Tim Worstall

Blatherings and facts about the tax gap

Written by | Sunday 13 October 2013

HMRC's just released their estimates of the tax gap. What should be paid under the law of the land against what is actually paid. And as a result we've got Richard Murphy shouting that HMRC's estimations are all wet for he's the guy with the real facts.

Now I am actually under a promise to Madsen not to mention Murphy too much here but he's given us a perfect example of why the numbers differ: because the definitions do. Here's Murphy on corporation tax revenues:

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If you've not got the skills then maybe it's the institutions?

Written by | Saturday 12 October 2013

There's been much fussing about education and skills these past few days as a result of another information release showing that various countries have higher educational skills than others. And also that various countries have higher incomes than others. An example here:

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Why have bureaucrats when markets already solve problems?

Written by | Friday 11 October 2013

An interesting little snippet of news from the colonies:

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Let's smash a cartel today

Written by | Thursday 10 October 2013

I've pointed out here before that parts of the fertiliser industry seem to be run as a cartel. Now we've evidence that much of the fertiliser industry is run as a cartel.

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The desperate horrors of wealth inequality

Written by | Wednesday 9 October 2013

Yes, we've another bunch of bedwetters and handwringers telling us how appalling it is that Britain is so unequal. This time it's about wealth inequality. It's just absolutely terrible about how unequal it all is. Here at The Guardian, at the "Inequality Briefing" site and I'm afraid that it's actually out and out nonsense. Entire tripe.

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Making the wrong argument about supermarket cashiers

Written by | Tuesday 8 October 2013

Farhad Manjoo makes a valiant attempt to insist that supermarket cashiers aren't going to be out of a job any time soon. So what's with all those self-checkout things then?

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What they're really doing with the limitations on political party funding

Written by | Monday 7 October 2013

There is, as we all know, a move afoot to try and ban the spending of large sums of private money on the pursuit of politicas. Specfically, on the donation of large sums of money to a political party. We will then be forced to cough up for the poltroons through our tax bills rather than in a voluntary manner by our donations. This, in itself, is good enough reason to condemn the proposals.

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It really is all obvious or trivial except

Written by | Sunday 6 October 2013

There's a story about economics, that it's all trivial or obvious except....the except being Ricardo on trade. The point was made when a mathematician asked an economist whether there was anything in economics that was not trivial or obvious. As opposed to, as in mathematics, attempting to unlock the secrets of the universe of course.

I was reminded of this when reading about Sam Johnson and his writing of his dictionary recently. I came across this quote:

Yes, Sir, no man is a hypocrite in his pleasures.

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Talking about controlling conflict minerals

Written by | Saturday 5 October 2013

I was having a chat this past week with a senior bod in a charity that is trying to do something about conflict minerals. These are the ones where child slaves are sent out to dig up the ores which the armed militias then greatly profit from. Something I'm sure we'd all like to see stopped.

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Making the US Govt shutdown seem worse than it is

Written by | Friday 4 October 2013

It's always the same, any bureaucracy under attack will cut the most obvious, public and desired of its services when the budget is under attack. It's never the paper shufflers who are asked to cut back but the library hours that are reduced. Or the parks are closed rather than the diversity advisers getting it in the neck. So it is with this latest shutdown of the US Govt.

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