@ericabrescia Yeah - unbelievably frustrating. Was half way through a business planning process which o3 was doing really well then 5 dropped (and automatically switched me) and I have not been able to get it to do anything useful for about 12 hours. Endless questions and no output.
@RachelReevesMP For as long as you keep kicking British businesses in the teeth there will be no growth. We need smart entrepreneurs and businesses to invent and create world beating products and services. THAT will grow the economy and create jobs not more debt fuelled government spending.
If you’re a UK citizen, did you pay £17,000 in taxes last year? If you’re a family of 4, did you pay £64k of taxes as a household?
If not, someone else did on your behalf. A tiny group of people (1%) pay about 30% of the income taxes.
This tiny little group of Brits aren’t just our Dentists, Doctors, Professionals, Engineers, Pilots, Entertainers, Executives, Business Owners and Entrepreneurs, they are also the biggest tax slaves for everyone too.
A person earning £150k is paying £60k in tax. A person earning £30k is paying £6.2k in taxes.
The high earner is making 5x more and paying 10x more in tax.
Given the government spends £17k per person - The higher earner generates a surplus of £43k in taxes while the lower earner requires £11k of someone else’s taxes to cover their portion of government spending.
It takes an income of £60k to generate £17k of taxes. So, very few people in the economy are able to cover the costs of themselves, let alone their families too. A tiny number of people can cover their own costs and generate a surplus for society.
When you hear people talking about how greedy the rich are, and how we need to make life harder for them, it’s worth considering that if they were to stop earning or to leave, the entire system would collapse.
The issue we have in the UK is not enough rich people. We need to either develop them ourselves or import them from elsewhere. We absolutely can not afford to lose them.
As we approach an election, be sceptical of any party who claims they can fund spending through higher taxes on the rich. We already have that! What we need is a party that has a plan to create more rich people or invite them from abroad. It’s never been easier for rich people and high earners to live and work anywhere - of course they’ll go wherever they are treated best.
The UKs survival is directly linked to the number of high earners - best not to drive them away.
@AdyBman @AndyGoode10 Yes - a fish rots from the head down and right now we are seeing diehard fans switching off and potential fans not engaging because of this appalling brand of England rugby. It will impact the wider game. Sad.
@MilesHarrisonTV Just such a shame that the four best teams in the tournament are not in the semi finals and that we won’t get another competitive game for 2 weeks.
@Laurenc77096271@AndyGoode10 He is not apparent to me that he is even an amazing captain. He seems to antagonise the refs hate and he seems to stifle the whole team.
1/ I'm sharing the 10 ideas I'm most excited about in crypto right now. If you're building something in crypto or thinking about doing so - check it out.
We’re building lots at Coinbase, but we don't have time to tackle everything. So I figured I'd share these. Bear markets are the best time for building - why not start today?
The $35 million stolen from @AtomicWallet users is being laundered through Sinbad - the mixer fka(?) Blender and used heavily by NK's Lazarus Group
https://t.co/UHCwfZiw8e
We are pleased to announce @elliptic as our conference sponsor. This conference will take place on 5th July 2023, hosted by @BUCSIS2:
"Threats, Risk & Opportunities in the Cyber-Domain".
Many thanks to Aruna from @elliptic for making this happen!