Comments by "MeTube - tacticalvote co uk" (@OneAndOnlyMe) on "Richard J Murphy" channel.

  1. Including ordinary retail investors. That's not a bad thing.
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  2. Agree. He's not mad (nor bad), he's smart enough to tap into the mood of a nation and get into power, and then shape reality to achieve his goals of tax cuts, or whatever best benefits him. That's not madness, that's just being smart enough to know how to play the game.
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  3. This not true. It may have been true in the past, but definitely not true now. I work with civil service and government agencies, and they are very eager to use new tech, it's more about budgets.
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  4. WEF is just a forum where people meet to discuss ideas and innovations. It doesn't do anything other than that. Anyone can be a member, just go to the site and sign-up. You'll see all the projects and knowledge sharing going on.
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  5. They provides services that other people are willing to pay for. The value is whatever the payer is willing to pay for it. These services wouldn't exist if there was not value to them.
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  6. Yes words matter. Perhaps you could also do your part by not perpetuating the "Rachel from Accounts" thing.
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  7. This really irks me too when Brits get this wrong!
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  8. I think Richard's being somewhat disingenuous regarding Central banks and interest rates. The purpose of those rates is not control or even impact upon the price of commodities (wheat, oil, etc). The purpose of central bank rates is impact on consumer spending. Inflation rises and falls due to consumer behavior. Commodities markets react to demand from consumers of products are with the raw commodities. If consumers get too much rise in pay, they'll use their cars more, and the price of oil will rise in response to the demand. The central bank raises rates to force consumers to reduce spending, which reduces demand and products and services commodity prices fall, thus inflation falls. I suspect Richard is making his argument in the way he is because his political agenda is to bring money creation powers into the hands of the government and let a government print as much money as it ever needs. The problem with this is that it's highly risky. All it takes if for a fiscally irresponsible party to get into power, say like Reform Ltd, to use to to print money to win populist power, and the entire UK economy is put at risk of runaway inflation that it may never recover from.
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  9. It's a new centrist Labour. And that's okay, they've moved with the times. The biggest electoral bloc is the middle. And the middle is mostly the professional working and middle classes, they own property, they have lifestyle ambition, they invest, they take a global view of the world (most work for global businesses).
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  10. I don't want a "radical" party. I want a party that does slow and steady change, which Starmer's Labour is doing (over ten years). Radical parties get you the kind of mess that Liz Truss got us into. I'm all for some reform I Parliament (votes at 16 for sure, and secure digital voting like they have in Estonia), but I would keep first pas the post. PR would mean far left and far right single issue parties take more seats that they will only use for grandstanding.
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  11. Small businesses are great until the owner becomes greedy, takes slightly bigger share of the profit more than the employees doing the actual work. In some ways it is better to work for a big company that generates super-normal profits and pays out generous annual bonuses (there are plenty such companies in the FTSE100).
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  12. WEF is literally just a forum (that's the F in WEF!). FFS. You conspiracy nuts need to get over this one.
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  13.  @countryman5329  No, people gather in a forum - an open, public forum! - is not conspiracy.
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  14. It's not just "personal finance" either, we need to tach the basics of state and global business finance too. If more kids left school with a grounding in state and global business finance, they would turn out to be more reasonable and better informed electorate.
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  15. The wealthy already contribute 30% of all tax take. That's a big chunk. "tax the wealthy" is a lazy slogan. Put forward solutions as to how and then you'll realize it's easier to slogan that to actually do.
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  16. To be fair (and I'm no trump fan) the White House has always chosen which media outlets can be in the White House press pool. What the White House is doing now is allowing additional social media citizen journalists into the press pool. Yes, those chosen will be ones favorable to the administration, but this is not necessarily a bad thing as most of the younger generations get their news from social media. Eventually when the Dems take power again, they too can use this.
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  17. I don't see this as a problem, I would argue that it is the desired end state. The world operates on capitalism which means our challenges (economic, social, cultural) are all the same. The solutions are going to be similar with minor differences in approach. The only significant differences in the governing system will be whether or not the government is a democratic (much of the world) one, or an autocratic (Russia, China, etc.) one. I don't agree that the private sector cannot deliver for the public. It can, we have examples all around us of it happening, example, telecommunications.
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  18. It's word salad to people who are not fluent in political speak. I understood what she meant.
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  19. Whether you think it's real or not, "value" is real. Money is just a representation of value.
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  20.  @SaveEarthPlsBeKind  You have to be cunning in politics. If you're not cunning you have no business being in politics. What you call cruel I see as being tenacious. I don't care about free gift. Better the rich pay for it than my taxes.
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  21. There is some misinformation here. The Bank of England sets some of the rules for the commercial banks, but some of the regulation is also international (Basel II/III, MFID, FCA, etc). I'm not convinced that the Treasury should be in charge of its own overdraft facility. That's like allowing a credit card owner to set their own credit limit. Highly risky.
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  22. Grow up.
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  23. Parties of protest never achieved anything.
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  24. Or, a widely misunderstood term.
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  25.  @martineyles  That's not true. This myth is based on the written text, but as everyone knows, EU is always happy to negotiate terms for joining. And in any case, joining the Euro is not problem for Scotland. The good thing about Scotland joining the EU is that it would almost certainly expedite Northern Ireland reuniting with Republic of Ireland. Then in the future Ireland and Scotland could be connected by a tunnel enabling easy movement between Scotland and Ireland. England and Wales can then fence themselves off if they want.
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  26. A company director exam would just be a money making scheme for people administering the exam. Many companies are small businesses and such things would be onerous to the small business community. This to me sounds anti-small company. Penalising small limited companies would just push people to setup companies offshore.
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  27. I don't need to know how my pension pot is being used. I just want the returns. It's a vehicle to save up for funding a retirement income. I'm not concerned about my pension pot being used to invest in arms manufacturers, geopolitics is beyond my control.
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  28. Yes, but the end to the sale of domestic gas boilers is coming up soon. So the only gas boilers in use will be aging domestic ones which eventually will have tobe replaced with a different product.
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  29. We elect a government to do stuff for us. Let's say the stuff is estimated to cost £1,000,000. The government gets on with it and does the stuff by printing £1,000,000 of money (central bank loan) that never existed to pay for the stuff we want. The government then invoices us (taxation) in, say, installments of £100,000 a year. We pay the invoice in installments (our taxes). After ten years, our invoice payments cancel out the £1,000,000 loan of money from the central bank. (BoE destroys actual money, or deletes a cell in spreadsheet.) We are left with infrastructure assets or a public services worth £1,000,000. Would that be right?
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  30. Exactly this! The Tories deliberately leaked things to get the press. Starmer and Reeves are doing things the traditional way, make people wait until Budget day and then reveal the details. That way media can't spin things ahead of the Budget.
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  31. Actually, job application processing is one area where Ai removes human bias. AI better at analysing x-rays and CT scans than humans can ever be. Most people will never be able to get their heads around how AI works, they just won't have the capacity for it, not everyone can be a mathematician or computer scientist. At best, people need to learn to fit AI outcomes to the real world, what I mean by that is, at best humans have to choose if the solution/advice offered by an AI system is right or wrong for them, and proceed on that basis.
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  32. This Labour is not traditional Labour. This is centrist Labour, not lefty Labour.
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  33. It's not that simple. These days parts of all exchanges operate 24/7, offering out of hours trading depending on the platforms and the equities involved in the trades. The LSE is a business itself, if anyone tried to shut it down, the business would simply move to another place and still continue as the LSE (it's just a name). NYSE wanted to buy LSE at one time, that would have made it US business still doing what it does in London.
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  34. I wouldn't mind a mutualised health service that was accompanied by an Act of Parliament that meant it could never be "sold off".
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  35. It's not about the music. She is expressing her politics as voter concerned about issues that concern women.
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  36. The wealthy don't just "save" their money in a savings account. They invest their wealth, which enables businesses to grow.
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  37. Hopefully they will get rid of NI and merge it into general taxation as that is what it is now. It hasn't been NI for a long time. This would simplify the understanding of taxation too as there are still too many people who think NI is some special insurance. It's just tax now.
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  38. Financially successful people tend to have psychopathic tendencies. It's not their fault, they are adapting to a world where to have a good life you need money. The best wealth builders are psychopaths.
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  39. @DewiSant-o3y We 'peasants' do use it though. When you use online services host in the UK, you're using this infrastructure. Right now, the UK has a shortage of compute and data processing centres, so we're having to send out data off to foreign shores. UK organisations need the data centres here in the UK to provide digital services to us peasants and be able to respect our data sovereignty, and protect us from US big tech harvesting our data.
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  40. Life has always been a game. That's what many people don't understand.
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  41.  @archvaldor  Indeed, but if a millionaire is a working person, then... they rightly should be counted as one of the working people. On the other hand, a millionaire landlord who does a bit of maintenance on their properties a few times a year cannot seriously be considered a "working person"; they are funding the cost of living mainly from passive rental income.
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  42. Richard, you've overlooked something. These data centers are needed regardless of AI as we already are short of utility compute just to run non AI products and services where UK data sovereignty needs to be respected. The solution to the energy needs will be to allow the tech companies to install mini nuclear power plants, the excess power from which can be shared into the grid to supply lower cost energy for the towns and villages near the data centers. With nuclear power plants the heat from the coolant water can be recycled back into the heat source to generate steam for the turbines. The steam then cools, and the water is recycled back into coolant. This is a tried and tested solution. It need not require much more water, and it's not taking away any drinking water. Also, these data centres aren't going to be built orbiting London in Southern England, they will be built in the north where there is plenty of rainfall and industrial space. These data centers will benefit the Northern England economy in terms of well paid local tech jobs. This will also attract more businesses to the north to be closer to the data centers to reduce network latency. That is economic growth. These are mere engineering problems that UK has the capacity to solve easily. All that is required is government to sign off the permits (and that's where NPPF reform will come into play).
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  43. Germany spends months forming a government because of PR. FPTP isn't perfect but I prefer our system where we have a government formed within 24 hours of the election. PR is also why the far right are able to pose a threat in Germany. It's only because they have a hard rule to not form a government with a far right party that is saving Germany. In UK we have no hard rule to exclude the far right, that's why Farage now wants PR.
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  44. Partly true as yes, Starmerism is a centrist party like Cameron Osborne. The misconception is that it only benefits the rich. If you have some money, in a modest amount, you can benefit from investor friendly policies. Cameron Osborne benefited many middle income classes families too, not millionaire, but the "hundred-thousandaires". The lower income classes, can never benefit from investment driven wealth building simply because they never have any spare money each month to save and invest. The only solution to that problem is to raise the minimum wage, but then the supermarkets will react by raising prices, nullifying the increases to minimum wage, putting low income families back to square one. Solve the "minimum wage/inflation loop" problem, and only then the lower income families can win. This is why anti price gouging policies might be needed to prevent supermarkets (the providers of basic essentials) from taking advantage of improvements to lower incomes.
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  45.  @markwelch3564  See this year's Nobel price winners. Generative AI has moved well beyond academic curiosity, it's being embedded into business world now, I know because it's my day job doing this. The biggest displacement of workers I've been involved in so far is to replace a team of 40 back office staff with AI agents, and five staff to manage the AI agents.
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  46. I wish people would stop going on about 'wealth inequality'. I don't care if the person living across the street from me is a billionaire. I just want the opportunity to make a living to meet *my* needs. We need to create more opportunities for people and worry less about how much wealth someone else has.
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  47. So then she knows why Trump is bad choice.
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  48.  @richardjones3112  People have this misunderstanding that everything has to be in the manifesto and governments can only do things outline in a manifesto. That has never been the case. 90% of the things governments do are not in the manifesto. Manifestos are just a tool to win elections and are used to highlight the headline items.
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  49. They do have a vision, it's in the manifesto. The vision, for those not seeing it, is to grow the economy through investment in infrastructure and reform of key policies to support infrastructure investment. Economic growth creates wealth, so the other element of the vision is to create policies and strategies that will see the fruits of the economic growth from infrastructure investment shared more equitably.
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  50. Man tells woman how to look. What a surprise. 🤔
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