Do you trust...
PIPA and SOPA are stupid, dangerous acts that threaten the internet. And this comes from someone who, by and large, supports Intellectual Property rights...
Labels: business, really astonishing stupidity, t'internet, technology
Labels: business, really astonishing stupidity, t'internet, technology
Labels: economy, education, really astonishing stupidity, taxes
The 50p rate of income tax is costing the Treasury up to £500 million a year as high earners shelter their money abroad, a leading think tank has warned.
The argument is that this rate is increasing the use of (entirely legal) tax mitigation strategies plus some people are buggering off.
Yes, I know, there are those who insist that we should just make it illegal for people to bugger off out of the tax system but we’ve signed a number of international treaties that say we cannot do that.
But here we have it, at least some independent and non-politically partisan experts state that 50 p on income tax is over the peak of the Laffer Curve: even in this short term.
Not much point in having it then really, is there?
Nick Clegg has said axing the 50p top income tax rate too early could "destroy" public support, as the Lib Dems gather for their conference.
The coalition agreement drawn up between the Conservatives and Mr Clegg's party says the government will work towards increasing the tax-free personal allowance to £10,000 - a Lib Dem policy - and that would be prioritised "over other tax cuts".
The Telegraph piece is bullshit laundering, and it's at least as bad as anything you've had a go at climate journalists for.
Here's some digging into the source of the data—the new IFS report says nothing about effects of the 50p rate at all. Rather, the Telegraph has dug up the IFS's *projections* about the effects of the 50p rate *from before it was introduced*, and presented them as if they were an assessment of what's actually happened.
Which is shoddy journalism. It'll be an interesting test of the IFS's integrity to see whether it complains to the Telegraph about being misrepresented in this way...
Labels: economy, LibDems, rampant idiocy, really astonishing stupidity, stupid MPs, tax, think-tanks
Last week, the BBC ran a series of reports by its science correspondent, David Shukman, on the Government’s plan to ring our coasts with vast offshore wind farms.
The nearest thing allowed to criticism of this policy came in an interview with the Oxford academic Dieter Helm, who we were told had “done the sums”. What, Shukman asked, had he come up with? The only figures Helm gave were that the Government’s offshore wind farm plans would, by 2020, cost £100 billion—scarcely a state secret, since the Government itself announced this three years ago—plus £40 billion more to connect these windmills to the grid, a figure given us by the National Grid last year.
Helm did not tell us that this £140 billion equates to £5,600 for every household in the country. But he did admit that the plan was “staggeringly expensive”, and that, given the current extent of “fuel poverty” and the state of our economy, he doubted “if it can in fact be afforded”.
Even shorter on hard facts, however, was Shukman’s report on a monster new wind farm off the coast of Cumbria, where a Swedish firm, Vattenfall, has spent £500 million on building 30 five‑megawatt turbines with a total “capacity” of 150MW. What Shukman did not tell us, because the BBC never does, is that, thanks to the vagaries of the wind, these machines will only produce a fraction of their capacity (30 per cent was the offshore average in the past two years). So their actual output is only likely to average 45MW, or £11 million per MW.
Compare this with the figures for Britain’s newest gas-fired power station, recently opened in Plymouth. This is capable of generating 882MW at a capital cost of £400 million—just £500,000 for each megawatt. Thus the wind farm is 22 times more expensive, and could only be built because its owners will receive a 200 per cent subsidy: £40 million a year, on top of the £20 million they will get for the electricity itself. This we will all have to pay for through our electricity bills, whereas the unsubsidised cost of power from the gas plant, even including the price of the gas, will be a third as much.
Here's an odd thing. Some weeks back I noticed that Gregory Barker, the Climate Change minister, had met with representatives of the Electricity Retailers Association to discuss "information on consumers' bills".
To me this seemed rather odd - why would electricity retailers need to discuss the information on bills with ministers? Perhaps Mr Barker wanted to insist that some information was passed on to consumers?
An FOI request later, I discover that the meeting was at the request of ERA itself—it appears that they asked to speak to ministers about a number of issues—Fuel Poverty, the Green Deal, the Community Energy Saving Programme and the Carbon Emissions Reduction Target. Putting this together with DECC's record that "information on consumers' bills" was discussed, I conclude that ERA wanted to make the costs of these government programmes transparent.
Unfortunately, I can only infer this because according to DECC, no record was kept of the meeting.
Labels: catastrophic anthropogenic climate change, cunts, economy, energy, idiocy, lunacy, really astonishing stupidity
Next, I’m being interviewed by a Russian journalist who is fascinated by these riots. I explain that I believe our culture of moral relativism is to blame, that no one believes in right and wrong anymore, that everything is subjective, everyone is entitled to their own opinion, that we don’t believe in an objective morality. She frowns.
“So you believe in God, then?”
I shake my head. “No. But I do believe in an objective morality.”
She nods. “Ah. So you believe in the state then?”
Labels: libertarianism, media, really astonishing stupidity
So what can be done?
Because of the peculiar threat they present to democracy...
... there’s a case to be made for breaking up all majority interests in media companies, and for a board of governors, appointed perhaps by Commons committee, to act as a counterweight to the shareholders’ business interests.
Labels: corruption, media, MSM, really astonishing stupidity
Gas and Electricity Prices
HC Deb 22 March 1976 vol 908 cc11-3
Mr. Peter Morrison asked the Secretary of State for Energy what is the percentage increase in the cost of electricity since 28th February 1974.
Mr. Eadie: I am informed by the Electricity Council that it is about 86 per cent. overall in England and Wales.
Mr. Morrison: Is the hon. Gentleman aware that that is a horrifying figure? Perhaps he will explain why the prices of the goods and services supplied by nationalised industries seem to rise much faster than the prices of those supplied by the private sector.
As concern grows that the other five major energy companies are preparing to follow Scottish Power and announce big rises within weeks, the energy secretary, Chris Huhne, told the Observer that consumers should not accept the increases "lying down" but "hurt" their supplier by finding cheaper alternatives.
"Consumers don't have to take price increases lying down," he said. "If an energy company hits you with a price increase, you can hit them back where it hurts—by shopping around and voting with your feet."
"Right now, only one in five people switch suppliers. I want to see more switching, more competition and more companies in the market," Huhne said. "The big six only have a few minnows snapping at them, who are kept artificially small. By scrapping red tape for small players they can become serious challengers and help keep bills down."
Labels: economy, energy, environmentalism, really astonishing stupidity, stinking hypocrisy, taxes
The Office for Budget Responsibility has raised its prediction of total household debt in 2015 by a staggering £303bn since late last year, in the belief that families and individuals will respond to straitened times by extra borrowing. Average household debt based on the OBR figures is forecast to rise to £77,309 by 2015, rather than the £66,291 under previous projections.
Economists say the figures show that George Osborne's drive to slash the public deficit and his predictions on growth are based on assumptions that debt will switch from the government's books to private households – undermining his claims to be a debt-slashing chancellor.
Labels: economy, government spending, Morons, really astonishing stupidity
A social worker who had a sexual relationship with a 16-year-old girl in his care has avoided being sent to jail.
Eh? What? I thought that was supposed to be THE big no-no, surely?
Well, no, incredible as it seems, it wasn't having sex with her that got him into trouble. It was taking pictures:Richard Superville, 51, of Ceylon Road, Westcliff, was caught out after explicit photographs of the teenager were found on his laptop, a court heard.
Although Superville had not broken the law by his affair—because the girl was 16—he had committed a criminal offence by taking pictures of her topless.
Labels: barking insanity, idiocy, is this a joke?, law and order, really astonishing stupidity
Labels: good deeds, liars, really astonishing stupidity, stinking hypocrisy, unions
Labels: banks, economy, LibDems, really astonishing stupidity, what the fuck?
"If a student of mine were to hand in this report [the ‘Stern Review’] as a Masters thesis, perhaps if I were in a good mood I would give him a 'D' for diligence; but more likely I would give him an 'F' for fail. There is a whole range of very basic economics mistakes that somebody who claims to be a Professor of Economics simply should not make. [...] Stern consistently picks the most pessimistic for every choice that one can make. He overestimates through cherry-picking, he double counts particularly the risks and he underestimates what development and adaptation will do to impacts.”
[The environmental economist, Dr. Richard S. J. Tol, Research Professor at the Economic and Social Research Institute (ESRI), Dublin, Professor at the Vrije Universiteit, Amsterdam, and Associate at Hamburg University.
Cameron and his suicidal eco-rats clamber aboard sinking ship
Has Lord Snooty’s Sidekick Gone Stark Raving Bonkers, Readers?
So, what has happened to the Tories? Have they taken leave of their senses? Why on earth was Osborne even approaching Lord Stern in the first place?
But Osborne’s lack of political judgment and timing go even deeper. One cannot believe that the Shadow Chancellor has been so stupid as to make this now seemingly-unfounded pronouncement at the very moment when the Global Warming Narrative is collapsing on every front, political, economic, and scientific; when, in the US, even President Obama is retreating from from the cap-trade bill; when most of his own Tory party are highly critical of the whole ‘global warming’ scenario; when polls show that the public everywhere is increasing in its scepticism; and, when The Sun is once again flaring forth ...
On February 1, that Old Tory trooper, Lord Tebbit of Chingford, writing in the Conservative house rag, The Daily Telegraph, warned that “'Camp Cameron' should worry about the steady erosion of the Tory lead in the polls” - the latest YouGov product has the Conservatives on 38 per cent, down two points on last month. I am sure Tebbit is correct, and I can further warn Boy George that this latest nonsense over Lord Stern will not have helped one iota.
Indeed, Britain is now screaming out for a leading political party that will begin to talk real economic sense on climate change. That way, there might actually be some votes in the topic.
It's very difficult all this, isn't it. The horrible fact is, there isn't actually anyone we can vote for who will stop this happening. Sure, there are people we can vote for who will promise to stop it, but that's a different thing - under our grotesquely unfair first-past-the-post Westminster system of government, such people will never get the chance to actually implement their promises. Tyler's constitutional reform package includes separation of the powers and a directly elected President, but absent that, our real world choices are indeed very limited.
Which is why we will be out campaigning for the Tories again this time. They sure ain't perfect, and we share many of the Major's concerns, but in terms of forming a government to replace Brown's disaster, they're all we've got.
Labels: climate, environmentalism, lunacy, really astonishing stupidity, Tories
But the truly gargantuan problem is the supposition that inflation would eat away at the debt burden. Firstly, of course, what this really means is a hidden default on that debt. You know, sort of a "Tee hee...we'll pay you your money back but it won't be worth anything by then. Aren't we clever!". Well, no actually, this isn't big and it's not clever. Those gilts largely exist in the pension funds of us out here in the general population so that suggestion is really that you'll steal from us in our old age in order to fund your fiscal incontinence now.
Worse than that though is that it won't actually work. For markets have been stung by that inflation ruse once already and so matters are now different. Some 25% (so I'm told) of long term gilts are now inflation linked. Inflation does nothing to reduce that burden then. Short term gilts will of course need to be refinanced at the new, higher, (nominal) interest rates that inflation will bring. And the largest parts of government debt, things like the PFI exposures and the public sector pension plans are all inflation indexed. So inflation would be both a default upon those who are not inflation protected and wouldn't solve the debt problem either.
Inflation simply won't cure the debt problem. We're back to either raising taxes so as to choke off new economic activity or firing some portion of the army of wastrels who consume the current tax take. Given my language choices there you can probably guess which course I regard as sensible...
Labels: economy, general hilarity, peddlers of misery, really astonishing stupidity, thieving bastards, whoops
Anyway. This is all just to reiterate my point: restricting teacher training to people with good degrees will simply worsen the teacher shortage, because most academically successful people (‘best brains’) don’t want to become teachers. It’s an unattractive profession to people who value creativity, resourcefulness, and freedom to innovate. And even if the best brains did become teachers, there’s no guarantee they’d be good. Many academically gifted people have trouble communicating the subject of their expertise at a level that is accessible to schoolchildren anyway; and probably the core skill involved in teaching is being able to synthesise patiently, to simplify complex ideas, to keep what you’re saying on a level kids can understand and in a way they can tune into.
Finally, I will say this. I teach Latin. I am not an expert in the subject, nor do I have a degree in it, nor do I have the faintest clue where my American university degree would fall on the degree-class scale used in the UK. I do not have a teaching qualification. And yet every time I apply for a teaching position, the school falls all over itself to hire me and to pay me well above the going rate for my services. I can’t be the only teacher like that. David Cameron’s plans will, by and large, make it harder for people like me to get teaching jobs. And for what? So that a bunch of smarty-pants graduates with 2:2s or better can have a ‘high-prestige’ career.
Camerhoon, school is not about teachers. It’s about children. And anyone who wants to teach, and can demonstrate that they do it well, should be encouraged to do so, whether they have fancy papers to qualify them or not, and whether they have the biggest brain in Britain or just a mediocre brain that happens to be full of passion and love of learning and dedication to showing kids how amazing the world they live in is.
Everyone remembers a teacher that made a difference – who through sheer force of personality and infectious enthusiasm sparked an interest, instilled a love of learning and set a life on its course. And the evidence backs that up.
Labels: education, idiocy, patronising fuckwits, pompous demagogues, really astonishing stupidity, staggering incompetence
Politicians want us to believe that it is possible to make better-off people richer without making poor people poorer.
Just as one example. Way back when, around the time of the start of the Industrial Revolution, the gini (a measure of the inequality of the society) was about 0.50 for the UK.
The unchanged gini (ie, before we consider the effects of the tax and benefits system) for the UK now is about 0.50.
Are the rich better off now than they were in 1750? I think the answer to that is obviously yes. Are the poor better off now than they were in 1750? I think the answer to that is similarly and equally obviously yes.
So, we’ve got unchanged inequality of market incomes over the 259 years, the better-off are better-off (umm, obviously, making adjustments for the fact that no one at all is 259 years old) and the poor are not poorer.
It is therefore possible to make the better-off better-off without making the poor people poorer.
The mechanism is called economic growth.
Labels: economy, really astonishing stupidity, staggering incompetence, whoops
The BBC has an article based on an interesting House of Commons report on alcohol consumption… well, more accurately, it’s a very bad report on alcohol consumption with some interesting data.
The data shows that, before the global descent into miserable puritanism around World War I that led to prohibition in the US and draconian licensing rules in the UK, alcohol consumption was around its current level.
It then spiked after the war ended, fell during the Depression, rose slightly during the mid-late 1930s and WWII, fell in the austerity period, and then rose fairly consistently from 1950 onwards—accelerating slightly since 1995 due to increased wine consumption. We’re now at about 9 litres of pure alcohol per head per year, compared to 11 litres in 1900.
The obvious conclusion to draw is that, with miserable busybodies out of the equation, 10ish litres per head is the natural level that Brits want to drink, that this is all well and good, and that the puritans should be deported to America on pain of pain, as we did in the good old days.
The House of Commons report instead draws the conclusion that OMG FFS AAAGH the sky is falling. Particular stupidity lies in:Ten million adults drink more than the recommended limits and between them knock back 75% of all alcohol consumed in the country. More than two-and-a-half million adults (8% of men and 6% of women) drink above the higher-risk levels – more than double the government’s daily guidelines.
… but we know that the daily and weekly guidelines are based on *nothing at all*. And we know that, on aggregate, the only people who show a greater risk of mortality or morbidity from alcohol than teetotallers are those who drink more than 30 units a week, which is equivalent to 17 litres of pure alcohol a year. So we can crank up our national drinking by another 70% before we need to start worrying about health impacts.
Labels: blimey a blogger actually doing some research, drinking, drugs, rationing, really astonishing stupidity, thieving bastards
Sifting climate facts from speculation
It was a dramatic declaration: glaciers across much of the Himalayas may be gone by 2035. When New Scientist heard this comment from a leading Indian glaciologist, we reported it. That was in 1999. The claim later appeared in the Intergovernmental Panel on Climate Change's most recent report—and it turns out that our article is the primary published source.
The glaciologist has never submitted what he says was a speculative comment for peer review—and most of his peers strongly dispute it. So how could such speculation have become an IPCC "finding" which has, moreover, recently been defended by the panel's chairman[*]. We are entitled to an explanation, before rumour and doubt compound the damage to the image of climate science already inflicted by the leaked "climategate" emails.
This sudden burst of inquiry from Britain's premier science magazine is certainly welcome. We've had twenty-odd years of, at best dumb acquiescence and at worst dumber cheerleading. What have the New Scientists been thinking of these last two decades?
We are entitled to an explanation too.
This is a thriller about codebreaking—not Napoleon's or Hitler's codes, but computer codes that generated a false signal to the world about runaway global warming. Like most codebreaking it was painfully slow but Montford keeps the drama pacy as the years pass, while he explains the intricacies in the plainest possible language. By military codebreaking, the likes of Scovell and Turing helped to change the course of history, and McIntyre and McKitrick should soon do the same, when the statistical fudges that misled the politicians become more widely known.
Nigel Calder
Former editor, New Scientist
co-author, The Chilling Stars
Labels: ClimateGate, corruption, CRU emails, media, really astonishing stupidity, science, wild speculation
Most of the scientists responsible for creating the delusion still believe global warming is man-made and will be a crisis. We know this from an international survey conducted in 2008 by Dennis Bray and Hans von Storch. They surveyed 373 scientists who work for climate research institutes and appear in the climate journals that are controlled by the now-notorious Climategate gang.
Thirty-five percent responded “very much” when asked the following question: “How convinced are you that most of recent or near future climate change is, or will be, a result of anthropogenic causes?” On a scale from 1 to 7, with 1 being “not at all” and 7 being “very much,” 83 percent answered 5, 6, or 7. Only 1 percent said “not at all” and only 11 percent answered 1, 2, or 3. Answers to the question “How convinced are you that climate change poses a very serious and dangerous threat to humanity?” were similar.
However, the Bray and von Storch survey also reveals that very few of these scientists trust climate models—which form the basis of claims that human activity could have a dangerous effect on the global climate. Fewer than 3 or 4 percent said they “strongly agree” that computer models produce reliable predictions of future temperatures, precipitation, or other weather events. More scientists rated climate models “very poor” than “very good” on a long list of important matters, including the ability to model temperatures, precipitation, sea level, and extreme weather events.
The reliability of climate models is important because actual global temperature records show very little warming or changes in long-term weather events — such as the frequency or severity of hurricanes — that could be attributed to human activity.
Computer models are practically the only “proof” that global warming alarmists have to support their theory and forecasts. How can scientists know that global warming is man-made and will be a crisis, while at the same time express deep skepticism towards the computer models that might support such beliefs?
The answer is that they don’t actually “know” global warming is man-made or will be a disaster; they “believe” this to be true.
To assess whether the airborne fraction is indeed increasing, Wolfgang Knorr of the Department of Earth Sciences at the University of Bristol reanalyzed available atmospheric carbon dioxide and emissions data since 1850 and considers the uncertainties in the data.
In contradiction to some recent studies, he finds that the airborne fraction of carbon dioxide has not increased either during the past 150 years or during the most recent five decades.
He's not talking about 'the proportion of CO2 in the atmosphere', he's talking about the the proportion of CO2 that ends up in the atmosphere as opposed to being sequestered in the oceans or land biota. His conclusion is that although some studies have suggested otherwise, these sinks are in fact behaving linearly even as CO2 quantities increase.
This is indeed a problem for some of the more pessimistic models of 'climate change' but it has fuck all to do with the 'proposition that rising temperatures are caused by the rising proportion of CO2 in the atmosphere.'
Labels: climate, CRU emails, disingenuous cunts, environmentalism, fucking stupid little wankstains, really astonishing stupidity
The thing is, two of the most important books on this subject in recent years - Roemer’s Theories of Distributive Justice and Kolm’s Modern Theories of Justice—almost entirely neglect the notions of desert or merit.
There are, I think, two reasons for this.
One is that it’s impossible to tell what any individual really deserves. Do I, for example, deserve to earn more than the average worker? In one sense, no: my work is much less onerous or unpleasant than the average. But on the other hand, this pleasant outcome could be a just reward for years of effort earlier.
I don’t know which it is—or at least, I don‘t if I slough off the self-serving bias!—so I’m blowed if I can judge anyone else’s income. For this reason, I share the Devil’s consternation at the idea that public opinion should adjudicate.
Secondly, it’s possible that none of us deserve anything. This isn’t just the traditional Christian position that we are all miserable sinners. It’s also the Rawlsian one, that the distribution of talents—which include an appetite for hard work—is “arbitrary from a moral point of view.” And of course, none of us “deserves” the enormous good fortune of having been born into a liberal democracy in the late 20th century.
For me, these reasons suffice to disregard “desert” as a macro principle colouring our views about the distribution of income—though we might use it in other contexts, as when we say “he deserved that goal” or “he deserves to go to prison for that.”
This is not, in itself, a particularly leftist position. Intelligent libertarians share it. Hayek was wary of the idea of desert, and Nozick wrote of entitlements, not desert; there’s a difference.
Rent seeking generally implies the extraction of uncompensated value from others without making any contribution to productivity, such as by gaining control of land and other pre-existing natural resources, or by imposing burdensome regulations or other government decisions that may affect consumers or businesses.
While there may be few people in modern industrialized countries who do not gain something, directly or indirectly, through some form or another of rent seeking, rent seeking in the aggregate can impose substantial losses on society.
Studies of rent seeking focus on efforts to capture special monopoly privileges such as government regulation of free enterprise competition.
The term "monopoly privilege rent seeking" is an often-used label for the former type of rent seeking. Often-cited examples include a farm lobby that seeks tariff protection or an entertainment lobby that seeks expansion of the scope of copyright. Other rent seeking is held to be associated with efforts to cause a redistribution of wealth by, for example, shifting the government tax burden or government spending allocation.
“Economic populism of the left has deep roots”
Aye, deep roots in stupidity.
This is the point about that leftish economic populism that so enrages people like me. Not that the goal is undesirable (for many of the goals are desirable) but that the methods chosen to reach said goals don’t in fact work. In many cases they are actually counter-productive.
Just as one example, take the taxation of corporate profits. You’ve got the economically illiterate like Polly and R. Murphy shouting that companies must pay “their fair share”. That taxes they don’t pay fall upon the shoulders of the workers.
Then you’ve got the literate like Larry Elliott (well, he is on a good day) and Vince Cable pointing out that companies don’t pay tax: people do. The tax incidence argument.
Now, when you take on board that (not very surprising and long known point about incidence) you start to realise that if you want both an ongoing increase in living standards and also a more progressive tax and benefit system then you have to do what the Nordic countries do. You want lower taxes on corporate profits and capital in general than we have now. Sure, you can also have higher income taxes, as they do (and to get the money you really need for a large redistributive State you need higher consumption taxes, VAT, as well).
Now note that I’m not a supporter of this sort of social democracy. But that isn’t my point here. It’s that if you do desire this then it would help if you took on board how those places actually do work.
Rather than simply appealing to the populist instincts….make the companies pay!
That’s what annoys: this economic populism ends up not delivering the results that are promised.
Labels: economy, general hilarity, good deeds, left-baiting, mischief-making, really astonishing stupidity, socialism, statements of the blindingly obvious
Tom favours a 100% appointed upper house – the landlord agrees entirely.
Hereditary peers should, of course, be no more – they have no part to play in a modern political system.
But appointed lords (the landlord assumes they will still be called Lords. ‘Senators’ is very American.) are the best of both worlds – they are there by merit (as opposed to fortune at birth) but also need not fear an electoral backlash if they make decisions that are ‘right for society’ but perhaps unpopular in the short-term.
Labels: blogging, elections, fucking stupid little wankstains, general hilarity, NuLabour, pompous demagogues, really astonishing stupidity, Tories