Friday, February 11, 2011
As I was saying, make bankruptcy laws less distressing and build more social housing…
Keeping up with the Joneses left me bankrupt: One woman's frightening story of how it easily it can happen
The story is the same old same old, but has a happy ending: "Her three boys are happy. ÂNicolaâ€™s relationship with her husband is stronger than ever and she knows who her friends are. The family now lives in a Âbeautifully decorated, welcoming [Council house] they can comfortably afford to rent. Nicolaâ€™s husband is in a steady teaching job with good prospects and they can meet all their bills each month." Thought experiment: what if we ALL lived in council housing and paid market rent? The government wouldn't need to collect any income tax on top of that, we'd all have security of tenure etc, what's not to like?