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	<title>Comments on: Funding the new economics foundation</title>
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	<link>http://timworstall.com/2009/07/01/funding-the-new-economics-foundation/</link>
	<description>It is all obvious or trivial except...</description>
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		<title>By: Today&#8217;s drivel &#171; Peter&#39;s Place</title>
		<link>http://timworstall.com/2009/07/01/funding-the-new-economics-foundation/comment-page-1/#comment-40702</link>
		<dc:creator>Today&#8217;s drivel &#171; Peter&#39;s Place</dc:creator>
		<pubDate>Sat, 13 Feb 2010 11:13:07 +0000</pubDate>
		<guid isPermaLink="false">http://timworstall.com/?p=8254#comment-40702</guid>
		<description>[...] Tim points out, this gibberish is at least partly funded by the tax [...]</description>
		<content:encoded><![CDATA[<p>[...] Tim points out, this gibberish is at least partly funded by the tax [...]</p>
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		<title>By: nef</title>
		<link>http://timworstall.com/2009/07/01/funding-the-new-economics-foundation/comment-page-1/#comment-33054</link>
		<dc:creator>nef</dc:creator>
		<pubDate>Wed, 05 Aug 2009 08:15:23 +0000</pubDate>
		<guid isPermaLink="false">http://timworstall.com/?p=8254#comment-33054</guid>
		<description>what are you talking about our £600,000,is nothing compared with labours overspend and debt of £900bn.

it should just be forgotten about.</description>
		<content:encoded><![CDATA[<p>what are you talking about our £600,000,is nothing compared with labours overspend and debt of £900bn.</p>
<p>it should just be forgotten about.</p>
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		<title>By: Jeremy Poynton</title>
		<link>http://timworstall.com/2009/07/01/funding-the-new-economics-foundation/comment-page-1/#comment-33052</link>
		<dc:creator>Jeremy Poynton</dc:creator>
		<pubDate>Wed, 05 Aug 2009 07:31:29 +0000</pubDate>
		<guid isPermaLink="false">http://timworstall.com/?p=8254#comment-33052</guid>
		<description>This is how the Labour Party works - subversion from within. And we are now seeing the results, most of all in an education system that it beyond repair, and a society that has fractured appallingly in the past 12 years. 

It will take at least two generations to fix the disaster that New Labour  is. I say that as one who voted Labour from his first vote in 1970 until Iraq.  Never again. 1997 was a silent putsch, by traitors to the UK.</description>
		<content:encoded><![CDATA[<p>This is how the Labour Party works &#8211; subversion from within. And we are now seeing the results, most of all in an education system that it beyond repair, and a society that has fractured appallingly in the past 12 years. </p>
<p>It will take at least two generations to fix the disaster that New Labour  is. I say that as one who voted Labour from his first vote in 1970 until Iraq.  Never again. 1997 was a silent putsch, by traitors to the UK.</p>
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		<title>By: The Daily Dozen: Tuesday&#160;</title>
		<link>http://timworstall.com/2009/07/01/funding-the-new-economics-foundation/comment-page-1/#comment-33049</link>
		<dc:creator>The Daily Dozen: Tuesday&#160;</dc:creator>
		<pubDate>Tue, 04 Aug 2009 23:34:51 +0000</pubDate>
		<guid isPermaLink="false">http://timworstall.com/?p=8254#comment-33049</guid>
		<description>[...] Jonathan Sheppard is mugged&#8230;by the Royal Mail.2. Tim Worstall on the funding of the New Economics Foundation&#8230; by you.3. Liberal England is unimpressed by [...]</description>
		<content:encoded><![CDATA[<p>[...] Jonathan Sheppard is mugged&#8230;by the Royal Mail.2. Tim Worstall on the funding of the New Economics Foundation&#8230; by you.3. Liberal England is unimpressed by [...]</p>
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		<title>By: So Much For Subtlety</title>
		<link>http://timworstall.com/2009/07/01/funding-the-new-economics-foundation/comment-page-1/#comment-31468</link>
		<dc:creator>So Much For Subtlety</dc:creator>
		<pubDate>Thu, 02 Jul 2009 03:54:18 +0000</pubDate>
		<guid isPermaLink="false">http://timworstall.com/?p=8254#comment-31468</guid>
		<description>Andrew Simms may have not completed his degree (and at the LSE too!) but on the other hand one of his senior research associated is called Tarquin Biscuit-Barrel.  Or more accurately Tarquin Fin-tim-lin-bin-whin-bim-lim-bus-stop-F&#039;tang-F&#039;tang-Olé-Biscuitbarrel.  

Which suggests he is not only a dweeb, but an unoriginal one at that.</description>
		<content:encoded><![CDATA[<p>Andrew Simms may have not completed his degree (and at the LSE too!) but on the other hand one of his senior research associated is called Tarquin Biscuit-Barrel.  Or more accurately Tarquin Fin-tim-lin-bin-whin-bim-lim-bus-stop-F&#8217;tang-F&#8217;tang-Olé-Biscuitbarrel.  </p>
<p>Which suggests he is not only a dweeb, but an unoriginal one at that.</p>
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		<title>By: David Gillies</title>
		<link>http://timworstall.com/2009/07/01/funding-the-new-economics-foundation/comment-page-1/#comment-31467</link>
		<dc:creator>David Gillies</dc:creator>
		<pubDate>Thu, 02 Jul 2009 01:51:15 +0000</pubDate>
		<guid isPermaLink="false">http://timworstall.com/?p=8254#comment-31467</guid>
		<description>Ian B is pretty much spot on. A real shake up of the system is needed. The Charities Commission is not at present fit for purpose and should be wound up and replaced with a body with a lot more teeth, under a substantially narrowed remit.

In the present climate, there is plenty of political climate to de-fund the astroturf charities like ASH, which are basically NuLab proxies used for kite-flying whenever a new chunk of illiberal legislation needs a fig-leaf. I&#039;m sure there&#039;s a few billion sloshing around there that George Osborne could trouser. It would go a long way towards draining the Gramscian swamp, too, given how infested these pseudo-charities are with Gordon&#039;s cronies. If charities were enjoined to restrict their activities strictly to education (real education, not &#039;consciousness-raising&#039;) and alleviation of distress, the crisis in charitable giving would be ended at a stroke.</description>
		<content:encoded><![CDATA[<p>Ian B is pretty much spot on. A real shake up of the system is needed. The Charities Commission is not at present fit for purpose and should be wound up and replaced with a body with a lot more teeth, under a substantially narrowed remit.</p>
<p>In the present climate, there is plenty of political climate to de-fund the astroturf charities like ASH, which are basically NuLab proxies used for kite-flying whenever a new chunk of illiberal legislation needs a fig-leaf. I&#8217;m sure there&#8217;s a few billion sloshing around there that George Osborne could trouser. It would go a long way towards draining the Gramscian swamp, too, given how infested these pseudo-charities are with Gordon&#8217;s cronies. If charities were enjoined to restrict their activities strictly to education (real education, not &#8216;consciousness-raising&#8217;) and alleviation of distress, the crisis in charitable giving would be ended at a stroke.</p>
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		<title>By: Andrew K</title>
		<link>http://timworstall.com/2009/07/01/funding-the-new-economics-foundation/comment-page-1/#comment-31466</link>
		<dc:creator>Andrew K</dc:creator>
		<pubDate>Thu, 02 Jul 2009 00:55:29 +0000</pubDate>
		<guid isPermaLink="false">http://timworstall.com/?p=8254#comment-31466</guid>
		<description>Mr Simms is remarkably reticent about his qualifications as an economist.  His potted biography on the nef website merely states that &quot;Andrew studied at the LSE.&quot;  He has never provided an answer to the question &quot;with what result?&quot; though admittedly my query was somewhat intemperate.  His economics credentials would appear to be as suspect as his scientific ones.

nef&#039;s last published accounts (for the year ended 30th June 2008)  indicate that one member of staff was remunerated at a rate between £60,000 and £70,000 per annum (the same as for the previous year).  I would imagine that this is Mr Simms living modestly.

I have seen Mr Simms speak.  There&#039;s good money in charlatanry.</description>
		<content:encoded><![CDATA[<p>Mr Simms is remarkably reticent about his qualifications as an economist.  His potted biography on the nef website merely states that &#8220;Andrew studied at the LSE.&#8221;  He has never provided an answer to the question &#8220;with what result?&#8221; though admittedly my query was somewhat intemperate.  His economics credentials would appear to be as suspect as his scientific ones.</p>
<p>nef&#8217;s last published accounts (for the year ended 30th June 2008)  indicate that one member of staff was remunerated at a rate between £60,000 and £70,000 per annum (the same as for the previous year).  I would imagine that this is Mr Simms living modestly.</p>
<p>I have seen Mr Simms speak.  There&#8217;s good money in charlatanry.</p>
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		<title>By: Dennis The Peasant</title>
		<link>http://timworstall.com/2009/07/01/funding-the-new-economics-foundation/comment-page-1/#comment-31465</link>
		<dc:creator>Dennis The Peasant</dc:creator>
		<pubDate>Thu, 02 Jul 2009 00:16:46 +0000</pubDate>
		<guid isPermaLink="false">http://timworstall.com/?p=8254#comment-31465</guid>
		<description>I wonder if any of the subs are in tax havens?

Hope so, personally.</description>
		<content:encoded><![CDATA[<p>I wonder if any of the subs are in tax havens?</p>
<p>Hope so, personally.</p>
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		<title>By: Georges</title>
		<link>http://timworstall.com/2009/07/01/funding-the-new-economics-foundation/comment-page-1/#comment-31463</link>
		<dc:creator>Georges</dc:creator>
		<pubDate>Wed, 01 Jul 2009 17:36:16 +0000</pubDate>
		<guid isPermaLink="false">http://timworstall.com/?p=8254#comment-31463</guid>
		<description>@Mark, thank you for the kindly answer.

Your answer, of course, begs the question as to the status of nef&#039;s subsidiaries and how/why the funds are xfer&#039;d.....</description>
		<content:encoded><![CDATA[<p>@Mark, thank you for the kindly answer.</p>
<p>Your answer, of course, begs the question as to the status of nef&#8217;s subsidiaries and how/why the funds are xfer&#8217;d&#8230;..</p>
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		<title>By: Ian B</title>
		<link>http://timworstall.com/2009/07/01/funding-the-new-economics-foundation/comment-page-1/#comment-31461</link>
		<dc:creator>Ian B</dc:creator>
		<pubDate>Wed, 01 Jul 2009 17:10:57 +0000</pubDate>
		<guid isPermaLink="false">http://timworstall.com/?p=8254#comment-31461</guid>
		<description>The legal recognition of &quot;charities&quot; ought to be abolished, period. They&#039;re all up to their necks in lobbying and politics and always have been.</description>
		<content:encoded><![CDATA[<p>The legal recognition of &#8220;charities&#8221; ought to be abolished, period. They&#8217;re all up to their necks in lobbying and politics and always have been.</p>
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		<title>By: Mark Wadsworth</title>
		<link>http://timworstall.com/2009/07/01/funding-the-new-economics-foundation/comment-page-1/#comment-31460</link>
		<dc:creator>Mark Wadsworth</dc:creator>
		<pubDate>Wed, 01 Jul 2009 16:26:08 +0000</pubDate>
		<guid isPermaLink="false">http://timworstall.com/?p=8254#comment-31460</guid>
		<description>@ Georges, if a &#039;charity&#039; has a trading subsidiary, the trade profits of the subsidiary are basically taxable, BUT that subsidiary can reduce its taxable profits to nil by making a &#039;charitable donation&#039; of the full amount to its parent &#039;charity&#039;. 

As it happens, any trading company can reduce its taxable profits by the amount of charitable donations it makes.</description>
		<content:encoded><![CDATA[<p>@ Georges, if a &#8216;charity&#8217; has a trading subsidiary, the trade profits of the subsidiary are basically taxable, BUT that subsidiary can reduce its taxable profits to nil by making a &#8216;charitable donation&#8217; of the full amount to its parent &#8216;charity&#8217;. </p>
<p>As it happens, any trading company can reduce its taxable profits by the amount of charitable donations it makes.</p>
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		<title>By: Georges</title>
		<link>http://timworstall.com/2009/07/01/funding-the-new-economics-foundation/comment-page-1/#comment-31455</link>
		<dc:creator>Georges</dc:creator>
		<pubDate>Wed, 01 Jul 2009 14:11:20 +0000</pubDate>
		<guid isPermaLink="false">http://timworstall.com/?p=8254#comment-31455</guid>
		<description>Sounds as though nef is a bit of a &quot;secrecy jurisdiction&quot;. Does the money from the four centres, which is kicked upstairs, qualify as some sort of transfer payment amongst related subsidiaries?

Any special tax treatments for doing things in this &quot;murky&quot; fashion?</description>
		<content:encoded><![CDATA[<p>Sounds as though nef is a bit of a &#8220;secrecy jurisdiction&#8221;. Does the money from the four centres, which is kicked upstairs, qualify as some sort of transfer payment amongst related subsidiaries?</p>
<p>Any special tax treatments for doing things in this &#8220;murky&#8221; fashion?</p>
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		<title>By: Kit</title>
		<link>http://timworstall.com/2009/07/01/funding-the-new-economics-foundation/comment-page-1/#comment-31454</link>
		<dc:creator>Kit</dc:creator>
		<pubDate>Wed, 01 Jul 2009 13:48:40 +0000</pubDate>
		<guid isPermaLink="false">http://timworstall.com/?p=8254#comment-31454</guid>
		<description>The rules on charities have to change. It is morally wrong for governments to fund advocacy groups. I&#039;m sure the left will be up in arms if the incoming Tory government starts funding the IEA or the ASI.</description>
		<content:encoded><![CDATA[<p>The rules on charities have to change. It is morally wrong for governments to fund advocacy groups. I&#8217;m sure the left will be up in arms if the incoming Tory government starts funding the IEA or the ASI.</p>
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		<title>By: The Great Simpleton</title>
		<link>http://timworstall.com/2009/07/01/funding-the-new-economics-foundation/comment-page-1/#comment-31451</link>
		<dc:creator>The Great Simpleton</dc:creator>
		<pubDate>Wed, 01 Jul 2009 13:27:49 +0000</pubDate>
		<guid isPermaLink="false">http://timworstall.com/?p=8254#comment-31451</guid>
		<description>&quot;It’s a fair cop, chaps. Careless talk costs lives and I should have thought through what I was posting before pressing submit.&quot;

A bit more thought before pressing the submit buton on your reports would be appreciated as well.</description>
		<content:encoded><![CDATA[<p>&#8220;It’s a fair cop, chaps. Careless talk costs lives and I should have thought through what I was posting before pressing submit.&#8221;</p>
<p>A bit more thought before pressing the submit buton on your reports would be appreciated as well.</p>
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		<title>By: Ian Bennett</title>
		<link>http://timworstall.com/2009/07/01/funding-the-new-economics-foundation/comment-page-1/#comment-31449</link>
		<dc:creator>Ian Bennett</dc:creator>
		<pubDate>Wed, 01 Jul 2009 13:21:26 +0000</pubDate>
		<guid isPermaLink="false">http://timworstall.com/?p=8254#comment-31449</guid>
		<description>&quot;I should have thought through what I was posting before pressing submit.&quot;

That&#039;s like saying an MP that he&#039;s paid back his illegally-claimed expenses after having been found out, so everything&#039;s fine. You told us that you&#039;re not plundering our tax money even though you knew it was a blatant lie.</description>
		<content:encoded><![CDATA[<p>&#8220;I should have thought through what I was posting before pressing submit.&#8221;</p>
<p>That&#8217;s like saying an MP that he&#8217;s paid back his illegally-claimed expenses after having been found out, so everything&#8217;s fine. You told us that you&#8217;re not plundering our tax money even though you knew it was a blatant lie.</p>
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		<title>By: Mark Wadsworth</title>
		<link>http://timworstall.com/2009/07/01/funding-the-new-economics-foundation/comment-page-1/#comment-31442</link>
		<dc:creator>Mark Wadsworth</dc:creator>
		<pubDate>Wed, 01 Jul 2009 12:27:14 +0000</pubDate>
		<guid isPermaLink="false">http://timworstall.com/?p=8254#comment-31442</guid>
		<description>I did nef &lt;a href=&quot;http://markwadsworth.blogspot.com/2009/04/this-weeks-fakecharity-round-up.html&quot; rel=&quot;nofollow&quot;&gt;back in April&lt;/a&gt;.</description>
		<content:encoded><![CDATA[<p>I did nef <a href="http://markwadsworth.blogspot.com/2009/04/this-weeks-fakecharity-round-up.html" rel="nofollow">back in April</a>.</p>
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		<title>By: Sam</title>
		<link>http://timworstall.com/2009/07/01/funding-the-new-economics-foundation/comment-page-1/#comment-31440</link>
		<dc:creator>Sam</dc:creator>
		<pubDate>Wed, 01 Jul 2009 12:12:05 +0000</pubDate>
		<guid isPermaLink="false">http://timworstall.com/?p=8254#comment-31440</guid>
		<description>It&#039;s a fair cop, chaps. Careless talk costs lives and I should have thought through what I was posting before pressing submit.</description>
		<content:encoded><![CDATA[<p>It&#8217;s a fair cop, chaps. Careless talk costs lives and I should have thought through what I was posting before pressing submit.</p>
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		<title>By: Kay Tie</title>
		<link>http://timworstall.com/2009/07/01/funding-the-new-economics-foundation/comment-page-1/#comment-31439</link>
		<dc:creator>Kay Tie</dc:creator>
		<pubDate>Wed, 01 Jul 2009 11:52:49 +0000</pubDate>
		<guid isPermaLink="false">http://timworstall.com/?p=8254#comment-31439</guid>
		<description>&quot;Which is just as well as I was not going to be as polite&quot;

Err, nor me.</description>
		<content:encoded><![CDATA[<p>&#8220;Which is just as well as I was not going to be as polite&#8221;</p>
<p>Err, nor me.</p>
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		<title>By: Kit</title>
		<link>http://timworstall.com/2009/07/01/funding-the-new-economics-foundation/comment-page-1/#comment-31438</link>
		<dc:creator>Kit</dc:creator>
		<pubDate>Wed, 01 Jul 2009 11:51:19 +0000</pubDate>
		<guid isPermaLink="false">http://timworstall.com/?p=8254#comment-31438</guid>
		<description>Just as I was about to vent my spleen on the other post you go and post this! (Which is just as well as I was not going to be as polite)</description>
		<content:encoded><![CDATA[<p>Just as I was about to vent my spleen on the other post you go and post this! (Which is just as well as I was not going to be as polite)</p>
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