Tim Worstall

Explaining things to George Monbiot once again

Written by | Wednesday 23 April 2014

Sadly it's necessary for us to describe the way of the world to George Monbiot once again. Here he is complaining about the fact that the government is putting a value on various parts of the environment:

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It's inheritance tax that stops inheritors losing their fortunes

Written by | Tuesday 22 April 2014

As we all know there's been some form of inheritance tax in both hte UK and US for over a century now. And as we're all also being told there's been an increase in wealth inequality back to the levels we had before inheritance tax. This will sound a little counter-intuitive but one of the reasons is that we have that very inheritance tax. Consider this from the US:

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The glory that is Will Hutton

Written by | Monday 21 April 2014

We're getting close to the point that we'll have to declare Will Hutton a national treasure, something that must be preserved in aspic for the glory of posterity. Read through this little point:

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HMRC is intending to sell anonymised tax data

Written by | Sunday 20 April 2014

It appears that HMRC is going to be selling anonymised tax data.

Government plans to share taxpayers' data with private firms were condemned as "borderline insane" by a senior Conservative MP. Under the proposals, HM Revenue and Customs would be allowed to release anonymised information to third parties including companies, researchers and public bodies where there is a public benefit.

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Something of a blow to one of Polly's pet peeves

Written by | Saturday 19 April 2014

We're all aware of one of Polly Toynbee's little foibles: her insistence that because the people who own successful newspapers aren't left wing therefore the true left wing nature of our society gets overlooked and overruled.

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A little reminder of how far we've come

Written by | Thursday 17 April 2014

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It's not capitalism that Cuba should be worrying about but markets

Written by | Wednesday 16 April 2014

Cuba is, however gradually, reforming its economy which is great. However, they do seem to be concentrating on the wrong bits still:

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The importance of Tiebout effects

Written by | Tuesday 15 April 2014

An excellent little piece of cheering news about what this coming century holds for us:

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Oh how we laughed all those years ago

Written by | Monday 14 April 2014

Many years ago, just after Boris Yeltsin had abolished rationing and freed up food prices, I was in Russia when a little old granny was interviewed just before Easter. She wanted to know why egg prices were going up just before everyone wanted them to dye for the Easter festivities. Oh how we laughed about that, for of course the miracle of supply and demand means that when more people want something prices will rise. Not that we could expect someone subjected to 70 years of communism to quite get that.

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