@DaveWil05666003@DanNeidle Let Trump add tariffs. By putting local businesses back on a level playing field, they can fill the gap if multinationals decide the UK is not a place to do business. But my guess is that they won't because it is an empty threat to avoid us closing the loopholes.
@DaveWil05666003@DanNeidle Its not that tricky if you don't tie yourself in knots. The customers are here, the income is being generated here, there is no fancy bean technology being produced anywhere else. Tax it here before brand licencing, etc are applied for everyone.
@DaveWil05666003@DanNeidle Someone like Starbucks or Amazon pays nowhere near the amount of tax of the thousands of independent shops they replace. This is obvious to see but not included in HMRCs gap stats. They go after small businesses because they are easier to enforce, not because they are worse.
@DanNeidle@GreatAuk6 This is totally detached from reality. Business rent doesn't follow supply and demand at all because property prices being based on it artificially forces rent up even when properties stand empty.
@DanNeidle When a billionaire offshores their wealth through shell companies and licence fees and then borrows here to fund their lifestyle they end up not even appearing as a high earner.
@DanNeidle Problem is you talk about the rich as the people paying the higher rates of tax. You ignore the amount avoiding tax altogether. Tax income is falling compared to GDP because those avoiders are taking a bigger piece of the pie and not appearing in these stats at all.
@TuahaJawaid@graceblakeley What you arn't getting is that people are NOT making that mistake. The key players AI does deliver. Just because there is hype around a lot of bandwagoners doesn't mean those key players are overvalued.
@sweatystartup You are arguing against a strawman. It doesn't have to replace people or be perfect to be useful. It can drastically increase productivity without being either of those.
@point7five@graceblakeley Exactly, they were not overvalued relative to future returns. The companies that went bust beside them were and they suffered by association.
@beersippinlefty@graceblakeley They have an opinion which is factually wrong and I showed why. The companies didn't have any drop in sales or actual value, their growth was held back by the market. The slump in their stock prices was entirely due to loss of confidence due to the hype of other companies.
@Aiswarya_Sankar This isn't the great point that you think it is. Coding isn't a case of just typing out code. It is figuring out the best way to achieve something. That often means multiple passes testing and refining a rough solution into an elegant one. Throwing out code is part of the process
@slmimorgan@graceblakeley 1. Thats not going to happen, it will just increase productivity. Like spreadsheets didn't replace accountants.
2. If it did happen it wouldn't be a bad thing to have leisure time. People don't need work, capitalism is a construct. We would have to change the way we divide wealth
@omninomsky@graceblakeley Just because fools are investing in tat does not make the real innovators bad investments. A lot of things linked to AI are hype, but some are revolutionary. If you want to say that hype is a bubble that is fine, but the concept of AI itself is not.
Before Brexit, there were about 300K net migrants a year, mostly from the EU.
After Brexit, immigration shot up to 900K, and EU migration was negative.
It’s amazing how stupid Brexit was from every possible perspective.
Populism is a low IQ movement.
@graceblakeley But they were devalued by association, not because they themselves were above their intrinsic value. That is why it doesn't meet the definition of a bubble.