jgm2 says: August 22, 2012 at 11:13 am Biggest insider dealing scam of the last 10 years? Labour politicians using ‘expenses’ to do up multiple properties knowing full-well that the government would do everything possible to maintain runaway house pr*ices.
Turn a blind eye to reckless lending? Oh yes.
Ignore house price inflation to justify low interest rates? Oh yes.
Change from RPI to (lower) CPI to justify lowering interest rates? Oh yes.
Employ one million bedwetters, box-tickers and bastards on job-for-life deals and set them loose on the limited housing stock available? Oh yes.
Reduce interest rates to 0.5% to artificially prop up house pr*ices even more. Oh yes.
Guarantee mortgages to the (newly) unemployed for two years. Oh yes.
No wonder the likes of Alistair Darling flipped five (was it?) flats.
C*unts. Destroyed the UK economy so they could make a few quid in property speculation.
Darling, Balls et al, not to mention the Bory's, were all at it - whilst I think this was merely a symptom of a deeper malaise it is but a gold seam to add to a rather thick and luxurious noose we should be hanging the lot of them by.
I've been thinking a lot about this minimum pricing lark and I've reached a conclusion; I like it. I fact I like it so much I can think of a number of other area we could apply it to:
- Receding hairline matt varnish. - Vaseline intensive care eye-lid moisturiser. - Cocaine and related products. - Samuri swords.
For as you know a minimum price will have the following effects:
- it dissuades frivolous uses of those products it's applied to, leading to a much snazzier kind of user. - it leads to better quality product as providers of poorer versions quickly go under.
Examples:
Receding hairline matt varnish
Ye gods the light! It burns!
VIC eye-lid moisturiser
Moisture. SO MUCH MOISTURE!
And clearly the last 2 examples never saw anything crop up as a consequence of raising the minimum price to, say, ooh 5 years in jail minimum.
Oh.
Well never mind that I have a rather elegant proposal we could apply minimum pricing too which would kill 2 (fat) birds with one stone.
We legalise prostitution and apply a minimum price for services rendered by sex workers; I can see it now (or hypothesise on the impact as my wife doesn't let me out after dark; it's scary out there) - beautiful, scantily clad maidens fair wandering the darker reaches of Leeds' Red Light District scanning for work, Roxanne will put on her red light tonight.
But wait Tom it just won't be that way you say? Why not - surely higher quality poontang will be in the offing if we raise the minimum price Bertha charges versus some lithe eastern European competition; it'll be safer too - the bottom-dwelling echelons of the market for sex will no longer have the cash to partake, prostitutes will be cleaner and safer as their violent cheapo-stinko punters disappear.
What do you mean that will put Bertha on the dole? She was on there already - why does it matter if she can't afford that Sky TV anymore? She was already finding it difficult to attract punters as it was, particularly since you banned smoking in her work place.
And wait your telling me those violent, dirty disease riddled punters just found other ways of getting rowdy, assaulting folks, drinking alcohol hand gel and sniffing glue? What - they managed to shack up with one another?
Then,
For what reason do you think pricing the violent, unwashed masses out of the drinking market will have an impact on their behaviour?
And even if it did why would you allow the purveyors of alcohol to keep the artificially raised profit from this activity?
There is no economic justification for creating a minimum price; there is no legitimate moral argument ultimately - your just spreading the misery on the lowest earners from the top.
But, by forcing the revenue onto the industry, which will see some companies who went for premium product not affected by minimum pricing, whilst killing other groups who sold alcohol to the lowest paid (and I believe we would be lucky to see this be neutral in aggregate on the alcohol industry) you create the least good, most destructive justification of them all: a political one.
Raising taxes is always unpopular, artificially raising prices further along the supply chain (whether it be money, booze, fags...) mitigates the effects of that unpopularity, moving it onto other groups (read big alcohol/tobacco/finance etc.)
But Lib Dem leader and Deputy Prime Minister Mr Clegg said on Tuesday he was a "strong supporter" of the cap, as were the "vast majority" of people, because it was "fair to say you can't receive more in benefits than if you were to earn £35,000 before tax".
Still when all is said and done the question I will be asking to my mp Rachel Reeves and what I urge you to ask your own mp and assorted lefties will be this:
If £26,000 is not enough in take-home benefits to support those on welfare then why is it more than ample for a taxpaying worker?
Divvy up that figure into 2 people working and you get a minimum £13k income untaxed that Labour and associated peers say is desperately not enough to support a household; current standard tax free allowance is ~£6.5k for most folk.
So why is it ok to tax twice as much income from a hardworking taxpayer as it is to cap double that in benefits to someone who isn't working?
Blogging light for the foreseeable future; work heavy. Will try to get more in but money and patience in short supply. Stay safe and eyes open!
It seems everybody is doing it these days; my wife did it yesterday; it seems highly likely my work colleagues will be doing it next Friday and it is not entirely out of the question that my wife may be called to do it again in the very near future without resolution: I am of course talking about having some sort of naughty intercourse with a loved one despite the thrill being long gone.
Or striking due to pensions; I cant remember which as I have had very little sleep in the past few days.
In both cases my view on the subject has changed little (my feelings on the content of the arguement on both sides are a different matter): the government has been keen to kick this particular ball into the long grass well into the future for decades and a considerable ratcheting up of the public sector liabilities in terms of wages, pensions and perks is now being challenged by a massive financial crisis in major part caused by the kind of intervention perpetrated by those self-same civil servants. However, those civil servants did sign a contract in good faith with their paymasters with a view to getting a particular benefit in return for the sweat of their brow; if there paymasters wanted to change the terms of their pay for new employees then that would be fine but that is not what is being offered: as this BBC Q&A on the pension strikes shows what we actually have is an attempt to change the goal-posts midway through.
Irrespective of what libertarians think of the public sector pay, scope and conditions (here is an excellent example) I cant help but think we should see this from a contractual point of view - they offered a service for which the expected returns are now being renegotiated; however you feel about the supposed fore-knowledge of those self-same unions and workers about the likelihood of their fields continued expansion and the ability to meet the ever increasing wage and pension bill, the coercive autocracy that Labour became (ever was?) that perpetrated this massive expansion knowing full well that history would regard them as heroes and the incoming conservatives as monsters stealing milk and pensions and stuff and would forget about the actual detail such as the former government having no credible plan to pay for any of it or the actions of a few rogue bankers intent on derailing the whole socialist utopian exercise by employing cutting-edge financial instruments that mainly focused on the financial powerhouses of black men in string vests' - for the record I think it's a combination of all 3 of the above (the bankers in question being central bankers, not, as is obviously assumed, entirely at the doorway to commercial banks, though undoubtedly not helped); you need just look at the asinine suggestions of union leaders over the last few years - government has Ponzi'd all our pension contributions away on Cherie Blair's human rights law firm and Gordon Brown vanity projects? Pension fund has been scuttled by poor pension investment vehicles? I know! Soak the rich! shut down global trade! charge people for sending/receiving spam! To me that sounds like a good reason to linch your paymasters, not rob the productive and successful.
Anyway, coming back off tangent, how do we solve the problem? I have a 3-point plan on how to deal with the problem that is both elegant, simple, non-fattening and would prove almost universally popular by all but the most left-wing, swivel-eyed sociopathic, diversity mung-bean, poy-dance coordinator (so am guessing about half of them): it would enable:
The public sector by and large to get a pay increase.
Enable them to also afford the new pension contributions being asked for.
Reduce the overall headcount of some of the British public's least favourite aspects of the public sector with little or no fuss from the remainder.
My idea?
The public sector pay average as of January this year out-stripped the private sector at £23,660 compared to £21,528 (and I am certain this figure doesn't take into account the other perks such as the final salary pension schemes etc. so the difference has some ancillary factors pushing this even higher); this means that net an average public sector employee takes home approximately £17,470 according to my shiny Listen to Taxman app on my iPhone; just short of £1500 a month spare. To give them a "happy" pay rise lets assume we match inflation - call it a 5% pay rise + 3% for the additional requested pension contributions for simplicity: that would mean the take home pay increase should be ~£1575 a month or an extra £1400 extra a year.
So again Tom get to your point - what's your idea?
Simple: immeadiately reduce public sector pay by 6-8% and make the remaining income-tax free (NICs, student loans and pension contributions etc. remain).
The difference in the cut wage bill and the increased take home pay + pension contributions would be more than enough to keep the workers happy; you could then renegotiate new and recent starters' pension schemes with less fuss kicked up by those lucky enough to have a final salary pension, perhaps by ending national pay scales and paying new recruits weighted against their predecessor.
This also carries the advantage of making the public sector the most vocal group on the reserve to argue against increasing income taxation and high NICs - it would not be tolerated for long were the public sector wage bill to rise again and the issue of "fairness" would be thoroughly abandoned by those self-same groups with their massive advantage over taxation.
This also just makes sense; why on earth do we think it's a good idea to pay our employees only to take a portion of the cash back in order to pay other employees? Why not just pay them less, code them differently in the tax system and remove them altogether?
But what about the higher paid local council millionaires Tomrat I hear (myself?) scream? Fair enough - charge them a high rate of national insurance and/or remove any upper maximum take; failing that stop voting for spineless politicians and ask for real, bloody reform of the system that allows the mass looting of public finances. Similar rant but this time about QuANGOs? They aren't public sector bodies or the tax code doesn't apply - as such they are subject to whatever rules for taxation the rest of us put up with but would find themselves with all the problems of a rapidly reducing pension pot; the pressure will be on the government to fold them back in and reform/remove their role.
The only people who should be out of work at the end of this exercise should be a couple of thousand HMRC admin staff who are surplus to requirements as a large number of tax returns, PAYE forms and ancillary documentation will simply cease to be processed.
As far as I can see this government has missed a vital opportunity to argue for reform of the public sector by instead focusing on reduction of the bill they will always lose the latter arguement because without addressing the former civil servants will reduce at the coalface, not the back offices and executive suites; the managers are not going to vote for less management. All that is left to this current government if they want to make an impact is elegant, unarguable changes to the system that are both exercises in reform and compromises on the subject of money; a subject the state seems constantly fixated on.
David Cameron has said increasing UK contributions to the International Monetary Fund "does not put Britain's taxpayers' money at risk".
The PM said it was "in our interests" to support the IMF but stressed again that the money would not support a eurozone bailout.
Riiii'ght. So he can absolutely guarantee that te ex-French Finance Minister now head of the IMF, Christine Lagarde, halining from the very country up to it's eyeballs in Greek-debt, will not be dipping her hands in the till to shore up her countries precarious financial failings?
And how, might I add are you going to stop this? You seem to be pretty sure of yourself that you can convince the G20 but the IMF is a transnational entity; it doesn't have to listen to a word you say - it is beyond your feeble control CastPig-Iron Dave, and what will you do when it hands the cash over to French banks? Reduce our contributions next time?
He also suggested any increase would not be put to a vote in the Commons.
So you know you are going to lose so you have decided mp's don't get a say? How very Blairesque of you.
When I asked my MP to vote for a plebiscite on our Eurozone membership the other week and was promptly told no I had promised her that I would make it a hobby, nay, a favourite past time to bring it to everyones attention in her constituency just how much she has cost us by her towing the party line, greasy-pole climbing actions and see if her less than 25% of the electorate will keep her in power.
What makes you think Mr. Cameron that I will any less easy on any of your candidates in Leeds? Most are in precarious positions as it is and I will see them lose to a Labour'ious candidate before I allow you to circumvent parliament.
You will pay for your promise breaking to the electorate in small cuts and I promise I will contribute to that humiliation.
You and Osbo the Clown started out mediocre at best but at least in the right direction; you have now sold off all the savings made from your cuts for international recognition and praise by players who wouldn't sooner wipe their dog-shit stained shoes on you.
Gawd bless my lil Sis; convinced her to get me a subscription to Reason magazine for my birthday and she pulls through (a little over 6 months late but who's counting.
In a paper published in the spring issue of the journal Peace Economics, Peace Science, and Public Policy, Pal analyzed data from 98 countries. Her goal: to see if there were statistically significant correlations between press freedom and seven measures of instability, including ethnic tensions, external and internal conflicts, crime and disorder, military participation in government, and religious tensions. An increase in press freedom, she concluded, reduces all seven measures of instability. (emphasis mine)
Now I think we are far from being able to say explicitly that one causes the other; more likely there are synergies at play that won't show up on an initial analysis but the results are compelling: greater press freedom skews attempts at government at closing down alternative lines of debate (why I feel the internet is so important and rightly feared by our current political elites).
This is particularly interesting though:
Pal also noted that state ownership of media is associated with higher corruption, weaker civil liberties, insecure property rights, lower education and life expectancies, and higher infant mortality and malnutrition.
And yes I realise that Aunty Beeb is not technically state owned, but it does derive it's powers of coercion from the state so will be less likely to bite the hand that feeds it (nibble mildly in the case of the Squandervative coalition maybe, but only because they lack the prerequisite spine to do anything about it).
Worth a try killing the Beeb in any case though eh?
I am on holiday having spent the better part of 3 months working 12 hour days just to keep vaguely on top of my work; it has been the peak season for us and I am bushed. I am on a retreat with several churches in North Wales with my wife and daughter followed by 2 days back before heading out to Spain, palming off our daughter on the grandparents (you know, for an actual vacation.)
In a meeting this morning the retreat organiser got up to remind us of the annual offering we make to the hotel staff; we bulk-buy the rooms and services of 2 hotels each year and at dinner on the Thursday we all contribute massively to the tips for the staff; the amount is divied up by management depending on the hours worked - we are hoping to raise over a £1000 this year as the staff are impeccable, attentive and long-suffering considering the number of elderly and infirm with us.
That is why it struck me as Dow right offensive when David, the organiser, told us that the management, in a spirit of honesty and integrity, put all the collected offerings through payroll, making it subject to tax and national insurance, then top up the amount extorted in tax so it doesn't hit their employees: the cleaners, the waiters, the receptionists and the cooks.
It struck me that in the drive to alter tax breaks for the rich and poor one thing that is never brought up in discussion or is very quickly closed down is the righteousness of taking this money; the workers in the hotel are all minimum wage and earn every penny yet will still be taxed and squeezed till their pips squeak; the final act of indignity is only avoided by the long-suffering management of the hotels giving up their own monies to dole out a gift for their staffs' hard work given by those, the majority of which are on a fixed income, who are seeing their savings undermined, and their own limited income destroyed by inflation. All so David Cameron can continue paying foreigners to build idols to the green god while thousands die for want of NHS resources being cut, squandering every saving he makes on keeping a currency we elected not to join afloat and an established elite saving face.
The poor will not bleat because they will never understand why their wage packet seems so light despite their phone calculator saying it should be something else; they don't understand why the terms of their contract with government - what they are getting with their money - are so inexplicably skewed towards the socialist kleptocracy and squandervatives in charge because they are too busy scrubbing toilets and waiting tables, and their management have enough respect and integrity to mitigate the effects of the looting of a gift from those they serve to ensure it is a finer offering than is possible.
But we are on the precipice; when understanding comes it carries a whirlwind with it and it will carry this new bourgeois with it; we have seen a glimpse of it over the last few weeks with a thousand people suddenly realising that the behaviour of the politicos' client class will never be challenged, whilst those who do try, the breadwinners, the tax-chattels defending their property, will be punished severly.
No - I prefer freedom within a defined rule of law and the means to pay for it's upkeep; it matters not one jot if that is achieved by a dictatorship, democracy or theocracy, though all 3 and more besides have been found profoundly wanting.
Democracy beyond arbitrating over how best to deal with infringements on negative freedoms will also trend to tyranny and their suppression; it has become a decision between 2 wolves and a sheep as to who to eat for dinner.
And I will have no part in moralised cannibalism.
Apologies about my absenteeism - work calls, and frankly the pays better. I am still reading and seething though people.