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Macronin
@macronin1.bsky.social
Risk taker not influencer. Not advice. HF guy and a *gulp* fintech founder. Some clown got to macronin first. Elbows up.
Pinned
If you want to know why it costs 2x as much as anywhere else to build anything in the UK, look no further. While beautiful, this is a tax on productivity and encourages the hording off housing... a not super productive asset.
Should England's great houses and gardens have a right to a protected view?

Monty Don and others are up in arms about a potential new town near Rousham, near Oxford. Elswhere it's pylons and solar panels... www.ft.com/content/e1f6...
The row at Rousham: who is protecting the English landscape?
Gardeners are decrying the potential destruction of historic landscapes if planning for a housing development — and a new town — is approved. Could it be more than nimbyism?
www.ft.com
November 29, 2025 at 10:18 AM
If you are 20 and are investing in cash ISAs, your parents have given you poor advice. Young people can invest in equities because they can take the risk. This is doubly so in the UK, where inflation fighting isn't the best and your real return on the cash is basically 0. Often negative.
If he’s targeting a specific sum, surely he has more motivation?
Josh Hall, 20, is 'worried' about how the cash ISA allowance cut announced in Wednesday’s Budget will affect his long-term savings plans

#Read More: trib.al/UPCzygg
November 29, 2025 at 10:15 AM
This is a niche comment, so apologies to the general audience. But I find it remarkable that newspapers are reporting that there have been few non-dom departures from the UK based on PAYE (pay-slips from people who work for someone else). Non-doms that earn, and create real wealth and are therefor
November 29, 2025 at 10:12 AM
Thanks for the heads up. Looking forward to reading this.
Monetary policy tightening raises longer-term yields only when inflation is driven by strong demand.

www.frbsf.org/wp-content/u...
November 25, 2025 at 10:30 PM
Reposted by Macronin
The Drunkard's Walk - How Randomness Rules our Lives. (Fun book by Leonard Mlodinow, finally emerged from bookshelf deep-freeze.) amzn.to/3LXTcUl
The Drunkard's Walk: How Randomness Rules Our Lives
Buy The Drunkard's Walk: How Randomness Rules Our Lives on Amazon.com ✓ FREE SHIPPING on qualified orders
amzn.to
November 25, 2025 at 3:24 PM
Reposted by Macronin
Great piece by @jburnmurdoch.ft.com about the weird hollowing out of the UK tax system, how it compares with Scandinavia (vastly MORE progressive), and the strange reluctance of anyone in politics to talk about this truth.
on.ft.com/4abEiUj
Britain’s tax system combines the worst of the US and Scandinavia
[FREE TO READ] The UK’s experiment in eating the rich while shrinking the state has left everyone worse off
on.ft.com
November 25, 2025 at 3:25 PM
Fair to say, I am currently spending more hours on Gemini a day (GPT, too) than on Bloomberg...
I asked Gemini 3 to opine on Musk's desperate "AI chip" pump tweet.
November 24, 2025 at 8:06 AM
Reposted by Macronin
This chart fails to capture a) the nature of the current account and b) the size and funded level of entitlements. Were they considered the slope of the chart would look materially different.
Japan has huge gov't debt, but low long-term yields. Here's the thing. High debt is real. Low long-term yields are not. They're pretend. BoJ caps yields with ongoing bond buying. Without this, yields would be far higher and Japan would be in a debt crisis...
robinjbrooks.substack.com/p/japanese-d...
November 23, 2025 at 10:11 AM
Totally agree. They make money by fucking killing kids… or moms and kids.
This stuff really boils my piss.
It's a long time since I had my kids but the range of things that can go wrong in childbirth is very very large. Why you'd go down this route is a total mystery to me
Influencers made millions pushing ‘wild’ births – now the Free Birth Society is linked to baby deaths around the world
November 23, 2025 at 8:58 AM
My sample in the UK, many wealthy are no longer "bleating". They are making contingencies, or executing plans to leave. We have hit the upper threshold of what is possible, because Sweden now offers tax relief relative to the UK for high earners. Be careful when you say, "good riddance".
November 22, 2025 at 3:05 PM
Extremely important FT writeup. Excellent.
www.ft.com/content/75ce...
Britain’s tax system combines the worst of the US and Scandinavia
The UK’s experiment in eating the rich while shrinking the state has left everyone worse off
www.ft.com
November 22, 2025 at 2:55 PM
Reposted by Macronin
‼️ Friends, this is very important. Please share to whoever this may concern, especially if you are in the United States.

Ukraine wants peace. Lasting, just, sustainable peace, and not a pause before the next bloodbath. I cannot stress this enough.
November 22, 2025 at 12:00 PM
Reposted by Macronin
Good morning and welcome to your short thread of FT Weekend highlight giftlinks for this very cold morning. Why not stay in bed and enjoy some high quality journalism. Links are free 300x that's all I have and the actual paper with all the weekend journalism you need is in the shops now!
November 22, 2025 at 8:21 AM
Reposted by Macronin
I was honored to speak at a conference “Intent to Destroy: Confronting Russia’s Campaign to Erase Ukraine & Its People” at Georgetown. The mere suggestion of amnesty for Russia's war crimes and genocidal actions against Ukrainians, contained in Trump's 28-point plan, is an unconscionable obscenity.
November 22, 2025 at 1:15 AM
Reposted by Macronin
Been banging on about this for years.

As I said in 2017, “At some point, someone will have to tell those on middle incomes that they will have to pay more tax.”

flipchartfairytales.wordpress.com/2017/04/27/t...
Tax and ‘the rich’
One of the my favourite Spitting Image sketches features the Queen complaining about the behaviour of the rich, to which an exasperated Prince Philip replies, “You ARE the bloody rich!”…
flipchartfairytales.wordpress.com
November 22, 2025 at 8:11 AM
Their views of you literally ain’t worth shit. Like zero. Their comments should be ablated from your timeline, not passed on. Give them zero memory, which is what they deserve.
POV: you are a young woman celebrating a recent academic success
November 17, 2025 at 9:53 PM
Reposted by Macronin
Continuing his exploration into what Reform might be do as a national government, Sam looks into the difficulties already faced in local government. He also points out the challenge any party faces when options are so constrained. (£/free trial). samf.substack.com/p/the-realit...
The Reality Trap
Reform's struggles in local government
samf.substack.com
November 16, 2025 at 10:10 AM
Reposted by Macronin
New post just out:

"The Reality Trap"

On Reform's struggles running councils.

What it tells us about how they'd fare if they won a general elections. And about how broken our system of local government is.

(£/free trial)

open.substack.com/pub/samf/p/t...
The Reality Trap
Reform's struggles in local government
open.substack.com
November 16, 2025 at 9:06 AM
Reposted by Macronin
No! Come back! There's more!

We just revamped it so it's faster, more minimal and easier to use.

(Website reform turns out to be easier than tax reform)

taxpolicy.org.uk
November 16, 2025 at 10:32 AM
@rajakorman.bsky.social as a follow up to the French discussion, to the extent this is of interest, an output from a Gemini prompt:
November 16, 2025 at 10:37 AM
Need to stop talking about “Bayesian Inference” and “Entropy” around the house. The family is starting to lose it.
November 16, 2025 at 10:05 AM
Reposted by Macronin
With the US government absent from the COP30 global climate summit, it will be up to others to take action on climate change. Nature reports what can be done. 🧪
How to fight climate change without the US: a guide to global action
With the US government absent from the COP30 global climate summit, it will be up to others to avert catastrophe.
go.nature.com
November 16, 2025 at 2:29 AM
Younger daughter really enjoyed Freakonomics. Any suggestions for a similar grabby book to keep the momentum for her?
November 15, 2025 at 6:41 AM