|
- Radio 4 has an excellent prog "More or Less" explaining numbers
properly
They say the papers talking about Billions in debt is bullshit ..it's
much better to express the national debt in terms of per household
(there are 20 million households in the UK)
So the total government debt is £60,000 per household -
(it increases at £3000 per year)
- but the Private Finance Initiatives PFIs they use to build hospitals
etc are not included in this so this adds £5,000
- More or Less actually said there is another £30,000 in debt coming over the next 5 years cos that is what has been promised in civil l service pensions ... But I don't include this cos it's double counting. It is a form of debt ... But this years pensions were paid from this years tax and in 5 years time the same will happen, once the tax money comes in some of it will be used to pay that years pension) . It's just unfortunate that it's a huge
- so each household owes £65,000 ...that's not so bad is it
- considering that most households own a house worth on average £219,832
(BBC).
- That's started me thinking those houses used to be worth £50,000 so
the owers have made £150,000 tax free... so surely the government has
a perfect right to have some of that untaxed profits.
- You know who most of those owners are ..who has most of the money in
this country ? ... the bloody pensioners !
- They complain about low pensions, but they are all sitting on
thousands of pounds worth of property which their own parents never
had.
They say they want to leave an inheritence, but their own children are
50 when they inherit so they don't really need it... do they ?
... They end up with 2 houses that's why there a million empty houses in the UK.
- The newspapers tried to get people scared about inheritence tax, but right
now only millionaires pay it (or find a way around it)
- My idea is the government should said up a compulsory equity release
CER scheme. Where a company takes over the deeds to a pensioners house
- the government could immediately get £70,000, - another £70,000 could go
into a fund to pay for care for the pensioner, -and the rest £70,000
could be kept by the pensioners to spend or leave to someone.
-Once the householders have gone to a home or popped their clogs the
CER company could sell the house to a young person instead of it being
left empty
- It would solve the 3 problems
1. Government debt
2. Housing shortage
3. Lack of funding for pensioners care
- Anyway as I say there is a goldmine ..those property prices means millions of people are sitting on £trillions of profit which they haven't paid tax on. ...
One thing is though if the government scares the market and property goes back to a proper value of £80,000 per house the owners will be unhappy and the government will have no money. ... but the point is those houses will be worth £200,000 some day in the future say 50 years even if property values collapses
-n THe governemt can seize all the assets of the church ..cos the Church stole them from our ancestors all that land and property should be in the hands of the people ...no the unelected clergy
|