KICK ASS

This is the international trailer for Mark Millar and JRJR's Kick Arse.

Promises to be a riot and certainly not for kids!

View it here!

SAVE TORY POLITICO

Some bully boys over in the States are trying to shut down Tory Politico because it uses Politico in it's title.

Well screw 'em. I'm not a lawyer but if anyone is or knows domain-law, pop over and give a hand!

THE CAR IN FRONT IS...




Ht: Theo

IT'S ECONOMICS STUPID



Treasury loses as top earners dodge 50p tax

Lord Myners cast doubt on whether the Treasury would recieve the £1.13 billion expected for 2010

High earners will cost the public purse hundreds of millions of pounds through tax dodges as they avoid the new 50p rate of income tax, a minister indicated yesterday.

Lord Myners, the City Minister, said that the Treasury had “significantly reduced” its estimate of the revenue to be earned from the historic change


Erm...well...duh!

Anyone who has an inkling of how tax revenue works could have told you that.

Y'see there is a thing called the tipping point. It is the point where the cost-benefit of tax avoidance outweighs paying the tax.

And it works in reverse - if tax is low enough then there is no cost-benefit to avoid paying the tax.

In other words, if you tax at an appropriate level you can get a nice sychronicity where the tax payer is happy to pay and the Treasury gets its income.

(NB: This excludes the seriously stinking rich for the most part as they are almost all habitual tax avoiders)

So if you tax too high, income goes down. If you tax just right then government income actuallly increases.

Guess which way the Scottish Historian and his neighbour went?

DOCTOR WHOON

Reading Russell T Davies' The Writer's Tale: The Final Chapter at the moment (I know Geek alert) but I was staggered to find out that Geoff Hoon is a Doctor Who fan according to his son, Chris.

After his sterling efforts at Defense I can see the re-written scenes now:

OUTSIDE MANOR HOUSE

Brigadier: Chap with wings, five rounds

....

Brigadier: Chap with wings, five rounds I said.

Bentley: Um, love to Brigadier but we've outspent out budget after the last round of cuts, shall we throw bricks at it instead?

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Anyway, Hoon also has a sonic screwdriver, now I maybe a geek but I don't have a sonic screwdriver, hell, I bet chief politics Geek-in-General, Tom Harris, hasn't got one! I'll pop over and ask him