How to fix the economy

[illdecide]

Please find below my suggestion for fixing Britain's economy. Instead  of giving billions of pounds to banks that will squander the money on  lavish parties and unearned bonuses, use the following plan. You can  call it the Patriotic Retirement Plan:

There are about  5 million people over 50 in the work force. - Pay  them £1 million apiece severance for early retirement with the  following stipulations:

1) They MUST retire.  Five  million job openings - Unemployment fixed.

2) They MUST buy a new British CAR.  Five  million cars ordered -  Auto Industry fixed.

3) They MUST either buy a house or pay off their mortgage - Housing  Crisis fixed.

4) They must send their kids to school / college /university - Crime rate fixed

5) Buy £ 100 of alcohol / tobacco a week There's your money back in duty  / tax etc

It can't get any easier than that!

P.S. If more money is need ed, have all members of parliament pay back  their falsely claimed expenses and second home allowances.

Do you think this would work?

I was thinking the same for the Irish Government but we Irish don't make any cars so that f**ks it up a bit

[longball]

Good work Illdecide Borat seems to like it:


Email your thoughts to GB at Gordan@soonin_dolequeue.org

[illdecide]

Well personally if they paid it too me (not the age so it wouldn't happen) i'd be in Dundalk with it as quick as it hit my account and then tell the Brits "Tiocfaidh Ar La" up the ra...lol

[EC Unique]

Only problem with that is that I am not 50 yet Would be ripping if you were 49 and missed out

[Maiden1]

5 million (people) * 1 million (pounds) = A lot of money.  Could I get the million as well that would be 1 more job someone else could have.  I promise to go to the pub every day which would help the brewing industry which has been hit hard by this recession.

[illdecide]

Have you a sst stu stut tutter

[Pangurban]

Perhaps some of the economic whiz kids on the forum could point out the flaw in this plan, for the slow witted

[Caid]

5 million * 1 million = a trillion 1,000,000,000,000

UK population is roughly 60m

Ildecide's plan therefore relates to each person in the UK paying £16,667 to the people retiring.  Allowing for the fact that many of these 60m people are not of working age (say the 5m over 50 and - at least - 5m below 16) then this number is more like £20,000 in higher taxes for each person.  The alternative is that governments cut back on spending to recoup the 1 trillion.  This means building less schools, roads, hospitals etc meaning job losses in those industries. 

To put it in perspective the UK Government is already towards record high debt levels @ around 70% of GDP (UK GDP is around £1.4 trillion).  Thus illdecide's plan would push the Uk's debt to around 150% of GDP.  Thus the country may not be able to meet the high interest payments that would likely be demanded (if they flooded the market with government bonds they would have to pay high coupons as supply > demand and there is a high risk of default).

Any government that proposed/implemented such a plan would quickly be replaced by another party.

[Rav67]

5 million * 1 million = a trillion 1,000,000,000,000

UK population is roughly 60m

Ildecide's plan therefore relates to each person in the UK paying £16,667 to the people retiring.  Allowing for the fact that many of these 60m people are not of working age (say the 5m over 50 and - at least - 5m below 16) then this number is more like £20,000 in higher taxes for each person.  The alternative is that governments cut back on spending to recoup the 1 trillion.  This means building less schools, roads, hospitals etc meaning job losses in those industries. 

To put it in perspective the UK Government is already towards record high debt levels @ around 70% of GDP (UK GDP is around £1.4 trillion).  Thus illdecide's plan would push the Uk's debt to around 150% of GDP.  Thus the country may not be able to meet the high interest payments that would likely be demanded (if they flooded the market with government bonds they would have to pay high coupons as supply > demand and there is a high risk of default).

Any government that proposed/implemented such a plan would quickly be replaced by another party.

I still don't get how it wouldn't work.  Perhaps dublinfella could type it slower for me.

[mikasas]

I'll decide for government.
Get that man in2 some party now, f**k one of the expences fraud f'ers out and implement this plan asap!

[illdecide]

Bertie phoned me this evening looking to know more and if i could add a few things in so that we could both make a few bucks from it

[Muzz]

5 million * 1 million = a trillion 1,000,000,000,000

UK population is roughly 60m

Ildecide's plan therefore relates to each person in the UK paying £16,667 to the people retiring.  Allowing for the fact that many of these 60m people are not of working age (say the 5m over 50 and - at least - 5m below 16) then this number is more like £20,000 in higher taxes for each person.  The alternative is that governments cut back on spending to recoup the 1 trillion.  This means building less schools, roads, hospitals etc meaning job losses in those industries. 

To put it in perspective the UK Government is already towards record high debt levels @ around 70% of GDP (UK GDP is around £1.4 trillion).  Thus illdecide's plan would push the Uk's debt to around 150% of GDP.  Thus the country may not be able to meet the high interest payments that would likely be demanded (if they flooded the market with government bonds they would have to pay high coupons as supply > demand and there is a high risk of default).

Any government that proposed/implemented such a plan would quickly be replaced by another party.

Flaw in this argument - you have not taken into account illdecide's stipulations - buy a car (therefore less money spent on unemployment benefits) kids go to school so have a better chance of better jobs therefore less unemployment, buy tobacco and alcohol - money going back into the economy again!!!  I think its a fool proof concept and illdecide should really take this to Question Time!

[Franko]

5 million * 1 million = a trillion 1,000,000,000,000

UK population is roughly 60m

Ildecide's plan therefore relates to each person in the UK paying £16,667 to the people retiring.  Allowing for the fact that many of these 60m people are not of working age (say the 5m over 50 and - at least - 5m below 16) then this number is more like £20,000 in higher taxes for each person.  The alternative is that governments cut back on spending to recoup the 1 trillion.  This means building less schools, roads, hospitals etc meaning job losses in those industries. 

To put it in perspective the UK Government is already towards record high debt levels @ around 70% of GDP (UK GDP is around £1.4 trillion).  Thus illdecide's plan would push the Uk's debt to around 150% of GDP.  Thus the country may not be able to meet the high interest payments that would likely be demanded (if they flooded the market with government bonds they would have to pay high coupons as supply > demand and there is a high risk of default).

Any government that proposed/implemented such a plan would quickly be replaced by another party.

I think your argument lost credibility after this line... how can 5x1=1?