Gen Z/Millennial socialism makes sense when you realise capitalism shifted from 'create value' to 'extract maximum revenue.' Housing needs 2 incomes for worse quality. Industries are monopolized. Finance went from 4% to 8% of GDP while producing nothing. The guardrails came off in the 80s and this is the result.
The same people terrified of big tech monopolies seem fine with government growing indefinitely. At least I can stop using a company... can't opt out of Starmer and Reeves spending my money.
How does a company with infinite money botch AI this badly? Apple’s now paying billions/year to outsource what should’ve been core IP to Google. Should’ve just bought Anthropic .
Tesla have approved a $1 trillion pay package for Elon Musk. That's 20 billion times more than a nurse in the UK earns.
Don't let anyone tell you immigrants or disabled people are the problem. It's the richest 1% hoarding all the wealth.
Time to tax the super-rich properly.
The Scottish Government loves when Westminster raises income taxes because they get an excuse to do it as well. The only issue is they are already 2% higher in some bands. Scotland is nearing 50% income tax at average salaries.
SWE has changed drastically this past year with Sonnet 4.5 and agents. Engineers now have 1–5 Claude agents running async, completing tasks, creating PRs, addressing comments. Productivity is up 10x.
EXCLUSIVE
Rachel Reeves has told the Budget watchdog that she plans to increase income tax as she seeks to repair the public finances
The Chancellor has informed the Office of Budget Responsibility that a rise in personal taxation is one of the “major measures” on tax and spending that she is preparing to announce later this mont
The forecaster will assess the impact of the measures, which also include Reeves’s plans to grow the economy, before informing the Treasury of its assessment on Monday. It is the penultimate round of forecasts before the Budget on November 26
While Reeves could still pull back from the tax rise, its inclusion in the government’s official submission to the OBR is the clearest signal yet that the Chancellor is preparing to break with Labour’s manifesto pledge not to increase income tax rates
The chancellor is considering a 2p rise in income tax and a 2p cut in national insurance in an attempt to shift the burden of tax rises away from workers and on to other groups such as pensioners and landlords
Reeves is said to be determined that the wealthiest should face the biggest tax rises
She is considering limiting the national insurance cut to earnings below £50,270, reducing the rate from 8 per cent to 6 per cent. Earnings over £50,270 would still be subject to a 2 per cent rate to ensure that those with the “broadest shoulders” bear the biggest burden
thetimes.com/article/342f876…
Hope this is right. Govt failed to act for too long. Absurd to leave driving untaxed. Not just lost revenue but main externality created by driving is congestion. Tax per mile driven not perfect but like for like replacement of fuel duty. NB also need massive investment in roads.
Here is Peter Thiel’s email to Zuck and Andreessen in Jan-2020 predicting socialism.
Tl;dr too much student debt and lack of affordable housing keeps young people with negative capital for too long. And without a stake in the capitalist system, they will turn against it.
I've cut out 90% of my software subscriptions just by rebuilding them all with Claude Code
If I have to enter my credit card in for a sub it feels like I'm doing something wrong