Garrett O'Sullivan

@davidmcw interesting idea from your latest podcast about state innovation loan guarantees but need to make the money is effectively used and not just seen as a gift to the entrepeneur to spend on themslves

@RestPoliticsUS @KattyKay_ @Scaramucci Will the US 'administration' pay the market price for all crude oil it takes out of Venezuela or will only US oil companies profit from this

EMERGENCY LIVESTREAM! Join us in 10 MINUTES as we discuss the incredible capture of the President of Venezuela, Nicolás Maduro. Why has Trump done this now? Are they really going to try him in a US court? And what comes next... Join @KattyKay_ and @Scaramucci as they discuss last night's dramatic developments.

@BwLeighton @CNviolations How did they manage in ww2.

@CNviolations And I thought I was the NPC

Why don't they bring it back?

@_BoldPolitics @ZackPolanski @RichardJMurphy The real issue is what stuff people are buying with their earnings now, Too much money is being spent on whims and stuff that doesn’t last. In the 70s there was much less stuff to spend our money on and more of the economy was about looking after people.

Richard Murphy definitely bringing the receipts this week...

@ProfSteveKeen Larger capital gains tax on second home sales. Build more housing units than the demand so that prices stay low. Govt to offer lower mortgage rates to first time buyers.

The banks will hate me for this, but someone has to expose the trap they are setting— youtu.be/Sb1yUutwy5c?si…

My father was a bank manager from the 1950s to 1980s. Back then, it required 30% deposits to get started on something you could call a home, which made it hard to get started, but house prices were so low that an average earner could easily buy a suburban home and raise a family. → 1981: Average first-time buyer was 29 years old. (Yes, when you got started with a family) → 2025: Average first-time buyer is 38 years old. (If you are lucky enough) Today, two working millennials can barely scrape together a 5% deposit for the same house that cost 40% less earlier. We deregulated finance, dropped deposit requirements from 30% to 5%, and let banks flood markets with mortgage money. 𝐇𝐨𝐮𝐬𝐞 𝐩𝐫𝐢𝐜𝐞𝐬 𝐞𝐱𝐩𝐥𝐨𝐝𝐞𝐝 2.5x 𝐛𝐞𝐲𝐨𝐧𝐝 𝐢𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧. → Your dad's track had strict rules but fair prices. → Your track has loose rules but impossible prices. The game was redesigned while you were learning to walk. See how banks engineered this generational wealth transfer and learn the real economics they never taught you. #GenerationalTheft #HousingScam #BankingSystem #finance

@ProfSteveKeen @RetreatF0rward Why doesnt the government just pay cash for what it wants to fund and thrn no need for tax

@RetreatF0rward Except it's the private banks that do that, rather than the government. Of course, governments (like Australia's in particular!) "grease" the private mortgage market by encouraging young people to enter the market with "First Home Buyer Schemes" that boost mortgage debt.

Does mortgage debt acceleration drive house price changes more than supply/demand? #housing #realestate

@RokkeNFT @0xAbhiP Ireland has benefited from this by creating a large overpaid IT workforce, but also created a very unequal society and a housing crisis where many Irish workers cannot afford to buy homes now.

@0xAbhiP hmm smart or criminal? 🤔 but sounds like Apple is a big contributor to the GDP of Ireland 😂

Apple made $100 billion in profits in a single year. They paid almost nothing in U.S. taxes. All thanks to a tiny Irish office with 4 employees. Congress called it the “Holy Grail of tax avoidance.” Here’s how Apple used a loophole to dodge billions in taxes (legally): 🧵

@JoelKeysNI reform will have to be enforced by both governments to have any changes to it.

Reforming the GFA is simply necessary. If not now, at some point in the future. It was never meant to be a 'final solution' on its own. Yet here we are, 27 years on, still being held back by it's provisions.

@sfliberty What people value in terms of spending can be manipulated by advertising leading to money been wasted on stuff that really is bad for you. The real problem with a market economy where the society is subsumed by selfish greed of the individual

@ProfSteveKeen Critical infrastructure I.e healthcare, telecommunications water, housing and transport should be centrally controlled by the government but employ private capital in a if you build a robust well operating system you get money otherwise you get nothing approach.

7/ Some assets should NEVER be privatized: water, power grids, and telecommunications infrastructure. They require long-term thinking, not quarterly profit maximization.

1/ I've documented how 30+ years of privatization promises have turned into economic disasters. The evidence is overwhelming that "competition fixes everything" is a dangerous myth.

@little_football @sundaysport @RTERadio1 @PitchPublishing Did you appear must get it on player

@JeremyClarkson Are we really paying enough for our food given how hard it is to produce especially if we want homegrown rather than imported food.

It looks like this year’s harvest will be catastrophic. That should be a worry for anyone who eats food. If a disaster on this scale had befallen any other industry, there would be a lot of wailing and gnashing of teeth.

@oharamal @ElishaNiDubhda To replace people travelling by cars with people either not travelling or in mass public transport will require capital investment as well aslegal and government focus that has not been seen since ww2.

@ElishaNiDubhda I'm very clear on my 10yr plus opposition to this polluting, human rights disrespecting, nature destroying new dual carriageway.

7 times. This really calls into question the decision making at executive level and the scrutiny ability of elected members. Why were they not asking questions about the PAC ruling? Because they are all gung-ho for ROADS?

@Feargal_Sharkey Why not from central government spend and not charging the consumer the total cost. Same with the renewable grid for ekectricity.

"£104bn of water industry investment will come from bill payers, environment secretary concedes." And there we finally have it, there is no "£104 billion of private sector investment". Question is how long has the SoS known this and why has he kept repeating that myth? Well done @SamCoatesSky for getting to the truth. news.sky.com/story/104bn-of…

@malcolm_reavell @thisweb But who would they sell too. We need to have the state control the land of the country not individuals

@GarrettSullivan @thisweb There are other ways. Eg: impose land value tax. They'd sell to prevent tax losses.

Sadly clueless. Govt create ££, not taxpayers. Taxing the rich makes no difference to govt ability to carry out socially beneficial policies, not taxing them provides an excuse not to. They said Blair was Thatcher’s greatest achievement, but I think she’d be proud of Gary.

@thisweb @malcolm_reavell easy pay the large landowners double the value of their land in a compulsory purchase by the state.

@malcolm_reavell OK, but the problem here is also one of occupied assets and resources. If there's no land to build on or cultivate (possessed by rich) where is the welfare being built? Forced repossession by the state as first move rather than last resort wont be popular.

@NewtonEmerson @BrendanKenny80 a state that prints its own currency should have the best infrastructure as money should never be the issue. Designing and implementing the best water/energy/transport/health systems should be the govt only goal.

@BrendanKenny80 We've no domestic bills here - I believe NI and ROI are the only two places in the developed world without some form of domestic water charging.

See also Northern Ireland, where the half of the population who are comfortably off still can't be asked for £2 a week to fix the water system.

@TheEssentialEc1 @SaulStaniforth Pass a law that wounds up the water companies and returns all the assets to state with no compensation.

@SaulStaniforth No one should be rewarded for failure. B t w. Unlimited debt free funding for nationalisation. How? CISL Fiscal collaboration. cisl.cam.ac.uk/resources/cisl…. Potent balance sheet economics. Tangible Assets. Capital created, plus dividend for creators. Watch what happens? Money.

Reed says water nationalisation would cost £100bn & this'd take money away from the NHS That cost is based on a report funded by the private water industry & anyway, it wouldn't cost anything if we fine the water companies into bankruptcy for what they've done & take them over

@SaulStaniforth Assets of the water system should all be state owned only the people and operation of the system should be run by private companies with very tight environmental and cost constraints.

@thameswater We also need much greater use of grey water in all buildings with roofs. Drinking quality water should only be made at the building level from grey water. Central water supply should only be of rainwater quality not potable.

@GarrettSullivan Hi Garrett, rainwater drainage helps prevent damage, especially in built-up areas with little green space. Separating it from foul water lowers pollution risk, and we're making improvements to our system to protect rivers: thameswater.co.uk/about-us/perfo… – Isabelle

Thames Water boss says 'too much rain' to blame for major rise in sewage dumping. That wouldn't be the fat cat CEO of @thameswater trying to misled parliament again would it? Surely not! And there was I thinking that the law demands WCs to build, operate and maintain sewage systems capable of "effectually dealing, by means of sewage disposal works or otherwise, with the contents of those sewers". Section 94 of the Water Industry Act 1991 if you're interested. dailymail.co.uk/news/article-1…