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TheBlueCat

Paying Off The National Debt

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So, the UK national debt is around 1 trillion and there's around 60 million people in the country. Rounding down to 50 million to allow for children, lunatics etc, that's around 20K per person. Since the adult population has collective responsibility for running the debt up in the first place, the simple solution is to have a flat tax of 20K on everyone who dies to be paid by their estate ahead of all other creditors. Alright, there's a lot of people who die with less than 20K in assets but I can't help thinking this would concentrate people's minds when deciding who to vote for.

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So, the UK national debt is around 1 trillion and there's around 60 million people in the country. Rounding down to 50 million to allow for children, lunatics etc, that's around 20K per person. Since the adult population has collective responsibility for running the debt up in the first place, the simple solution is to have a flat tax of 20K on everyone who dies to be paid by their estate ahead of all other creditors. Alright, there's a lot of people who die with less than 20K in assets but I can't help thinking this would concentrate people's minds when deciding who to vote for.

And when it's paid off, what do we use as money?

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Same as we've always used. I don't recall gilts being legal tender at any point...

Well, we've always used the national debt (personal and government). Pay it off and we'd have the mother of all depressions, unless it's replaced with a permanently circulating means of exchange.

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Well, we've always used the national debt (personal and government). Pay it off and we'd have the mother of all depressions, unless it's replaced with a permanently circulating means of exchange.

You're smoking crack mate.

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What a compelling case you present.

I think he is using the 'labour' school of forum banter. Insult and shout with no corrective substance or ideas.

That said, without any debt there wouldn't be any money, but as the rest of the world is in debt it doesn't matter as we can trade using their debt notes.

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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