Great blog! I think the highest leverage move for the UK could be building out classified compute capacity, I wrote more detail about how and why here: https://substack.com/home/post/p-210896992
Isn’t interesting piece. But the word ‘money’ was hard to find! Budget made an appearance but little thought about that.
We can’t do anything as a nation without first having sufficient money flowing to fund all you want.
I’m happy with a task force. We need to monitor the best advances and see what impact that may have. But funding everything is lost the excitement.
‘leverage’ was an interesting choice if word.
Of course we need better it at least as good as the best innovation and ingenuity that comes from AI across the world. That’s obvious so a herd for a government monitoring group and influencer in charge is a great need.
But I first think of ‘leverage’ being the banks ability to supply enough credit (or rather debt) to fund such a need as your piece explains. From power infrastructure to new inventions and subsequent implementation by us for us.
But, without thinking about funding you’ve missed a crucial step. And do guilty of the failure of our government.
If you want extra funding from an already limited budget then standing in that queue will probably put you at the back! Despite it being a crucial need going forward.
In needing funding you are inevitably taking money from another need! AI still isn’t repaying its investments let alone making profit sufficient to grow our economy.
This type of wishful thinking is therefore redundant before it gets going. It’s naive to assume it can be achieved alone.
The trouble we have is, we limit the natural flow of freely spent money.
By allowing money itself to be held onto by the rich earners, businesses and vast wealth funds, pension funds, indeed anyone or anything that holds money without SPENDING it are to blame. The worst being the Banks!
They withhold money and flow from the rotation and revolving of money through our hands and between us.
The best form of investment is the natural selection formed by normal people who just SPEND their money in the same time frame as receiving it.
The passing in of money from SPENDING it is the way we all earn money and pass on that money to others and keeping the fruits of that process is the ‘wealth’ we make for ourselves.
The problem comes when banks who rake our money and prevent it being passed on are involved. They leverage vast unspent sums to fill our companies and businesses as well as us with indebted money! Not freely SPENT and received money.
It’s this type of damming off of money that is the architect of our debt ridden underperforming economy and its insufficient supply of tax take.
We gave to suffer this. Hence we get insufficient flow and insufficient tax revenue.
It’s not rocket science! Our greed to want to keep money makes the rest devoid of it! And if you’ve got too little money glue and too little tax take as a result then no wonder we’re in the toilet!
We need to take the heat out of money. Look at it as just a token fir full and fair immediate exchange of work for the work of others in the same time frame and suddenly you can see that the exponential supply of free money resupply for everyone instead of the few we can suddenly realise that growth from this to optimum economic production.
Unspent money isn’t even taxed!
Our whole tax system is based on money moving. Not from money idle. Unused unspent and hoarded.
When an employer spends on the wages of their employee income tax and Nic are triggered! From SPENDING!!!!
So if tax comes via SPENDING then surely growth has to come from more SPENDING by getting more if the money that’s not being SPENT to finally be…..SPENT!?
Not from insufficient money flow from an insufficient pot. But from a full pit of money being SPENT.
That’s how to get surpluses! We can’t do what you say without a surplus in government coffers.
Come on let’s discuss this fact on this great platform.
I offer an alternative proposal here: https://sotaletters.substack.com/p/how-to-be-an-ai-superpower
Great blog! I think the highest leverage move for the UK could be building out classified compute capacity, I wrote more detail about how and why here: https://substack.com/home/post/p-210896992
Isn’t interesting piece. But the word ‘money’ was hard to find! Budget made an appearance but little thought about that.
We can’t do anything as a nation without first having sufficient money flowing to fund all you want.
I’m happy with a task force. We need to monitor the best advances and see what impact that may have. But funding everything is lost the excitement.
‘leverage’ was an interesting choice if word.
Of course we need better it at least as good as the best innovation and ingenuity that comes from AI across the world. That’s obvious so a herd for a government monitoring group and influencer in charge is a great need.
But I first think of ‘leverage’ being the banks ability to supply enough credit (or rather debt) to fund such a need as your piece explains. From power infrastructure to new inventions and subsequent implementation by us for us.
But, without thinking about funding you’ve missed a crucial step. And do guilty of the failure of our government.
If you want extra funding from an already limited budget then standing in that queue will probably put you at the back! Despite it being a crucial need going forward.
In needing funding you are inevitably taking money from another need! AI still isn’t repaying its investments let alone making profit sufficient to grow our economy.
This type of wishful thinking is therefore redundant before it gets going. It’s naive to assume it can be achieved alone.
The trouble we have is, we limit the natural flow of freely spent money.
By allowing money itself to be held onto by the rich earners, businesses and vast wealth funds, pension funds, indeed anyone or anything that holds money without SPENDING it are to blame. The worst being the Banks!
They withhold money and flow from the rotation and revolving of money through our hands and between us.
The best form of investment is the natural selection formed by normal people who just SPEND their money in the same time frame as receiving it.
The passing in of money from SPENDING it is the way we all earn money and pass on that money to others and keeping the fruits of that process is the ‘wealth’ we make for ourselves.
The problem comes when banks who rake our money and prevent it being passed on are involved. They leverage vast unspent sums to fill our companies and businesses as well as us with indebted money! Not freely SPENT and received money.
It’s this type of damming off of money that is the architect of our debt ridden underperforming economy and its insufficient supply of tax take.
We gave to suffer this. Hence we get insufficient flow and insufficient tax revenue.
It’s not rocket science! Our greed to want to keep money makes the rest devoid of it! And if you’ve got too little money glue and too little tax take as a result then no wonder we’re in the toilet!
We need to take the heat out of money. Look at it as just a token fir full and fair immediate exchange of work for the work of others in the same time frame and suddenly you can see that the exponential supply of free money resupply for everyone instead of the few we can suddenly realise that growth from this to optimum economic production.
Unspent money isn’t even taxed!
Our whole tax system is based on money moving. Not from money idle. Unused unspent and hoarded.
When an employer spends on the wages of their employee income tax and Nic are triggered! From SPENDING!!!!
So if tax comes via SPENDING then surely growth has to come from more SPENDING by getting more if the money that’s not being SPENT to finally be…..SPENT!?
Not from insufficient money flow from an insufficient pot. But from a full pit of money being SPENT.
That’s how to get surpluses! We can’t do what you say without a surplus in government coffers.
Come on let’s discuss this fact on this great platform.