DontTrustAnyone

[Sasha Yanshin @sashayanshin]

Imagine you build a successful business in the UK.

It makes £10 Million profit.

First you pay 25% Corporation tax = £2.5 Million.

Your net profit after tax is £7.5 Million.

Average UK P/E ratio for public companies is ~15.4. Let’s use that as a proxy.

This business is worth £7.5 Million x 15.4 = £115.5 Million.

UK Government wants to tax you 2% wealth tax on your net worth above £10 Million per year. 2% x (115.5 - 10) Million = £2.11 Million.

So you have to pay yourself a dividend of £3.48 Million which will pay 39.35% dividend tax to pay the wealth tax.

Remaining Company profit = £4.02 Million.

If you want to have that money, you have to pay dividend tax again. After the tax you have £2.44 Million.

So the net effect is that if you make £10 Million, the UK Government will take 75.6% of it as tax.

Almost half of this tax comes from the 2% wealth tax.

It’s an extra 35% tax on profit in this example.

Problem is dimwits who were “good at maths at school” and politicians don’t understand basic maths.

This will mean absolutely nobody will take the risk to invest or start a business in the UK.

What is the point? If you are lucky enough to succeed, you will get punished hard.

Jobs will not be created. Investment will dry up immediately. Anyone starting a business who is young enough will move.

The power of FAFO will lead to a collapse in living standards and a collapse in economic growth.

This will destroy the UK economy and be the biggest own goal in a generation.

Why are we blindly walking into a self-orchestrated financial disaster?

But hey - it sounds good because an idiot YouTuber who has no clue said so.

It has good vibes.

Tax the millionaires! What is so bad about a 75.6% tax exactly?

[Peter St Onge, Ph.D. @profstonge]

In Britain, rapists are awarded lifetime immunity from deportation 🤯

[Daniel Priestley @DanielPriestley]

Say you have £100M net worth. The proposed wealth tax is 2% on assets over £10M… so you’d owe £1.8M every year in additional taxes.

To pay the additional £1.8M each year (2% on £90M) you would need to pay a £4M dividend. Of that £4M dividend, you get zero ALL of it is tax (see calculation below).

Given that most scalable assets pay less than 4% yield as it is, there is no point in owning UK assets. Especially because you’d also be paying tax to buy the assets, to employ people to run the assets and you’d be losing CGT or IHT if you sell them or die.

All serious investment would dry up and the economy becomes a backwater, stagnant economic wasteland rapidly.

[TheChugster @TChugster]

@bluesky @Keir_Starmer there are now 100s of examples of this disgusting, vile and disgraceful behaviour on this leftist platform. On X even if you sneeze inappropriately you’re put in time out and the post removed. How do we allow Bluesky to continue to operate in the UK without the same standards as X? Two tier Keir

[UK DISPATCH @UK_Dispatch_]

NEW🚨: The awful man who celebrates poor Ann‘s death was a @UKLabour candidate.

will she be removed from the party? @UKLabour @Keir_Starmer @andyburnham @labourpress

[Daniel Priestley @DanielPriestley]

On X we feel like we’ve thoroughly debunked wealth taxes. We’ve seen the experts rally together and explain clearly why it would be a total disaster for the UK.

Out in the real world, @garyseconomics is winning. About 75% of Brits are taken by the idea that we are just one more tax away from fixing the UK.

I say this with a heavy heart but I think we are genuinely toast. At this point the inevitable will have to happen - socialists take over, implement a wealth taxes, destroy what’s left of the economy and impoverish a generation.

The UK will be the next example of a nation that is crushed by socialist ideology. It will take 25+ years to recover from the damage. Gary will go down in history like Marx or Lenin but first he will be a national hero for a few years.

As much as we think we are winning the argument inside this bubble, I assure you we are not. The country is months away from wealth taxes and a subsequent economic collapse.

Socialism is the economic hot stove that countries seem to have to touch for themselves.

[Bev Turner @beverleyturner]

Bingo.
Please RT.

WHO DO THEY THINK THEY ARE?

[Ben Graham @BenGrahamUK]

Two weeks from today, Cody Harper will be standing in court facing a prison sentence.

From the footage, he was clearly attacked by three men before striking out at a police officer while seemingly disorientated.

Meanwhile, where are the three alleged attackers? Have they been identified, arrested or charged?

If not, the only person currently facing prison is the man who appears to have been attacked.

Our justice system is an absolute mess.

[Russell Brand @rustyrockets]

UK government is scrambling now...

[Keir Wrong Un @keirwrong]

If a right wing politician was in power and proposing restricting internet access, banning VPNs, arresting people for tweets they disagree with, the left would be losing their minds.

But because most on the left agree with what Labour is trying to do-they are fine.

Cretins.

[Freddie New @freddienew]

I had intended to put out this series of posts on @bitcoinpolicyuk’s Privacy Toolkit on a more regular basis, but I hope you’ll realise that I’ve been rather distracted on quite a relevant subject this week.

I was intending to review the section on VPNs, and if you’ve been paying attention to what’s been happening in the UK, you will know that VPNs are right in the cross hairs of the government and Parliament right now.

Since the Censorship/Personal Data Mining Act (aka the Online Safety Act) has proved to be an abject failure in either of its aims – preventing access to pornography and collecting data on anyone who tried – the government is now taking aim at the very tools which have been responsible for this failure, namely VPNs

What is a VPN?

Short for Virtual Private Network, it is quite simply a service that creates a secure tunnel between your device and the internet, hiding your IP address and routing your traffic through a remote server.

Why should you use one?

As you can choose the geographical location of that remote server, you are easily able to circumvent geoblocking as in the case of adult material accessed by people from the UK. Additionally, they should as a matter of good practice always be used when connecting to public wifi, to prevent bad actors from intercepting or viewing your traffic, and they improve your privacy even at home, by reducing the ability of your ISP to log the websites you visit (and then sell that data).

What’s been happening in the UK?

Quite a lot - @leicesterliz let us all know to expect VPN sanctions soon (details as yet undisclosed) and lawmakers are already tabling amendments to legislation that if enacted would require all VPN providers to age verify aka ID all their customers to ensure that children don’t get hold of one (see relevant posts in the thread); effectively banning kids from using one and requiring providers to identify you before you get one - something many providers do not do. Details in thread.

What can I do?

I strongly suggest that if you don’t already have one, you research, download and install a VPN on all your devices today, while you still can. I personally favour @mullvadnet, but there are many good alternatives – h/t to @roxananasoi for the very interesting comparison table that is linked below.

What if the government do ‘ban’ them or age gate access?

In short, don’t panic. Anyone is now able to code their own rudimentary VPN, as I did with my @openclaw agent as demonstrated in the thread. If you are able to go to the next level, you can even run one on your own router at home, so that all your family’s traffic is automatically protected – post from @ben_dewaal in the thread.

What does all this mean?

I am very much afraid that what we are seeing at the moment are symptoms of a system that is losing control of its ability to control what its populace thinks and says, and is lashing out like a wounded animal in response.

Governments across the world do not, bluntly, want a highly-informed, articulate and intelligent population, as such populations are harder to control and to coerce. Thus the global attempts to fetter access to the internet, to platforms that support free speech and open dialogue, to monitor, track and analyse the behaviour of every single one of us

This may seem like a dark time, but I have never been more confident that they will not win. Those of us who believe, like @halfin, that the computer can be a tool to liberate and protect people, rather than to control them, are many. We are motivated, and we will not give in.

And neither should you.

[GB Politics @GBPolitcs]

🚨NEW: A message from YouTube to its content creators has been verified

It warns the UK government will force them to push legacy media outlets, like the BBC, ITV, and Channel 4, over independent commentators and journalists

[Tony Ward @TonyWard867811]

Last night I watched a British journalist interview one of the most successful investors of the last decade.

She didn't want to learn anything. She wanted a clip. A gotcha. A soundbite for the six o'clock sneer.

He knew more in his sleep than she'd bothered to learn all week. So he ended it.

Here's the bit that should make you angry.

That smirk isn't just one journalist. It's the whole British establishment. The media sneers. The politicians dismiss. Nobody does the work.

And while they smirk, your money melts. Quietly. Every single year.

The rest of the world is moving. America is building this into its banks and its law. Britain is still doing jokes about it on the telly.

Ask yourself why.

A people who own something that can't be printed, can't be debased, can't be quietly taxed through inflation, is a people the state can't lean on anymore.

They don't want you self reliant. They want you in debt, in sterling, and dependent. Because your dependence is how they stay relevant. It's how they keep living off your back.

So they let the media laugh, keep you uneducated, and hope you never look.

Don't take my word for it. Watch it yourself. 👇

Then ask why they'd rather you laughed along than learned.

[Moving Home with Charlie @moving_charlie]

UK gov to make YouTube prioritise approved government broadcast content.

(George Orwell just turned in his grave, again. Last time it was when the BBC put his statue outside Broadcasting House).

Hmm, I wonder if I'll make the "approved content" list under new government content authority rules?

Here's the guy behind the new law. We will think what we're told to think and like it.

[DontTrustAnyone @BTC_will_win]

@ArthurJGates Do you have an Australian heritage? I’m interested because I’ve got a good Ozzy pal who drinks the same volume as you, and most people from other lesser countries can’t cope with this extraordinary high level of liver enzymes.

[DontTrustAnyone @BTC_will_win]

@ArthurJGates Be careful if you are quaffing a few of these. I ended up with splinters after hearing the trees whispering to me that they needed cuddles

[Michael Sanders @HER0WeNeed]

Whatever you do, don't share this video either.

[John Macgregor (democracy redesign) @JohnMMacgregor]

Just wrote a book dealing with this.

I found the pharmaceutical industry bankrolls the…

- clinical trial scientists
- trial committees (ethics, data, etc)
- medical journals
- editors of medical journals, individually
- regulatory agencies
- those working in the agencies, individually
- biomedical research agencies
- those working in the agencies, individually
- politicians who appoint agency heads, approve budgets, etc
- vaccine injury reporting agencies
- media
- social media companies
- medical schools
- doctors & specialists
- doctors' professional associations
- patient lobby groups
- health NGOs
- government health agencies

I call it 'the chorus effect'. Everyone is paid to say the same thing.

There are parallels in other industries - war, oil, media...

[DontTrustAnyone @BTC_will_win]

@ArthurJGates These beer reviews are excellent but relentless! I think I will be advising you to attend AA meetings if this continues….

[Moving Home with Charlie @moving_charlie]

Awkward fact for @garyseconomics