Today\’s Ritchieisms

Quite glorious today, as usual:

This is outright abusive planning deliberately engineered by a bank. The answer is simple: such accounts must be assessed on an arising basis, not a payment basis as is used for interest now. The law has to be changed in the Pre-Budget Report.

Well done Ritchie, you\’ve just killed zero coupon bonds. Oh, and STRIPs.

Further:

SUICIDE rates in Jersey are more than 60 per cent higher than in England, worrying new figures have revealed.

To which his response is:

Well if you removed the oppression, abuse, secrecy, debased value system based wholly on money, the massive income divide, the feeling that Jersey people are alienated from the place where they were born and a bit more like that I think you’ll find it will help.

This isn’t rocket science: it’s a glaringly obvious sign that the culture of secrecy jurisdictions abuses the human spirit.

UK\’s suicide level is around 11 per 100,000 meaning that Jersey\’s would be 17.6 per 100,000 (although, to be honest, given a total population of under 100,000 I wouldn\’t place much credence on such spurious accuracy in that suicide rate. One love triangle would change the rate substantially).

Hmm.

When the suicide rate is 17.7 per 100,000 in Norway and 20 per 100,000 in Sweden the I guess they must suffering \”the oppression, abuse, secrecy, debased value system based wholly on money, the massive income divide, the feeling that Nordic people are alienated from the place where they were born .\”

So much for social democracy then, eh?

14 comments on “Today\’s Ritchieisms

  1. He makes a fair point on people trying to avoid the 50% tax rate (that tip might come in handy at work!). But the easier solution would be to scrap the 50% tax rate. In fact, scrap 40% higher rate tax completely and tax everything at a flat rate.

    Deducting tax from UK government bonds is a joke anyway. They ought to just declare all interest on new issues to be tax-free and pay a correspondingly lower amount, problem solved.

  2. You are a wag, Tim. Putting in a capitalised word as an acronym where it actually is an acronym, just to taunt one of your comment writers.

  3. If you follow the links you learn that the long term average in Jersey is 10-11 per 100,000, the same as the rest of the UK. Last year there were 16 (the pop. is 96,000, giving the figure of 17 per 100,000). This increase is statistically meaningless. Even if it were statistically significant, to link it to the island’s tax and banking practices is, quite obviously, ridiculous.

    His research, he tells us, consisted of talking to his girlfriend, who agreed with him.

  4. Richard Murphy, your point about Jersey and trying to link this to some sort of business culture there is absurd. I notice you haven’t responded to Tim’s rather obvious point about the issue in the Scandanavian countries he mentions. But then of course they don’t fit your narrative, do they?

    R. Murphy: the gift that keeps on giving

  5. No, the real reasons for the high suicide rates in Norway and Sweden are the crap weather and possibly the worst films in the whole world.

  6. May I, as an actual Jersey person, make a couple of observations?

    Firstly, our value system is *not* based on money. As a wag once put it, we’re 100,000 alcoholics clinging to a rock, thankyouverymuch.

    Secondly, since us natives are actually a minority of the population these days, if everyone else is feeling alienated from where they were born, it’s probably because they left there and came here. Presumably because they like the abuse and secrecy.

  7. “No, the real reasons for the high suicide rates in Norway and Sweden are the crap weather and possibly the worst films in the whole world.”

    And some of the highest taxes in the world…

  8. @Richard Murphy

    My apologies. The way you expressed it seemed not to suggest matrimony. You don’t actually address the fact that your argument is nonsense, though.

    @ReefKnot

    I’ll give you the Swedes, especially Bergman, but Norwegian black comedy is among the best I’ve ever seen; tortured, twisted, miserable, weird and quite hilarious. (Not everyone’s cup of tea, I admit, but if you have the right [or wrong] type of mind, it’s great fun.

  9. Without Dickie and his willingness to promote the schemes of which he complains, those nasty tax avoiders would have to spend far more time in tracking them down for themselves.

    As to Mrs Murphy, or Dr Murphy as I believe she is properly known, can anyone even begin to imagine how insufferable her home life must be. At least, being a doctor, she can self-medicate to lessen the agony.

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