Andy Williams (@AndyWilliams81) header
Andy Williams (@AndyWilliams81) profile picture

Software dev. Fan of @wolves

London
Joined December 2010
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A small business owner explains, in the simplest terms possible, why socialism doesn’t work. Ever. Great watch.
Utterly heartbreaking. A must watch.
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In 1999 you had to earn over 4x the minimum wage to be considered a higher earner on the 40% rate. Today just 1.8x the minimum wage considered high earner! If the same minimum-wage-to-high-earner ratio was applied from 1999 you’d have to earn over £115k before hitting the 40% income tax rate. We’re seeing a level of wage compression that would make a Soviet era socialist blush.
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Andy Williams retweeted
I’ve said it before and I’ll say it again. Government is legalised mafia.
🚨BREAKING: The Chancellor will announce in the Budget that HMRC will be granted powers to seize money directly from the bank accounts of people who fail to pay their taxes
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What is the strategy here. Look normal and then tax the fuck out of you.
🚨 NEW: Andy Burnham will appear on Channel 4’s Goggle Box tomorrow night with Liverpool Mayor Steve Rotheram
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You take the risk, the government takes the reward.
The latest Treasury leak is that Labour will hike the rate of capital gains tax that applies to entrepreneurs who sell their businesses. The rate originally introduced by Labour in 2008 at 10% has already been raised by Reeves to 18%. Craig Beaumont of the Federation of Small Businesses said “Small business owners work hard through their lives and rely on entrepreneurs’ relief when selling their business to fund their retirement. This relief has already been reduced and limited – it must not be thoughtlessly discarded.” The spin coming from the Treasury is that incentives will be introduced instead to encourage business owners to reinvest their proceeds in new businesses. But what happens if owners just want to sell and retire? There used to be retirement relief from CGT but Labour scrapped that in 2003. This new attack on CGT Entrepreneurs' Relief is just another anti-business move by today's anti-business Labour Party.
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Why is a wealth tax evil? There is no voluntary element to it. It is seizure of property. It’s a thin line but most taxes are technically voluntary. A person who doesn’t want to pay 40% income tax can withhold their labour at £50k. Many people do this. A person who doesn’t want to pay stamp duty can decide not to buy a house. Millions of older people are currently refusing to downsize for this exact reason. Many people refuse to buy a new car because of the 20% VAT on the purchase. One of the reasons there’s no VAT on basic food, clothing and accommodation is because these things are not a choice. One of the reasons the first £12k isn’t taxed is because it’s deemed to be the poverty line and not a choice. The concept of voluntary participation is a built in consideration in a free market system. Wealth taxes are different. The government reaches into your life and simply takes what they deem “fair”. There’s no transaction involved. There’s no choice in the matter. You have it, so they take it. It breaches the concept of taxation being triggered through some sort of voluntary action. It’s a slippery slope. Give government that power and who knows where it will end. Socialists minded people have proven time and time again they want it all.
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One of the smartest things a young person could do is get a remote civil servant job while starting a business. These jobs are totally made up. There’s no real work to be done. Lots of meetings about the latest nonsensical initiative. Basically log into MS Teams, listen to your boss drone on about the 17 new safety protocols to observe while sitting at your desk. You don’t have to have your camera on or engage - just say that it triggers your anxiety. Literally no chance of getting fired. More people die in the civil service each year than get fired. Meanwhile you can be pre-launch in your startup. Conducting research, getting customers to engage, building your waitlist. All the while you’ll be getting paid and accumulating a pension. There are very few genuine passive income opportunities available but government jobs are a real thing. Be smart kids, get a remote government job. Do the work in 30mins a day. Sit through the pointless meetings. Get paid. Then launch your startup.
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Now they’re coming for entrepreneurs. Labour originally introduced entrepreneurs relief in recognition of the insane amounts of unpaid work and risk taking people put into building a business. They want us to build value in the economy but also they want to send a message to entrepreneurs that the rewards for doing so are now cut short. If they go ahead with this it’s another reason for UK entrepreneurs to go build something somewhere else.
The latest Treasury leak is that Labour will hike the rate of capital gains tax that applies to entrepreneurs who sell their businesses. The rate originally introduced by Labour in 2008 at 10% has already been raised by Reeves to 18%. Craig Beaumont of the Federation of Small Businesses said “Small business owners work hard through their lives and rely on entrepreneurs’ relief when selling their business to fund their retirement. This relief has already been reduced and limited – it must not be thoughtlessly discarded.” The spin coming from the Treasury is that incentives will be introduced instead to encourage business owners to reinvest their proceeds in new businesses. But what happens if owners just want to sell and retire? There used to be retirement relief from CGT but Labour scrapped that in 2003. This new attack on CGT Entrepreneurs' Relief is just another anti-business move by today's anti-business Labour Party.
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Andy Williams retweeted
If you tax people who work - and pay people who don’t work - you’re going to get less people working. It’s just common sense” Arthur Laffer
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A chart shows what happened. It has never told anyone what it meant. andrewjwilliams.substack.com… #trading #dwlf
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Andy Williams retweeted
one day you wrote console.log("here") for the last time and didn't even know it
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We need a reset of the governing order. The state broke everything.
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Andy Williams retweeted
A new vending machine in the sixth form common room could have prevented this.
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Jensen Huang has a message for the UK
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Show me the incentives and I’ll show you the behaviour…
150-year-old agricultural supplies business, Norris and Sons is shutting down due to an excessive tax burden. The 10 members of staff will lose their jobs. “I’ve looked at the tax regime and all this Government seems to be doing is trying to take money off me,” says owner Reginald Chester-Sterne. “And there comes a point when you just say, ‘Enough’s enough. Why am I bothering?’ I’m busy working seven days a week – 10 to 12 hours a day – but I’m getting nothing out of it. “I’m just an unpaid tax collector for the Government.” He says the company’s rateable value, which rose from £23,000 in 2022 to £54,000 this year, was the primary reason for being forced to close Norris and Sons. Hikes in employers’ National Insurance, the rise in the minimum wage and green levies on energy bills have also been major negative factors. Chester-Sterne pumped in tens of thousands of his own money to pay wages and try and keep the business afloat but eventually his wife told him it was time to stop. They are planning to emigrate to New Zealand.
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Andy Williams retweeted
Excellent article in the Wall Street Journal on Britain's unsustainable welfare spending: — 7 million people (over 10% of the UK population) now claim at least one or more sickness or disability benefit. This is up 60% in the past 6 years. — The UK will spend over £100 billion pound this year on sickness and disability benefits. This is projected to increase to £130 billion a year by 2030. — No other Western country has seen such a rise in disability claims. In the US, 10.6 million people claim some form of federal disability payment, despite the population being 5x larger. — 1 in 7 new cars sold in the UK are under the Motability scheme; however, only 10% of cars are modified for a disability. In one dealership, 25 out of 26 cars they sold in August were all under the Motability scheme. — Charities, consultants, YouTubers and TikTokers have all sprung up, telling people how to maximise benefit access. Some of these videos receive hundreds of thousands of views. Over 1,000 people a day are signing on for PIP. — According to a Government survey from 2024, 25% of the UK's working age population could theoretically be classed as disabled under the current criteria and access these benefits. — A minimum wage worker who works 40 hours per week would take home around £1,880 per month after tax; however, if you are classed as too sick to work and claim PIP, you can take home £2,000 tax free per month. wsj.com/world/uk/united-king…
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Andy Williams retweeted
Your annual reminder that we are under the thumb of attention economy that wants men and women to hate each other, and it’s ripping our world apart
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Parkinson’s Law – Why the State Bureaucracy Grows When the Work Shrinks In 1955, a British naval historian wrote a joke for The Economist. Seventy years later, it remains one of the most accurate descriptions of the modern state ever written. Everyone knows the slogan: work expands to fill the time available. Almost no one knows the mechanism underneath it. That mechanism explains Europe. 1. The evidence. Between 1914 and 1928, the Royal Navy lost two thirds of its largest warships. Over the same years the Admiralty – the office that ran the ships – grew by three quarters. There were fewer ships and more men behind desks. Then there was the Colonial Office, which kept growing while the colonies left one by one. It was hiring while the empire was shrinking. 2. The first mechanism. An official who feels overworked has three choices. He can resign, he can share the work with a colleague, or he can ask for two subordinates. He never chooses the colleague, because a colleague is a rival. Two subordinates are a rank. So one tired man becomes three. Then each of the two subordinates feels tired. 3. The second mechanism. Seven people now do what one did, and they keep each other busy with drafts, approvals, and comments on the approvals. Everyone works hard, and nothing is produced. You have been in this meeting. You have been copied on this email. You have watched three people sign the form that one person filled in. 4. The law of triviality. Parkinson noticed that a committee will approve a nuclear reactor in minutes, because nobody understands it. The same committee will debate the bicycle shed for an hour, because everybody does. Bureaucracy does not avoid the important question by accident. It avoids it by design – the small question carries no risk, and on the big one, someone’s name goes on the decision. 5. The ratchet. A business that fails closes. A department that fails gets a bigger budget, because the problem is now bigger. Failure is the bureaucracy’s best argument for itself. This is why the state never shrinks on its own: every problem it does not solve becomes a new office for solving it. 6. The civilizational lesson. Burnham described the managers taking over. Parkinson showed how they breed. Put the two together and you get Brussels. You get France, where the state spends more than half of everything the country produces and still cannot fix a hospital. This is not because the people inside are wicked. It is because the machine works exactly as Parkinson said it would. 7. The vindication. Parkinson was dismissed as a humorist. Then Milei cut Argentina’s ministries in half – and the country did not collapse. It barely noticed, except on the bill. The lesson is simple: you cannot reform a bureaucracy by asking it what to cut. It will always propose to cut the ships – and hire someone to manage the cut.
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People who love freedom, growth, accountability and success hate politics and bureaucracy. They would rather move country than enter into politics. People who love authoritarian control, rules, surveillance and handouts love getting into politics and bureaucracy. They would rather destroy a country than improve their own life. This is why we are in decline.
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High tax IS socialism. Seizing the fruits of production is not different to seizing the means.
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