Myelopath

I know you. You know you. You know that I know that I know you.

[Anglo Futurism Capital LP 🇬🇧🐿️ @RollingHedge]

The UK’s 20% standard rate on private school fees is the highest education tax anywhere, and our nearest peers are NZ (15%) and a failed Hellenic experiment (23%). Even the Nigerians binned it off as it was a shit idea.

We are taxed most, highest rate, no rebate (like NZ) and the only country to impose it as a targeted measure rather than a byproduct of a clean consumption tax base.

The EU prohibits taxing education, so the sunlit uplands of Brexit that failed to deliver any upside by design of a vengeful civil service/blob - used their newfound independence in vanishingly useful policy design and instead decided to use it to enact this spiteful class war tax that raises no money, actually costs the tax payer money, has negatively impacted teaching numbers, has seen a number of smaller private schools shutter forever, putting more pressure on the state sector, and has most harmed SEND children and families at the margin who aren’t wealthy enough to consider the additional costs as a rounding error.

It’s a policy so demented and self-harming that only a socialist could have come up with it. This isn’t hyperbole, it was literally in the communist manifesto.

Steve Barker should be roundly ignored as a moronic cretin, which he clearly is. Levelling down is what they want. They chase at all turns their goal of a coddled population of unthinking serfish dependants.

Bin.

[Palmer Luckey @PalmerLuckey]

We need a bit more shame.

People used to avoid certain self-interested behaviors to avoid shame, private and public. Law and customs assumed this.

Now, 38% of Stanford students claim to be disabled. 40% of young women (under 35) claim mental illness, and SSI disability payments have gone up 400% in a single generation.

It isn't good for anyone, least of all people who are actually disabled, when everyone looks the other way as friends and family and peers con the system with a level of shamelessness no architect of our safety net ever imagined could be possible in America. When everyone is disabled, nobody is.

[Dan Neidle @DanNeidle]

The European Commission on Trump's tariffs, vs the European Commission on EU tariffs:

[Renée Hoenderkamp @DrHoenderkamp]

.@Tobias_Ellwood listened to you say today that people wouldn't mind paying an extra 1p on tax once it was explained that it was for the defence of the country. Well sorry to burst your bubble but in a country with the highest tax rates for decades I will not accept a 0.1p increase until;

* Migrants are stopped
*Houses and allowances and benefits to migrants are scrapped
* Money being spent on things like rainbow flags, pride events, trans ideology teaching etc is scrapped
* net zero is scrapped including the £22bn for carbon captire
* Green levies are removed from my energy bills
* International aid is scrapped

Let me know when all of my wasted money is clawed back and we can talk...

[Tony Lapidus @TonyLapidus]

Garys Economics announces plans as Andy Burnham’s economic advisor to tax Elon Musk

@garyseconomics
@AndyBurnhamGM

[nigel biggar @NigelBiggar]

The Brexiteers were right, and I say that as someone who voted Remain.

Brexit has had costs. But it has also restored democratic authority to Westminster, strengthened the case for the United Kingdom against Scottish separatism, and given Britain more room to think globally rather than remain trapped in Europe’s political and regulatory machinery. For all the prophecies of apocalypse, Britain is still standing, and politically freer.

Read my thoughts on why I would now vote to stay out, at The Biggar Picture: https://t.co/E6GsSkRmwu

[Colin Brazier @ColinBrazierTV]

Could you ask your Labour colleagues who sent their kids to independent schools, why they did so. Could you ask the others, who can afford to avoid sink State schools by buying expensive homes near good state schools, why they did so.
Could you ask yourself why no other European country taxes education.
And could you then give your head a rattle: parents who elect to pay tens of thousands of pounds to educate their kids shouldn’t be demonised, but celebrated. They save the State the trouble of educating their kids, while still paying taxes as if the State was picking up the tab. Your vindictive VAT rise has closed more than 100 private schools, some centuries old. There is nothing noble about your self-justifying ideological vandalism.

[Leftwaffen-Watch ⬜️ @LeftwaffenWatch]

Sick of this attitude from the police when there is an accident. A man was seriously injured but no one was killed, but the police closed the motorway for 8 hours on the hottest day on record, leaving hundreds of people stuck in their cars, 10 people had to be taken to hospital suffering from dehydration

You don't get this in other countries. The roads are opened again as quickly as possible (I've seen it myself) whereas our police take all the time in the world and to hell with everyone else.

How many people missed flights? How many people missed a job interview that might have changed their life? How many people missed a loved one passing away in hospital?

It's unacceptable

[Ramon Agusta @ramonagusta]

I would be happy to pay the VAT on my two sons' school fees (about £4K each p.a.) as long as I get a tax credit for the £7.7K each p.a. cost of state school places I do not use.

(and explains why this is not a "tax-break" but idiot Labour MPs cannot see beyond their own spite)

[Claire Coutinho @ClaireCoutinho]

This is the Education Secretary who taxed working parents paying for their disabled children to attend a special school.

Purely because she was ideologically opposed to parents who want to spend money on their children’s education.

That’s what we don’t like.

[Rael Braverman @raelbrav]

You are a spiteful class warrior destroying children’s lives with an ideological tax no other developed country imposes on education.

You didn’t “end tax breaks.” You slapped VAT on school fees for the first time in history, shut over 100 schools, made thousands of teachers redundant, and displaced vulnerable SEND kids who relied on specialist private provision.

Your own “record investment” claim is already falling apart. Teacher numbers are down, class sizes are up.

Stop playing the working-class victim while waging war on aspiration and parental choice. The only one gaslighting here is you.

[Ben Habib @benhabib6]

@bphillipsonMP You complete lunatic. Private schools take pressure off the state system. Your policies have resulted in hundreds of private schools closing. The children they abandoned are now in the state sector

You’re utterly mad.

[Damian Pudner @DamianPudner]

I cannot tell you how frustrating this is. Twenty-five years in markets, years researching monetary policy, supply-side reform, countless articles and papers on growth, and Britain still prefers celebrity economics.

[Kangmin Lee | 이강민 @kangminlee]

It's pretty obvious at this point that being right-wing boils down to observing reality and stating it plainly

Leftism is the denial of reality in service of delusional utopian fantasies, peak retardation, and degeneracy

[Daniel Priestley @DanielPriestley]

The next PM is excited to harness the energy of @garyseconomics’s mob.

This will mean the UK will become the next failed experiment on wealth taxes.

How can I be so sure that wealth taxes won’t work? Let me count the ways they will be a disaster…

- the UK is already the highest taxed place to be a top earner or wealthy. More taxes at the top will push more away than it collects.

- The engine room of the economy is digital assets that can based anywhere. The only wealth that will be taxed is old money fortunes tied up in real estate… the new fortunes will leave the anti-wealth UK.

- wealth is highly subjective. It’s never a clean number like income or an actual sale. Wealth is a forecast, a projection, a useful guess. Hence it can be litigated and debated - and it will. Wealth taxes tie up the courts.

- it’s not being introduced because it works, it’s being introduced because people are angry. Mostly they are angry at Elon, Jeff, Mark and Larry… all the American Billionaires who will be buying up deflated UK assets after wealth taxes set fire to their valuations. The mob wants blood that is out of reach.

- there’s not that much to tax. The UKs billionaires are already leaving. The total wealth held by billionaires in the UK is sub £700B (less than Elon’s wealth). There’’s only technically 150 of them remaining and most have already started to leave. I’d be amazed if the tax collects more than a few billion.

- this tax is going to end up destroying the middle class. Mark my words… when the rich leave the middle class have to cover the gap that they leave behind. One way that will happen is that they will use the wealth tax framework to tax nice family homes, mind sized businesses, decent sized pension pots. It will be a race to the bottom.

- Wealth taxes have been tried 15 times and tolled back 12. The only places that have wealth taxes don’t have IHT or CGT. Wealthy people pay less than they otherwise would have. It’s a wealth tax in name only. The UK has wealth taxes now in practice (School VAT, IHT, Stamp Duty,etc) but not in name.

Anyway, if it is the will of the people then so be it. I will be advising entrepreneurs to look elsewhere though - it simply doesn’t make sense to build something of value in a country that despises value creation.

[Finumus @Finumus1]

And you thought it couldn't get worse?

[Anglo Futurism Capital LP 🇬🇧🐿️ @RollingHedge]

Oh for fuck’s sake give it a rest…

Brexit was FACTUALLY a de minimis footnote (I voted remain in 2016 so don’t even start…) when compared with a raft of the worst policy decisions imaginable since the end of WW2 across virtually all policy areas, by fuckwit politicians…

To name some of the biggest offenders:

- Most expensive energy in the developed world fuelling inflation across every good and service going - and net zero cultish insanity crippling our economy; we now make virgin steel only via emergency nationalisation in all but name - mainly because windmills and solar don’t produce the joules to produce concrete or steel, to build stuff

- Shuttering North Sea oil whilst buying the same stuff from the Norwegians who banked the oil: two trillion in the tank, three hundred grand a head, a quarter of the budget paid forever

- PFI. Blair and Brown fancied hospitals that didn’t trouble the books, so they put them on tick with loan sharks. £60b of buildings, £300b out the door, NHS still paying through the nose for a car park and a leaky roof.

- Tories borrowed the best part of £400bn at 0%, the cheapest money in three hundred years, and what have we got for it? Furlough, a fortune in PPE that didn’t work, and ~£20b handed to chancers with fake ltd co’s. Nothing built. Nothing that pays you back. The lot, gone. And here’s the one nobody says out loud… Money was free. Risk free. Rates at zero for the best part of a fucking decade. If a govt or their perm secs had any sense that was the moment to issue a 30y infra bond and build the grid, the reactors, the track, the housing, lock the cost in at basically nothing and let it pay for itself for two generations. Norway would’ve had it done by lunch. We didn’t issue a penny of it. Now the long end’s at 5.5 and the door’s now bolted shut. We had the cheapest money in history and spaffed it all.

- Capital markets that don’t work since Blair and Brown’s various legislative and regulatory changes, making pension fund allocations lower going into British companies, and making it harder and more costly to raise capital to grow and keep businesses here paying taxes and employing people - the collective cost of this to British households is conservatively estimated to be around £20trillion (per @andyroocraig’s figures) and countries that were literally communist within living memory are on track to overtake us this decade, on the IMF’s own numbers. Oh, and Mississippi HAS already overtaken us on GDP per capita basis (they are the butt of all poverty jokes in the US)

- Brown flogged 395 tonnes of gold, over half the national reserve, in 17 auctions between 1999 and 2002, at about $275 an ounce, near a twenty-year structural low. They call it “Brown’s Bottom” for a reason. Pocketed $3.5b but I t’d be worth around $52b today. So that socialist genius cleared the lot at the bottom of the market and torched the thick end of £40b in one decision (because he like many politicians since the 90s is a retard with no real world understanding)

- P90/P10 wage compression under social democracy is demonstrably worse than even the Soviets managed under Gosplan ffs

- Selling off and sweating various other national assets to fund our absurd debt borrowing pile that has mostly been spaffed up the wall on zero return or loss making initiatives / welfare socialism etc

- Series of the worst trade deals imaginable (pre and post Brexit)

- Too much of people’s money tied up in the resi property Ponzi scheme doing nothing (other than now: losing value in realtime)

- Planning laws that stop anyone building infrastructure on housing

I could go on…

Plus we have rising long yields now, which are (TL;DR) the price of having destroyed your own structural buyer base and then issuing into the gap while the central bank sells on top. Brexit doesn’t appear anywhere in that mechanism either.

So, this creepy obsession you have with Brexit is weird, lame and entirely worn out.

Bin.
🚮

[Chris Newton @drchrisnewton]

I don't normally like to get personal with politicians, but with Keir Starmer, I'd gladly make an exception. He has behaved appallingly, and deserves no sympathy. He brought it all on himself. He's an arrogant, sanctimonious hypocrite who's now getting what he deserves.

Starmer:

[Andy Burnham @andyburnham]

Feels like we’re on course for a very right-wing government - with zero mandate from the public.

Quite dangerous, if you ask me.