If everyone over 18 was given £10k
Discussion
Assuming we’re in the printing money zone now, what’s the fall out if we all were given £10k each (after lockdown) . Possibly as vouchers / not put much thought into it.
Yes inflation but what’s the actual downside compared to large parts of the UK going under.
Yes inflation but what’s the actual downside compared to large parts of the UK going under.
Edited by DSLiverpool on Thursday 19th March 15:58
Been wondering this myself..
Instead of giving money to the banks to loan out and charge interest (dont the banks alwasy seem to come out better off)
why not just give everyone a sum of cash that has a condition attached.. for instance It must be used to repay debt if you have debt, that way the banks are helped out and the people are also helped out.
Maybe with times like this, the death of the high street and fast growing automation maybe a social income is needed. Its been tried in other countries.
Maybe now is the time to think differently
https://www.theguardian.com/world/2020/mar/19/call...
https://www.wired.co.uk/article/uk-universal-basic...
Instead of giving money to the banks to loan out and charge interest (dont the banks alwasy seem to come out better off)
why not just give everyone a sum of cash that has a condition attached.. for instance It must be used to repay debt if you have debt, that way the banks are helped out and the people are also helped out.
Maybe with times like this, the death of the high street and fast growing automation maybe a social income is needed. Its been tried in other countries.
Maybe now is the time to think differently
https://www.theguardian.com/world/2020/mar/19/call...
https://www.wired.co.uk/article/uk-universal-basic...
768 said:
The downside is that we wouldn't be able to afford the bread that isn't on the shelves.
I don't see how it helps airlines, manufacturing, etc.
Holiday voucher for whenever possible, Manufacturers would have lots to make as every person is spending. I don't see how it helps airlines, manufacturing, etc.
Maybe £10k per business as a voucher for IT etc
DSLiverpool said:
Assuming we’re in the printing money zone now, what’s the fall out if we all were given £10k each (after lockdown) . Possibly as vouchers / not put much thought into it.
Yes inflation but what’s the actual downside compared to large parts of the UK going under.
You can't ignore inflation. If you give everyone 10k of freshly printed money then you devalue the currency by the same amount.Yes inflation but what’s the actual downside compared to large parts of the UK going under.
Edited by DSLiverpool on Thursday 19th March 15:58
If you could do it without consequences then you could just print everyone a few million, or print off enough to get rid of the national debt etc
Lord.Vader said:
Fully agree, get some money being spent in the economy, condition it can’t be saved (no idea how you would monitor this), can’t be used towards a house purchase.
That's the thing though. I'd be trying to engineer a way to turn whatever I was allowed to spend it on into savings. The reason I spend virtually nothing is to try to scrape together to buy a house. If house prices weren't so high people would be buying homes rather than renting them and then their spare cash would be spending money instead of house deposit saving money. It would do the wider economy a world of good if housing costs weren't so high but I guess it suits the privileged few for home ownership to be a pipe dream for the many.For me, there are two problems. If you give people cash they will pay down debt or due to self-isolation/quarantines buy from Amazon. That does nothing to help high street stores, pubs, restaurants, hotels etc.
Wouldn't a better idea be the Govt buys vouchers from businesses, therefore easing short term cash flow problems and then gives the vouchers out to members of the public 10p for every £1 you pay in Income Tax once all this has blown over?
Wouldn't a better idea be the Govt buys vouchers from businesses, therefore easing short term cash flow problems and then gives the vouchers out to members of the public 10p for every £1 you pay in Income Tax once all this has blown over?
What a load of rubbish.
House prices are easily affordable, move to where you can afford.
Me and my friends all had houses by mid-20’s, not one (bar me) went to Uni. I bought my first in 2012 when I was 23.
Easy to afford a 3 bed semi @£125k when you are on average wage.
I couldn’t afford to live in central London and certainly wouldn’t give up my quality of life too live there, so I don’t.
Essentially you are saying rather than do what is best for everyone by spending money in the economy to keep people in jobs and earning your be selfish and put the money away to benefit yourself and subsequently fuel the demand for housing by further driving up house prices.
House prices are easily affordable, move to where you can afford.
Me and my friends all had houses by mid-20’s, not one (bar me) went to Uni. I bought my first in 2012 when I was 23.
Easy to afford a 3 bed semi @£125k when you are on average wage.
I couldn’t afford to live in central London and certainly wouldn’t give up my quality of life too live there, so I don’t.
Essentially you are saying rather than do what is best for everyone by spending money in the economy to keep people in jobs and earning your be selfish and put the money away to benefit yourself and subsequently fuel the demand for housing by further driving up house prices.
Lord.Vader said:
What a load of rubbish.
House prices are easily affordable, move to where you can afford.
Me and my friends all had houses by mid-20’s, not one (bar me) went to Uni. I bought my first in 2012 when I was 23.
Easy to afford a 3 bed semi @£125k when you are on average wage.
I couldn’t afford to live in central London and certainly wouldn’t give up my quality of life too live there, so I don’t.
Essentially you are saying rather than do what is best for everyone by spending money in the economy to keep people in jobs and earning your be selfish and put the money away to benefit yourself and subsequently fuel the demand for housing by further driving up house prices.
Ohhh you are gonna get it! House prices are easily affordable, move to where you can afford.
Me and my friends all had houses by mid-20’s, not one (bar me) went to Uni. I bought my first in 2012 when I was 23.
Easy to afford a 3 bed semi @£125k when you are on average wage.
I couldn’t afford to live in central London and certainly wouldn’t give up my quality of life too live there, so I don’t.
Essentially you are saying rather than do what is best for everyone by spending money in the economy to keep people in jobs and earning your be selfish and put the money away to benefit yourself and subsequently fuel the demand for housing by further driving up house prices.
Lord.Vader said:
House prices are easily affordable, move to where you can afford.
If I moved to where a house cost £125k I'd have a commute that left me in the red. If I bought a flat for £125k I'd have service charges that left me in the red. If these concepts are alien to you then congratulations on your relatively comfortable life.98elise said:
You can't ignore inflation. If you give everyone 10k of freshly printed money then you devalue the currency by the same amount.
If you could do it without consequences then you could just print everyone a few million, or print off enough to get rid of the national debt etc
The consequences of the unknown are more worrying I fear. If you could do it without consequences then you could just print everyone a few million, or print off enough to get rid of the national debt etc
They could give everyone a pre paid debit card that only works in UK shops and small businesses and expires in 6 months, this would get the money to where its needed and not to banks. The government would probably get 40% of the money back in tax inc vat, paye, company profits etc anyway so not massively inflationary.
It's as if the 1930s never happened.
You don't have to be f
king warren Buffet room understand this st... Printing money is inflationary, before you know it or you're inugabes Zimbabwe and printing £10,000,000 notes so people can buy a bag of rice.
Best to let the rich people have the money, they know how to manage it.
You don't have to be f
king warren Buffet room understand this st... Printing money is inflationary, before you know it or you're inugabes Zimbabwe and printing £10,000,000 notes so people can buy a bag of rice.Best to let the rich people have the money, they know how to manage it.
FredClogs said:
It's as if the 1930s never happened.
You don't have to be fking warren Buffet room understand this st... Printing money is inflationary, before you know it or you're inugabes Zimbabwe and printing £10,000,000 notes so people can buy a bag of rice.
Best to let the rich people have the money, they know how to manage it.
Printing money isn't inflationary. Ask the Bank of Japan.You don't have to be f
king warren Buffet room understand this st... Printing money is inflationary, before you know it or you're inugabes Zimbabwe and printing £10,000,000 notes so people can buy a bag of rice.Best to let the rich people have the money, they know how to manage it.
How much money was printed after 2008 by central banks? And the inflation rate is currently?
As for the 1930s it was called a depression for a reason (not because people were sad).
Fittster said:
FredClogs said:
It's as if the 1930s never happened.
You don't have to be fking warren Buffet room understand this st... Printing money is inflationary, before you know it or you're inugabes Zimbabwe and printing £10,000,000 notes so people can buy a bag of rice.
Best to let the rich people have the money, they know how to manage it.
Printing money isn't inflationary. Ask the Bank of Japan.You don't have to be f
king warren Buffet room understand this st... Printing money is inflationary, before you know it or you're inugabes Zimbabwe and printing £10,000,000 notes so people can buy a bag of rice.Best to let the rich people have the money, they know how to manage it.
How much money was printed after 2008 by central banks? And the inflation rate is currently?
As for the 1930s it was called a depression for a reason (not because people were sad).
Obviously I could be wrong but I think the best way out of all financial crises is to remortgage the country and give the cash to the rich, and let the kids of the poor make the repayments.
Boris agrees.
I think we're all feeling pretty depressed atm.
I've no doubt it would be universally unpopular but an emergency redistribution tax of x% from anyone on paye in March onwards, would spread the pain. There for the grace of God go us all, businesses closing for the greater good (that's us) need help, all of us gainfully employed should feel lucky, and if you think about it should feel some comfort about if they find themselves in the mire in the future.
Everyone one expects helicopter/magic wand money, but that does not come without consequences as explained (but millions won't get it) but loads of us will save fuel/travel money or can cut back something to get by?
Everyone one expects helicopter/magic wand money, but that does not come without consequences as explained (but millions won't get it) but loads of us will save fuel/travel money or can cut back something to get by?
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