Viewing profile — neilwilson

The rich own things. They collude. You hit them with costs and they put the price up which is validated by the extra money given to the poor, or by wage suppression as there aren’t…

The poor will then give it back to the rich in higher prices for the same amount of stuff. The only real way to tax the rich is to ensure that the rich have to compete for workers …

It’s not even honest on the tax trade offs. Total tax take is not a constraint on public provision in a floating exchange rate economy.

Except that revenue doesn’t crater in a floating exchange rate system. Revenue from them craters but the money moves elsewhere and revenue improves there - including an increase in…

Having said that if you have no source of iron ore and no self sufficient energy production you’re stuffed anyway. The UK ran out of both a fair while ago

It’s not a matter of profit. It’s a matter of costs. From the graphic the insurers take in $371.6b and pay out $241.9b in medical services costs. That’s $130b on a pointless activi…

Pretty much. Used outside that frame it’s an insult as in: You, sir, are a cad and a bounder.

Also the process is loans creates deposits creates equity. What do you buy bank shares with? Bank deposits.

They never did loan out anything. It’s always been a myth propagated by people who have never been involved in banking [0] The limits to banking are when the last creditworthy pers…

Or just make homebrew. It’s amazing how good just fermenting juice from the supermarket with a bit of added sugar can be. It teaches patience and the blip blop of an airlock is a t…

"This million dollars can be lent out to another person as a mortgage" It can't. It isn't. And it never has been. What banks do is provide liquidity against your collateral. You se…

It's amazing this myth continues when the Bank of England debunked it in 2014. [0] [0]: https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/m...

Other than moving within the rest of the EU under Article 21 EU law trumps German law. In US terms such a requirement is not “constitutional”.

Turn plain English into sharper, more professional LinkedIn wording. Rewrite post drafts, About sections, bios, and comments in a style that feels more polished and platform-ready.…

It's always struck me that agents should be operated via `systemd-run` as a transient scope unit with the necessary security properties set So couldn't this be done with an appropr…

Comparing a currency issuer like the US to currency users like Italy and Greece is a category error. You can compare Alaska to Greece or California to Italy. But you should compare…

It’s rather more simple than that. In a floating exchange rate world, which is the one we live in a dollar is just a 0% bearer bond. So when a government bond matures it is replace…

That confuses two points. Employees sell labour hours. At the basic living wage those hours are interchangeable between all people offering them. Even to the extent of age or infir…

Yet the state pension tells us that isn’t the case. The state pension is a UBI allocated by age rather than physical area. We have millions of data points showing that when people …

Except that doesn’t work as there remains a systemic shortage of jobs on offer. The societal deal with the private sector is that it employs everybody at a rate that allows an indi…

You have to work if you want to get paid. Otherwise you will get fired. The obligation of the state is to provide you with a guaranteed alternative job offer, not a guaranteed inco…

Yes, but that's the point. We're not writing code in a computer language any more, we're writing specs in structured English of sufficient clarity that they can be generated from. …

I suspect that is where we will be going next - automated verification. At least to the point where we can pass it over the wall for user acceptance testing. Is it possible to writ…