UK General Discussion: Rishecession

[Aurelius]

He's - and I say this as an observation not as a slur, very much not - very clearly on the spectrum.

I've heard that more about his father than him, but yes I can see it.

For entertainment value alone, I hope as King he turns out to have the mouth of his father.

[Aurelius]

Unlike the Prime Minister, I'm not into being humiliated or dominated.

That being said, everybody can feel free to mock me for supporting Liz for Leader.

Noi con stupid! ⬆️

😁

[Aurelius]

Did Conservatopia change his signature?

I'm glad at least the comments under the Telegraph articles remain pro-Trussonomics.

I hope someone has a screenshot, because I'm never gonna let him forget it. 

[Aurelius]

Boris's parties seem so quaint now, don't they?

[Aurelius]

Time for a new thread title: "chaos with Ed Miliband".

[Aurelius]

This is unfair. Italy has good food.

[Aurelius]

https://mobile.twitter.com/theousherwood/status/1583010393764790272

The current PM forgot her safe word and she's actively steering the country off a cliff. At this rate they'll be some horrible mashup of Argentina and Italy by the end of the year. Who the hell cares about parties anymore?

[Aurelius]

I am just dying to hear Vosem's take on all this.

He'll say that the problem wasn't the tax cuts themselves in a vacuum, it was pairing them with a massive unfunded energy subsidy, so this does nothing to disprove libertarianism, and he'll be correct.

[Aurelius]

Well - it could be worse. At least we’ve disavowed Trussonomics as a country. Some people want to give it another try…
https://mobile.twitter.com/WSJopinion/status/1582551879703302145

A massive unfunded energy subsidy is restrained spending, news to me!

Trussonomics is somewhere in between zombie-Reaganite voodoo economics and Peronism.

(key word being "zombie". Reaganomics can work very well when tax rates are high to begin with, like they were 40-50 years ago. It doesn't work when tax rates are low!)

[Aurelius]

Well - it could be worse. At least we’ve disavowed Trussonomics as a country. Some people want to give it another try…
https://mobile.twitter.com/WSJopinion/status/1582551879703302145

A massive unfunded energy subsidy is restrained spending, news to me!

Trussonomics is somewhere in between zombie-Reaganite voodoo economics and Peronism.

(key word being "zombie". Reaganomics can work very well when tax rates are high to begin with, like they were 40-50 years ago. It doesn't work when tax rates are low!)

As I have said repeatedly, she saw that one significant concession to public opinion (which is, lest we forget, *massively* hostile to right wing libertarianism) as a green light to go full Britannia Unchained everywhere else. This was never likely to work, even if the speed of its implosion still surprised.

I do hope you aren't doing the "*real* libertarianism has never been tried" schtick

To be clear, my point is just that it's well established that this kind of economic policy fails when initial tax rates are left of the Laffer curve. So yeah, real Brownbackism has been tried and failed. But that was in a low tax environment to begin with, so it's not comparable to the high tax environment in the mid-late 1900s (when Reagan took office, the top marginal rate was 69%).

Not trying to derail the thread here, I was just being careful not to paint Truss's insane "economic" plan with overly broad a brush.