jimbobbles

[jimbobbles @jimbobbles]

What a match to bring your bag of lettuces to

[Robert Colvile @rcolvile]

'Everything in Britain was great until the 1980s when it suddenly went to shit' remains an utterly baffling narrative on every single level.

[Julian Jessop @julianHjessop]

Chart of the Day 🤓

Andy Burnham: "if we don’t have sufficient public control over the cost of the essentials, how can we have control over inflation?"

Reality: prices have risen much more sharply in sectors with greater state intervention than in those led by market forces 👇

[Mike Jones @technopopulist]

It is a very satisfying video, and I implore everyone to watch it. But what is really fascinating is not that @DanNeidle and Gary disagree over wealth taxes. It's that they approach public policy from completely different *mindsets*.

Dan is fairly ruthless in separating morally appealing policies ('vibes') from their real-world effects. He asks: 'Will this do what it says on the tin?' 'What are the unintended consequences?' 'What does the evidence say?' and 'Could this be counterproductive?'

Gary asks none of those questions because, in my view, he fails to distinguish between good intentions and real-world outcomes. If something feels good and righteous, then the evidence must support it and nothing can possibly go wrong.

To me, that is a big problem with much of the Left's approach to economics. There is an assumption that moral feelings and good intentions naturally translate into good outcomes in the real world. THEY DON'T.

[jimbobbles @jimbobbles]

@gunnerking_14 From Spurs fan, this is brilliant – thank you! Have always had a grudging respect for how Arsenal are run, so this resonates a lot

[jimbobbles @jimbobbles]

@MrAndMrsSpurs @BookofAEGIS “Crypto enthusiast”

[George Sessions @GeorgeSessions]

Genuinely crazy that the two English people to ever achieve this feat were both born in Whipps Cross Hospital in Leytonstone, attended Chingford Secondary School and played for Ridgeway Rovers 🤯

[Marcus Walker @WalkerMarcus]

It is literally insane simultaneously to think that 16 and 17 year olds are mature enough to vote but not mature enough to look at Instagram at 8:30pm. This is comically absurd.

[Sam 🏁 @pvfc_sam]

By far my favourite ever video on the internet 😭😭

[🏴󠁧󠁢󠁥󠁮󠁧󠁿🚀 @blthfc]

No idea how PSG haven’t won that in normal time. Arsenal have had a grand total of 0 shots in the second half. An absolute embarrassment of an institution

[Talking THFC @TalkingTHFC]

LET IT ALL WORK OUTTTTTTTT

[Institute of Economic Affairs @iealondon]

📊 On average, Brits think the NHS makes a 34% profit. It doesn't make any.

Supermarkets profits are estimated at 50%. The reality: 2–4%.

Voters think energy companies make 57%. The reality: -5% to 15%.

We are significantly overestimating how much companies profit.

[Tom Holland @holland_tom]

A bad day for players who look like they fought in the battle of Agincourt

[Peter Hague @peterrhague]

The tax thresholds are ridiculously low here so basically this means that if you sell a successful business, approximately all of it will be taxed at 45%.

The Labour Party looks at an economy that hasn’t had significant growth in 18 years and thinks 45% CGT will help. 🤦‍♂️

[Nick Almond @DrNickA]

This tweet is a fascinating insight into the dire state of the U.K.

Mostly it’s people who find it morally abhorrent for people to be on minimum wage serving coffee.

If you can’t use the minimum wage for entry level unskilled work. What can you use it for?

Many seem to think Peter should divert his savings to subsidise higher wages effectively operating at a loss. An economically irrational thing to do. Why would you pay (and work) to lose money?

Many seem to think he should shut the coffee shop down completely, removing those jobs from the market all together. Presumably no jobs is a better outcome than minimum wage jobs.

The minimum wage is now roughly £26k a year. About what I started on as a mathematics lecturer in 2010 after I completed by PhD. I worked 60-80 hours a week.

Your take home pay on the national average wage is only £170 a week more than someone on a minimum wage job. Which in order to get you’d need to have a profession and about a decades worth of experience in that profession.

That’s like one family meal and maybe a trip to the cinema. Hardly worth a decades hard work is it? And if you’re trying to save for a property, you won’t be able to have that.

It also means that the median UK worker is a family meal and some mild entertainment away from morally objectionable abject poverty.

What a mess

[Lyn Alden @LynAldenContact]

Politicians are like “we’re going to fix this”

[Bloomberg Podcasts @podcasts]

Rachel Reeves is likely to do the "wrong thing" in her budget, says economist Art Laffer

He tells @MerrynSW what she should do

Listen in full: https://t.co/FxLyN7wouA

[Stefan Schubert @StefanFSchubert]

The UK has the biggest tax rate difference between top earners and average earners in the developed world, writes @jburnmurdoch

https://t.co/LdQro5JEj9

[John Stepek @John_Stepek]

Go to uni: punched in face
Have kids: punched in face
Get promoted: punched in face
Someone who is good at incentive structures please help me, my economy is dying

[David Lawrence @dc_lawrence]

With all the exit tax rumours (whoever briefed them is a fool), some people are claiming that billionaire wealth is immobile so we don't need to worry about capital flight.

I thought I'd do some quick research into the UK's wealthiest people, and how mobile their assets are...

[David Frost @DavidGHFrost]

Tax rises *are* austerity, just in a different form.