I’m so young and you’re so old; this my darling I’ve been told

When I was 15, I was a deeply unattractive specimen. I featured most of my current drawbacks - the arrogance, the lack of height, the fact that without serious gym work, my body tends towards the Tony Hancock look more than the Daniel Craig look - but without the positives that have come with age, … Continue reading I’m so young and you’re so old; this my darling I’ve been told

Not from me, on Qantas and Rolls-Royce

From an occasional correspondent who knows about this sort of thing: RR engines do not like oil in the wrong places because it may stop the air-cooled turbine blades being cooled All RR "B" checks are supposed to include a look for oil in the wrong places Qantas seem less good at finding it than … Continue reading Not from me, on Qantas and Rolls-Royce

It’s a Jolly Fun Bank Quiz

It being Sunday, or Monday, or one of those kind of days, and this being a Journal of Record [*], I thought I'd put out the kind of quiz that only my readers could answer. What do the following UK-headquartered banks: * HSBC * Lloyds Banking Group * Standard Chartered * RBS ...have in common … Continue reading It’s a Jolly Fun Bank Quiz

More fun with marginal tax rates

Here's Felix Salmon Justin Fox standing in for Felix Salmon, on the economic impact of the socialist Truman government's evil confiscatory tax policies: During the Korean War, Congress enacted an excess profits tax meant to keep military contractors from, well, profiteering. In its infinite wisdom, Congress defined excess profits as anything above what a company … Continue reading More fun with marginal tax rates

No, it’s not your bleedin’ money

Money and property rights are both creations of the state. If the state were abolished, neither would exist. The 'money' point is obvious, but the same applies to property: the fact that you happened to own a nice house would be irrelevant, because someone bigger than you would come along and tell you to get … Continue reading No, it’s not your bleedin’ money

Data point on taxation and labour mobility

From Financial News: Not a single trading team from Tullett Prebon, the London-based broker which told employees they cold move abroad for tax reasons in one of the clearest signals of an exodus from London has moved, almost a year after the offer was made. It is the second development in a week that suggests … Continue reading Data point on taxation and labour mobility

Just, worth putting out here

Since I've already tweeted that it annoys me, as a left-wing kind of person, that some people in the 1980s hated Mrs Thatcher so much that they opposed the most reasonable and fair war that the UK has ever fought, I thought I'd make clear on my blog that anyone who opposes it is pretty … Continue reading Just, worth putting out here