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Not my idea, but I do think it's brilliant.
Dear Mr. Darling,
Please find below my suggestion for fixing Britain'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 :
There are about 20 million people over 50 in the work force. - Pay them £1 million apiece severance for early retirement with the following stipulations:
1) They MUST retire. Twenty million job openings - Unemployment fixed.
2) They MUST buy a new British CAR. Twenty million cars ordered - Auto 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) Buy £50 of alcohol / tobacco a week there's your money back in duty / tax etc
It can't get any easier than that!
P.S. If more money is needed, have all members of parliament pay back there falsely claimed expenses and second home allowances.
Hmm I could point out the many failings with that but I'll not, and just revel in the nice idea of giving 20 million people a million quid 🙂
I suspect the 30 year old children of these people might be a bit miffed at being removed from their jobs & having to go back to school!
erm... isn't 20 million x 1 million = 20 trillion, not 20 billion?
So you're arguing that instead of giving billions to the banks they should give trillions to the people?
Depends on your definition of a billion. IIRC billion was a million million, but the usual measure is the "US" version (10^9).
just give me a million pounds & I shall fix everything.
Coffeeking: true but if someone is using the [url= http://en.wikipedia.org/wiki/Long_and_short_scales ]pre-1974 definition of a billion[/url] then I propose they are not in an ideal position to lecture the chancellor on economic policies. 🙄
Yes ..... it's an idea.
But I suggest that it requires more work.
Well its novel.
At the moment the chancellors plan seems to be the same plan that got us into the s4ite in the first place.
At the end of April they were predicting that the total UK bank bailout could reach £100 billion.
Now that's a fair amount of money.
But the OPs plan would cost 200 times that, around ten times the UK GDP.
Not got my vote I'm afraid.
20 million people working over 50? Are you sure?
Ahhhhh hyperinflation will be your downfall!
Indeed. 20 million new millionaires would soon make things very expensive for the rest of us
Maybe this little thread has highlighted the real cause of the ecconomic crash. No one really knows how much they're talking about when they start talking in billions.