Diddles Posted March 2, 2011 Share Posted March 2, 2011 Below is an email I received last week - I'm up for it and eagerly await my payout!! Dear Mr. Prime Minister, Please find below some suggestions for fixing England'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 10 million people over 50 years of age in the work force. Pay them £1 million each severance for early retirement with the following stipulations: 1) They MUST retire. Ten million job openings - unemployment fixed 2) They MUST buy a new British car. Ten million cars ordered - Car 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) They MUST buy £100 WORTH of alcohol/tobacco a week ...... and there's your money back in duty/tax etc It can't get any easier than that! Link to comment Share on other sites More sharing options...
chem1st Posted March 2, 2011 Share Posted March 2, 2011 If you remove their pension rights, it could work. Allow people to sign on up until death but with workfare and were sorted. But arbitrarily removing well over 1/3rd of the workforce might not be the best idea. Link to comment Share on other sites More sharing options...
Halibut Posted March 2, 2011 Share Posted March 2, 2011 Load of crap. Link to comment Share on other sites More sharing options...
Rupert_Baehr Posted March 2, 2011 Share Posted March 2, 2011 Below is an email I received last week - I'm up for it and eagerly await my payout!! ... Did it say at the bottom something like 'Forward this e-mail to 10 people within the next half hour or all your hair will fall out'? Link to comment Share on other sites More sharing options...
Vague_Boy Posted March 2, 2011 Share Posted March 2, 2011 I'm assuming this is a gag, but just in case. Where is a government that has to borrow £160 billion every year just to pay its bills going to find the ten trillion pounds needed for this scheme? And what will happen to the value of the money already in circulation? In physical notes there is about £45 billion in circulation. Including electronic money, it's about £1.9 trillion (link). This proposal would quintuple the UK money supply. That £1 million per person would likely lose so much purchasing power that it would be only worth around £200,000. This Bank of England chart shows what happened when we came off the gold standard in 1914 and started printing the money we needed. See how the purchasing power of the pound dropped off a cliff? I don't think the nation's savers would be too pleased at having a lifetime's savings debased in this way. Debasing the currency doesn't just make us poorer. It also causes havoc in the economy. When a currency is losing value it makes no sense to save it. In fact, quite the opposite Other than that, I see no problems with the idea. Link to comment Share on other sites More sharing options...
truman Posted March 3, 2011 Share Posted March 3, 2011 I'm assuming this is a gag, but just in case. Where is a government that has to borrow £160 billion every year just to pay its bills going to find the ten trillion pounds needed for this scheme? And what will happen to the value of the money already in circulation? In physical notes there is about £45 billion in circulation. Including electronic money, it's about £1.9 trillion (link). This proposal would quintuple the UK money supply. That £1 million per person would likely lose so much purchasing power that it would be only worth around £200,000. This Bank of England chart shows what happened when we came off the gold standard in 1914 and started printing the money we needed. See how the purchasing power of the pound dropped off a cliff? I don't think the nation's savers would be too pleased at having a lifetime's savings debased in this way. Debasing the currency doesn't just make us poorer. It also causes havoc in the economy. When a currency is losing value it makes no sense to save it. In fact, quite the opposite Other than that, I see no problems with the idea. As well as that. every year there'd be another 1/2 million or so people turning 50 so that'd be £500,000,000,000 every year (I think) 500 billion? Or is my maths well out..? Link to comment Share on other sites More sharing options...
mj.scuba Posted March 3, 2011 Share Posted March 3, 2011 Can the threshold be lowered to 30 please? Link to comment Share on other sites More sharing options...
perplexed Posted March 4, 2011 Share Posted March 4, 2011 Inflation anyone? Link to comment Share on other sites More sharing options...
Mecky Posted March 4, 2011 Share Posted March 4, 2011 Below is an email I received last week - I'm up for it and eagerly await my payout!! Dear Mr. Prime Minister, Please find below some suggestions for fixing England'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 10 million people over 50 years of age in the work force. Pay them £1 million each severance for early retirement with the following stipulations: 1) They MUST retire. Ten million job openings - unemployment fixed 2) They MUST buy a new British car. Ten million cars ordered - Car 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) They MUST buy £100 WORTH of alcohol/tobacco a week ...... and there's your money back in duty/tax etc It can't get any easier than that! Link to comment Share on other sites More sharing options...
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