One-off or annual, what's the pro-"Wealth Tax" response to the logistics of accurate valuations of the (wildly fluctuating & subjective) paper wealth held in 50,000 people's illiquid assets, or to the ease of avoidance for such a tax (by asset transfer to family members, for example), or to the fact of capital mobility? Many wealth tax advocates are pro-EU (inc. the Greens & and many of the more radical side of the Labour soft Left), implying support for the 4 freedoms of the single market (free movement of capital being one).
I think an awful lot of effort is being put into justifying an idea which (even if upper estimates of revenues generated are correct) wouldn't really make a huge dent in our fiscal position. It's bad for any kind of transition to a more social democratic political economy because meanwhile, the fundamentals are left untouched/unexplored: anaemic productivity growth; high-cost energy; low public/private investment; weak industrial strategy; 0 real independent trade policy; insane regional imbalances; poor infrastructure; poor balance of payments; organised labour in terminal decline; high exposure to international trade flows/supply shocks; over-reliance on FDI; foreign ownership of national assets; natural monopolies in the hands of private rentiers; and YES, a tax code that punishes work & productive investment.
But as a solution to all this a "Wealth Tax" is a totally illusory gimmick. It's really pointless & counter-productive tinkering masquerading as a radical egalitarian panacea.
NEW
Chancellor announces new restriction on use of judicial review for “critical infrastructure” clean energy projects - ie wind and nuclear - and time limitation for other projects, roads, rail and reservoirs - this is in addition to the streamlining of the process in the planning law.
Will curb environmental challenges to big infrastructure plans.
They don't want to build houses.
They don't want to build high speed rail.
They don't even want to build pylons to deliver zero carbon energy.
They're pointless.
The very reason that you have the right to protest is because this great man stood up against tyranny and Nazism. His leadership provided you the freedom and the security to object and to stand up for what you believe in. To disgrace his legacy is a prime example of utter stupidity and a lack of understanding as to what this great nation is all about.
@bookingcom Hello, I have a refund request due to cancellation that still hasn’t been processed. I got an email months ago telling me to wait and you’d contact me, yet still nothing. The online chat was useless and did not understand what I was saying. Please help. Thanks.
The country hasn’t had a growth model since the global financial crisis and 2008.
The fact that much of the liberal intelligentsia rejects that, and still think it’s Brexit (whatever you think of Brexit), is a big reason why Reform regularly has double digit leads.
THREAD: How the Sun screwed up its "smoking gun" story on net-zero study
The Sun: "As much as 10% wld be wiped off economic growth by end of decade"
Source: "At no point does this study suggest there will be a drop in UK GDP. It talks abt a 10% transfer…within GDP"
Oops!
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Zaf is a taxi driver. He’s born and bred Sunderland
He broke down when he described the hate he’d received
This was seconds before racial slurs were thrown, telling him to “go back to his own country”
A short clip. Hard, but important, so please watch
Happy Black Country Day everyone.
From Dudley to Sandwell, Wolverhampton to Walsall, it truly is a bostin’ place.
And good luck to Stourbridge’s Jude Bellingham tonight – bring it home!
Scenes at Edgbaston where India are playing Pakistan but people are watching the England game.
2 sets of rival supporters united by their love of England!
#PakvsInd#ENGSUI#comeonengland#england
James Timpson OBE @JamesTCobbler has been appointed Minister of State (Minister for Prisons, Parole and Probation) in the Ministry of Justice @MoJGovUK.
We’re recruiting! Applications are now open for two, fully-funded PhD scholarships to explore the #PunjabRegisters - a unique archive containing the service histories of c. 320,000 Punjabis who served in the First World War... 1/10.
Labour's "clean power by 2030" pledge:
* At least 5GW of floating offshore wind.
* Double onshore wind to 35GW.
* Triple solar to 50GW
* Quadruple offshore wind - 55GW.
* Get Hinkley & Sizewell over line, back new nuclear (SMRs)
* Double govt's target on green hydrogen (10GW)
This story is horrendous. There is no blasphemy law in Great Britain and schools should not be pressured by religious groups into retaliatory acts against pupils. We are calling on the UK Government to make a firm statement of support for the children in this case.
Couldn’t share the news with you before, but Princess Sophia Duleep Singh will finally get the recognition she deserves. Six new blue plaques have been granted for 2023. The Princess, suffragette and revolutionary will have her plaque on her grace and favour home at Hampton Court
Born #OnThisDay in 1887 was Indian mathematician Srinivasa Ramanujan. Though he had very little formal training, his work was substantial, often using methods that were completely novel. In 1918 he became one of the youngest Fellows of the Royal Society. https://t.co/XqvU8okbMK