Memento Mori.
London
Joined September 2014
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Pranav retweeted
the AMC employee when you and your buddy ask for the Dune 3 popcorn bucket with 20 pumps of butter and no popcorn
Pranav retweeted
A small business owner explains, in the simplest terms possible, why socialism doesn’t work. Ever. Great watch.
Pranav retweeted
Increasing the Bank Levy will make mortgages more expensive and the cost of living worse. Bankers are an easy target but it is also risky: banks in London already face a total tax rate of 46%, compared with 39% in Frankfurt and just 28% New York. Less profitable financial services = lower long term tax revenue
Pranav retweeted
Very punchy JP Morgan reaction to bank tax hike:
"...to single out this industry for additional taxes again, one of the UK's biggest generators of growth and jobs, lacks principle. It also overlooks that the banking industry operates in a highly competitive global marketplace.”
Pranav retweeted
Back in 2010, the minimum wage was £12,064 and the 'higher earner' band started at £43,875.
You only paid 40% tax once you were earning 3.6x the minimum wage.
There was clear incentive to progress, learn and aspire for more.
As things stand, you now start paying 40% tax once you earn £50,270 which is just 1.83x the minimum wage.
If it was the same multiple as 2010, the 'higher earning' band would be £98,841 and everyone below this amount would be paying 20%.
Someone on £98,841 is effectively losing out on £9714.20 net per year if the bandings had simply moved in line with previous multiples relative to minimum wage.
This is one of the reasons why the middle class is being eroded and why there's a cost of living crisis in the UK.
An increase to £13.20p/h equates to a minimum wage of £27,456, based on a 40 hour week.
Once you factor in employers NI and basic pension contributions, the MINIMUM cost to hire a 21 year old for a company would be £31,461.
This is before you factor in any overarching business costs like office space, laptops, phone, software, training, support staff, vehicles etc.
This is going to be devastating to SME's who cant put together a simple 12 month budget without the goalposts being moved & their margins squeezed.
It'll also be catastrophic to youngsters opportunities because businesses will simply not be able to afford to hire them.
What's also incredible is that anything above £50,270 is seen as 'high earnings' in the UK and is taxed at 40%!
We are governed by financially and economically illiterate morons.
This will not end well.
Pranav retweeted
@KateGoodlandx stop breaking phones with ur big ass ! Xx
Pranav retweeted
Time to post my biannual “how artificially compressed are British wages”.
Rising minimum wage and a 50k+ p/a tax bracket that runs to 40% of earnings, and hasn’t adjusted for inflation. This form of artificial wage compression has turned everyone in Britain into low productivity tax cattle - you have zero incentive to become anything other here.
This is also a form of ambition and productivity compression.
Source, ONS, Fig 5: ons.gov.uk/employmentandlabo…
Pranav retweeted
The major question in Brazil…
At exactly 5pm, a code is supposed to be entered that closes and locks the voting machines. Once a machine is locked, it can’t accept any more votes. It’s irreversible.
The Supreme Court extension was relayed a few minutes after polls were supposed to be closed and machines locked.
So… which machines were kept open? In what districts were those machines? And why weren’t they locked at 5pm?
Pranav retweeted
Exclusive:
The chancellor will use his budget this week to protect pensioners and those saving for their retirement as he announces plans to shield nearly one million people from paying income tax
John Healey is expected to confirm on Wednesday that the full state pension will rise by £489 to £13,036 - equivalent to 3.9%
However, the rise will push about one million people on low incomes who rely on the state pension above the £12,570 personal allowance threshold, meaning they would be dragged into paying income tax
To retain the principle that the state pension is not taxable, Healey is expected to announce a rise in the tax-free allowance for low-income pensioners to £13,036. The move will cost taxpayers £200m a year by 2030
It will rise in line with increases in the state pension over the course of this parliament. However, millions of pensioners with higher incomes - such as those who have private pensions - will still pay income tax
The Times has also been told that the chancellor has decided not to reduce the tax-free pension lump sum. Pension savers can take 25 per cent of their pension tax-free from the age of 55 up to a maximum of £268,275
There were suggestions that Healey could reduce the tax-free amount to £100,000, but he has chosen to retain the current level
The moves to protect pensioners and those saving for their retirement come after Andy Burnham announced plans to end the pensions triple lock - under which the state pension rises in line with inflation, wages or 2.5 per cent - in 2030 to help fund social care
thetimes.com/article/47291ec…
Pranav retweeted
Nope, that’s not how taxes and price works. The price is determined by demand and supply.
Companies charge the highest price they can given demand. A tax levied on *profits* does not affect a company’s cost ie supply.
Taxes on *windfall* profits (like oil and gas) are the most efficient kind of tax there is.
Readers added context they thought people might want to know
Corporate profit taxes do not directly shift marginal costs but empirical studies show partial pass-through into higher consumer prices. Windfall taxes on oil and gas have deterred investment and production in practice despite theoretical efficiency on rents.
dadun.unav.edu/server/api/cor…
ecb.europa.eu/pub/pdf/scpwps…
taxfoundation.org/blog/big-oil-p…
scottishfinancialreview.com/2025/09/03/win…
Pranav retweeted
It's the same pretty much everywhere with rent controls. A story from Berlin:
True in Spain too. Every landlord in Madrid and Barcelona screens the renters now. This is an obvious consequence of rent control. The most vulnerable, ostensible protected by the legislation, are in fact excluded from the rental market: if you cannot be evicted for non payment, then you are too risky a renter.
