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

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

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

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

Using Local Currency for Reform – Radical or Reckless?

It seems clear that Manchester is not going to be reimbursed by central government for the full cost of the Manchester arena terrorism attack by central government presumably because central government ‘does not have enough money’ – although it prints it. Perhaps a local currency could provide a little help. Local currencies seem to be… Read more