Tim Worstall

Woo time on tax poverty

Written by | Thursday 7 November 2013

Yes, it's still tax poverty week and the claims about moving from the current minimum wage to the living wage are coming in thick and fast. The latest piece of woo on offer is this:

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The value to us of Sainsbury's is not the amount of tax that they pay

Written by | Wednesday 6 November 2013

This is a slightly strange thing for a businessman to be saying:

Justin King, chief executive of J Sainsbury, has challenged business leaders to “stand up” and reveal their tax practices, arguing that “tax is a moral issue” for British companies.

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Yes, it's still tax poverty, not a Living Wage

Written by | Tuesday 5 November 2013

So we've had the announcement of the new Living Wage rate: that level of income which allows a full year, full time, worker to earn and not be in poverty in the UK. That definition being, rightly, what people think people should be able to do and not be in poverty: as with Adam Smith's linen shirt.

That number that has been announced? 7.65 an hour.

But as I have been shouting for years that is a pre-tax number: that's the earnings before the State gets its grubby mitts on these paltry earnings of the working poor.

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Welcome To Tax Poverty Week

Written by | Monday 4 November 2013


Someone or other has decided that this is Living Wage Week. A far better name, one that properly describes the reality, is Tax Poverty Week.

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So, does competition work in health care or not?

Written by | Sunday 3 November 2013

We can all refer to theory about whether competition, markets, works in health care or not. There are still those who insist that competition and markets never work at all (yes, sadly, still some antediluvians out there) and even I will agree that there are areas of life where markets, pure and unadorned, are not the optimal solution. The question is though, well, do markets improve heatlh care provision or not?

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No, no, I'm afraid this isn't quite how it works

Written by | Saturday 2 November 2013

A very badly aimed piece of snark in the Telegraph's city gossip column:


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Maybe Marx was right, just a little bit

Written by | Friday 1 November 2013

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Err, yes, this is how capitalism works

Written by | Thursday 31 October 2013

I find myself distinctly confused to read this in the newspaper:

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If you start from the wrong place then you're never going to get to your desired destination

Written by | Wednesday 30 October 2013

I do tend to like making fun of the economics leader writer of The Guardian, the history graduate Aditya Chakrabortty. For his knowledge of the subject he covers is, how to put this, less than complete. For example, here he is on finance:

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Meanwhile, over here in reality Sweden shows how laissez faire capitalism makes people rich

Written by | Tuesday 29 October 2013

As we all know Sweden is burdened with an extraordinary tax burden, one so heavy as to crush all things of beauty within that country. But that's the price that has to be paid for the glories of an icy social democracy of course.

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