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I think it’s really great we’ve got this new tax system

Now that we tax unrealised gains we’ve got a really useful effect on the economy. When billionaires lose money then we all get to send them some of ours. Ain’t that great?

Net worths of Musk, Bezos, Zuckerberg drop $64B+ in 2022

16 thoughts on “I think it’s really great we’ve got this new tax system”

  1. They lose 64 billion ….. silence

    Maybe things pickup later in the year and they get 32 billion back. TAX THEM!!!!!

  2. Totally off topic, but I did love this:
    https://www.telegraph.co.uk/news/2022/06/15/mercury-rising-searches-mouse-jigglers-shirk-home/

    The heatwave cometh – and with it a rise in the number of people working from home looking for ways to trick their bosses into thinking they are at their computers when they are not.

    Google Trends data showed searches for “mouse jigglers” – devices that automatically move a cursor so that workers appear active even if they are away from their desks – were four times as popular on Tuesday as they were last week.

    The UK is expected to experience temperatures of up to 34C (93F) this week – prompting fears that employees will opt to work from home so they can enjoy the good weather.

    Last week, when spells of sunshine were punctuated by frequent heavy showers, internet searches for “mouse jigglers” appeared to drop. But at 9am on Tuesday, the number of searches for such software was four times as high as the previous week.

    Carl Howell, who sells a mouse-moving device via his website Mouse Jiggler, said that sales were up 51 per cent month-on-month, but insisted that the device helped people work more productively at home.

    The clerical parasites for who we’ve bankrupted the economy.

  3. but insisted that the device helped people work more productively at home

    Que?

    Unless he means more productive picking the weeds or something?

  4. Amusingly we had 2 articles next to each on the local news, first one was that forecast are for a triple El Nina which will be wetter/colder weather for us, the second was that following last years heat dome we can expect extreme heat events to be a regular feature.
    It’s been ridiculously wet and rainy this year and I grew up in South Wales so my standard for being fed up with rain is pretty high.

  5. “up to 34C (93F) this week … the good weather”

    34 is OK in a desert’s edge climate like South Australia. In a climate as humid as ours usually is it’s not good but vile.
    It’s a pity these people don’t have grown-ups around to tell them to predict temperature AND humidity.

  6. @PF
    If you’ve met many mid-level managers you could well see how productivity is improved by them being out of the way: “working from home”.
    Last few years I’ve had quite a lot to do with hospitals, both private and NHS. It was notable how much better the NHS hospitals were recenttly 2020+). I asked. All the “managers” were WFH and so the place worked far better. The consultants and nurses have found it far better these last two years.

  7. Dearieme, yup. Greetings from DC, where 93 is vile, but better than 103, which is coming in a couple of weeks.

  8. TtC – Good point! Though I suspect it’s not what Mr Howell had in mind as part of his sales pitch…

  9. If you are paid to do a job and you can do it in two hours a day fewer than your contact requires, you will be more productive if you know you don’t have to stretch it out because your boss is more interested in the hours between which you mouse wiggles, than the output of your work.

    If my employee is only doing three hours work a day, but I am paying them for seven, that’s on me. But, tbh, I don’t measure my own worth by the hours I work, and ditto people who work for me. A pox on bosses who, even now, haven’t figured out how their employees add, and destroy, value.

  10. Another report which conflates London with the UK. The forecast for London and the SE is 34 degrees on Friday, but a much more comfortable 10 degrees or more lower for the rest of the country. I’ve often wondered why people live down there.

  11. @Creaky Nigel
    But clerical parasite jobs aren’t generally like that. There isn’t a metric that says this operation takes so long so so many operations should take so long. Even in an office environment, one person’s productivity can be vastly different to another’s. It depends on how good they are at justifying the time spent.
    Why the assholes are so keen on WFH. The actual job can be done fairly quickly. And they don’t have to bother with “meetings” & walking around clutching pieces of paper & all the other justifying ruses.

  12. CN

    “If you are paid to do a job and you can do it in two hours a day fewer than your contract requires, you will be more productive if you know you don’t have to stretch it out”

    Ah, so “more productive” in that sense. Interesting sales pitch.. 😉

    What BiS said.

    “But, tbh, I don’t measure my own worth by the hours I work, and ditto people who work for me. A pox on bosses who, even now, haven’t figured out how their employees add, and destroy, value.”

    Fair comment. Hence, none of us will never need Mr Howell’s ingenious toy.

  13. @BIS

    “ Why the assholes are so keen on WFH. The actual job can be done fairly quickly. And they don’t have to bother with “meetings” & walking around clutching pieces of paper & all the other justifying ruses.”

    Oh absolutely agreed and understood… and may they be hoisted by that petard by those bosses able to work out who’s doing a valuable job efficiently, and who’s.. not. I don’t have the answer to how you do this without ‘hours’ and ‘attendance’ as key metrics, but as they were shit metrics anyway, I think we’re moving in the right direction.

  14. CN

    “I don’t have the answer to how you do this without ‘hours’ and ‘attendance’ as key metrics”

    Eh? You said:

    “I don’t measure my own worth by the hours I work, and ditto people who work for me.”

    Hence, you clearly do. 🙂

    And any competent SME employer has to or they don’t generally succeed. Large or any public sector funded – far less pressure.

  15. @BiS
    “Why the assholes are so keen on WFH. The actual job can be done fairly quickly. And they don’t have to bother with “meetings”…”

    You must be having a laugh. Working remotely means everyone and their dog will schedule a meeting with you because they can’t just walk by your desk to see if your free. Of course, the schedule 1/2 hour chunks even though only 10 minutes is needed. I end up trying to work in 20 minute sprints.

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