Dan Cole
cole0007.bsky.social
Dan Cole
@cole0007.bsky.social
150 followers 150 following 2.9K posts
Retired with interest in politics
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Mamdani scares the GOP, Trump and the elite 1%.The idea of actually using govt to make all Americans lives better, a more progressive taxation and legislation scares them.
I’ll be surprised if Mamdani survives a year.
If Mamdani survives and succeeds then govt may have socialists elected as senators
Can’t wait to see AI buy goods from Amazon as the population becomes poorer
They can get more wealth but the tax system should reflect this and share that wealth for the good of the country and its citizens
What’s happening in US is historic fight between oligarchs rich and powerful, mostly white men vs everyone else. Yet no headlines in the UK press .
Also financially what’s happening in US will impact UK again nothing in the press/media
Haven’t really looked into it. But my understanding was that the green levy was originally placed on standing charge which is regressive.
Blair as PM changed @teamlabouruk.bsky.social from working class to Oxford elites. The way Rayner has been treated Starmer continues this tradition.
Back in 1997 Blair approach may have been only one to get Labour into power. Now they need to pivot back to centre left
Mamdani proposing to tax big companies making profits in NY11.5% on profits they make in NY independent of where their based
Trump won’t take this well. He’ll have 2 choices. 1. Change course and start delivering on his promises to the American people on affordability,or 2. Go full authoritarian. My guess he’ll go 2.
This will lead to invading states and possible deaths. Dark days ahead. Only GOP can reign him in
And as any UK @teamlabouruk.bsky.social MP will tell you, working with a hostile press where they make up, destort your work; will make it very difficult.
Mamdani also has to deal with a hostile US president
U mean those regressive levies first implemented by Ed Milliband pre 2010
Trump’s nightmare. London Mayor and New York Mayor both Asian and both Muslim. DEI in action
Cameron (UK PM 2010-15) called this selfless action ‘Big Society’ and used it to justify Austerity
Is Trump admin portrayal of the stock market misleading. Heard a professor of economics of Michigan University state a lot of the rise is due to the fall of the $. That if u use other currencies the stock market not doing so great.
Trump nightmare: 2 of the greatest cities New York and London will have Asian Muslim Mayors. London Mayor for 3 terms despite Musk anti posts
Rich: more tax cuts , lower CGT leads to growth. Investment in health, infrastructure unaffordable and inflationary (not if it’s paid through taxes) and wage rises inflationary.
To fit on a Chinese cookie: give rich 5% (us) money, not the 90%
He’s classed as one of the PayPal mafia with his mate Musk.
UK should be developing their own digital services for Nat security. Especially when Trump is the autocratic,throw your weight around, threaten your allies president
Theil doesn’t believe in democracy
Bonds yields r probably down as market expects tax rises and a fiscally prudent budget.
U learn a lot from looking at data from outside UK. Do ppl know UK owns around £800b of US bonds at 5% heals ? Also the govt owns 1/3 rd of UKs total debt needed for liquidity (don’t fully understand that). So no UK is not nearly bankrupt. Anyone would think Labour has a hostile press .
HS2: Where the F did the billions go?Was a line actually built?1900s Britain built 1000 miles of track using shovels and pick axes. 2009 - 2024 could build one track . HS2 and Covid 3rd world levels of state/govt corruption. Govt/ministers/MPs shouldn’t be able to place contracts,civil service job.
Osborne was restructuring UK away from state investment to financing private to do?
First thing on list was the NHS with the 2012 H&SC act. Billions spent on reorganising NHS (promised not to do in 2010). He left it to private who used free money to restructure their own debt
Infosys ran by Sunak father in law and received govt contracts when he was CX and PM.
When Sunak questioned he said Infosys was an Indian company and India don’t have sanctions. But we did and still gave it contracts. He owned Moderna shares. Gave it a Covid vaccine contract
2010 UK GE Tory Party No VAT increase. First thing they did was increase VAT. They put it in law for 2015 GE.
Press didn’t mention it after election.
Bet if Reeves raises tax the press will raise it again and again. NI at 8% is ridiculously low a trap set by Hunt Tory CX. Year before it was 12.5%
If u want to understand why MAGA still supports Trump, look at the voters who voted Brexit in the UK. They hate being told how stupid they were falling for the lies of Johnson and Farage; they preferred to hope they’ll be proven right eventually and hated those who told they were wrong.
Imagine the questions if Trump didn’t fall back to the tried and tested denial ‘who?’, ‘I don’t know’, or as Mike Johnson’s says it ‘I haven’t had time to look into that’.
I’ve seen this exact playbook by Johnson as UK PM. Flatly deny to get to next news cycle