Thomas

In China, they are testing a vacuum high-speed train that can reach speeds of over 1,000 km/h. This ultra-fast magnetic levitation system in a vacuum tube could reduce the travel time between Shanghai and Hangzhou (distance: 200 km) to just 9 minutes.

Gary doesn't even understand the basics of taxation, like income tax vs inheritance tax or corporate tax vs consumption tax.

A simple message to the silly socialists. You’re upset by businesses telling you that they will fail with the minimum wage increase. You’re telling business owners silly things like if you can’t pay the minimum wage then you don’t have a viable business. I want to make this easier to understand, because if you mean what you say, you want people to have jobs and earn a liveable wage. So listen, businesses fail for all kinds of reasons, mainly because they are unprofitable. We are seeing a wave of business closures at the moment because of the compounding costs from the state against a cost of living crisis. To make a cup of coffee profitable it has to eat a lot costs: - 20% VAT (the inputs can’t be claimed back) - Business rates (a tax before you earn) - Rising NI costs - Employment rights load - Rising energy costs - Inflation All these are imposed by the state. There is also a time tax with all the accounting, HR and regularity requirements which impose cost of consultants and time costs to ensure compliance, distracting owners from operating their businesses. Then there are the other normal costs. A business owner needs to make a profit else the business fails. If the business fails there are less jobs and lower tax receipts. If there are less jobs then public services crumble and welfare requirements increase. This is a compounding problem and what leads to the downward spiral of a country. So… where does the money come from if there are less jobs. The government borrows it, that increase in the money supply drives more inflation, making life more expensive for the people you want to help. Some who now don’t have the job they once had. So what now? What is your plan? I get it, you don’t really have one, this is what has happened to every socialist state, this is how a country goes from rich to poor. We have no divine right to be a wealthy nation and can certainly lose that status. So this is your challenge, can you accept society has a distribution of wealth which means there are rich and poor or would you rather everyone was poorer as long as there are no rich. That’s what socialists tend to want, though I have a secret for you, you can’t get rid of people being rich. I know you think profit is ugly, but the profit motive is what creates business and jobs. So anyway. I’m going to keep promoting proper economics because that’s how a nation becomes prosperous and prosperity leads to a net better outcome for all. This does mean I am going to have to make fun of your stupid socialist ideas. Good luck, read a book and stop being a dumb dumb.