George Magnus (@georgemagnus1) 's Twitter Profile
George Magnus

@georgemagnus1

Economist. China Centre, Oxford & SOAS. Ops/blogs on website. Also econtwitter.net/@georgem

ID: 2220183580

linkhttp://www.georgemagnus.com calendar_today11-12-2013 20:17:26

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Obv issues here re how the govt chose a poorly thought out disability bens policy to fight on. But the bigger msg now is that a govt with a huge maj cant do welfare reform. Huge consequences. Starmer guts UK welfare reforms to avoid Commons defeat via Financial Times on.ft.com/4l83xJU

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Critical q which mp’s have to answer is where’s the money going to come from? You can’t abandon welfare reform, which is what’s happened, tile out the big tax raising possibilities, probably lose a chancellor soon, PM later, and remain credible to voters.

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So not to mince words, the law will now be used to prevent deflation in China, and to negate China’s renowned and encouraged capacity to scale everything up and produce at basement prices. And I’ve got a massive bridge to seek you. Nothings going to happen that works.

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High time to end this folly. The Tories was wrong to bring it in, Labour is silly to keep committing to it. Look after those in need and make sure they’re not taxed, but others don’t need the right to protection in this way. bbc.co.uk/news/articles/


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Not really Dmitry. You’d be the first to think Trump a twit, so this tweet is silly. More to the point, BRICS doesn’t have structure, or a point. It’s just a front for your Chinese masters.

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Of course they would. Dumb question. Now ask them if they support it as a way of them not having to pay more tax, and then if they’d support it if, as in other nations, it raised next to no meaningful revenues.

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In Red Flags, ‘incoherent’ was the word I used to describe BRICS. And with a +, it’s even more so, as the FT leader here agrees. Simply joining a group of disparate nations as an anti western vehicle for China’s benefit was never going to end up any other way.

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This borders on economic illiteracy. Keynes’ quote in proper context as spoken is not what this chap alleges, and while private investment rate eg in U.K. is disappointing, reasons are complex and the description here is pure Speakers’ Corner.

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Have you noticed it’s slightly less than rich ppl mostly who are so keen that they shouldn’t pay wealth tax but others should?