I don’t find this surprising at all. If people maximise it is their overall well-being that they seek to enhance. If he’d actually paid attention to his economics courses at Southampton all those years ago he would have known this. People maximise utility, not income, leisure, work, sleep, sex or any other one thing. All of that blackboard
submitted by
TimWorstall on 9th Mar 2010 (via timworstall.com)
The Labour Party paid a convicted US paedophile to work on its last general election campaign, the BBC learns.
submitted by
BBCPolitics on 14th Jan 2009 (via news.bbc.co.uk)
Everyone has an opinion about sex work. Straight off - is it work? Why not say “prostitution”? A few days ago I wrote about how preserving an ideology should be secondary to the safety of sex workers; comments were overtaken swiftly by a discussion on whether or not sex work could be properly defined as
submitted by
ShirazSocialist on 30th Dec 2008 (via shirazsocialist.wordpress.com)
How the income tax system has become markedly more regressive over the years. I’m pretty sure that it has you know. Time was when only the rich paid income tax. Then the middle….now people working part time on minimum wage. For the personal allowance is only ever raised in line with retail inflation (and sometimes is not raised
submitted by
TimWorstall on 13th Mar 2010 (via timworstall.com)
Meanwhile, in Labour’s decade, billionaires’ wealth quadrupled and three out of five of them paid no income tax. Well, leave aside the fact that income tax is paid upon income and not increases in wealth, I still don’t believe that figure. Whatever you say about the ways in which you can dodge taxes, it really isn’t that
submitted by
TimWorstall on 9th May 2009 (via timworstall.com)
George Osborne says that a 45p top rate of income tax is now “difficult to avoid”. Not for him, of course. He has never paid income tax in his life. Or National Insurance, since you have to have had a job to have paid National Insurance. Oh well, the Tories, and the Tories alone, going into a General Election calling for higher income tax. How times change…?
submitted by
DavidLindsay on 21st Mar 2009 (via davidaslindsay.blogspot.com)
HM Revenue and Customs - Percentage of earnings paid in income tax and Income tax receipts analysis by type
submitted by
UKStatistics on 30th Sep 2008 (via hmrc.gov.uk)
Matthew Parris was in bracing form today: "This recession is not a failure of market economics. It is a reassertion of market economics after a decade in which we paid ourselves more than we were producing, and funded it precariously...
submitted by
CentreRight on 25th Jan 2009 (via conservativehome.blogs.com)
A delightful little typo: Gross income pain in all taxes (%) That’s their heading for “gross income paid in all taxes” as a percentage of household income by decile.
submitted by
TimWorstall on 24th Nov 2009 (via timworstall.com)
A sex offender was subsequently paid £2,560 by the Labour party for helping its 2005 general election campaign, it has been reported.
submitted by
PoliticsCoUk on 14th Jan 2009 (via politics.co.uk)