Franz Martin

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Incentives matter. Gary admitted on Pier’s Morgan that he made around £2m as a trader. This may seem like a lot of money, but it’s not retirement money on the lifestyle he will maintain. Gary needs to sell books and awareness. He’s spotted a vulnerability with a particular group so he sells emotional based economics. It isn’t actually economics, it’s whinging and victim culture. His answers come down to socialism, but socialism harms the people he claims to want to help. Gary is wrong. Don’t be a Gary.

A minimum wage of £15 would end my coffee shop, it would have to close, as would many other businesses. I’ll explain for the economically illiterate. Staff costs are currently half our costs, a £15 minimum wage is actually more than £15 an hour for the company, because you have to add: - 12.07% holiday - Sick pay - Maternity pay if and when required - National insurance - Pension contributions These costs would mean the shop loses money because remember, energy costs are up, rates are up, regulations are up. Now you can pass these costs onto the consumer - that would mean charging a lot more for coffee, people won’t pay it. The likes of Starbucks and Costa can, because they have economies of scale. The independent doesn’t. Now the little socialist will say well this is your fault, if you can’t run a business that can afford to pay its staff properly, but the little socialist has never run a business and does not understand the dynamics. Now I could pay some staff off and fill those hours myself or reduce us to one staff member during certain periods - but this proves the point that a minimum wage costs jobs. There was a time when these jobs were done by kids, perhaps on the weekend, paid a lower wage, no holiday and no silly employment rights. Perhaps they were even paid cash. The dynamic worked and small businesses like this could operate. It was also a great first job. Sadly now it isn’t worth employing entitlement youngsters at this level of pay. So alas, I don’t need the stress, the business would close, a number of jobs would be lost. Economics is about understanding these dynamics, no vibes. The cost of living is not solved through passing on inflation to the business, it is solved by ending high inflation and creating prosperity. This is what socialists don’t understand, they can’t create prosperity, they can only destroy it.

Here is another stupid take by a silly little socialist. They are two separate businesses. I don't take a wage from the coffee shop despite owning and operating it at the senior level. There is no money left to pay me. I do it out of love. The costs of the podcast are paid out of the profits of the podcast, which is a good little business. But the interesting point here is that he thinks all the profit being generated by the workers should go to them. But the silly little socialists can't fathom the following: 1. I took the risk to open the coffee shop - the £120k refurb, the 10 year lease, the business plan and the risk. My reward for the risk if the profits if it works, which I can share with the staff if I choose. 2. But even if we take the silly little socialist mildly seriously (we shouldn't, he's a dumb dumb), if the business fails and is losing money, should we blame the workers and should it be deducted from their salary? This is why these silly little revolutionaries should not be taken seriously. Firstly they don't understand economics, second they are fundamentally stupid, third their model is based on envy, fourth they have no answer to the coordination problem. I could go on, probably not worth it as you can't reason with silly little socialists.

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I had a debate with a Kaspa investor about 9 months ago He had sold 95% of his BTC stack for Kaspa At the time, 1 KAS was worth 100 Satoshis (0.00000100 BTC) Today, 1 KAS is worth 42 Satoshis (0.00000042 BTC) - a 58% loss Soon, 1 KAS will be worth 10 Satoshis (0.00000010 BTC)