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Old 30th Apr 2010, 10:50
  #462 (permalink)  
Join Date: Aug 2002
Location: northants
Posts: 205
Turin, while I am not claiming to be good with figures, and I am an engineer not a financial wizard, I was trying to get a handle on what the real debt position was, as none of the parties seem to want to tell us.

I agree that the 8k in extra tax over 25 years clears our debt, but no Government is going to clear it to zero, but reduce it to an acceptable percentage. Also as you have pointed out some money can come in from other sources. But taxing the banks as some suggest, infers the bank will not pass on this tax as increased charges to business and joe public, so we pay for it indirectly. Increasing business tax does the same, reduced employment and/or wage rises to pay the said tax increase, again we pay indirectly.

Someone will no-doubt tell us it's not that simple.
I agree.
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