* Posts by Nick Leaton

25 posts • joined 15 Aug 2009

The future of IT is – to deliver automation. Discuss

Nick Leaton

Automation is going to happen. The far more interesting thing is innovation

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So, was it really the Commies that caused the early 20th Century inequality collapse?

Nick Leaton

It's very simple.

The UK state takes the working poor's surplus income. National Insurance. it's surplus because the worker generates the money. It doesn't go on their services, its redistributed.

The result is the working poor end up where they started with no assets. They have a share of the state's debts, and 90% of those are pensions debts. They are 400K in the red.

The state pension is worth 105K. They are still in the red.

However if Mr Median had invested his NI in the FTSE all share with low charges free of taxation, he would have 840K in a fund. Mr Min wage, 400K. There wouldn't be any pension debts.

So when the working poor have been ripped off and have no assets, it's the socialist welfare state that is to blame.

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Post-pub nosh neckfiller: The Ugandan 'rolex'

Nick Leaton

Ugandan Rolex. Such a great name.

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Sydney adopts 'world's first' e-ink parking signs

Nick Leaton

I can see the defense.

The council changed the signs after I parked.

Case dismissed.

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The Hound of Hounslow: No $40m Wall Street wobbler

Nick Leaton

If you are trading an option series, when the underlying changes by 1 tick, half of your option prices change. You need to then pull the prices, and submit a load of new prices. It is in the nature of the game.

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So why the hell do we bail banks out?

Nick Leaton

Re: Fractional reserve

The regulator got it wrong.

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Nick Leaton

Re: And the Perpetrators

Because it was also a regulatory problem. The regulator sets the ratio.

Now ask why the state would leave off 9,200 bn from its debts, the pensions?

Yep, because MPs, any MPs would be dangling from the lampposts.

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Nick Leaton

Lehmans

Lehman Brothers was insolvent (probably, it had huge losses on some California real estate deals) as well as being illiquid

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Wrong. On Liquidation, the value obtained exceeded the liabilities. It was illiquid

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Beware of merging, telcos. CHEAPER SPECTRUM follows

Nick Leaton

But he was right in the way he constructed that auction. In fact that auction was one of the great triumphs of modern empirical microeconomics.

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Really? The telcos borrowed to buy. The telcos then took the interest charges off their profits, and the tax revenues dropped afterwards.

All Brown did was bring forward taxation, spent it, and then because he thought the good times would continue, carried on spending creating the deficit.

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Why a Robin Hood tax on filthy rich City types is the very LAST thing needed

Nick Leaton

Time for some damping

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It's not damping. It's throwing a spanner into the gears. That's what a FTT does.

Consider a clear example. Put a FTT on transactions such as withdrawing cash from an ATM. It fits the Robin Hood tax. Lots of money. Lots of transactions. Lets cream off a quid for each withdrawal, and there is lots of money for governments to spend or give away.

What problems can you see? What effects? I can see lots. But the Robin Hood lot can't. The reason being they want the FTT to apply to other people, and in a way that isn't transparent.

Make the tax transparent and clear for all to see, and it will be seen for what it is, bonkers.

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Gov IT write-off: Universal Credit system flushes £34m down toilet

Nick Leaton

So how much 34 million?

How much on the NHS system? That was in the billions.

34 million is like arguing about swatting a mosquito when in the back ground there is a herd of rampaging elephants about to run right over you. Remember, its the mosquito that's the important thing.

Now for the real issues

Why is the DWP spending 5% of all the money it administers each year on itself? Any finance company would love a 5% per annum charge.

Why aren't the pension debts reported? Actually that's quite an easy one. 6.5 trillion appearing on the books would blow the ponzi scam wide open.

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US: We spied on you Europeans but we can still be chums. Right?

Nick Leaton

They don't like it up 'em, do they?

Politicians, quite prepared to snoop on us, but when someone snoops on them, they go apeshit.

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Three's Irish network goes titsup

Nick Leaton

Three has been tits up in EC2 for ages. No action yet from them to fix it.

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Forget tax bills, here's how Google is really taking us all for a ride

Nick Leaton

Where to pay tax

Now for the follow up.

Where does the tax get paid?

1. Where we are?

2. Where the servers are?

3. Where the IP is owed?

4. To someone else?

1. We can switch data centers in 5 seconds.

2. A lot of this is Amazon's IP. Shouldn't the IP owner get a cut?

...

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Nick Leaton

You're wrong

You're wrong.

I'll give you one example. I've just worked on a project that used Amazon's cloud.

Hardware costs before were 1 million a year.

Putting it on the cloud dropped that to 80K.

That's without moving to spot instances (you bid for the machine) or reserved instances (you sign up for a year, two years for a cheaper rate).

That's not a fat cat in the middle. It's hard cash savings.

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Feeling poor? WHO took all your money? NOT capitalist bastards?

Nick Leaton

Re: Execuive Pay...

Really?

All I see is that the tax take has risen, which means the state is getting more of people's pay.

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Nick Leaton

http://www.ons.gov.uk/ons/dcp171766_263808.pdf

Try this paper.

4,700 billion's worth of debt missing from the government books, and that's not the only omission.

e.g Taxation with no services is the order of the day.

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Hong Kong plods turn RoboCop with strap-on vid cams

Nick Leaton

It's a double edged sword.

1. The citizen will do the same. End result, you compare the two videos. If the police video goes missing, cases will be lost.

2. Bad or criminal behaviour by the police and no action, removes the trust in the police rapidly.

For example, Tomlinson. OK - policeman is a thug who killed someone. What's more worrying is his colleages who kept their mouths shut. Only when the video comes out, do we find out.

3. Criminal cases. Defence says, give us the video. Police won't. End result acquital if the video isn't available.

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Google may face grilling by MPs over 'immoral' tax avoidance

Nick Leaton

Re: Correction

That's what the current set up is. You offset all your expenses against your income. You pay tax on the difference. That difference is called profit.

Now how about taxing BMW on their profits. They are paying their tax in Germany, not in the UK.

Mind you, the Germans might decide they can raise tax from Rolls-Royce.

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ICO power to stop FOI dodgers 'some way off'

Nick Leaton

Solution

The solution is easy. Come implementation, resubmit the FOI. Then if they delay, they get done.

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ACPO defuses impending photo row with police forces

Nick Leaton

Police making the law up

Since when did the police decide on what the law is?

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Courts bar dodgy documents from divorce cases

Nick Leaton

Inland Revenue

It will also deal with the Inland Revenue buying stolen documents from overseas in tax cases.

SInce they've bought documents already, and presumably paid for them, its quite funny to find they can't use them.

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Commons slapped for FoI fastidiousness

Nick Leaton

Easy solution

If they had ruled in favour of the commons, then all you need is to have everyone on whatdotheyknow put in requests for the printed information.

The commons couldn't refuse after all. Committed by the first response, its then damned because every other request is for information not in the public domain.

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Pure Sensia widget-running DAB radio

Nick Leaton

What's missing?

It's missing a webcam. With a web cam you could have skype.

That's the missing feature, otherwise it almost makes my "I covert it list"

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IT Crowd writer defends NHS

Nick Leaton

Deaths

20,000+ deaths a year caused by errors in the NHS. Year on year.

Forget the US knowing about it. How about the UK citizen and customer.

Source - NHS

Nick

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