Several items that caught my attention in today's papers.
First, the LibDems who live on the planet 'Ming have declared they are going to super-tax the super-rich, which is anyone earning over £70,000. They don't appear to have grasped that one reason the UK economy does so well is that this is a popular domicile for billionaire businessmen and football club owners who bring their money with them, in return for a compromise with the tax man. It's not fair, I know but the alternative is that they go and live elsewhere, leaving us to live with rather less investment and interest on their mega-bucks. This kind of theory of wealth distribution simply doesn't work in the global economy of the 21st century.
The other news item which interests me this morning, is Alan Greenspan, the ex-head of the US Federal Reserve, forecasting gloom and doom for the UK economy and "difficulties" ahead for UK home owners, as rising interest rates bring house price growth to a shuddering halt.
The 81-year-old economist, an adviser to Gordon Brown, said that recent increases in house prices - particularly those in London and the South East - were unsustainable
While providing some reassurance about Britain's prospects in the coming decades, saying it will be one of the best-performing Western economies, thanks to the Thatcherite reforms of the 1980s and the strength of the City he also points out tht Britain must overhaul its flagging education system or risk being left behind by other vibrant economies around the world.
Now if you listen to government, you would think we had the best education system in the world but if you listen to the CBI, teachers and university professors, you'll hear that we are sliding quite rapidly down the league tables and will soon be down there with the eastern Mediterranean on an equivalence basis. Time to wake-up and learn Cantonese I think!
Finally, the government has admitted that more than a million pounds a month in child benefit is going to youngsters who live in Eastern Europe.
The money is being paid out to 14,000 Eastern European nationals who claim for offspring living in their home countries.
It is the first time the Government has acknowledged that the payments - funded by British taxpayers - are going abroad.
Even larger sums in tax credits for children are thought to be paid to recent migrants from Eastern Europe but ministers insist that total figures are 'not available'.
Later this morning I'm going down to the benefit office to claim for my six children in various EU countries abroad. I have a hand-written letter from each of their mothers - in their native language - attesting to the fact that I am the father, which should be enough!