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Drewie77

@drewie77.bsky.social

98 followers 100 following 530 posts

Urrrmm, ummmm, errrrrr, dunno, guess um (Arrived @ 328 ppm CO2)

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Drewie77 @drewie77.bsky.social · Jan 31

Wealth tax is not about income from work, it's the income from ASSETS. The rich can move overseas to avoid income tax but they can't take land and property assets.

"This is NOT about working people... This is about who OWNS your country "
youtu.be/XtwbdeFLyyA?...

Great interview @novaramedia.com

Drewie77 @drewie77.bsky.social · 19h

🇬🇧 UK proposals model what a broader, simpler wealth tax could do, with fewer exemptions, higher asset values & full compliance assumed so, estimates reach £10–25 bn.

Drewie77 @drewie77.bsky.social · 19h

🇪🇸 Spain’s wealth tax raises billions, not tens of billions as it kicks in above €3 m, exempts homes & large chunks of wealth, and many regions apply big discounts. It raises about €1.5–2 bn a year.

Drewie77 @drewie77.bsky.social · 19h

Explainer for #BBCLauraK

In short: Spain’s tax is cautious and real; UK numbers are ambitious and theoretical.

Drewie77 @drewie77.bsky.social · 19h

🧭 In short: Opening more North Sea wells wouldn’t meaningfully cut UK energy prices.

It’s mostly a political narrative, not an economically sound strategy.

Any new gas would still be sold at global prices, and would take years to reach market!

Drewie77 @drewie77.bsky.social · 19h

🌍 5. Climate & economic trade-off. The economic case is weak too: new projects take 5–10 years before gas flows, so they won’t help current bills.

It’s also more cost-effective to invest in insulation, renewables, and demand reduction, which directly lower bills and emissions.

Drewie77 @drewie77.bsky.social · 19h

📉 4. Effect on energy prices

Even if we drilled more:

The volume added would be small relative to the global market.

That means no meaningful change to wholesale prices.

Household energy costs are driven by those wholesale prices and transmission costs, not where the gas comes from.

Drewie77 @drewie77.bsky.social · 19h

🛢️ 3. About half of UK gas demand is met from the North Sea. The rest is imported (mainly via Norway and LNG terminals).

Gas produced in UK waters often gets exported, swapped, or resold, depending on what’s profitable that day.
The market is fluid we can’t ringfence “British gas” for British homes.

Drewie77 @drewie77.bsky.social · 19h

💰 2. Even if the UK produced more gas it would still be sold on global markets, typically priced according to international benchmarks (like the Dutch TTF or the UK’s NBP hub).

The private companies extracting it are under no obligation to sell it domestically or at a discount.

Drewie77 @drewie77.bsky.social · 19h

What a load of rubbish from the Conservatives on #BBCLauraK

Here’s the factual breakdown 👇

⚙️ 1. The UK’s North Sea fields are mature and declining falling 75% since its peak in 1999

New wells can slow decline, but the North Sea doesn’t have enough remaining reserves to make a large dent in prices

Drewie77 @drewie77.bsky.social · 1d

No membership updates for a couple of days @greenparty.org.uk ... What are they waiting for #BBCLauraK? 🤔😉

Mike drop moments @zackpolanski.bsky.social 🎤👍🏼😊🤞🏼

Drewie77 @drewie77.bsky.social · 1d

End of days #BBCLauraK end of days😂

Drewie77 @drewie77.bsky.social · 1d

HMOs and the private rental market are being eaten up by companies looking for better returns, which raises the prices of properties, takes housing out of the reach of the many and then increases rents too! So no, you didn't hear her point! #WealthInequality

Drewie77 @drewie77.bsky.social · 1d

Rich people invest in markets that enabling borrowing to companies and individuals that buy up housing stock to treat as an asset.

Drewie77 @drewie77.bsky.social · 1d

No Fiona #BBCQT, you didn’t hear her point. It's not about people buying £3m homes, it’s about rich investors fuelling asset markets that let companies hoover up housing stock. HMOs and rentals are being swallowed for profit, pushing up prices and rents. That’s the point!
youtube.com/shorts/Q1ZEW...

18 October 2025

YouTube video by Ian

Drewie77 @drewie77.bsky.social · 8d

Don't let them see what's at the heart of the issues affecting people in the UK😡

@zackpolanski.bsky.social "Hold my beer"
youtube.com/shorts/f3ftI...

#WealthInequality is at the heart of the key issues affecting real people.

Drewie77 @drewie77.bsky.social · 9d

Nothing balanced about Reform 🙄

Drewie77 @drewie77.bsky.social · 9d

It likely earns extra yes😉

Drewie77 @drewie77.bsky.social · 13d

No wonder you never hear Reform talk about #WealthInequality eh? www.theguardian.com/business/202...

Tax authorities examine finances of key Nigel Farage ally

Exclusive: HMRC conducts scoping exercise into Reform UK backer ‘Posh George’ Cottrell’s income from business and wealth

www.theguardian.com

Drewie77 @drewie77.bsky.social · 13d

#WealthInequality matters. Finally, a political party cares enough to say it! youtu.be/qxt4HCjd7VA?... are you watching @teamlabouruk.bsky.social ?

Let's Make Hope Normal Again - Green Party Political Broadcast

YouTube video by Green Party of England & Wales

Drewie77 @drewie77.bsky.social · 15d

Seems apt.. Just replace America with Britain youtu.be/QrXBZAChtYw?... #WealthInequality is THE cause!

America Is Not the Greatest Country Anymore "The Newsroom"

YouTube video by Xander Munro

Drewie77 @drewie77.bsky.social · 20d

This is excellent and worth a watch right to the very end youtu.be/UfC4-FDp7co?...

#WealthInequality

The "Islamification" of Britain?

YouTube video by JimmyTheGiant

Drewie77 @drewie77.bsky.social · 21d

Wealth Inequality ❌

Drewie77 @drewie77.bsky.social · 21d

You don't need to "Take on Reform" @teamlabouruk.bsky.social leader Kier Starmer... You need to resolve #WealthInequality as that is at the route of ALL the issues Reform voters care about.

Fix the real causes not the alleged ones! #BBCLauraK

Drewie77 @drewie77.bsky.social · 21d

Infighting ✅

Drewie77 @drewie77.bsky.social · 21d

No, instead he could:

1️⃣ Raise capital gains in line with persons income tax rate.

2️⃣ Scrap Stamp Duty

3️⃣ Introduce land tax