Thanks Mark. It’s up 58% in the last 12M. That was the point of posting my comment.😀
Responding to comments in the spirit in which they’re made. Never posts without spelling misteaks. Tbe is my spelling of The🤷♂️ Making wine in Spain. The problem is inequality not growth FFS🤦♂️
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Thanks Mark. It’s up 58% in the last 12M. That was the point of posting my comment.😀
Assuaging your feeling of helplessness by pointing the finger at others. 👏
Actually I think it was Permanent Waves
Saw them at Newcastle City Hall. I assume it wax the 2112 tour.
Fantastic
What makes you think people are in doubt? They’re not. They don’t know what to do about it. Ideas?
But you should be. Unless of course you think taking people like me for granted will result in my vote.
More of the same but better. Sounds wrong to me. Target inequality more directly because at the moment all I can hear is that the Deputy Leader is loading up on property.
I see Labour is trying to ‘wrest the migrant debate from Reform’ by (checks notes) agreeing with all Reform’s debating points. Genius. Absolute genius.
No matter….😀
Recently posted something that I poorly explained and was contradictory. More posting a feeling than a well considered response. No mattet
Ok, half wrong. I’ve done the same. Genuinely I have.
Yes it would, but you poison your opponents…….
Sure - Putin poisoned Trump to get rid of him🤦♂️
@jenntt44.bsky.social zero posts? Bot
Now look at your chart, do some rough calculations …..,
I guess they’re not behaving as he wants them too. That’s why he’s not taking responses anymore - that’s the Bluesky we want👏👏👏
The market knows best?
Worth noting …….the stock is up 58% over 12 M
Let’s hope so. You need shit for brains to be anti NATO as Putin progresses his war with Trump’s support.
At last someone’s realised
The Illinois governor has issued a grave warning that Trump’s push to send troops into blue cities isn’t about crime—but seizing control of the 2026 midterms.
I’m muting this thread because I don’t like the response 🤷♂️
Few wanted Brexit before that debate started either. Perhaps one day some politician will suggest lower house prices. Nah…
Have a great Monday.
Lucid, convincing case for a tax on high-value property, from the UK's most eminent housing economist, John Muellbauer. Would raise revenue *and* be good for growth. ://www.ft.com/content/bb4e7566-4bc6-45c9-87e4-271cc40c66a5
Yawn
How do we persuade Reform voters to vote Labour? You don’t - you offer a powerful alternative to gather the other side. The FT doesn’t seem to understand that centrist politics is over. It’s us vs them
The solutions suggested are wrong imho. One needs to pivot and fight inequality head on with tax rises on property, a promise for a second referendum on Brexit and a repudiation of the lies. The FT seems to think that by running after Farage you can beat him.
Not sure the pro Brexit side is in the minority? It was 52/48 Look at polling Look at net migration Look at the £40bn You may not be sure but you have scant reason to deny the polls that say people have turned against Brexit.
It’s irrelevant - my point was that was the prevailing wisdom (and I think it’s correct) but it’s no longer true. A Brexit rerun would destroy Farage
Yes but it needs to be put in context. He’s not exactly demonstrating the actions he’d take as a PM.
Give me a break. He has no responsibility and nothing to lose. The PM is trying to hold up support for Ukraine.
Yes but he can afford to in a way the PM can’t #slavaukraini
Frankly whatever the polls said it should make no difference. You either have values or you don’t. The repudiation of this suggestion should have been in the blink of an eye.
Sweet and sour👍
Ok but you’re not having to play games with Trump to protect Ukraine.
The LibDems get it. Taliban Tax. Perfect.
Radical? How about Rejoining the EU and taking these destructive nutters on toe to toe.
Electorally Labour and the Lib Dems are much closer and willing and able to work together. Tories and Reform could never achieve that. The politics of Reform are too extreme for the majority. This is why a single issue GE works for the left. Re-litigation of Brexit is the way to win next time.
In the last GE re-litigating Brexit made no sense as the Tories could build a winning cohort of still convinced Brexit supporters. With the right split between Reform and Tory, and importantly the pro Brexit vote now the minority, Labour (and Lib Dem) could win next time on a Rejoin agenda.
I’m finding it funny. They’re going to have to go some to beat that love in next time. Slightly disappointed that nobody thought of calling him the son of God.
Thank-you, Stella. You are speaking for the Labour party, even if the government won’t.
On Farage Sky News Sam Coates says Labour is ‘likely to challenge the impracticality of the plan’ How about challenging it on the inhumanity of the plan?
Dear Labour government. Please grow some balls. The collective racist madness is not representative of most of the electorate. Please start calling it out.
The Labour response to Farage policy of leaving the Refugee & Humam Rights Convention should not be “he won’t deliver”. It should be “this is not morally right” (not “British values” even). Voters want to see authentic consistent leadership. Not debate the workability of cruelty.
Well done Calum Miller
‘I get it’. ‘My dad was a toolmaker’. ‘Smash the gangs’. Sir Keir does need to read the room, preferably before others read the room to him.
I don’t think he does recognise the strength of feeling
Starmer isn’t going to criticise Farage’s rhetoric and claims Britain is facing an ‘invasion’ by migrants, The Times reports. “We recognise the strength of feeling,” his spokesman says.
Prepared for the fact someone in No 10 is having a bad day (maybe I'm being generous) but if *they* can't even rule out paying the Taliban *The Taliban* to take back migrants that'll be my membership in the bin. What's the f***ing point?
🫡
Elections used to be won from the center but the center no longer exists.
Yes that net migration number hits the per capita data. The dynamics of the housing sector have been clear before this Brexit mess muddied the waters. It’s the quantity of money that has driven house prices not really lack of supply (despite recent unsustainable net migration numbers).
Enough - it’s been fun Time for bed PS BTL / banks have increased the quality of money chasing an inflexible supply of housing creating the Ponzi bubble we see. It’s deflating👏 Get out of your HF bubble and meet some real people you might learn something Sleep well.
Can we get back to inequality?
You’re not an investor unless you’re a big investor. 🤷♂️ Actually there are rent controls in Germany that changes the picture somewhat
That’s talking about BiG investors!
This is still an embarrassment Essentially no houses are owned by investors….🤔
Stick to falling inequality - you’re on firmer ground there
👍
Essentially no houses are owned by investors….🤔
It’s near highs and it’s been declining. That’s what near means.
That’s a fair point. Better than suggesting that the floor space per capita is not near all time highs. Time to tax property more to encourage more efficient use of that floor space
The data is from 95 - it’s been going up. It’s near highs. My point is that it’s not so much a lack of supply of housing but the growth in demand. That demand is in units of……
I’m not sure what your point is other than showing that the available space per capita is near highs.
It can’t possibly be driven “all by owner occupiers” as part of the demand comes from investors. De facto you are wrong. How wrong is hard to prove but wrong definitely!
Have you looked at the floor space per capita evolution in the UK and London?
I like the way you replied to that one. Poor old compliance.
@ironeconomist.bsky.social I’ve been rather aggressive - apologies. I disagree with most of what you claim. Data data (selective) data. Inequality is the problem that is destroying the social fabric that that we all rely on. I know the world of finance and the world wealthy inhabit. I was part of it
Tell me you’re not compliance
Anyway you’re some sort of expert on PR promoting the idea that is the poor overtaxed hedge fund managers that we should be mindful of. As you said LMAO
You’re the accountant?
Hedging and option strategy
Compliance and ESG
Tax advisor to the Partners?
Deputy head of stock loan
Head of global strategy
You’re in settlements aren’t you!
Nope that is wrong. The UK, like other countries, needs to build more but the problem is “all driven by” property investors.
“Wealth is not poorly recorded, I’ve got the records to prove it”. How could billionaire tax layers possibly get ahead of democratically elected MPs?
I’m encouraged by the recent announcements but it doesn’t change the fact that property “investors” have cornered the property market and ate screwing the next generation. Inequality, what inequality?
Yep, games up. Didn’t they do well. (Credit : Bruce Forsyth)
The well off sat on their assets that grew in value as the BOE devalued £ post the GFC
It’s cross sectional, this low inequality. Let’s ignore wealth. PS it doesn’t matter as long as we have lots of inequality in other countries
Wealth isn’t taxed enough. As for upper middle income tax that’s a rather niche (safe) claim.
Nonsense (again) - property investors are in it for the capital gains (unrealised and leveraged to extract income) but it may be true that the game is up.
Well that’s an LMAO back to you then
You can be a sub advisor to a fund. I thought you said you worked in the business?
It’s bollocks as most wealth is poorly recorded
Settlements? Compliance?
Which hedge fund.
Lots of good words here. So… inequality…….
So back to the main claim - “inequality is falling because…..,”
Buddy I ran a hedge fund and I know the nature of the clients. They don’t avoid tax. They simply remain offshore.
So back to falling inequality……
Ridiculously naive
That sounds like an impossible situation for a tax lawyer to overcome.
It could but perhaps they work to avoid that tax - they’ve paid the costs of setting up the offshore entity in the first place and the numbers involved make it worth it. Now - inequality has fallen “discuss”
If you don’t know what that means - it means that gains are not taxed until the money is moved to the UK