@jon_bayle

69 posts

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@jon_bayle

@jon_bayle

@jon_bayle

Founder & CEO - @LifeandProvide (Founder @Deposify - exit to @sayrhino)

Katılım Ocak 2022
80 Takip Edilen50 Takipçiler
@jon_bayle
@jon_bayle@jon_bayle·
@karldeeter And Aontu are Left economically and will support a SF led Left coalition next time - which will mean more taxes for working families presented as wealth / asset taxes
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@jon_bayle
@jon_bayle@jon_bayle·
@albertdolan_ Albert, you’re the future of FF & doing brilliant work here - keep going 💪👏
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Albert Dolan TD
Albert Dolan TD@albertdolan_·
@jon_bayle Fragmentation is a major part of the problem. One thing I found doing this work is that a lot of this information already exists: purchase orders, spending reports, contract information. But it sits across different PDFs, portals and systems that often don’t connect, and in many cases wasn’t being published until I started engaging on this issue. Rules around publishing this information have existed since 2011/2012, with further requirements added over time, particularly around machine-readable formats. But in practice, reporting was inconsistent across many organisations for well over a decade. The positive point is that once many bodies were reminded of their obligations and engaged with, reporting improved significantly. For example, organisations like the Children’s Hospital, TII and the Arts Council were not publishing purchase order data. Many organisations also were not producing machine-readable data consistently. Most of that information is now available in CSV and Excel formats for people to review. Part of the legislation I’m bringing forward is aimed at structured reporting into a connected ledger model so spending, contracts and delivery can be traced clearly through an audit chain. When I started this work there were fewer than 60 entities in the database I was building. We’re now past 200. If you scroll through my page you can see the work being done on the tracker, parliamentary questions and work behind it. I’ve also written more about the approach on my Substack. Substack: open.substack.com/pub/albertdola… Tracker (€100bn+ worth of data): datastudio.google.com/s/nwDii_aTpj8
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@jon_bayle
@jon_bayle@jon_bayle·
This is actually true on the ground - if you’re raising from angels you’re competing with other less risky asset classes. I know an investor who’s put millions to work in startup bets over +10 years and hasn’t had a power law winner and underwater across his portfolio. You could say he’s a bad picker, but the chances of returning a decent compounding return of say 5% - like an investment property or ETF - are massively against you. Here’s how the power law maths work across a portfolio assuming 1m over 10 years - 20 x 50k bets :
@jon_bayle tweet media
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@jon_bayle
@jon_bayle@jon_bayle·
@SineadOS1 Have been really enjoying your takes on Irish issues lately. It’s refreshing to hear consistently insightful commentary.
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@jon_bayle
@jon_bayle@jon_bayle·
I used to vote & donate to the Party - no more under this leadership. These promises ring hollow - successive budgets and Ministerial inaction have made clear that the Party talks about helping working families but simply taxes them more. Name the Top 3 policies implemented by Government in recent years that has benefited homegrown businesses & starter job creation for the young people of Ireland - please share data supporting any purported benefits ?
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Fine Gael
Fine Gael@FineGael·
Fine Gael's priority in the next Budget is the people who work hard and do the right thing. They should have the opportunity to get ahead, not just get by.
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@jon_bayle
@jon_bayle@jon_bayle·
“Make no mistake, this is one of the largest sustained transfers of wealth from a general population to a concentrated asset-holding class anywhere in the developed world. And if you’re not angry about this, then you should be!”
Sinéad O’Sullivan@SineadOS1

My follow up essay: Ireland's Failure Premium. To answer the question a lot of people have asked me: So where the hell does all of our money go, if it's not into creating infrastructure and a high living standard?! [The short answer is: someone's pockets. Just not yours...]

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@jon_bayle
@jon_bayle@jon_bayle·
Such a brilliant thread - the same can be said for Ireland and its support of homegrown talent & startups : “There are two ways to reduce inequalities. Leveling up, and leveling down. These are two opposing philosophies, and the choice between them determines a country's trajectory…” Bravo @brivael 👏
Brivael Le Pogam@brivael

C'est exactement la phrase qui résume tout le débat. Et elle mérite d'être développée parce qu'elle pose le bon cadre, celui que la France a oublié depuis 40 ans. Il y a deux façons de réduire les inégalités. Le nivellement par le haut, et le nivellement par le bas. Ce sont deux philosophies opposées, et le choix entre les deux détermine la trajectoire d'un pays sur un siècle. Le nivellement par le haut, c'est tirer les pauvres vers le haut. On accepte que des gens deviennent très riches, parce que leur richesse est créée, pas extraite. Et en créant cette richesse, ils créent des emplois, des produits, des infrastructures, des innovations qui élèvent le niveau de vie de tout le monde. Le pauvre d'aujourd'hui vit mieux que le bourgeois de 1900. Il a un smartphone, l'eau courante, l'électricité, l'accès aux soins, l'espérance de vie de 82 ans. Tout ça a été produit par des entrepreneurs qui sont devenus riches en le produisant. Le nivellement par le bas, c'est l'inverse. On refuse que des gens deviennent très riches, par principe moral. Donc on taxe, on régule, on confisque. Le résultat n'est jamais que les pauvres deviennent riches. Le résultat est toujours que les riches partent ou ne se créent pas, et les pauvres restent pauvres. Mais l'écart se réduit, donc politiquement on peut dire qu'on a "réduit les inégalités". L'égalité dans la médiocrité partagée. Le test empirique est imparable. Les États-Unis ont produit Bezos, Musk, Zuckerberg, Gates. Ils ont aussi un SMIC effectif, une fois converti en pouvoir d'achat, supérieur au nôtre. Le pauvre américain a une voiture, un grand frigo, et accès à des biens qu'un cadre français ne peut plus se payer. La Suisse, qui a refusé de taxer ses riches, a un salaire médian deux fois supérieur au nôtre. La France, qui a méthodiquement chassé ses riches depuis Mitterrand, a vu son pouvoir d'achat médian stagner pendant que celui de l'Allemagne, de la Suisse et des US explosait. C'est ça le drame français. On ne s'est pas appauvri en chassant les riches. On a appauvri les pauvres en chassant les riches. Parce que les riches ne sont pas des oisifs assis sur un tas d'or. Ce sont des gens qui dirigent des entreprises, créent des emplois, paient des salaires, lèvent des capitaux, prennent des risques. Quand ils partent ou ne se créent pas, ce sont les emplois, les salaires et les capitaux qui partent avec eux. Il faut vraiment intégrer ça : la richesse n'est pas un gâteau fixe qu'on se partage. C'est un gâteau qui grossit ou qui rétrécit selon les règles du jeu qu'on impose. En France on a passé 40 ans à punir ceux qui font grossir le gâteau, en se disant que ça ferait des plus grosses parts pour les autres. Résultat, le gâteau a rétréci pour tout le monde, sauf pour la classe des fonctionnaires d'État protégés du marché. Et la dernière chose, qui devrait être enseignée à l'école. Pour qu'il y ait des moins pauvres, il faut qu'il y ait des plus riches. Ce n'est pas un slogan, c'est une identité comptable. Si vous voulez que le SMIC monte, il faut que la productivité monte. Si vous voulez que la productivité monte, il faut des entreprises qui investissent. Si vous voulez des entreprises qui investissent, il faut du capital. Si vous voulez du capital, il faut des gens qui ont accumulé des fortunes et qui acceptent de les risquer plutôt que de les planquer. Tous les pays qui ont sorti leurs populations de la misère, sans exception, ont d'abord laissé émerger des riches. Coréens, Taïwanais, Singapouriens, Polonais, Chinois post-1978. Aucun pays n'a jamais enrichi ses pauvres en empêchant l'enrichissement de ses entrepreneurs. Aucun. Zéro. C'est l'expérience la plus massive de l'histoire des sciences sociales, et elle est sans appel. Donc oui, qu'il y ait des gens riches ne devrait poser de problème à personne. Ce qui devrait poser problème, c'est de vivre dans un pays où on n'arrive plus à en produire.

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@jon_bayle
@jon_bayle@jon_bayle·
@eoinneylon As close to Ireland as Dublin is to Belfast - let’s buy some land there, build a second one and connect to the Irish grid
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Eoin Ó Nialláin
Eoin Ó Nialláin@eoinneylon·
Electricity price in Ireland is mainly subject to gas price fluctuations. We badly need to decarbonise the grid. This news is huge in that regard. £2.5bn investment will power, at peak, 3mn homes for 60 years. There are 2.1mn homes in RoI per census 2022. bbc.com/news/articles/…
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gript
gript@griptmedia·
Taoiseach Micheál Martin has shot down the idea of revisiting oil exploration or pursuing nuclear power, despite the country's heavy reliance on imported energy: gript.ie/martin-shoots-…
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@jon_bayle
@jon_bayle@jon_bayle·
This is great lads ! In startup there’s a thing called “building in public” - where you take folks on the journey with you publicly, the good & the bad. Be specific. Name your Top 10 policy objectives / problems to solve - go after your Top 3 in the weeks / months ahead and show us how it all works in the Party & Coalition. Where and how you’re being blocked - what’s the process - full transparency. Folks will get behind you.
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@jon_bayle
@jon_bayle@jon_bayle·
@declanganley @defenceforces This is a failure of Statescraft and wildly disproportionate - sending the army in against your own people, a new low for this Government.
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@jon_bayle
@jon_bayle@jon_bayle·
This is an overreaction by you and reflects poor leadership - dial down the confrontational tone. These are Irish workers & taxpayers afraid and under pressure. They get the benefit of the doubt. Framing them as the villains here is not a vote winner. Lead and go help solve the problems - it’s always a talking solution.
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Simon Harris TD
Simon Harris TD@SimonHarrisTD·
The blocking of the distribution of fuel is a sinister and despicable attack on our economy and our society. This is not a lawless country. The laws of the land must and will be applied without fear.
Simon Harris TD tweet media
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@jon_bayle
@jon_bayle@jon_bayle·
Can anybody name the Minister for Enterprise, Tourism and Employment - can anybody name the top 3 policy initiatives that this and previous Governments have successfully implemented to support Irish SMEs - where are representative organisations like ISME or SFA on any of this ? No plan, no vision - just blunt reactive policy like Vat cuts for hospitality or small % R&D credit increases (do SMEs ever claim these ?). Entrepreneurs relief should be radically reworked to incentivise reinvestment in startups. Are LEOs working - what does success look like for LEOs ? Has any startup used KEEP ? What are the top 10 regulations this Government have or will remove to support SMEs and in what industries ? Who in the Cabinet has ever run a business (being a landlord doesn’t count) ? AI is coming for starter jobs in corporates - how will young workers get a start, what’s the plan ? I know - let’s commission a report and set up a working group of stakeholders and do nothing. Celebrate & support the job creators - not just in words, but action ! Ps - it’s @peterburkefg
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RTÉ News
RTÉ News@rtenews·
A new report says Ireland's economic model is in urgent need of reform to sustain high living standards, adding that it has some of the highest productivity rates in the world but this is being driven by foreign multinationals rte.ie/news/business/…
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@jon_bayle
@jon_bayle@jon_bayle·
An honest response would’ve been acknowledging that the speed & scale of immigration - population increase of ~20% in 10/15 years - is causing very real challenges & demands on housing, public expenditure etc against the wishes, based on polling, of a large majority of the population who want immigration reform quickly - that he would try & sell these challenges as positives tell us all we need to know - it’s only going to get worse under this Government and current leadership. But to be fair - he did well again this year overall. Better him than Harris.
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Fatima Gunning
Fatima Gunning@fatima_gunning·
Population growing “in a very positive way”? Irish people cannot afford homes. The young are going overseas and being replaced by largely third world migrants. I can’t afford a home, none of my friends can either. We’re all educated and hard working. Successive governments have sold us out with a smile. The bulk of our growth is from migration, NOT Irish people having more kids. Get real.
gript@griptmedia

"You better do something about immigration,": After criticising Keir Starmer and other European leaders, US President Donald Trump tells Taoiseach Micheál Martin that Europe won't exist anymore unless the continent gets a handle on mass migration.

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@jon_bayle
@jon_bayle@jon_bayle·
@LPerrins @MichealMartinTD Surely the main job of Government is to make life better not worse for the people - this Government is failing working families
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Laura Perrins BL
Laura Perrins BL@LPerrins·
It would be absolute unconscionable for @MichealMartinTD to press ahead with carbon tax rises in April. Brent crude surged by almost 30% to $119.50 a barrel – the biggest single-day jump in 6 years. Goldman Sachs warned oil prices could hit $150 a barrel. Note during the Ukraine crisis, oil prices peaked at $120.
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Employment Law Ireland
Employment Law Ireland@EmployRightsIE·
CSO data: we are spending more on housing than in 2021, but building fewer homes than in 2021. Residential output is about 10% below the base year, while spending remains above it. More money going in. Fewer homes coming out.
Employment Law Ireland tweet media
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