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In the early 90s, MC Hammer was the proud owner of a number one album, his own cartoon series and the most outrageous trousers in showbiz.
By April 1996, however, the rapper had to file for bankruptcy with more than $13 million in debt. Where did all the money go? A number of racehorses, his own cinema and bowling alley on his property no doubt contributed to the problem.
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The bigger story "Jonny MSN" is that decent folk are completely skint and struggling unlike the bankers and our "beloved" MP's on both sides of the house. I lost my job because of the thieving treachery of the last govt and the self serving treachery of our present govt. These people at the top have treated the common man with absolute contempt for too long, its time for a shift in power - from the haves to the have nots!!!!
What riles me just as much is the false idol worship we give to useless prats, ie those our media calls "Celebrities". We as a nation have worshipped too long at the alter of celebrity. Just seeing the trailer for the National Television Awards makes me want to vomit, why the hell should we applaud people who can act or sing and even some who can't act or sing. What about giving our £1.50 per text vote money to our local homeless shelter or our £1.00 a minute telephone vote money to the person who wants to establish a worthy charity that benefits those affected by child abuse or domestic violence etc...
Sick to death of this fluffy candyfloss hero worship of deluded idiots who believe getting a boob job is something to be proud of. From now on I refuse to speak to anyone who buys Jordans latest perfume or turns up at Peter andres next book signing blah blah blah
As for idiotic tv presenters who squander there wealth, I DON'T GIVE A TOSS !!!!!
So... judging by the comments below - which any sane person should totally agree with - what I cannot understand is the menatlity of anyone giving it a thumbs down? What thought process leads you to believe that you should have even a grain of sympathy for these people?
Hmm.. I have lots of money - if I spend it (and indeed by extension spend beyond my means) - than A) it will be all gone B) I will be in debt .... logic would dictate then you should be a little thoughtful about what you spend. And frankly, I'm sorry, but a television personality adds little or no value to my life. My missus is a cardiac nurse, she brings people back from the brink of death on a regular basis, cleans sh1t everyday etc - these people should be paid the millions for the miracles they perform everyday. What a backward world.
I really feel sorry for selfish people who are paid vast amounts for very little work. They really don’t know the meaning of work. To crawl along a track stretching under the dash of the latest car fitting fibre optics, my knees never recovered. You just prey for the end of each back breaking ten hour shift. At the end of each week you open your pay packet to find a large part gone in stoppages, and you look in the mirror to see if you have the word ‘Mug’ across your forehead.
These ‘celebrities’ are treated as responsible people and are trusted to put away part of their income to pay their way, why? Everyone should be on P.A.Y.E. or everyone should be ‘trusted’ and pay the income tax when they feel like it.
It’s not fair to have two systems of ‘income’ taxation, it‘s a millionaires charter. People will spend the money, go bankrupt, and won’t give a sh1t about the rest.
Pay As You Earn for all, and before anyone says it can’t be done, they manage it with VAT.
give it a year and she will be writing a book,
and guess what, we will buy it and pay off her tax bill,
and who will be laughing,
at all the little people
Bankrupt. Tell us another one.
Going bankrupt does not mean your broke, I know a number of people and companies that have gone bankrupt and the owners start another high flying business within six months.
I bet he is not living in a two up two down house on a council estate.....
Having the debt written off is a great feeling, is it not.
they just needed better friends, and managers. and things might have been much better for them.
not inc Gary Glitter. he should have died years ago in prison. the c..u..n..*
Shane hasnt gone bust, his COMPANY has gone bust, and trust me with all those financial people behind him he will still come out on top, has he lost his mansion NO that will be in his wifes name, has he put his name on the local housing list NO, he was trying to make loads more on top of what he already had, er I think its called being greedy. He will still have his luxury holidays, very expensive Xmas's, his wife and kids will not suffer, and just look at the earnings for a few tour dates, not bad, Am I glad i never bought another ticket to go and see them to swell his pockets even more.
Let this be a lesson
What gets forgotten with all these 'celebs' going bankrupt is the people who never got paid for services provided. I don't fret over the Tax man and other preferred creditors, but there are lots of self employed people and small businesses who suffer, often themselves going bankrupt.
The plumber, electrician, gardener and many others finish up having to pay for the greed of these people. In a fair society the small businesses should be paid first rather than the banks and Tax man.
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msn money poll
New research has found that families are spending an average of £180 on back-to-school supplies for their kids. Does this tally with your experience?
Thanks for being one of the first people to vote. Results will be available soon. Check for results
- Yes, that sounds about right to me
- Yes, but I think school supplies are getting more expensive every year
- No, the cost of new uniforms, stationery and sports kit takes us well past the £200 mark
- No, I wouldn’t spend anything like that amount on the little horrors!