Where do the govt get money to pay dole and benefits?
Discussion
I'm not sure if this is the right place, but it's a start! Lol.
I was talking to a guy I used to work with earlier online, and further to a tongue in cheek rant from a colleague about funding dole and benefit spongers with our taxes, my ex colleague said that taxes don't fund these benefits. This was his response..................
Basically our country and most other countries, including Murica are bankrupt. So the Gubmint needed some collateral on which to borrow money, so they used the public. So basically gov bonds are backed by us, the people and from there the money is 'created'
The complex bit involves your birth certificate so i'll skip that bit but the short version is it is a bond.
So, this bond is worth a fk ton and it's a type of trust, you are the beneficiary, the gubmint is the trustee, as you were deemed 'delinquent' when you turn 16 and accepted your national insurance number. So what happened is you basically said you can't look after your bond and so you want the gubmint to hold it in trust but as you are the beneficiary you must 'benefit' from the trust as the trustees see fit.
This is why you go from being 'Master James to 'mister' you are no longer master of your ship basically (as this is all covered by admiralty law).
So they borrowed money against your sweat equity and have to pay interest on the loan, that is what 'your taxes' (attempt) to pay. This is why it's always referred to as 'tax payers money' not 'Your taxes' or 'public taxes' when they moan about doleys in the media.
So, your 'taxes' go mostly to pay off the interest on the money borrowed by the gubmint against your life essentially and a few other things, but really not much else.
What does actually get paid re: dole is the wages of the staff of the dole as they are public employees, this is another way of 'truthfully' saying doleys are costing your taxes.
True story, any questions ask away or pm me.
Does this make any sense to any of you guys??
I was talking to a guy I used to work with earlier online, and further to a tongue in cheek rant from a colleague about funding dole and benefit spongers with our taxes, my ex colleague said that taxes don't fund these benefits. This was his response..................
Basically our country and most other countries, including Murica are bankrupt. So the Gubmint needed some collateral on which to borrow money, so they used the public. So basically gov bonds are backed by us, the people and from there the money is 'created'
The complex bit involves your birth certificate so i'll skip that bit but the short version is it is a bond.
So, this bond is worth a fk ton and it's a type of trust, you are the beneficiary, the gubmint is the trustee, as you were deemed 'delinquent' when you turn 16 and accepted your national insurance number. So what happened is you basically said you can't look after your bond and so you want the gubmint to hold it in trust but as you are the beneficiary you must 'benefit' from the trust as the trustees see fit.
This is why you go from being 'Master James to 'mister' you are no longer master of your ship basically (as this is all covered by admiralty law).
So they borrowed money against your sweat equity and have to pay interest on the loan, that is what 'your taxes' (attempt) to pay. This is why it's always referred to as 'tax payers money' not 'Your taxes' or 'public taxes' when they moan about doleys in the media.
So, your 'taxes' go mostly to pay off the interest on the money borrowed by the gubmint against your life essentially and a few other things, but really not much else.
What does actually get paid re: dole is the wages of the staff of the dole as they are public employees, this is another way of 'truthfully' saying doleys are costing your taxes.
True story, any questions ask away or pm me.
Does this make any sense to any of you guys??
Edited by rash_decision on Tuesday 27th January 21:25
Edited by rash_decision on Tuesday 27th January 21:28
rash_decision said:
Does this make any sense to any of you guys??
Sounds like 'freeman on the land' st to me.However the basic point about having no real freedom and being generally fked, whichever way you look at it, is reasonable enough.
Welcome to reality- the freeman st just serves to give you a false sense you actually have any freedoms or rights.
rash_decision said:
Sorry!
Well does it? The way the economy works is too much for me to grasp properly. Just like anyone, you owe money to people, and essentially your wage goes into paying that off. Has the country not just paid off WW2 loans? It makes you wonder where budgets come from. Fighter planes, always testing, which is cool, but where is the money coming from? And then for things that us car owners like, for example, supporting a car manufacturer (MG Rover) - (the government were going to lend £100m to push through a take over in 2005. They decided not to. Incidentally they paid more for a review through the fraud office (£17m), than they ever gave to MG Rover from 2000-2005 (£5m)).
My take on it is do what you have to do, work hard, make enough money, pay all the taxes (no choice), and just let things play out. Your friend might be right in a way, but anyone could work out that the government are paying back loans (that's a good thing, I reckon).
The goverment has to borrow money every month to pay benefits and public sector wages. Labour run up such huge debts while in goverment that most of our PAYE tax is used to service the huge debt mountain left by Labour. The Tories are desperately trying to reduce our monthly borrowing and have managed to reduce it by 40% but they are still borrowing every month and the debt mountain continues to grow. The Tories are saying that by 2018 they should be in a position to stop borrowing every month and actually start paying down the huge debt mountain if they don't we are fecked and will end up like Greece for example. The country like most of our population is spending more that it earns, this attitude has to change.
natben said:
The goverment has to borrow money every month to pay benefits and public sector wages. Labour run up such huge debts while in goverment that most of our PAYE tax is used to service the huge debt mountain left by Labour. The Tories are desperately trying to reduce our monthly borrowing and have managed to reduce it by 40% but they are still borrowing every month and the debt mountain continues to grow. The Tories are saying that by 2018 they should be in a position to stop borrowing every month and actually start paying down the huge debt mountain if they don't we are fecked and will end up like Greece for example. The country like most of our population is spending more that it earns, this attitude has to change.
There is a flaw in that. If the public reduces spending, the government's tax take is reduced. As such government borrowing will have to increase.didn't you get a neat tax statement recently with a breakdown of how the tax your paid is spent: eg, welfare state, education, NHS and so.
this doesn't answer yr question as to where from entirely, apart from clearly a % of tax paid does pay for the above, but it was fascinating.
i.e 5 figures of my tax paid was going to the welfare state alone !!!!!
as my wife pointed out: more than her actual yearly wage.
this doesn't answer yr question as to where from entirely, apart from clearly a % of tax paid does pay for the above, but it was fascinating.
i.e 5 figures of my tax paid was going to the welfare state alone !!!!!
as my wife pointed out: more than her actual yearly wage.
Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff