Citizens’ Wealth Fund

[Randomnerd]

Prince’s Trust has just surveyed young people, and they’re increasingly miserable about the future.

Elsewhere, UK owns a good chunk of RBS. Sure I read somewhere that could pay out every citizen a one-off sum of £10,000 by 2030.

Why don’t we, as a country, invest in our future, through a citizens’ wealth fund?

 

[Drago]

Because wealthy shareholders don't want to pay for it?

 

[pjd57]

There would be even more cash to dish out if we got rid of all the princes.

 

[Drago]

Prince died a while back and I'm still waiting for his cash.

 

[Beebo]

[QUOTE 5209097, member: 259"]Compare and contrast with what Norway did with its oil money.[/QUOTE]
About $200k per person. Very clever.
But it is useless if you just pay out a one off lump sum. That benefits just a single generation.

 

[FishFright]

[QUOTE 5209097, member: 259"]Compare and contrast with what Norway did with its oil money.[/QUOTE]

We basically gave ours away to multinationals with the vague hope they would pay some tax one day.

 

[Drago]

And when they didn't pay we shafted the disabled instead.

 

[Randomnerd]

There would be even more cash to dish out if we got rid of all the princes.

This sentiment may warrant its own thread: how Republican do you feel this crowd would be?

 

[Randomnerd]

About $200k per person. Very clever.
But it is useless if you just pay out a one off lump sum. That benefits just a single generation.

Maybe not. Couldn’t the money be channelled into education, business support, craftsman training etc, to develop a generation that would benefit those to follow? As I understood the figures, a fund might pay out every generation.
This is about a radical change to who owns the wealth, and how it shapes society.

 

[Joey Shabadoo]

We basically gave ours away to multinationals with the vague hope they would pay some tax one day.

The British North Sea Oil Fund is called the M25

 

[Drago]

Successive governments have frittered away our domestic oil wealth of various rubbish, most of which over time has yielded little tangible return. No government will ever do more than pay lip service to cracking down on serious tax avoidance because the culprits are usually big party donors. The UK has missed the boat on this one, I fear.

Just a small part of the reason I dislike politicians and party politics.

 

[pjd57]

We basically gave ours away to multinationals with the vague hope they would pay some tax one day.

We gave ours to Westminster and got nothing back.

Instead they spread the myth that Scotland is subsidised.

 

[Cuchilo]

There would be even more cash to dish out if we got rid of all the princes.

Get rid of the ponces and there would be loads of money for people willing to work .

 

[screenman]

Get rid of the ponces and there would be loads of money for people willing to work .

Have you been in the retirement section, that lot do certainly not want to work. Is there enough people out there who really want to work, most people I know would rather not given the choice.

 

[Drago]

I'm happy not working, but I still pay my own way.