Joel 🇬🇧

Millennial Brexiteer, British. Civic Nationalist. Likes politics, science. All views are my own, RTs/follows not endorsements.

Blogs occasionally.

[Joel 🇬🇧 @jrwrites_]

Here I present the story of how the UK was integrated into the EU without consent.

40 years of refusing to consult the electorate has now resulted in a #Brexit crisis, where politicians still resist the will of the people.

Please RT if you enjoyed!

https://t.co/8TJjNPAlaj

[Anglo Futurism Capital LP 🇬🇧🐿️ @RollingHedge]

Yes, spot on Dina.

You can all thank the voluntary exchange of goods and services, for its, er, vast service to humanity.

In all of history, nothing else has lifted billions of humans out of grinding poverty like it has, nothing else has increased quality of life, life expectancy and reduced infant mortality rates like the relentless growth mindset of the pro-business crowd.

Capitalism (Louis Blanc’s original) since became a pejorative Marxist label that I wholesale reject, and it belongs in the loo along with Marxism itself (obviously), which - by stark contrast - seeks to enshittify immiserate and impoverish billions of people; because the people pushing it are all retards.

If it has escaped your attention somehow, we currently have Marxists running the state. And not just from Westminster. And not just recently under Labour.

Appreciate your attention in this matter, on this warm Saturday morning.

Best wishes,
AFC

[Joel 🇬🇧 @jrwrites_]

@GregClinker Because that "tiny minority" makes up a disproportionately large part of the tax base, innovation and economic activity. Who will make up the shortfall, when the incentives to create wealth are removed?

Why are you concerned with others wealth? Can't you create your own?

[Joel 🇬🇧 @jrwrites_]

What are you, an infant? Stop trying to steal everyone else's wealth, and go out and generate your own.
#wealthtax

[Joel 🇬🇧 @jrwrites_]

@sm_richard Of course people can become billionaires. Most billionaires in the UK are "self-made".

Not everyone is capable of becoming a billionaire, but some people are. And when they generate obscene wealth, they generate jobs, companies and tax revenues for everyone else.

[Joel 🇬🇧 @jrwrites_]

@Eamonnmoran @DanNeidle Greater social mobility allowed a bigger middle class, not decreasing inequality.

To Increase the size of the middle class you need to increase the number of jobs and companies, and to get those, you need to provide insane incentives to offset the setup risk (i.e. billionaires).

[Steve Loftus @LoftusSteve]

I don't think there's a bigger charlatan in the UK at the moment than this man.

Everything he says is easily debunked, but he's found a way to make money from idiots.

[Joel 🇬🇧 @jrwrites_]

@Bart_E_Newman @KathrynPorter26 @heritage_surv @lancelachlan Oil and gas isn't subsidised by the UK exchequer, it instead is a net taxpayer - it pays more in taxes than it extracts in subsidy.

The same can't be said for renewables companies.

[Auguste Prompt @augusteprompt]

That’s genuinely insane. My “favourite” UK-China comparison is Hinkley Point C vs the city of Shenzhen.

> 1980 Shenzhen SEZ announced
> 1981 Hinkley Point C announced

Today Hinkley Point C is still incomplete with yet more delays. Unit 1 expected to come online in 2030 (I highly doubt it).

In comparison Shenzhen went from a network of fishing villages with a GDP of $37 million to a mega city with a GDP of $557 billion. It has two operational nuclear power plants.

It is genuinely hard to describe the state of Britain if you have not visited newly developed parts of the world. Practically nothing has been built in Britain in the last 50 years, it isn’t just stagnating, it’s dying.

[Max Klinger @MaxE2review]

This is a *perfect* example of the sort of terrible policies we end up with when those in charge care more about appearing ideologically virtuous, than they do about actually helping the people they claim to care about. We have huge amounts of hard evidence that this is likely to lead to bad outcomes, based on direct comparisons with almost identical experiments elsewhere.

In numerous progressive-led U.S. cities, this dogmatic approach (decriminalizing rough sleeping, reducing enforcement, prioritizing optics, etc) was tried, hailed as enlightened, and yet delivered terrible social ramifications. Then it was ultimately walked back, after progressives spent years insisting it was working and calling anyone who complained a far right extremist etc.

In Portland, tolerance for druggy encampments massively increased homelessness, fueled open drug use, record crime (homicides tripled), and visible disorder. The city saw population declines after decades of growth; and many residents fled.

In califonia, billions of USD were spent on non-punitive strategies that resulted in massive unsheltered populations, street disorder, and declining quality of life.

Even in the UK we’ve had a far laxer approach to this issue and homelessness has increased during the same period.

Insane but absolutely predicable that Labour would go down this route. Unbelievable, purely dogmatic, incompetence.

[Merryn Somerset Webb @MerrynSW]

Things that matter - and are hard to change. 53% of people in the U.K. take out more in cash that they put in. 37% in 1977.

[Joel 🇬🇧 @jrwrites_]

UK electricity price: 26p/kWh
Ukraine electricity price: 10p/kWh

Is this the best use of £290m, given that our electricity price is over 2 and a half times more expensive than Ukraine?

[Politics UK @PolitlcsUK]

🚨 NEW: Rachel Reeves has announced £290m in funding to help Ukraine’s energy security

It means the UK has now committed up to £25bn in total to support Ukraine

[Dominic Cummings @Dominic2306]

Britain’s ‘integration miracle’ and ‘diversity is our strength’ strike again

[The Economist @TheEconomist]

European football fans visiting America are discovering the mass affluence of the country’s suburbs. The wealth enticing holidaymakers troubles European elites. America, once a peer, seems to be racing ahead https://t.co/L3lw48WEwo

[Daniel Hannan @DanielJHannan]

I was on a radio programme with a different LibDem MP two weeks ago who kept asserting that we’d have 4 per cent more growth if we joined the customs union - something I’m not sure anyone has seriously claimed.
When I asked her off air why the customs union and not the single market - which genuinely would remove some of the trade barriers - it became clear she had no idea what the difference was.
Europeanism is all about the vibes.

[Matthew Bowles @Matthew__Bowles]

Pleased to write for @GreatBritishTT on Labour's plans to link the UK ETS with the EU's.

UK carbon prices have already risen by around £20/t on linkage speculation alone, with an estimated £5bn economic cost.

Higher carbon costs risk pushing production overseas.

Full piece👇

[John Wills @johndotwills]

Carbon Regulation arbitrage is a huge opportunity for the UK. Watch as we do nothing with it. Ditto competition with european ports.

We could have ships discharge cargo at southampton and folkestone at a lower (carbon) cost, then hauliers could move cargo from UK to europe. More trade, more cash, no real downside.

The government won't want to outcompete Europe (why do you think that there is all this talk of 'alignment' with EU Regs?), though, so that cash and those productive jobs won't exist.

[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.
🚮

[Nick, 30 @an0n_Nic]

FT comments never miss