Borrowing for investment in infrastructure is like borrowing to build an extension on your house. It pays for itself because it increases the value of your property
Austerity is like defaulting on your mortgage repayments and expecting to keep your house.
If building a property portfolio is a way to become wealthy.
Why aren’t councils allowed to rapidly expand their council house building?
The more council houses they own. The wealthier the council becomes
Buy to let social housing scheme
1. Bristol city council buy a house by taking out an interest only mortgage
2. Bristol city council will rent you the house for a minimum rent of £140 a month and a maximum rent of £300 a month
3. If you are on a low income, you will still be able to claim housing benefit to pay your rent.
4. Bristol city council will then re-invest your rent payments to buy another house by taking out another interest only mortgage.
Bristol city council will repeat this process until the demand for social housing in Bristol is met.
In 30 years time the house will be worth £1.9million.
In 30 years time “cash in the £1.6 million equity” to repay the original loan and buy more houses.
Cost Analysis
Average House Price in Bristol £331,000
Bank of Engkand Current Interest Rate 0.5%
Interest Only Mortgage Monthly Repayments £138
1985 average house price £34,000
2015 average house price £195,000
http://www.housepricecrash.co.uk/indices-nationwide-national-inflation.php
One supplies someone who has money to spend, with a good or service they desire.
However if not every citizen has money to spend, then only the minority of individuals who have the excess ofmoney to spend, can decide what goods are services are “demanded”.
Currently those goods and services, demanded by the minority with the wealth, are war, weapons and environmental destruction.
Giving money to everyone creates a true democracy.
And it will provide a healthier, happier, better educated society to boot……..for us all to enjoy
Simple solution to tax credit problem.
Pay every citizen £15,000 a year in unconditional basic income. (If you want more, go out and earn extra)
Pay for it by
Raising Inheritance tax to 100%
Nobody gets an inheritance.
But if every citizen receives an unconditional basic income, nobody needs an inheritance anyway.
And the dead can’t take it with them.
Everybody is born out of poverty with an income of £15,000 every year instead.
Everybody is free to follow their aspirations and contribute those aspirations to society.
And if you think giving people free money as an unconditional basic income is wrong, or makes people lazy?
So does giving someone an inheritance doesn’t it?
Paying every citizen an unconditional basic income from birth, abolishes the need for inheritance, abolishes poverty and encourages people who aspire for more to go out and work for it.
A 100% inheritance tax can pay for every citizen to receive an unconditional basic income.
A 100% inheritance tax would probably encourage a lot of people to liquidate and spend their accrued wealth, providing economic stimulus, strong growth and boosting GDP.
An unconditional basic income, would free the entrepreneurial spirit in every citizen.
An unconditional basic income is proven to create a healthier, better educated, happier society, with substantially reduced crime and lower healthcare costs.
So let’s
Abolish Inheritance. Encourage Work. Pay Every Citizen An Unconditional Basic Income From Birth Instead
Oh, And if you think giving people free money as an unconditional basic income is wrong, or makes people lazy?
So does giving someone an inheritance doesn’t it?
You have a £20,000 debt on your credit card
.
You buy a house worth £200,000
You invest £10,000 improving the house.
The house is now worth £240,000
You use the equity to pay off your credit card.
There’s more than one way to reduce the deficit Mr Cameron.
#Corbynomics
Yes or No?
You have a £20,000 debt on your credit card
.
You buy a house worth £200,000
You invest £10,000 improving the house.
The house is now worth £240,000
You use the equity to pay off your credit card.
There’s more than one way to reduce the deficit Mr Cameron.
#Corbynomics
Yes or No?
Here’s an idea
Why don’t we all stop having babies and “Invest In A Migrant” instead?
Babies take 18 years to become “productive citizens”. For the first 18 years they are a drain on resources, schools, NHS, housing etc…..
Far better for families to use all the money they spend raising children, and “invest in a migrant” instead.
Migrants can be put to work straight away, in fact rather than being the drain on resources that babies are, they can be “productive citizens” from day one, making them fantastic “investment opportunities”
So stop having babies and “Invest In A Migrant” instead.
You know it makes sense.
Elect A Great BIG Loony 