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Tom James
140.7K posts
Tom James
@TACJ
The details of my life are quite inconsequential.
Sat on a throne of alabaster. Katılım Haziran 2007
2.5K Takip Edilen1.5K Takipçiler
@fitzr1189 Oh absolutely, including the actual costs of ionising radiation release.
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@avispartan1 This is pure Ricardian rent! Land (or rental units in a specific location) are monopolies and so price is a function of demand (ie the incomes of the people who can afford to live there).
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Liberal economics tells us this isn't possible because the landlords will compete with each other to lower prices, in reality landlords aren't stupid enough to start self-ruinous price wars and instinctively understand that the tenants are the enemy!
Gemma@windupgemma
My last rent increase was because the landlord noticed that the market rate for the area had gone up Not because his costs went up, but because other landlords were charging more in my area and my landlord felt left out and thought I should pay him more for the same thing
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Tom James retweetledi
It's a book on constitutional reform for people who like Burke and Scruton, but recognise that something is broken and needs to change. It's a book on England for people who are disappointed with what England has become, but love what England could yet be.
manchesteruniversitypress.co.uk/9781526190024/
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Tom James retweetledi
In future decades economists will write about an "upper income trap," wherein most wealthy economies stop growing due to bureaucratic dysfunction, service sector cost disease, social unrest from a highly educated populace, rent seeking, and anti-industrial sentiment.
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Tom James retweetledi
Reform UK wants to abolish income tax on overtime.
It sounds like a tax cut for hard work. Actually a tax cut for the word “overtime”.
So little GDP impact & huge cost - we reckon £14bn not Reform's £5bn
If you want to spent £5bn on tax cuts, we have ten better ways:
🧵
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Tom James retweetledi
The challenge for the UK is to devise a growth model that channels existing resources into future value creation. Success here depends on ending the dominance of "London" over the rest of the country: ie the City-Treasury-BoE nexus, plus Westminster, Oxbridge and the BBC.
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Tom James retweetledi
Just learned about the concept of a “telescope ranch” in Texas.
People pay to have their $10,000+ telescope rigs set up in the middle of TX to avoid light pollution.
Every night the roof rolls back off the warehouses.
Then you can remote in to your telescope and use it from anywhere in the world.
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Tom James retweetledi
Wolf makes the under-appreciated & important point (drawing on Josh Martin's work) that the productivity slowdown began *before* the global financial crisis
The GFC should be seen as a consequence of productivity growth stalling, not as a cause
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Ex-WHSmith high street chain ‘almost completely broken’, says new boss via @FT
ft.com/content/701ecc…
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Tom James retweetledi
So many of Britain's problems in a nutshell:
>1952 council block falling apart, sewage leaking into flats, loose cladding, dangerous wiring
>£48m bill to completely overhaul it and ensure it's habitable, so cheaper to demolish and rebuild
>council evacuates most social tenants and tries to buy up a majority of flats to be able to demolish
BUT
>resistant residents, backed by Living Rent activists, don't want to sell because asking price too low, and say council should never have let it get so bad
>they submit the building to Historic Environment Scotland to be listed
>HES unexpectedly say they're likely to list, which would make repairs even more expensive, and demolition potentially impossible
>council stops buying the remaining flats while they wait for a decision, in case they just have to sell what they can or write it off
>now residents will potentially be unable to sell at all
scotsman.com/news/edinburgh…
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Tom James retweetledi
The way we tax land and property is highly dysfunctional. Our proposals:
🏠 Replace council tax with a progressive property tax
🏭 Replace NDR with a land value tax (and widen tax base)
🤝Abolish stamp duty / LBTT
Financial Times@FT
Andy Burnham says land in the UK is ‘undertaxed’ ft.trib.al/64bULpI
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Tom James retweetledi
“You fell for one of the classic blunders! ALWAYS fund Hungarian superweapon projects!”
Champions of the Ice@ChampionsOTIce
Crazy that Constantinople fell almost entirely because the Emperor didn't want to pay for a Hungarian's autism project (building a 19 ton cannon with a 30" bore inspired by much smaller models introduced by the Mongols) so the autist in question asked the Ottomans if they would like to fund his superweapon instead. Being tired of repeatedly losing, they said yes and threw money at him to make the damn thing, which destroyed the previously unassailable walls of the city using 1200lb cannon balls with a range of up to a mile. Dude wasn't concerned with politics, religion, or the civilizational consequences of his actions. He just really wanted to make an enormous cannon, and by god did he succeed.
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