It’s all in the vocabulary

Australia started it in the form of a small tax rebate in 2009, and it seems that South Korea and Russia are next. What is it? So called helicopter money. It is true that in Australia the amount was small and to every tax payer – whereas the Russian and Korean versions are targeted at… Read more

Property – up, up and away

There are some rather old but devastating trends in this ‘Positive Money’ chart (click to enlarge):   Housing stock and population growth are completely divorced from either house prices or mortgage lending. As I suspected before, the housing market is one that is completely dysfunctional. When our nurses cannot even obtain a secure home we… Read more

Everything you ever wanted to know about Bitcoin – and just a little bit more

There is a marvelous article in the ‘Washington Post’ (yes, I know it’s owned by Bezos, the man that owns Amazon, so is not my usual read either) but it provides the best summary of Bitcoin that I’ve yet encountered. I’ve quoted the introduction to whet the appetite: Bitcoin changes prices too quickly to be… Read more

The subterfuge of the tax return

In my recent talk on tax I unsurprisingly mentioned the tax return. Whilst it is not essential to our understanding of what tax is we should at least recognise it as the blatant subterfuge it is: This (tax summary) form was created by George Osborne. It is a shameless example of state produced ideological propaganda… Read more

Let’s try and abolish tax

In early December I gave a talk to the local Positive Money group about tax. Naturally this drew heavily on what I’ve discovered from TaxResearch.uk as well as Richard Murphy’s ‘The Joy of Tax’ and still other details that I have learnt here on Progressive Pulse. It is striking that on the Positive Money website… Read more

Happiness Revolution. A Guest Blog by Peter Dawe.

Come the Revolution! Many have the opinion that the current western Neo-liberal, captured democracies are due to fail. Come the revolution there is a period of chaos and then the first group that organises effectively becomes the de-facto government. Look at revolutions worldwide since Cromwell to see the pattern. The current instabilities of the UK,… Read more