If you funnel more high incomes through a progressive income tax system (of the sort we we have in Britain) you will see those on higher incomes paying a higher share of the total take. It doesn’t mean, as some newspapers imply, that the very wealthiest have been bashed like pinatas by a rich-hating state.
Fabulous long article by Burkhard Bilger in The New Yorker: 11,000 words on Google’s ambition to make driverless cars.
He quotes Sergei Brin, one of Google’s founders: “We’re not trying to fit into an existing business model. We are just on such a different planet.”
“In God we trust,” the company faithful like to say. “Everyone else, [...]
The Commisariat has been falling behind in its illiberal duties, having failed to ban anything for a month. So hear ye.
1. Lies, Damned Lies and Something Else.
2. “Take”, as in “my take on David Cameron’s cat”. Thank you to petitioner David Mills.
3. “Goes to”, “speaks to”. Nigel Fletcher.
4. “Up close and personal.” Richard Tolbart. As [...]
Like Jim Bowen The Old Lady of Threadneedle Street is showing us what would have happened if the financial markets had taken its “lower for longer” message on interest rates more fully to heart.
Everyone knows that crazed warmonger Tony Blair “took us to war” in Afghanistan and Iraq, and that professional British soldiers did the best they could to carry out the foolish orders of political donkeys, do they not? One person who does not know this is James de Waal, a visiting fellow at Chatham House, who [...]
I have an article about Peter Hitchens in The Independent today, for the tenuous reason that I have just discovered that he follows no one on Twitter. I am childish enough to enjoy this, but also, I hope, grown-up enough to say “it is not the case that Hitchens operates only in broadcast mode”: one [...]
Is it plausible that, with the aggregate debt to income ratio still at 140 per cent, people are now happy to stop saving and even, at some stage, to start borrowing again? If one’s answer to this is no, one would expect the saving ratio to rise again and for consumer consumption growth to fall back.
An intriguing speech by Nick Boles, the Conservative moderniser, at Bright Blue today. He suggests that the Tories should revive a sister party called the National Liberal Party, which existed until 1968, as an explicit form of rebranding to appeal to the liberal centre ground. He distinguishes between genuine liberals, who believe in freedom, and [...]
Our text of the week is Torsten Bell’s email to Greg Beales and others, as published by the Mail on Sunday:
As an example of why we’re having problems on EB messaging – this is his current three-part argument:
Cost of living
Recovery built to last
Economy works for working people
There has been a lot of comment about this, [...]
That nagging feeling that there is something missing? The internet is not the same without Normblog.
Since the death of Norman Geras last month a few people have said things about blogs and blogging that I thought were notable.
Paul Evans’s comments on why Normblog was so good were perceptive. He pointed out the significance of Norm’s [...]
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