Almost daily and somewhat original motivational quotes and musings for retail investors
England, United Kingdom
- Tweets 2,280
- Following 673
- Followers 300
- Likes 3,731
Pinned Tweet
The journey to great wealth starts with with just a few pennies...but as with any great expedition, not everyone will survive the trip
31
2,489
We should not accept this obscure statistical reporting...whether something has 10, 10000 or 1000000 signatures does not make it objectively better or worse policy. Then adding 'to help the cost of living' onto the end of it is hollow.
This is just populist posturing.
I'll be presenting this petition in Parliament for a tax on bank super-profits ahead of the coming Budget.
Almost 10,000 people have already signed.
It could raise up to £15 BILLION a year to help tackle the cost-of-living crisis.
Add your name 👇
c.org/ZKqkHmF4TF
26
The next financial shock will probably be some kind of sovereign currency crisis. Buy assets they cannot print out of thin air..
16
It's currently assumed that when politicians talk about 'fairness' it always means targeting the wealthy, but here's what we actually need to consider..!
More than a third of adults don’t pay a single penny in income tax.
That is fiscally unsustainable, morally irresponsible – and not the historic norm.
Forget the fiscal cost of raising the personal allowance for a moment - we need to speak more about the moral toll.
34
Meeting your 'fiscal headroom' requirements from your 'self imposed' fiscal rules by changing your self imposed fiscal rules is the national equivalent of telling yourself *you deserve this* before buying a holiday with your overutilised credit card..
Treasury open to smaller fiscal headroom to reduce UK tax hikes ft.trib.al/bh72LtZ
74
Fewer people are watching TV and paying for TV licenses...I know, what about people who have broadband?
1
44
'Abolishing' a tax but adding another one with another name and broader scope is actually called raising taxes...
BREAKING NEWS: TV licence fee could be abolished - but replaced with £11 a month 'internet levy' under Labour
gbnews.com/money/tv-licence-…
81
Make sure you get your truths from only your own verified local government source..!
BREAKING PM Andy Burnham has announced plans for a new National Centre for Information Defence to improve community cohesion and prevent a "distorted and untrue narrative about Britain".
The new centre will draw up expertise and best practice, and ensure the UK has the defensive capability necessary to combat information warfare and build national resilience.
Mr Burnham said: "There is no national security without a strong, cohesive society. That’s the starting point for everything we hold dear and everything we want to achieve. But the fact is that it has been under attack.
"In recent years we have seen an industrial-scale assault by hostile actors on the information environment in the UK and many of our allies.
"Russian agencies have used every means at their disposal to spread lies and disinformation and prey on people’s fears. They’ve used bots and fake websites. Falsified newspaper articles.
"Forged the branding of 28 British organisations – including universities and the BBC. They’ve amplified far right narratives. And we have evidence that they tried to interfere with the 2019 General Election.
"We also know that they have tried to stoke tensions and unrest in the wake of horrific events. The idea that anyone would try to use such things to their advantage is just repulsive – but it is what they do."
More now at @GBNEWS.
39
If the best response someone has to this is attacking the guy for leaving the UK a few years ago and therefore not paying any income tax, please encourage them to objectively look at the situation we're in, and stop trying to blame individuals for the consequences of our system.
Sir Jim Ratcliffe's Ineos to mothball three major chemical sites in Hull bbc.in/4xwXvYF
552
The gym is actually a very fun way of making analogies for investments and taxes and more...and this is exactly not that!
The current government's gym analogy...if you work hard and put the effort in, they will blame you for being fitter than those who can't be bothered to go!
Learning about pensions is a bit like going to the gym: you know you should do it, you feel guilty for not doing it, but you're just not sure where to begin.
Here are two big facts about the UK system that everyone needs to know.
torstenbell.substack.com/p/t…
1
1
68
Market Morale retweeted
Government spending overshoot adds to borrowing woes ahead of the Budget.
August was bad. The Government borrowed £18.3bn, almost a fifth more than a year ago and £3.5bn more than the OBR expected.
Debt interest reached a record for the month and previous borrowing estimates were revised higher.
Full analysis out later today.
8
23
172
7,134
About a tenth of all 'tax' goes into funding this debt interest, yet headlines are being made about a few pound subsidies here and there, or trying to squeeze another few percent out of individuals and businesses somehow.
These things need more attention!
The UK paid nearly £9 BILLION on its debt interest last month — the highest figure since records began.
As we’ve been writing for a while, we’re heading into a debt crisis.
We need to slash spending and unleash British businesses.
Labour is doing the very opposite.
31
It should go without saying that raising barriers to investing or realising profits will discourage it...and yet here we are, having to say it again..!
26
Stuff like this makes me really question how they are trying to 'balance the books' as they say, as if they need to submit some kind of file before a deadline and this ticks that box.
They've literally been told it's a bad idea, but through what I presume is a mix of pressure and optics, as well as some flawed assumptions specifically on CGT as alluded to in the below, you can just bet that they're plugging previous years much larger takes into a spreadsheet that increases top rates by ~20% into the next few years and they'll be happy they've 'fixed it' without any consideration for either the reality of it or what any direct effects or beyond might be!
Hiking capital gains tax to 45% would be possibly the most moronic policy yet adopted by Labour. They seem unable to get it into their thick heads that this would result in a significant reduction in tax revenues.
Capital gains tax is a voluntary tax, only levied when people choose to sell an asset for a gain. If Labour hugely hiked the rate people just wouldn't sell.
HMRC itself has made clear that raising CGT to 45% would result in a reduction in revenue of at least £7 billion.
54
Does anyone else feel that each time crypto gets derisked from some macro or regulatory headline, geopolitical tensions always spike...
16
