Reck B Posted June 9, 2010 Share Posted June 9, 2010 just rambling here, so don't go thinking I'm a nut-job... Lets say for arguments sake it works out at £22k each. Facts The debt has to be repaid, We have to repay the debt The sooner the debt is repaid the better Could people be incentivised to pay their £22k now, rather than over a period of many years through higher tax rates? Ok, so this will never happen but could it feasably work? What incentives could be given for 'taking one for the team'? How many people could pay their "national debt contribution" up front? Would you if the incentive was right? Public sector fat cats could be targetted thus "pay your £22k now and you can keep your job, (albeit at -25% your current salary )" I'd pay it for a plot of land and no planning restrictions. Quote Link to comment Share on other sites More sharing options...
Danny Deflation Posted June 9, 2010 Share Posted June 9, 2010 just rambling here, so don't go thinking I'm a nut-job... Lets say for arguments sake it works out at £22k each. Facts The debt has to be repaid, We have to repay the debt The sooner the debt is repaid the better Could people be incentivised to pay their £22k now, rather than over a period of many years through higher tax rates? Ok, so this will never happen but could it feasably work? What incentives could be given for 'taking one for the team'? How many people could pay their "national debt contribution" up front? Would you if the incentive was right? Public sector fat cats could be targetted thus "pay your £22k now and you can keep your job, (albeit at -25% your current salary )" I'd pay it for a plot of land and no planning restrictions. Hmmmm. I think you might actually be on to something there. Needs to bit of tweaking. Maybe everyone has to repay, say, half their annual income. So if you're on 12K per year, you repay 6K over 3 years. Some public sector gravy train parasite earning 120K per year, will repay 60K. Same for city bankers. Quote Link to comment Share on other sites More sharing options...
RufflesTheGuineaPig Posted June 9, 2010 Share Posted June 9, 2010 just rambling here, so don't go thinking I'm a nut-job...Lets say for arguments sake it works out at £22k each. Facts The debt has to be repaid, We have to repay the debt The sooner the debt is repaid the better Could people be incentivised to pay their £22k now, rather than over a period of many years through higher tax rates? Ok, so this will never happen but could it feasably work? What incentives could be given for 'taking one for the team'? How many people could pay their "national debt contribution" up front? Would you if the incentive was right? Public sector fat cats could be targetted thus "pay your £22k now and you can keep your job, (albeit at -25% your current salary )" I'd pay it for a plot of land and no planning restrictions. All the countrys "wealth" is locked up in housing. Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted June 9, 2010 Share Posted June 9, 2010 Liebours child poverty busting legacy. We'll give you a £250 in a child trust fund, double the debt every Britain is born into, and, as an extra sweetner, triple the cost of university too. Unbelievably millions of morons up and down the country like this thinking. Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted June 9, 2010 Share Posted June 9, 2010 just rambling here, so don't go thinking I'm a nut-job... <snip> My analogy of what you're proposing. After a hard day at work, you're walking down the high street clutching the £100 you've earned when a bunch of p1ssed up tw@'s stumble out of a restaurant doorway that they'd been dining in all day, then ask you if you wouldn't mind paying their bill for them??? Ain't gonna happen. Quote Link to comment Share on other sites More sharing options...
alexw Posted June 9, 2010 Share Posted June 9, 2010 just rambling here, so don't go thinking I'm a nut-job... Lets say for arguments sake it works out at £22k each. Facts The debt has to be repaid, We have to repay the debt The sooner the debt is repaid the better Could people be incentivised to pay their £22k now, rather than over a period of many years through higher tax rates? Ok, so this will never happen but could it feasably work? What incentives could be given for 'taking one for the team'? How many people could pay their "national debt contribution" up front? Would you if the incentive was right? Public sector fat cats could be targetted thus "pay your £22k now and you can keep your job, (albeit at -25% your current salary )" I'd pay it for a plot of land and no planning restrictions. Won't work, you can't pay off debt in a debt based monetary system, only transfer it from one component of that system to another. Attempts to pay down the total debt will simply collapse the system. Quote Link to comment Share on other sites More sharing options...
non frog Posted June 9, 2010 Share Posted June 9, 2010 just rambling here, so don't go thinking I'm a nut-job... Too late your avatar says otherwise. Facts The debt has to be repaid, We have to repay the debt The sooner the debt is repaid the better These are not facts - they are opinions. .... Could people be incentivised to pay their £22k now, rather than over a period of many years through higher tax rates? .... Ok now we get to the point. Could you advance pay rather than over time? Yes its a possibility I'm sure, but the admin costs would be unbearable. Firstly a per capita debt burden is untenable - the apportionment must surely be more equitable based on the culpability for the situation? A 3 month old baby cannot surely be expected to pay the same as a 50 year old millionaire? So endless arguments about who owes what. Even assuming you impose a very unfair per capita amount many poorer people will not be able to pay nor indeed will they pay the future taxes. Non payers will spoil the calculations and the debt will remain. If you were 90 and on you death bed why front the money? Its an idea though. One way to achieve it would be to destroy about 40% of the wealth people have in their residential property. Now doesn't that sound better to you Quote Link to comment Share on other sites More sharing options...
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