Trolley 768

Captured in the Kokoro Passage, next to a reasonably serious hole in the pavement outside the gym, something to do with Thames Water as I recall. One of a number of water holes in and around town over the past week or so.

Returned to the M&S food hall where I failed to buy the sort of pork I wanted for my lunch, so off to Waitrose where they could do another bit of the pork fillet they fail to call tenderloin.

The first of three helpings of lunch - BH being out and about. Start the pork in a little butter. Then onion. Then left over brown rice and white cabbage. A little water. Then mushroom. Possibly taken with a little bread. Certainly taken with an orange for dessert, this being visible top right. A rather good orange, as it happens, from Sainsbury's, this despite its being a (thin skinned) navel orange, these last having recently reappeared. Must be their time of year.

All very satisfactory and followed by a substantial snooze.

While waking this (Friday) morning it is the turn of the economy. First, if one raises taxes to pay for more health, that will probably ripple through to transfer both resources and activity from the discretionary purchase sector of the economy to the health sector of the economy. Which, inter alia, is likely to make for difficulties in the hospitality, holiday and booze trades. But neutral in GDP terms? Second, if one allows farmers the perk of tax-free inheritance of farms, the influx of mobile capital will mean that the price of farms is likely to rise above the level which sensibly reflects the level of return on farming proper. Which is likely to make it difficult to be an entry-level farmer without capital of one's own. Which I would have thought in the longer term is likely to consolidate farming in the hands of the big farmcos which don't have inheritance tax to bother about anyway. But a rather speculative thought, which maybe someone who actually knows something about the money end of the farming business would correct?

References

Reference 1: https://psmv5.blogspot.com/2024/11/trolley-767.html.

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