ownership of a car in general is not affected.

(Original post by BazTheMoney)
And you misunderstood the point about petrol, I was jumping from elascitity to fiscal policy; the reason tax on petrol is high is because the government realise that a car is a luxury and not the only form of transport avalible to a huge majority of the population. .
The government does not "realise" that a car is a luxury good, I don't think one has to be politically astute to see through their *environmental concerns* as well as their *social* ones. Tax on petrol does not generally affect the consumption which results in higher collection of tax money. Moreover, it's hard for opposition to fight against the particular government's *environmentally and socially friendly* tax. :rolleyes:
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aliel
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#82
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(Original post by BazTheMoney)
You're being very brave here; going against someone who knows a lot more about this than you.
For some reason, I don't feel that brave :rolleyes:
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BazTheMoney
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#83
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Fair enough, you have your opinion, I have mine.

This is way off topic anyway, back to CLC.
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Alexchelt
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#84
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#84
To be honest guys - i live in Cheltenham and have seen many 'ladies' from CLC and its true - they are all stuck up slappers who couldnt be more pretentious if they tried.... obviously thats only my opinion and im sure they are all lovely and kind virginal girls!
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