One industry needs a bailout as a result of government action.
The other is benefiting enormously from government action.
When big business expects the government to carry its risk it also has to pay its way. And that means excess profits taxes are now very firmly on the agenda.
I think you can guess one aspect of the recommendations in the Tax After Coronavirus (TACs) section on corporation tax as a result.
The argument being that software firms – say Zoom, just as an example – have created the tools which enable economic life to continue in these dark times.
Therefore the people who essayed their capital onto the sea of the market must be disincentivised by having their profits excess taxed?
Think on it. The advantage of the market, capitalist, system is that anyone can try anything. And what is fit is as with evolution, it’s the outside environment that determines. So, our environment has just changed. This produces profits for those who mused and risked. This is exactly what we desire of course, that more muse, more risk and we’ll see who benefits from whatever environment changes there are in the future.
Brainbox now decides that those who have profited from exactly the behaviour we’re trying to incentivise should lose that incentive.
To think that this man used to teach economics in a British university.
Since when did any genuine business expect government to carry its risk? For many businesses government stupidity IS the biggest risk. For example, the BBC website is hosting a “hate insurers” blog because some businesses have business interruption insurance and some of those policies include, at a higher premium, cover for pandemics and others, at a lower premium, specifically exclude it. we then learn that the FCA has agreed that insurers have no duty to pay out on the latter but they “grandstand” by saying “insurers should pay out promptly or explain”: of course the media isn’t going to headline “only claim if your policy covers pandemics” so insurers are going to be deluged with inadmissable claims and a torrent of abuse for non-payment.
So far, zoom has let me use it for free.
Edward Lud,
I’d love to see Richie and his gang of fellow commies going after Zoom, Webex, Slack and Microsoft Teams, only to find that there’s sod all there. Zoom, Slack, Teams and Skype have never made a profit.
Some people are strongly in favor of tax policy simply being the government saying “whatcha’ got? – hand it over”, the Ghengis Khan model. Not much paperwork required but you do need to have some serious enforcers on staff.
@ TD. Welllll.. I know a couple of peeps who have the proper equipment do do a horse-archer drive-by…. 0:)..
Problem is that the selfsame government has banned real fur, which is a must for proper Mongol Raider attire…
Thought I saw that Microsoft gave out free Teams licenses to the entire NHS, nasty money grabbing profiteers should be ashamed of themselves
Brainbox now decides that those who have profited from exactly the behaviour we’re trying to incentivise should lose that incentive.
Given that envy is one of the dominant features of Spud’s personality – and worldview – why would this come as a surprise to anyone? In his world, achievement and success is to be punished, not encouraged.
“ I’d love to see Richie and his gang of fellow commies going after Zoom, Webex, Slack and Microsoft Teams, only to find that there’s sod all there. Zoom, Slack, Teams and Skype have never made a profit.”
That won’t worry them, they believe in taxing revenue.
Great, that’ll fuck NHS productivity even harder. Teams has to be the biggest pile of shite it’s ever been my misfortune to have to use, in the comms world.
‘And that means excess profits taxes are now very firmly on the agenda.’
Abuse of the tax system. People who make excess profits should be Zyklon B’ed.
The NHS Singing and Dancing Episode
q u a r a n t i n e – Paul Joseph Watson
What a time to be alive!
https://www.youtube.com/watch?v=-yFCdrqoK90
Imagine being so woke you hate a president fighting to save lives but have nothing to say about the regime that delivered a mass killing disease.
The healthcare profession is a joke, and a bad one at that. Crazy how hospitals are so overwhelmed and understaffed that they’re able to pump out endless TikTok videos
If this scamdemic has done just one thing it’s just how BAT-sh1t crazy some people really are
Observation:
1. Morrisons’ Staff
– All oldies gone, most staff now under ~25
– Checkout girl yesteday was hot and had lovely voice
2. NHS Staff died today with CV19 – brown/black again
– Gov should be ‘racist’ and say no brown/black treating CV19 unless they sign disclaimer notifying increased risk
@BiW
MS Teams is just chrome-plated Skype.
And cheap shoddy chrome plating at that
A friend of ours who is a semi-retired casual nurse that picks up shifts as and when is really unhappy as there’s no work around as the entire medical system is effectively in shut down.
Managers doing ‘emergency planning’ are busy and feeling incredibly self-important and also apparently changing the pay system to allow them to be compensated for all the additional work they are doing meeting with other organisations and teams etc.
It seems she won’t be needed at Nightingale, either, Mr InC. Even assuming the bureaucracy can rouse itself to accommodate her expertise.