15 April 2023
Some billionaires are apparently getting irritated when they’re called “billionaires” and Jay-Z, the rapper and businessman, has said “they started inventing words like ‘capitalist’ and things like that”. If he actually believes ‘capitalist’ was invented to insult billionaires, there’s proof you don’t have to be clever to make money.
Elon Musk provided further evidence this week in an interview with the BBC’s James Clayton. Musk had asked Twitterers if he should stand down as its CEO and they said yes, he should. When asked about this by Clayton, Musk said “I did stand down, I keep telling you I’m not the CEO of Twitter, my dog is the CEO of Twitter.”
Even back in 2019, before Russia’s war on Ukraine and covid had made even more billionaires, the former Starbuck CEO Howard Schultz thought the word was “unfair” and wanted people to call them ‘people of means’ or ‘people of wealth’. It doesn’t seem to have occurred to them that, if they shared their wealth with those who need it, they could avoid the entire problem. After all, who can possibly ‘need’ a billion?
Darren Woods might be one. As CEO of Exxon, he’s just raked in nearly £29m, 52% more than the previous year, because Russia’s war on Ukraine increased oil prices. The company confirmed the war had “delivered exceptional business results” for the company under Woods’ leadership. Talk about damning with faint praise.
Our local newspaper reported that new census figures show the number of empty homes hereabouts has risen in the last decade. We have a lot of ghost villages where a large proportion of the houses are used as holiday homes by people who honour us with their presence and large bags of shopping from Islington’s Sainsburys from time to time. All of which means that local shops, post offices, pubs and other facilities lose the business they used to get from residents and are forced to close.
Meanwhile the Institute of Public Policy Research said that the shortage of homes has led to increases in rent, as if there were some sort of connection. Surely if I’ve bought a property and want a return of x% on what I paid for it, I fix the rent to give me that and don’t need to increase the rent as windfall gains increase the property’s value?
The NHS 111 helpline is a great headline for politicians but (spoiler alert) it’s underfunded. Analysis by the House of Commons library, commissioned by the Liberal Democrats, has shown that more than 10,000 calls to the helpline were abandoned every day in 2022 because people got fed up with hanging on. And, after seven years’ training, junior doctors get £14 an hour. After rather less training, our gardener gets £22 an hour.
People who think being rich is important are now running private care companies because the state doesn’t support older people needing care. Let’s face it, they know for 90 years exactly when somebody is going to be 90 and likely to need extra care, and the chances they will live to be 90. But it’s expensive and no government of any colour seems willing to start funding so carers’ savings have to be transferred to privateers.
To make my bias clear, I must declare a personal interest here: today is the 10th anniversary of my wife’s stroke. We pay for a carer to come in for ¾ hour every morning to help me get her up and I do everything else.
The NHS does provide very good short-term emergency support but not ongoing care so we have to use a private agency and, from the £30 they charge us for that 45 minutes, £10 goes straight into the owners’ pockets. The same sort of money goes to the owners of residential homes for respite care and I’m now looking for a good residential home run by a charity so at least the money goes back into the service.
During normal lives, private healthcare is a choice (for some people), not a necessity. If you are suddenly disabled by, say, a stroke, there is no choice and you have to pay through the nose.
We’re lucky because we can afford it, at least while we’ve still got some savings left, but what about the families who can’t? Let’s nationalise all homecare and residential care companies and feed profits back into the service.
Suella Braverman’s racism has finally been called out by the Tory peer Sayeeda Warsi who said on Thursday “Whether this consistent use of racist rhetoric is strategy or incompetence, however, doesn’t matter. Both show she is not fit to hold high office.”
For obvious reasons, white Tory grandees had been reluctant to accuse Braverman of racism but, once Warsi had opened the door, it became clear how many friends Braverman hasn’t got.
And here’s a beauty tip from the model Bella Hadid: “If you remove eyebrowswith something like a razor, the rumours are true – it’s really unlikely that they will fully grow back.” Ho yerss? Doesn’t work on my chin.
