National debt, and an immensely stupid question ...
Discussion
superlightr said:
why did the govt not pay off the dept during the good times? perhaps even save some money for the bad time to come?
The tax take each year doesnt actually have to be spent and then some.
The tax take each year doesnt actually have to be spent and then some.
If only you shared this idea with the rest of the population. And added, 'and why did the government borrow so much'...
superlightr said:
why did the govt not pay off the dept during the good times? perhaps even save some money for the bad time to come?
The tax take each year doesnt actually have to be spent and then some.
If the govt of the day cant give you free sThe tax take each year doesnt actually have to be spent and then some.
t...how will they win an election again? To give you freebies...they tax high and borrow. Result is happy politicians and indebted nation.Dr Jekyll said:
superlightr said:
why did the govt not pay off the dept during the good times? perhaps even save some money for the bad time to come?
Gordon reckoned he had abolished boom and bust, so there weren't going to be any bad times.Halb said:
thegman said:
Good link.It started with wars. Modern income tax came in as a precursor to the wars with Napoleon.
Could the UK ever go back to gold based currency instead of debt based currency?
I don't know much about the above, went looking.
http://en.wikipedia.org/wiki/Criticism_of_fraction...
But then every European economy went into massive long term decline after each episode of expelling the financiers.
hollydog said:
And now we have the olympics which we have borrowed to put on. Now here's an other one for you did we get the olympics fairly or did we get it cause uk is the only place that could afford it in this economic climate.Sorry moving away from the original question .
Dear PH HQ. The process for registering is too easy. The most thick person on the planet is now on PH.
Can something be done?
Yours
As to the part about does every country have a national debt? Well, no.
Hong Kong has a massive surplus - they reckon the surplus for this year will be HK$100B, about eight billion quid. Their total cash pile is about HK$700B.
This means they're probably going to up the tax free allowance from nine thousand quid to ten thousand per person, and give every tax payer a thousand quid reduction on their tax bill.
Remind me again why I live here
Hong Kong has a massive surplus - they reckon the surplus for this year will be HK$100B, about eight billion quid. Their total cash pile is about HK$700B.
This means they're probably going to up the tax free allowance from nine thousand quid to ten thousand per person, and give every tax payer a thousand quid reduction on their tax bill.
Remind me again why I live here
jimothy said:
As to the part about does every country have a national debt? Well, no.
Hong Kong has a massive surplus - they reckon the surplus for this year will be HK$100B, about eight billion quid. Their total cash pile is about HK$700B.
This means they're probably going to up the tax free allowance from nine thousand quid to ten thousand per person, and give every tax payer a thousand quid reduction on their tax bill.
Remind me again why I live here
Time we took Hong Kong back !Hong Kong has a massive surplus - they reckon the surplus for this year will be HK$100B, about eight billion quid. Their total cash pile is about HK$700B.
This means they're probably going to up the tax free allowance from nine thousand quid to ten thousand per person, and give every tax payer a thousand quid reduction on their tax bill.
Remind me again why I live here
jimothy said:
As to the part about does every country have a national debt? Well, no.
Hong Kong has a massive surplus - they reckon the surplus for this year will be HK$100B, about eight billion quid. Their total cash pile is about HK$700B.
This means they're probably going to up the tax free allowance from nine thousand quid to ten thousand per person, and give every tax payer a thousand quid reduction on their tax bill.
Remind me again why I live here
I wonder if the zone within the M25 would similarly run at a surplus....Hong Kong has a massive surplus - they reckon the surplus for this year will be HK$100B, about eight billion quid. Their total cash pile is about HK$700B.
This means they're probably going to up the tax free allowance from nine thousand quid to ten thousand per person, and give every tax payer a thousand quid reduction on their tax bill.
Remind me again why I live here
oyster said:
I wonder if the zone within the M25 would similarly run at a surplus....
It might, but only if you allow the money/customers to flow in from the rest of the country. The high earners / high tax-payers in London are paid by businesses that make money from the whole country. Interesting question.
Hooli said:
Dr Jekyll said:
superlightr said:
why did the govt not pay off the dept during the good times? perhaps even save some money for the bad time to come?
Gordon reckoned he had abolished boom and bust, so there weren't going to be any bad times.jimothy said:
As to the part about does every country have a national debt? Well, no.
Hong Kong has a massive surplus - they reckon the surplus for this year will be HK$100B, about eight billion quid. Their total cash pile is about HK$700B.
This means they're probably going to up the tax free allowance from nine thousand quid to ten thousand per person, and give every tax payer a thousand quid reduction on their tax bill.
Remind me again why I live here
The British government would just see it as an example of the British economy making too much money and them not getting enough of it. Up would go taxes.Hong Kong has a massive surplus - they reckon the surplus for this year will be HK$100B, about eight billion quid. Their total cash pile is about HK$700B.
This means they're probably going to up the tax free allowance from nine thousand quid to ten thousand per person, and give every tax payer a thousand quid reduction on their tax bill.
Remind me again why I live here
davepoth said:
Hooli said:
Dr Jekyll said:
superlightr said:
why did the govt not pay off the dept during the good times? perhaps even save some money for the bad time to come?
Gordon reckoned he had abolished boom and bust, so there weren't going to be any bad times.The damn traitorous scum.
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