Pension money

A recent article on pensions led me to recall the recent blog welcoming everyone to the Money Factory. This pension article and the OECD graph below suggests that the UK does not do well on pensions.   I suspect that things like the NHS and the winter fuel payment, or council tax and pension credit… Read more

Welcome to the money factory

After rather an animated discussion last evening I was reflecting on why , even when the Bank of England acknowledges that we don’t spend and tax (“Regarding whether taxation is necessarily required to finance government spending, the answer is no, it is not”), it is not enough for some. Of course there is the £435billion… Read more

The Swiss Magic Money Tree

The Swiss hold regular referendums on lots of unlikely subjects as we know. Well there is one coming up in June on money. They are voting on a so-called Sovereign Money system where it will be put to them that all new money in the state be created by the Central Bank. This is basically… Read more

Democratic Brexit – or not

Bill Mitchell and Thomas Fazi have written what seems to me a rather odd article where they run through the history of the changes in the EU ending with its conversion to neoliberalsm. They finish: To conclude, any belief that the EU can be ‘democratised’ and reformed in a progressive direction is a pious illusion…. Read more

The REAL argument for Universal Basic Services

As a postscript to the previous piece on Universal Basic Income, (together with the interesting comment from Charles Adams on the same page) an American article makes a coherent case against a full Universal Basic Income: Our current economic crisis goes beyond the problem of income inequality. While inequality garners the most attention, it’s a… Read more

Five reasons why universal basic income is a bad idea – but only one is right

The FT has today, 11 February, an ‘opinion’ article by Ian Goldin, Professor of Globalisation and Development at the University of Oxford, giving five reasons why UBI is such a bad idea, which is a useful addition to the discussions we have had here on Progressive Pulse a while ago and on TaxResearch UK in the last… Read more

Jubilee Shares

The Guardian has a current headline: “Stock market turmoil: All eyes on the Dow after $4tn wiped off global shares.” A shame, probably for our private pension, if we have one. Yet nobody has actually lost $4tn though one or two might have lost something if they needed to sell in a declining market. It… Read more

Funny money

There was a very listenable recent Radio 4 comedy programme ‘Simon Evans goes to Market on -Philanthropy’ where one of the contributors, Tim Harford, broadcast the damning quote by the future President Roosevelt on Rockefeller’s desire to create a charitable foundation. “No amount of charity in spending such fortunes can compensate in any way for… Read more