uk economic and social development suggestions

randomscotsman8

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Social and economic development framework for the UK (original text focused on Scotland)







key issues



Energy

Government debt

taxation

food

elderly care

civil servant rate of attrition and renumeration structure

public transport

welfare state

education/vocation





energy



. free electricity by raising govt bond to fund nuclear power plant build on 1 of the isles (6billion capital requirement, fixed rate for 30 years @1% p/a = £60mil repayments or £10 per person…… running costs £30 per head per year which is 160million for 4000 staff at total cost of 40k per head…. i.e. £40 per head per annum for unlimited electric… annually

. state governed but set up with a public/private partnership agreement or PFI style scheme?

£££££££ frances most recent cost 10 billion and took 11 years£££££££ this is a long term solution for what will be the increase in demand for power and enables us to be self sustaining there are countries in the world who provide close to free electric i.e. sudan, iran, libya. this is from oil yes but it can be done…… the uk is in the top 10 most expensive countries for power in the world…. we are a technologically and economically developed nation. capitalism should reduce the cost of hyper consumable, must use products and services, not increase them!! heat and light is not a luxury, we should be provided with a solution to have this for as close to free as possible.

. this could also be funded by doing an ICO i.e. the scottish energy coin, to raise money and income derived from the project can be paid back to coin holders….. can tap into carbon reduction funds as an income to coin holders…..

this is a new concept and most if not all digital assets in this arena do not provide an income

. could lead to scotland having their own central banking system, the first built on digital currency… john law made the bank of france, the central banking model followed by the rest of the world… lets innovate again







Government debt



With the current uk govt debt at levels of 98% to gdp, we need an alternative approach restructuring our countries balance sheet. From 2008 onwards the uk gilt market exploded, we went from 35% debt to gdp to 70% debt to gdp in the 5 years following the 2008 crash and in the previous 10 years levels have reached nearly 100%.



The holders of these gilts are broken down into 3 categories being; the bank of England, uk financial institutions and overseas investors. They hold roughly 1/3 of the portfolio each. The current uk gilt market cap is £2.1 trillion. Projected redemptions for this year are £150 billion and next £165 billion, these figures include interest payments of circa £50billion. Relative to uk govt expenditure this is our 3nd largest outgoing, first being social protection of £302 billion and 2nd being health of £230 billion…. Gilt receipts and redemptions (capital amount) are not stated in our public sector spending and receipts on the annual UK budget.



Possible alternative approaches, to improve the uks current economic standing, for the three categories of gilt holders are suggested below.



The bank of England should and could write off our public debt, this has a massive positive contribution to society and is morally correct. Its of no consequence to them because they simply printed the money out of fresh air. Based on this we shouldn’t have to pay it back.



Uk Financial institutions as gilt holders are most likely pension funds or insurance companies, as the product acts as a hedging instrument for inflation and provides a solid balance sheet item to add credibility to the company itself as well as the obvious cashflow benefits. The immediate solution is for indefinite forbearance, and in return the holders of the gilts will receive tax relief to the equivalent amount of the asset it holds in forms of paye/ni/corp tax and vat relief. For pension funds that require outflow to pension holders the government simply takes on this cash flow. Our current pension commitments outflowing from the treasury are circa £100billion p/a based on the current gilt holders return of circa 2% this adds £13billion p/a to our pension commitments.



Overseas investors need to be evaluated on a case by case basis, with a view to contra-ing out any national debt obligations ie France holds £50billion but owes us £50billion, this should and could be voided. Otherwise as a state that’s no longer part of any free trade agreements, and as a net importer of goods we can give import tax relief to the countries or corporations that are the holders of the gilts.



The above highlighted could go someway to improving our countries economic health and may also enable us to lower taxtation, increase the state pension, reduce the age of acceptance into a state pension program, improve state health care facilities and just generally redistribute funds in a more socially beneficial way.

taxation



. no paye or ni for civil servants, ceiling and specifics detailed below under civil servants heading

. fixed rate corporation tax with a ceiling of 50million per company? number needs to be worked out but this is to attract mega cap corporations to uk to be headquartered, suits the staff if we can roll out low fixed rate income tax….

. no paye or ni for people under the average national salary, fixed rate of paye of 10% on everything else

. Ni privatisation under the model of reengineering social elderly costs….. price point to be determined as cessation of tax and ni to nhs staff/ privatising elderly social care costs and further cost saving innatives significantly reduce the fiscal burden (assets run by ppp providers under nec3 contracts) this is a socially inclusive policy, no one will be ruled out, insurance payments collected at source from companies, insurance companies use inflow of cash to build assets relative to forth coming care requirements, i.e. invest in the infrastructure, invest in our future

. no tax on pension withdrawals

. no inheritance tax

. capital gains roll over relief on all asset classes, gain only realised when asset class has been exited. this enables growth for entrepreneurs and innovators

.



food



. turn agriculture into a GVA (gross value added) sector, as opposed to subsidised by automating growing of fruit and veg through vertical farming process, hugely increases the efficacy of land by enabling more growth of crop per sq ft, reduces labour costs as picking will be automated, and also enables all year round growth 24hrs a day due to greenhouse climate created….. this could reduce the cost of fresh produce by 95%…..

. set up trade deal with england for supply of produce to fund 1.5billion annual scottish spend on the products. england spend over 10billion per year on fresh produce…. this can add billions to scotlands fiscal revenue

. people under the national average salary get free fruit and veg under an allocation scheme which is a fully inclusive business model to eradicate food poverty….

. pay for produce customers will be billed on a monthly subscription model and it will go direct from grow centre to customer through existing logistical supply chain infrastructure i.e. amazon or dpd….

. all schools, hospitals, charities and non for profit groups will be given their allocation of free produce significantly reducing the daily operating costs of fundamental social services, thus easing the fiscal pressure on scotlands budget











elderly care REFER TO PAPER BELOW (private insurance model, for better distribution of funds)



!!3 billion annual saving to scottish budget!! 80billion in gross revenue so just under 5% cost saving innovative

. integrate the model for reengineering elderly social care costs through manditory private insurance policies (refer to white paper)

. this spreads the cost the same way car insurance does, whilst increasing the level of renumeration to staff and service to those who are cared for get by enabling higher wages and better care facilities

. can actually be applied to all forms of social care, the main point is to reduce costs through spreading payments through the populations, whilst increasing the service levels for those that need it, whilst offering better facilities and renumeration to staff

civil servants



. no paye or ni for workers on under 30k !!circa 150k workers!!? possible 1billion saving to scottish budget?!?!? as govt pay the wages so why tax them?

. interest free consumer finance (mortgage, car, credit card{1weeks pay} all deducted at source and backed by employer) this attracts candidates and makes them stay in the role for longer…. a job for life is once again available….. this is a socially responsible approach to providing for those that provide for us!!!!

. guaranteed mortgage/car finance with either shared equity scheme or deposited paid by employer and deducted at source over 3-5 years??? economies of scale enable cheaper asset purchases also, which from the car perspective could enable these vehicles to go back onto the market 24months later at the price they have been purchased at….

. the idea here is debt is good but interest is bad as it means more money needs to be created to pay back the principle sum, i.e. you borrow 1mill and pay back 1.1milll, if theres only 1mil there, where does the 100k come from without the reintroduction of money through debt obligations…. this is a move towards the islamic finance model where debt is created and paid back without interest. this benefits the economy in huge ways. we need interest free finance….. truly interest free (not hidden like buy a couch and pay back after 4 years when its just built into the price) look at germany where they have negative interest rates, i.e. you borrow 1mill and pay back 995k…. !!!whole other mandate could be written on the creation of debt and the negative expected value and implications of interest to mature economies!!! in simple debt can never be fully repaid in the system if interest exists as more money is always owed than had initally been lent… this is why germany are doing negative interest rates to take the fake money out of the system…. principle sum always exists but for interest to be paid a further principle sum must be introduced thus devaluing the currency its self and increasing the perceived value of the asset it purchases……









public transport



. capital expenditure on rail network to be part or wholly funded by electricity companies (as they benefit from the trains running on electricity) !!!possible 1.2billion saving annually!!! this is only until the nuclear infrastructure is built for supply, then its state owned (frances most recent took 10 years and 10billion to build) by then the network will be fully electrified…..

. local govt backed electric bus purchase scheme, interest free finance and owner operated network (tap into cert funding? - carbon emissions reduction trust) make these tourist friendly? with multi lingual features i.e. routes, pricing, timetables…… look at the amount of chinese at glasgow uni now…… when we travel we use public transport, tourists here don’t really?!? set up routes between the unis and student accommodation i.e. south street & revamp bus routes to include more densely populated areas with passengers that use the service outwith 9-5 i.e. students & tourists ….

. set up passanger transport route to the airport from the city centre on the clyde? with steam powered ferry? (more hotels being built = more visitors to the city as locals don’t stay in hotels and we don’t have a rail link to the airport, this is now too expensive to build and yes we have buses but they are inefficient due to the low number of passengers they can carry)

. extend the underground network to cover east and north of glasgow, currently only runs south, west and centre…. this can also be funded with an ICO same way as the original railways were funded in america through railway bonds…. this enables social mobility and with city centres definitely moving towards residential again, its makes sense… we have 1 of the oldest and probably least developed underground systems in the world. when was the last time they added a station?

welfare state



. more inclusive and fair distribution of funds for single mothers & fathers, homeless, elderly and disabled which will equate to average annual salary plus cost of care or specialist adaptations i.e. disabled…..

. free energy, free basic fresh food through the introduction of the above initiaves will be hugely impactful to peoples general welfare

. no medium to long term support for the able bodied, socially included demographic, short term grace but put simply the DOLE IS DONE

. longer maternity and paternaty leave, in tandem so parents can nurture their new borns as a couple…. upto 2 years from date of birth from most recent child to a maximum of 2 children per couple, must have been in employment in same role for twice the amount of time taken off i.e. 4years service 2 years off, no direct payroll cost to employer

. not state funded, draw down of future earnings from employer, tax free, but employees HAVE TO GO BACK TO WORK, to make up for this. the govt provides the cashflow for the period of leave and the employer deducts at source to be returned when parents go back to work

. manditory grace period on critical asset purchase payments and associated costs for this time i.e. mortgage/council tax so the draw down from employer is just to pay for food, clothing, nappies etc…. this should enable the parents to only take maybe 25-35% of their wage during the period, which means at the time of back to work they are not burdened by repayment

. reduction of cost of early years care (nurseries) by govt providing the buildings purpose built to operators in a similar model to asset allocation of housing associations. without the capital cost of buildings operators should be able to reduce the cost of care and by owning the buildings the govt expenditure is justifed as its an appreciating balance sheet item… for the purpose of employment status all workers in this sector will be classed as civil servants so they pay no tax…. if wage are 60% in this sector we have just reduced the cost of care by 15% immediately…. for this sector to qualify for public sector funding should work under NEC3 style target cost contracts….. with these measures we could possibly recuse the cost to the govt/customer by 50%

. funds paid out by welfare state are onto a debit card, with restricted purchases and no cash withdrawals i.e. can’t spend on cigarettes, alcohol, drugs or gambling

. preferred supplier list set up with companies i.e. asda where these people get discounted purchases and the state gets favourable terms, these purchases are also VAT exempt…. immediately reduces the cost by 15%

. SSP (sick pay) will be structured through a private insurance policy, this recedes the burden to the govt & employer whilst giving better compensation to the worker should the worst happen. temp cover is provided to the employer through the insurance policy until worker is fit to return.

. new administration system for collating DWP information built on the blockchain, reducing admin time and enabling irregularities to be corrected sooner





education/vocation



. inflow = outflow so in order to fill jobs people should be educated or trained to do them

. a pre defined role that a candidate goes into further education or training for so we don’t have an under or oversupply or certain skills in the labour market

. back fill higher education or training…. so if you’re going to get a degree its cause theres a job for you…. this is why you are being educated or trained through a vocational apprenticeship scheme

. this would reduce the cost of higher education to the state as people won’t be getting worthless degrees or skills. education or training is an investment and investments make money

. with the correct number of candidates in the market fair pricing re wages and carried costs to the businesses customers apply as theres no over or under supply or labour, as the cost of labour which is directly linked to the supply of labour and is a significant part of the end user cost of the product or service on offer

. this is a medium to long term strategy for lowering and sustaining minimal unemployment levels, whilst managing the steady inflow of skills to the labour market

. university endowment funds/carried earnings should be used to invest in vocational based training and skills establishments for those that do not qualify academically or have shown talent in fields to which they have no course offering for… at the end of the day most of the scottish unis money has come from the scottish government, this should be utilised to the benefit of the people with regards to the evolution of the further education system





White paper on reforming how elderly social care is paid for

RE ENGINEERING THE FINACIAL MODEL BEHIND SOCIAL CARE COSTS FOR THE ELDERLY



The objective is to provide funds to cover care home costs should a person need it in later life. The aim is to do this by creating an insurance policy that pays out should the policy holder require care home services. I believe this can be done for £100 per month.




https://www.abi.org.uk/globalassets...cations/public/2016/keyfacts/keyfacts2016.pdf


Uk insurance market overview

Changes in the Older Resident Care Home Population between 2001 and 2011 - Office for National Statistics

3.2% of uk population aged over 65 are in care homes


Elderly care: what you <u>need</u> to know

Average time spent in care home by client is 2-4 years

Target market; 45-60, housing boom wealth generation who want to protect that for kids, people who have private health care.

Policy starts to pay out at 65, at least 5 years of positive cash flow

1.9 million people in uk have private medical insurance

9.24 million people in uk is size of target market

140 out of every 1000 people in the uk aged 42-64

Overview of the UK population - Office for National Statistics

Example below is the minimum as customer has paid in for 5 years and working on 3% utility

Actual accounting method

100 people pay £100 a month
Cost of care is £800 per week

10,000 (100 ppl at £100 pm) x 12 ( months in year) x 5 (years in policy)
= £600,000 in premiums
3% use it, (3 people out of 100) x £800 (weekly care cost) = 2400 x (weeks in year) 52 = £124800 per year
Average time spent in home is 3 years so £374400 paid out

600,000 - 374400 = 225600
225600/12/5/100 (months in policy/years in policy/no of people)
= £37.60 gross profit per monthly £100 premium

With 10,000 customers (0.55%) of people who have private health care policies, or 1 in 924 in uk aged between 42 and 64 the business generates £12million p/a in premium revenue WITH A GROSS PROFIT OF £4.51million

Accrual Accounting

Accrual accounting method

for fixed term policies extending past financial year should enable new customers to pay for existing customers, as long as the term of the new customers contract extends past the expected in flow of existing policy holder to care providers and time spent in the homes by current year policy holders ie. The fixed term of the policy must extend past the expected term of the payout. The cash flow makes this possible by monthly payments both in and out from policy holders to insurance co to care providers.


Tv advertising costs

How much does it cost to advertise on UK TV? Here's what Channel 4, ITV and more charge for slots

Article describing LTCI

Long-term care insurance - Wikipedia

Article showing it’s not on the market anymore

Long-term Care Insurance | Lifetime Health Insurance | GoCompare

Article on blockchain and insurance, use blockchain to save money in admin/reduce over head





Article on reforming social care costs and highlighting issues ahead



https://www.kingsfund.org.uk/sites/...s-for-social-care-funding-reform-May-2018.pdf
 
Blimey, I'm convinced.
You should get a job as Gov advisor
 
Social and economic development framework for the UK (original text focused on Scotland)







key issues



Energy

Government debt

taxation

food

elderly care

civil servant rate of attrition and renumeration structure

public transport

welfare state

education/vocation





energy



. free electricity by raising govt bond to fund nuclear power plant build on 1 of the isles (6billion capital requirement, fixed rate for 30 years @1% p/a = £60mil repayments or £10 per person…… running costs £30 per head per year which is 160million for 4000 staff at total cost of 40k per head…. i.e. £40 per head per annum for unlimited electric… annually

. state governed but set up with a public/private partnership agreement or PFI style scheme?

£££££££ frances most recent cost 10 billion and took 11 years£££££££ this is a long term solution for what will be the increase in demand for power and enables us to be self sustaining there are countries in the world who provide close to free electric i.e. sudan, iran, libya. this is from oil yes but it can be done…… the uk is in the top 10 most expensive countries for power in the world…. we are a technologically and economically developed nation. capitalism should reduce the cost of hyper consumable, must use products and services, not increase them!! heat and light is not a luxury, we should be provided with a solution to have this for as close to free as possible.

. this could also be funded by doing an ICO i.e. the scottish energy coin, to raise money and income derived from the project can be paid back to coin holders….. can tap into carbon reduction funds as an income to coin holders…..

this is a new concept and most if not all digital assets in this arena do not provide an income

. could lead to scotland having their own central banking system, the first built on digital currency… john law made the bank of france, the central banking model followed by the rest of the world… lets innovate again







Government debt



With the current uk govt debt at levels of 98% to gdp, we need an alternative approach restructuring our countries balance sheet. From 2008 onwards the uk gilt market exploded, we went from 35% debt to gdp to 70% debt to gdp in the 5 years following the 2008 crash and in the previous 10 years levels have reached nearly 100%.



The holders of these gilts are broken down into 3 categories being; the bank of England, uk financial institutions and overseas investors. They hold roughly 1/3 of the portfolio each. The current uk gilt market cap is £2.1 trillion. Projected redemptions for this year are £150 billion and next £165 billion, these figures include interest payments of circa £50billion. Relative to uk govt expenditure this is our 3nd largest outgoing, first being social protection of £302 billion and 2nd being health of £230 billion…. Gilt receipts and redemptions (capital amount) are not stated in our public sector spending and receipts on the annual UK budget.



Possible alternative approaches, to improve the uks current economic standing, for the three categories of gilt holders are suggested below.



The bank of England should and could write off our public debt, this has a massive positive contribution to society and is morally correct. Its of no consequence to them because they simply printed the money out of fresh air. Based on this we shouldn’t have to pay it back.



Uk Financial institutions as gilt holders are most likely pension funds or insurance companies, as the product acts as a hedging instrument for inflation and provides a solid balance sheet item to add credibility to the company itself as well as the obvious cashflow benefits. The immediate solution is for indefinite forbearance, and in return the holders of the gilts will receive tax relief to the equivalent amount of the asset it holds in forms of paye/ni/corp tax and vat relief. For pension funds that require outflow to pension holders the government simply takes on this cash flow. Our current pension commitments outflowing from the treasury are circa £100billion p/a based on the current gilt holders return of circa 2% this adds £13billion p/a to our pension commitments.



Overseas investors need to be evaluated on a case by case basis, with a view to contra-ing out any national debt obligations ie France holds £50billion but owes us £50billion, this should and could be voided. Otherwise as a state that’s no longer part of any free trade agreements, and as a net importer of goods we can give import tax relief to the countries or corporations that are the holders of the gilts.



The above highlighted could go someway to improving our countries economic health and may also enable us to lower taxtation, increase the state pension, reduce the age of acceptance into a state pension program, improve state health care facilities and just generally redistribute funds in a more socially beneficial way.

taxation



. no paye or ni for civil servants, ceiling and specifics detailed below under civil servants heading

. fixed rate corporation tax with a ceiling of 50million per company? number needs to be worked out but this is to attract mega cap corporations to uk to be headquartered, suits the staff if we can roll out low fixed rate income tax….

. no paye or ni for people under the average national salary, fixed rate of paye of 10% on everything else

. Ni privatisation under the model of reengineering social elderly costs….. price point to be determined as cessation of tax and ni to nhs staff/ privatising elderly social care costs and further cost saving innatives significantly reduce the fiscal burden (assets run by ppp providers under nec3 contracts) this is a socially inclusive policy, no one will be ruled out, insurance payments collected at source from companies, insurance companies use inflow of cash to build assets relative to forth coming care requirements, i.e. invest in the infrastructure, invest in our future

. no tax on pension withdrawals

. no inheritance tax

. capital gains roll over relief on all asset classes, gain only realised when asset class has been exited. this enables growth for entrepreneurs and innovators

.



food



. turn agriculture into a GVA (gross value added) sector, as opposed to subsidised by automating growing of fruit and veg through vertical farming process, hugely increases the efficacy of land by enabling more growth of crop per sq ft, reduces labour costs as picking will be automated, and also enables all year round growth 24hrs a day due to greenhouse climate created….. this could reduce the cost of fresh produce by 95%…..

. set up trade deal with england for supply of produce to fund 1.5billion annual scottish spend on the products. england spend over 10billion per year on fresh produce…. this can add billions to scotlands fiscal revenue

. people under the national average salary get free fruit and veg under an allocation scheme which is a fully inclusive business model to eradicate food poverty….

. pay for produce customers will be billed on a monthly subscription model and it will go direct from grow centre to customer through existing logistical supply chain infrastructure i.e. amazon or dpd….

. all schools, hospitals, charities and non for profit groups will be given their allocation of free produce significantly reducing the daily operating costs of fundamental social services, thus easing the fiscal pressure on scotlands budget











elderly care REFER TO PAPER BELOW (private insurance model, for better distribution of funds)



!!3 billion annual saving to scottish budget!! 80billion in gross revenue so just under 5% cost saving innovative

. integrate the model for reengineering elderly social care costs through manditory private insurance policies (refer to white paper)

. this spreads the cost the same way car insurance does, whilst increasing the level of renumeration to staff and service to those who are cared for get by enabling higher wages and better care facilities

. can actually be applied to all forms of social care, the main point is to reduce costs through spreading payments through the populations, whilst increasing the service levels for those that need it, whilst offering better facilities and renumeration to staff

civil servants



. no paye or ni for workers on under 30k !!circa 150k workers!!? possible 1billion saving to scottish budget?!?!? as govt pay the wages so why tax them?

. interest free consumer finance (mortgage, car, credit card{1weeks pay} all deducted at source and backed by employer) this attracts candidates and makes them stay in the role for longer…. a job for life is once again available….. this is a socially responsible approach to providing for those that provide for us!!!!

. guaranteed mortgage/car finance with either shared equity scheme or deposited paid by employer and deducted at source over 3-5 years??? economies of scale enable cheaper asset purchases also, which from the car perspective could enable these vehicles to go back onto the market 24months later at the price they have been purchased at….

. the idea here is debt is good but interest is bad as it means more money needs to be created to pay back the principle sum, i.e. you borrow 1mill and pay back 1.1milll, if theres only 1mil there, where does the 100k come from without the reintroduction of money through debt obligations…. this is a move towards the islamic finance model where debt is created and paid back without interest. this benefits the economy in huge ways. we need interest free finance….. truly interest free (not hidden like buy a couch and pay back after 4 years when its just built into the price) look at germany where they have negative interest rates, i.e. you borrow 1mill and pay back 995k…. !!!whole other mandate could be written on the creation of debt and the negative expected value and implications of interest to mature economies!!! in simple debt can never be fully repaid in the system if interest exists as more money is always owed than had initally been lent… this is why germany are doing negative interest rates to take the fake money out of the system…. principle sum always exists but for interest to be paid a further principle sum must be introduced thus devaluing the currency its self and increasing the perceived value of the asset it purchases……









public transport



. capital expenditure on rail network to be part or wholly funded by electricity companies (as they benefit from the trains running on electricity) !!!possible 1.2billion saving annually!!! this is only until the nuclear infrastructure is built for supply, then its state owned (frances most recent took 10 years and 10billion to build) by then the network will be fully electrified…..

. local govt backed electric bus purchase scheme, interest free finance and owner operated network (tap into cert funding? - carbon emissions reduction trust) make these tourist friendly? with multi lingual features i.e. routes, pricing, timetables…… look at the amount of chinese at glasgow uni now…… when we travel we use public transport, tourists here don’t really?!? set up routes between the unis and student accommodation i.e. south street & revamp bus routes to include more densely populated areas with passengers that use the service outwith 9-5 i.e. students & tourists ….

. set up passanger transport route to the airport from the city centre on the clyde? with steam powered ferry? (more hotels being built = more visitors to the city as locals don’t stay in hotels and we don’t have a rail link to the airport, this is now too expensive to build and yes we have buses but they are inefficient due to the low number of passengers they can carry)

. extend the underground network to cover east and north of glasgow, currently only runs south, west and centre…. this can also be funded with an ICO same way as the original railways were funded in america through railway bonds…. this enables social mobility and with city centres definitely moving towards residential again, its makes sense… we have 1 of the oldest and probably least developed underground systems in the world. when was the last time they added a station?

welfare state



. more inclusive and fair distribution of funds for single mothers & fathers, homeless, elderly and disabled which will equate to average annual salary plus cost of care or specialist adaptations i.e. disabled…..

. free energy, free basic fresh food through the introduction of the above initiaves will be hugely impactful to peoples general welfare

. no medium to long term support for the able bodied, socially included demographic, short term grace but put simply the DOLE IS DONE

. longer maternity and paternaty leave, in tandem so parents can nurture their new borns as a couple…. upto 2 years from date of birth from most recent child to a maximum of 2 children per couple, must have been in employment in same role for twice the amount of time taken off i.e. 4years service 2 years off, no direct payroll cost to employer

. not state funded, draw down of future earnings from employer, tax free, but employees HAVE TO GO BACK TO WORK, to make up for this. the govt provides the cashflow for the period of leave and the employer deducts at source to be returned when parents go back to work

. manditory grace period on critical asset purchase payments and associated costs for this time i.e. mortgage/council tax so the draw down from employer is just to pay for food, clothing, nappies etc…. this should enable the parents to only take maybe 25-35% of their wage during the period, which means at the time of back to work they are not burdened by repayment

. reduction of cost of early years care (nurseries) by govt providing the buildings purpose built to operators in a similar model to asset allocation of housing associations. without the capital cost of buildings operators should be able to reduce the cost of care and by owning the buildings the govt expenditure is justifed as its an appreciating balance sheet item… for the purpose of employment status all workers in this sector will be classed as civil servants so they pay no tax…. if wage are 60% in this sector we have just reduced the cost of care by 15% immediately…. for this sector to qualify for public sector funding should work under NEC3 style target cost contracts….. with these measures we could possibly recuse the cost to the govt/customer by 50%

. funds paid out by welfare state are onto a debit card, with restricted purchases and no cash withdrawals i.e. can’t spend on cigarettes, alcohol, drugs or gambling

. preferred supplier list set up with companies i.e. asda where these people get discounted purchases and the state gets favourable terms, these purchases are also VAT exempt…. immediately reduces the cost by 15%

. SSP (sick pay) will be structured through a private insurance policy, this recedes the burden to the govt & employer whilst giving better compensation to the worker should the worst happen. temp cover is provided to the employer through the insurance policy until worker is fit to return.

. new administration system for collating DWP information built on the blockchain, reducing admin time and enabling irregularities to be corrected sooner





education/vocation



. inflow = outflow so in order to fill jobs people should be educated or trained to do them

. a pre defined role that a candidate goes into further education or training for so we don’t have an under or oversupply or certain skills in the labour market

. back fill higher education or training…. so if you’re going to get a degree its cause theres a job for you…. this is why you are being educated or trained through a vocational apprenticeship scheme

. this would reduce the cost of higher education to the state as people won’t be getting worthless degrees or skills. education or training is an investment and investments make money

. with the correct number of candidates in the market fair pricing re wages and carried costs to the businesses customers apply as theres no over or under supply or labour, as the cost of labour which is directly linked to the supply of labour and is a significant part of the end user cost of the product or service on offer

. this is a medium to long term strategy for lowering and sustaining minimal unemployment levels, whilst managing the steady inflow of skills to the labour market

. university endowment funds/carried earnings should be used to invest in vocational based training and skills establishments for those that do not qualify academically or have shown talent in fields to which they have no course offering for… at the end of the day most of the scottish unis money has come from the scottish government, this should be utilised to the benefit of the people with regards to the evolution of the further education system





White paper on reforming how elderly social care is paid for

RE ENGINEERING THE FINACIAL MODEL BEHIND SOCIAL CARE COSTS FOR THE ELDERLY



The objective is to provide funds to cover care home costs should a person need it in later life. The aim is to do this by creating an insurance policy that pays out should the policy holder require care home services. I believe this can be done for £100 per month.




https://www.abi.org.uk/globalassets...cations/public/2016/keyfacts/keyfacts2016.pdf


Uk insurance market overview

Changes in the Older Resident Care Home Population between 2001 and 2011 - Office for National Statistics

3.2% of uk population aged over 65 are in care homes


Elderly care: what you <u>need</u> to know

Average time spent in care home by client is 2-4 years

Target market; 45-60, housing boom wealth generation who want to protect that for kids, people who have private health care.

Policy starts to pay out at 65, at least 5 years of positive cash flow

1.9 million people in uk have private medical insurance

9.24 million people in uk is size of target market

140 out of every 1000 people in the uk aged 42-64

Overview of the UK population - Office for National Statistics

Example below is the minimum as customer has paid in for 5 years and working on 3% utility

Actual accounting method

100 people pay £100 a month
Cost of care is £800 per week

10,000 (100 ppl at £100 pm) x 12 ( months in year) x 5 (years in policy)
= £600,000 in premiums
3% use it, (3 people out of 100) x £800 (weekly care cost) = 2400 x (weeks in year) 52 = £124800 per year
Average time spent in home is 3 years so £374400 paid out

600,000 - 374400 = 225600
225600/12/5/100 (months in policy/years in policy/no of people)
= £37.60 gross profit per monthly £100 premium

With 10,000 customers (0.55%) of people who have private health care policies, or 1 in 924 in uk aged between 42 and 64 the business generates £12million p/a in premium revenue WITH A GROSS PROFIT OF £4.51million

Accrual Accounting

Accrual accounting method

for fixed term policies extending past financial year should enable new customers to pay for existing customers, as long as the term of the new customers contract extends past the expected in flow of existing policy holder to care providers and time spent in the homes by current year policy holders ie. The fixed term of the policy must extend past the expected term of the payout. The cash flow makes this possible by monthly payments both in and out from policy holders to insurance co to care providers.


Tv advertising costs

How much does it cost to advertise on UK TV? Here's what Channel 4, ITV and more charge for slots

Article describing LTCI

Long-term care insurance - Wikipedia

Article showing it’s not on the market anymore

Long-term Care Insurance | Lifetime Health Insurance | GoCompare

Article on blockchain and insurance, use blockchain to save money in admin/reduce over head





Article on reforming social care costs and highlighting issues ahead



https://www.kingsfund.org.uk/sites/...s-for-social-care-funding-reform-May-2018.pdf

Some interesting ideas but this MMT notion that free money can be printed without consequences is a massive experiment and unravelling as we speak.
 
Social and economic development framework for the UK (original text focused on Scotland)







key issues



Energy

Government debt

taxation

food

elderly care

civil servant rate of attrition and renumeration structure

public transport

welfare state

education/vocation





energy



. free electricity by raising govt bond to fund nuclear power plant build on 1 of the isles (6billion capital requirement, fixed rate for 30 years @1% p/a = £60mil repayments or £10 per person…… running costs £30 per head per year which is 160million for 4000 staff at total cost of 40k per head…. i.e. £40 per head per annum for unlimited electric… annually

. state governed but set up with a public/private partnership agreement or PFI style scheme?

£££££££ frances most recent cost 10 billion and took 11 years£££££££ this is a long term solution for what will be the increase in demand for power and enables us to be self sustaining there are countries in the world who provide close to free electric i.e. sudan, iran, libya. this is from oil yes but it can be done…… the uk is in the top 10 most expensive countries for power in the world…. we are a technologically and economically developed nation. capitalism should reduce the cost of hyper consumable, must use products and services, not increase them!! heat and light is not a luxury, we should be provided with a solution to have this for as close to free as possible.

. this could also be funded by doing an ICO i.e. the scottish energy coin, to raise money and income derived from the project can be paid back to coin holders….. can tap into carbon reduction funds as an income to coin holders…..

this is a new concept and most if not all digital assets in this arena do not provide an income

. could lead to scotland having their own central banking system, the first built on digital currency… john law made the bank of france, the central banking model followed by the rest of the world… lets innovate again







Government debt



With the current uk govt debt at levels of 98% to gdp, we need an alternative approach restructuring our countries balance sheet. From 2008 onwards the uk gilt market exploded, we went from 35% debt to gdp to 70% debt to gdp in the 5 years following the 2008 crash and in the previous 10 years levels have reached nearly 100%.



The holders of these gilts are broken down into 3 categories being; the bank of England, uk financial institutions and overseas investors. They hold roughly 1/3 of the portfolio each. The current uk gilt market cap is £2.1 trillion. Projected redemptions for this year are £150 billion and next £165 billion, these figures include interest payments of circa £50billion. Relative to uk govt expenditure this is our 3nd largest outgoing, first being social protection of £302 billion and 2nd being health of £230 billion…. Gilt receipts and redemptions (capital amount) are not stated in our public sector spending and receipts on the annual UK budget.



Possible alternative approaches, to improve the uks current economic standing, for the three categories of gilt holders are suggested below.



The bank of England should and could write off our public debt, this has a massive positive contribution to society and is morally correct. Its of no consequence to them because they simply printed the money out of fresh air. Based on this we shouldn’t have to pay it back.



Uk Financial institutions as gilt holders are most likely pension funds or insurance companies, as the product acts as a hedging instrument for inflation and provides a solid balance sheet item to add credibility to the company itself as well as the obvious cashflow benefits. The immediate solution is for indefinite forbearance, and in return the holders of the gilts will receive tax relief to the equivalent amount of the asset it holds in forms of paye/ni/corp tax and vat relief. For pension funds that require outflow to pension holders the government simply takes on this cash flow. Our current pension commitments outflowing from the treasury are circa £100billion p/a based on the current gilt holders return of circa 2% this adds £13billion p/a to our pension commitments.



Overseas investors need to be evaluated on a case by case basis, with a view to contra-ing out any national debt obligations ie France holds £50billion but owes us £50billion, this should and could be voided. Otherwise as a state that’s no longer part of any free trade agreements, and as a net importer of goods we can give import tax relief to the countries or corporations that are the holders of the gilts.



The above highlighted could go someway to improving our countries economic health and may also enable us to lower taxtation, increase the state pension, reduce the age of acceptance into a state pension program, improve state health care facilities and just generally redistribute funds in a more socially beneficial way.

taxation



. no paye or ni for civil servants, ceiling and specifics detailed below under civil servants heading

. fixed rate corporation tax with a ceiling of 50million per company? number needs to be worked out but this is to attract mega cap corporations to uk to be headquartered, suits the staff if we can roll out low fixed rate income tax….

. no paye or ni for people under the average national salary, fixed rate of paye of 10% on everything else

. Ni privatisation under the model of reengineering social elderly costs….. price point to be determined as cessation of tax and ni to nhs staff/ privatising elderly social care costs and further cost saving innatives significantly reduce the fiscal burden (assets run by ppp providers under nec3 contracts) this is a socially inclusive policy, no one will be ruled out, insurance payments collected at source from companies, insurance companies use inflow of cash to build assets relative to forth coming care requirements, i.e. invest in the infrastructure, invest in our future

. no tax on pension withdrawals

. no inheritance tax

. capital gains roll over relief on all asset classes, gain only realised when asset class has been exited. this enables growth for entrepreneurs and innovators

.



food



. turn agriculture into a GVA (gross value added) sector, as opposed to subsidised by automating growing of fruit and veg through vertical farming process, hugely increases the efficacy of land by enabling more growth of crop per sq ft, reduces labour costs as picking will be automated, and also enables all year round growth 24hrs a day due to greenhouse climate created….. this could reduce the cost of fresh produce by 95%…..

. set up trade deal with england for supply of produce to fund 1.5billion annual scottish spend on the products. england spend over 10billion per year on fresh produce…. this can add billions to scotlands fiscal revenue

. people under the national average salary get free fruit and veg under an allocation scheme which is a fully inclusive business model to eradicate food poverty….

. pay for produce customers will be billed on a monthly subscription model and it will go direct from grow centre to customer through existing logistical supply chain infrastructure i.e. amazon or dpd….

. all schools, hospitals, charities and non for profit groups will be given their allocation of free produce significantly reducing the daily operating costs of fundamental social services, thus easing the fiscal pressure on scotlands budget











elderly care REFER TO PAPER BELOW (private insurance model, for better distribution of funds)



!!3 billion annual saving to scottish budget!! 80billion in gross revenue so just under 5% cost saving innovative

. integrate the model for reengineering elderly social care costs through manditory private insurance policies (refer to white paper)

. this spreads the cost the same way car insurance does, whilst increasing the level of renumeration to staff and service to those who are cared for get by enabling higher wages and better care facilities

. can actually be applied to all forms of social care, the main point is to reduce costs through spreading payments through the populations, whilst increasing the service levels for those that need it, whilst offering better facilities and renumeration to staff

civil servants



. no paye or ni for workers on under 30k !!circa 150k workers!!? possible 1billion saving to scottish budget?!?!? as govt pay the wages so why tax them?

. interest free consumer finance (mortgage, car, credit card{1weeks pay} all deducted at source and backed by employer) this attracts candidates and makes them stay in the role for longer…. a job for life is once again available….. this is a socially responsible approach to providing for those that provide for us!!!!

. guaranteed mortgage/car finance with either shared equity scheme or deposited paid by employer and deducted at source over 3-5 years??? economies of scale enable cheaper asset purchases also, which from the car perspective could enable these vehicles to go back onto the market 24months later at the price they have been purchased at….

. the idea here is debt is good but interest is bad as it means more money needs to be created to pay back the principle sum, i.e. you borrow 1mill and pay back 1.1milll, if theres only 1mil there, where does the 100k come from without the reintroduction of money through debt obligations…. this is a move towards the islamic finance model where debt is created and paid back without interest. this benefits the economy in huge ways. we need interest free finance….. truly interest free (not hidden like buy a couch and pay back after 4 years when its just built into the price) look at germany where they have negative interest rates, i.e. you borrow 1mill and pay back 995k…. !!!whole other mandate could be written on the creation of debt and the negative expected value and implications of interest to mature economies!!! in simple debt can never be fully repaid in the system if interest exists as more money is always owed than had initally been lent… this is why germany are doing negative interest rates to take the fake money out of the system…. principle sum always exists but for interest to be paid a further principle sum must be introduced thus devaluing the currency its self and increasing the perceived value of the asset it purchases……









public transport



. capital expenditure on rail network to be part or wholly funded by electricity companies (as they benefit from the trains running on electricity) !!!possible 1.2billion saving annually!!! this is only until the nuclear infrastructure is built for supply, then its state owned (frances most recent took 10 years and 10billion to build) by then the network will be fully electrified…..

. local govt backed electric bus purchase scheme, interest free finance and owner operated network (tap into cert funding? - carbon emissions reduction trust) make these tourist friendly? with multi lingual features i.e. routes, pricing, timetables…… look at the amount of chinese at glasgow uni now…… when we travel we use public transport, tourists here don’t really?!? set up routes between the unis and student accommodation i.e. south street & revamp bus routes to include more densely populated areas with passengers that use the service outwith 9-5 i.e. students & tourists ….

. set up passanger transport route to the airport from the city centre on the clyde? with steam powered ferry? (more hotels being built = more visitors to the city as locals don’t stay in hotels and we don’t have a rail link to the airport, this is now too expensive to build and yes we have buses but they are inefficient due to the low number of passengers they can carry)

. extend the underground network to cover east and north of glasgow, currently only runs south, west and centre…. this can also be funded with an ICO same way as the original railways were funded in america through railway bonds…. this enables social mobility and with city centres definitely moving towards residential again, its makes sense… we have 1 of the oldest and probably least developed underground systems in the world. when was the last time they added a station?

welfare state



. more inclusive and fair distribution of funds for single mothers & fathers, homeless, elderly and disabled which will equate to average annual salary plus cost of care or specialist adaptations i.e. disabled…..

. free energy, free basic fresh food through the introduction of the above initiaves will be hugely impactful to peoples general welfare

. no medium to long term support for the able bodied, socially included demographic, short term grace but put simply the DOLE IS DONE

. longer maternity and paternaty leave, in tandem so parents can nurture their new borns as a couple…. upto 2 years from date of birth from most recent child to a maximum of 2 children per couple, must have been in employment in same role for twice the amount of time taken off i.e. 4years service 2 years off, no direct payroll cost to employer

. not state funded, draw down of future earnings from employer, tax free, but employees HAVE TO GO BACK TO WORK, to make up for this. the govt provides the cashflow for the period of leave and the employer deducts at source to be returned when parents go back to work

. manditory grace period on critical asset purchase payments and associated costs for this time i.e. mortgage/council tax so the draw down from employer is just to pay for food, clothing, nappies etc…. this should enable the parents to only take maybe 25-35% of their wage during the period, which means at the time of back to work they are not burdened by repayment

. reduction of cost of early years care (nurseries) by govt providing the buildings purpose built to operators in a similar model to asset allocation of housing associations. without the capital cost of buildings operators should be able to reduce the cost of care and by owning the buildings the govt expenditure is justifed as its an appreciating balance sheet item… for the purpose of employment status all workers in this sector will be classed as civil servants so they pay no tax…. if wage are 60% in this sector we have just reduced the cost of care by 15% immediately…. for this sector to qualify for public sector funding should work under NEC3 style target cost contracts….. with these measures we could possibly recuse the cost to the govt/customer by 50%

. funds paid out by welfare state are onto a debit card, with restricted purchases and no cash withdrawals i.e. can’t spend on cigarettes, alcohol, drugs or gambling

. preferred supplier list set up with companies i.e. asda where these people get discounted purchases and the state gets favourable terms, these purchases are also VAT exempt…. immediately reduces the cost by 15%

. SSP (sick pay) will be structured through a private insurance policy, this recedes the burden to the govt & employer whilst giving better compensation to the worker should the worst happen. temp cover is provided to the employer through the insurance policy until worker is fit to return.

. new administration system for collating DWP information built on the blockchain, reducing admin time and enabling irregularities to be corrected sooner





education/vocation



. inflow = outflow so in order to fill jobs people should be educated or trained to do them

. a pre defined role that a candidate goes into further education or training for so we don’t have an under or oversupply or certain skills in the labour market

. back fill higher education or training…. so if you’re going to get a degree its cause theres a job for you…. this is why you are being educated or trained through a vocational apprenticeship scheme

. this would reduce the cost of higher education to the state as people won’t be getting worthless degrees or skills. education or training is an investment and investments make money

. with the correct number of candidates in the market fair pricing re wages and carried costs to the businesses customers apply as theres no over or under supply or labour, as the cost of labour which is directly linked to the supply of labour and is a significant part of the end user cost of the product or service on offer

. this is a medium to long term strategy for lowering and sustaining minimal unemployment levels, whilst managing the steady inflow of skills to the labour market

. university endowment funds/carried earnings should be used to invest in vocational based training and skills establishments for those that do not qualify academically or have shown talent in fields to which they have no course offering for… at the end of the day most of the scottish unis money has come from the scottish government, this should be utilised to the benefit of the people with regards to the evolution of the further education system





White paper on reforming how elderly social care is paid for

RE ENGINEERING THE FINACIAL MODEL BEHIND SOCIAL CARE COSTS FOR THE ELDERLY



The objective is to provide funds to cover care home costs should a person need it in later life. The aim is to do this by creating an insurance policy that pays out should the policy holder require care home services. I believe this can be done for £100 per month.




https://www.abi.org.uk/globalassets...cations/public/2016/keyfacts/keyfacts2016.pdf


Uk insurance market overview

Changes in the Older Resident Care Home Population between 2001 and 2011 - Office for National Statistics

3.2% of uk population aged over 65 are in care homes


Elderly care: what you <u>need</u> to know

Average time spent in care home by client is 2-4 years

Target market; 45-60, housing boom wealth generation who want to protect that for kids, people who have private health care.

Policy starts to pay out at 65, at least 5 years of positive cash flow

1.9 million people in uk have private medical insurance

9.24 million people in uk is size of target market

140 out of every 1000 people in the uk aged 42-64

Overview of the UK population - Office for National Statistics

Example below is the minimum as customer has paid in for 5 years and working on 3% utility

Actual accounting method

100 people pay £100 a month
Cost of care is £800 per week

10,000 (100 ppl at £100 pm) x 12 ( months in year) x 5 (years in policy)
= £600,000 in premiums
3% use it, (3 people out of 100) x £800 (weekly care cost) = 2400 x (weeks in year) 52 = £124800 per year
Average time spent in home is 3 years so £374400 paid out

600,000 - 374400 = 225600
225600/12/5/100 (months in policy/years in policy/no of people)
= £37.60 gross profit per monthly £100 premium

With 10,000 customers (0.55%) of people who have private health care policies, or 1 in 924 in uk aged between 42 and 64 the business generates £12million p/a in premium revenue WITH A GROSS PROFIT OF £4.51million

Accrual Accounting

Accrual accounting method

for fixed term policies extending past financial year should enable new customers to pay for existing customers, as long as the term of the new customers contract extends past the expected in flow of existing policy holder to care providers and time spent in the homes by current year policy holders ie. The fixed term of the policy must extend past the expected term of the payout. The cash flow makes this possible by monthly payments both in and out from policy holders to insurance co to care providers.


Tv advertising costs

How much does it cost to advertise on UK TV? Here's what Channel 4, ITV and more charge for slots

Article describing LTCI

Long-term care insurance - Wikipedia

Article showing it’s not on the market anymore

Long-term Care Insurance | Lifetime Health Insurance | GoCompare

Article on blockchain and insurance, use blockchain to save money in admin/reduce over head





Article on reforming social care costs and highlighting issues ahead



https://www.kingsfund.org.uk/sites/...s-for-social-care-funding-reform-May-2018.pdf

You’ve found the magic money tree 🌲 😊
 
Is this some sort of manifesto?! It’s got a spammy feel to it. First post and all that.,,
 
Social and economic development framework for the UK (original text focused on Scotland)







key issues



Energy

Government debt

taxation

food

elderly care

civil servant rate of attrition and renumeration structure

public transport

welfare state

education/vocation





energy



. free electricity by raising govt bond to fund nuclear power plant build on 1 of the isles (6billion capital requirement, fixed rate for 30 years @1% p/a = £60mil repayments or £10 per person…… running costs £30 per head per year which is 160million for 4000 staff at total cost of 40k per head…. i.e. £40 per head per annum for unlimited electric… annually

. state governed but set up with a public/private partnership agreement or PFI style scheme?

£££££££ frances most recent cost 10 billion and took 11 years£££££££ this is a long term solution for what will be the increase in demand for power and enables us to be self sustaining there are countries in the world who provide close to free electric i.e. sudan, iran, libya. this is from oil yes but it can be done…… the uk is in the top 10 most expensive countries for power in the world…. we are a technologically and economically developed nation. capitalism should reduce the cost of hyper consumable, must use products and services, not increase them!! heat and light is not a luxury, we should be provided with a solution to have this for as close to free as possible.

. this could also be funded by doing an ICO i.e. the scottish energy coin, to raise money and income derived from the project can be paid back to coin holders….. can tap into carbon reduction funds as an income to coin holders…..

this is a new concept and most if not all digital assets in this arena do not provide an income

. could lead to scotland having their own central banking system, the first built on digital currency… john law made the bank of france, the central banking model followed by the rest of the world… lets innovate again







Government debt



With the current uk govt debt at levels of 98% to gdp, we need an alternative approach restructuring our countries balance sheet. From 2008 onwards the uk gilt market exploded, we went from 35% debt to gdp to 70% debt to gdp in the 5 years following the 2008 crash and in the previous 10 years levels have reached nearly 100%.



The holders of these gilts are broken down into 3 categories being; the bank of England, uk financial institutions and overseas investors. They hold roughly 1/3 of the portfolio each. The current uk gilt market cap is £2.1 trillion. Projected redemptions for this year are £150 billion and next £165 billion, these figures include interest payments of circa £50billion. Relative to uk govt expenditure this is our 3nd largest outgoing, first being social protection of £302 billion and 2nd being health of £230 billion…. Gilt receipts and redemptions (capital amount) are not stated in our public sector spending and receipts on the annual UK budget.



Possible alternative approaches, to improve the uks current economic standing, for the three categories of gilt holders are suggested below.



The bank of England should and could write off our public debt, this has a massive positive contribution to society and is morally correct. Its of no consequence to them because they simply printed the money out of fresh air. Based on this we shouldn’t have to pay it back.



Uk Financial institutions as gilt holders are most likely pension funds or insurance companies, as the product acts as a hedging instrument for inflation and provides a solid balance sheet item to add credibility to the company itself as well as the obvious cashflow benefits. The immediate solution is for indefinite forbearance, and in return the holders of the gilts will receive tax relief to the equivalent amount of the asset it holds in forms of paye/ni/corp tax and vat relief. For pension funds that require outflow to pension holders the government simply takes on this cash flow. Our current pension commitments outflowing from the treasury are circa £100billion p/a based on the current gilt holders return of circa 2% this adds £13billion p/a to our pension commitments.



Overseas investors need to be evaluated on a case by case basis, with a view to contra-ing out any national debt obligations ie France holds £50billion but owes us £50billion, this should and could be voided. Otherwise as a state that’s no longer part of any free trade agreements, and as a net importer of goods we can give import tax relief to the countries or corporations that are the holders of the gilts.



The above highlighted could go someway to improving our countries economic health and may also enable us to lower taxtation, increase the state pension, reduce the age of acceptance into a state pension program, improve state health care facilities and just generally redistribute funds in a more socially beneficial way.

taxation



. no paye or ni for civil servants, ceiling and specifics detailed below under civil servants heading

. fixed rate corporation tax with a ceiling of 50million per company? number needs to be worked out but this is to attract mega cap corporations to uk to be headquartered, suits the staff if we can roll out low fixed rate income tax….

. no paye or ni for people under the average national salary, fixed rate of paye of 10% on everything else

. Ni privatisation under the model of reengineering social elderly costs….. price point to be determined as cessation of tax and ni to nhs staff/ privatising elderly social care costs and further cost saving innatives significantly reduce the fiscal burden (assets run by ppp providers under nec3 contracts) this is a socially inclusive policy, no one will be ruled out, insurance payments collected at source from companies, insurance companies use inflow of cash to build assets relative to forth coming care requirements, i.e. invest in the infrastructure, invest in our future

. no tax on pension withdrawals

. no inheritance tax

. capital gains roll over relief on all asset classes, gain only realised when asset class has been exited. this enables growth for entrepreneurs and innovators

.



food



. turn agriculture into a GVA (gross value added) sector, as opposed to subsidised by automating growing of fruit and veg through vertical farming process, hugely increases the efficacy of land by enabling more growth of crop per sq ft, reduces labour costs as picking will be automated, and also enables all year round growth 24hrs a day due to greenhouse climate created….. this could reduce the cost of fresh produce by 95%…..

. set up trade deal with england for supply of produce to fund 1.5billion annual scottish spend on the products. england spend over 10billion per year on fresh produce…. this can add billions to scotlands fiscal revenue

. people under the national average salary get free fruit and veg under an allocation scheme which is a fully inclusive business model to eradicate food poverty….

. pay for produce customers will be billed on a monthly subscription model and it will go direct from grow centre to customer through existing logistical supply chain infrastructure i.e. amazon or dpd….

. all schools, hospitals, charities and non for profit groups will be given their allocation of free produce significantly reducing the daily operating costs of fundamental social services, thus easing the fiscal pressure on scotlands budget











elderly care REFER TO PAPER BELOW (private insurance model, for better distribution of funds)



!!3 billion annual saving to scottish budget!! 80billion in gross revenue so just under 5% cost saving innovative

. integrate the model for reengineering elderly social care costs through manditory private insurance policies (refer to white paper)

. this spreads the cost the same way car insurance does, whilst increasing the level of renumeration to staff and service to those who are cared for get by enabling higher wages and better care facilities

. can actually be applied to all forms of social care, the main point is to reduce costs through spreading payments through the populations, whilst increasing the service levels for those that need it, whilst offering better facilities and renumeration to staff

civil servants



. no paye or ni for workers on under 30k !!circa 150k workers!!? possible 1billion saving to scottish budget?!?!? as govt pay the wages so why tax them?

. interest free consumer finance (mortgage, car, credit card{1weeks pay} all deducted at source and backed by employer) this attracts candidates and makes them stay in the role for longer…. a job for life is once again available….. this is a socially responsible approach to providing for those that provide for us!!!!

. guaranteed mortgage/car finance with either shared equity scheme or deposited paid by employer and deducted at source over 3-5 years??? economies of scale enable cheaper asset purchases also, which from the car perspective could enable these vehicles to go back onto the market 24months later at the price they have been purchased at….

. the idea here is debt is good but interest is bad as it means more money needs to be created to pay back the principle sum, i.e. you borrow 1mill and pay back 1.1milll, if theres only 1mil there, where does the 100k come from without the reintroduction of money through debt obligations…. this is a move towards the islamic finance model where debt is created and paid back without interest. this benefits the economy in huge ways. we need interest free finance….. truly interest free (not hidden like buy a couch and pay back after 4 years when its just built into the price) look at germany where they have negative interest rates, i.e. you borrow 1mill and pay back 995k…. !!!whole other mandate could be written on the creation of debt and the negative expected value and implications of interest to mature economies!!! in simple debt can never be fully repaid in the system if interest exists as more money is always owed than had initally been lent… this is why germany are doing negative interest rates to take the fake money out of the system…. principle sum always exists but for interest to be paid a further principle sum must be introduced thus devaluing the currency its self and increasing the perceived value of the asset it purchases……









public transport



. capital expenditure on rail network to be part or wholly funded by electricity companies (as they benefit from the trains running on electricity) !!!possible 1.2billion saving annually!!! this is only until the nuclear infrastructure is built for supply, then its state owned (frances most recent took 10 years and 10billion to build) by then the network will be fully electrified…..

. local govt backed electric bus purchase scheme, interest free finance and owner operated network (tap into cert funding? - carbon emissions reduction trust) make these tourist friendly? with multi lingual features i.e. routes, pricing, timetables…… look at the amount of chinese at glasgow uni now…… when we travel we use public transport, tourists here don’t really?!? set up routes between the unis and student accommodation i.e. south street & revamp bus routes to include more densely populated areas with passengers that use the service outwith 9-5 i.e. students & tourists ….

. set up passanger transport route to the airport from the city centre on the clyde? with steam powered ferry? (more hotels being built = more visitors to the city as locals don’t stay in hotels and we don’t have a rail link to the airport, this is now too expensive to build and yes we have buses but they are inefficient due to the low number of passengers they can carry)

. extend the underground network to cover east and north of glasgow, currently only runs south, west and centre…. this can also be funded with an ICO same way as the original railways were funded in america through railway bonds…. this enables social mobility and with city centres definitely moving towards residential again, its makes sense… we have 1 of the oldest and probably least developed underground systems in the world. when was the last time they added a station?

welfare state



. more inclusive and fair distribution of funds for single mothers & fathers, homeless, elderly and disabled which will equate to average annual salary plus cost of care or specialist adaptations i.e. disabled…..

. free energy, free basic fresh food through the introduction of the above initiaves will be hugely impactful to peoples general welfare

. no medium to long term support for the able bodied, socially included demographic, short term grace but put simply the DOLE IS DONE

. longer maternity and paternaty leave, in tandem so parents can nurture their new borns as a couple…. upto 2 years from date of birth from most recent child to a maximum of 2 children per couple, must have been in employment in same role for twice the amount of time taken off i.e. 4years service 2 years off, no direct payroll cost to employer

. not state funded, draw down of future earnings from employer, tax free, but employees HAVE TO GO BACK TO WORK, to make up for this. the govt provides the cashflow for the period of leave and the employer deducts at source to be returned when parents go back to work

. manditory grace period on critical asset purchase payments and associated costs for this time i.e. mortgage/council tax so the draw down from employer is just to pay for food, clothing, nappies etc…. this should enable the parents to only take maybe 25-35% of their wage during the period, which means at the time of back to work they are not burdened by repayment

. reduction of cost of early years care (nurseries) by govt providing the buildings purpose built to operators in a similar model to asset allocation of housing associations. without the capital cost of buildings operators should be able to reduce the cost of care and by owning the buildings the govt expenditure is justifed as its an appreciating balance sheet item… for the purpose of employment status all workers in this sector will be classed as civil servants so they pay no tax…. if wage are 60% in this sector we have just reduced the cost of care by 15% immediately…. for this sector to qualify for public sector funding should work under NEC3 style target cost contracts….. with these measures we could possibly recuse the cost to the govt/customer by 50%

. funds paid out by welfare state are onto a debit card, with restricted purchases and no cash withdrawals i.e. can’t spend on cigarettes, alcohol, drugs or gambling

. preferred supplier list set up with companies i.e. asda where these people get discounted purchases and the state gets favourable terms, these purchases are also VAT exempt…. immediately reduces the cost by 15%

. SSP (sick pay) will be structured through a private insurance policy, this recedes the burden to the govt & employer whilst giving better compensation to the worker should the worst happen. temp cover is provided to the employer through the insurance policy until worker is fit to return.

. new administration system for collating DWP information built on the blockchain, reducing admin time and enabling irregularities to be corrected sooner





education/vocation



. inflow = outflow so in order to fill jobs people should be educated or trained to do them

. a pre defined role that a candidate goes into further education or training for so we don’t have an under or oversupply or certain skills in the labour market

. back fill higher education or training…. so if you’re going to get a degree its cause theres a job for you…. this is why you are being educated or trained through a vocational apprenticeship scheme

. this would reduce the cost of higher education to the state as people won’t be getting worthless degrees or skills. education or training is an investment and investments make money

. with the correct number of candidates in the market fair pricing re wages and carried costs to the businesses customers apply as theres no over or under supply or labour, as the cost of labour which is directly linked to the supply of labour and is a significant part of the end user cost of the product or service on offer

. this is a medium to long term strategy for lowering and sustaining minimal unemployment levels, whilst managing the steady inflow of skills to the labour market

. university endowment funds/carried earnings should be used to invest in vocational based training and skills establishments for those that do not qualify academically or have shown talent in fields to which they have no course offering for… at the end of the day most of the scottish unis money has come from the scottish government, this should be utilised to the benefit of the people with regards to the evolution of the further education system





White paper on reforming how elderly social care is paid for

RE ENGINEERING THE FINACIAL MODEL BEHIND SOCIAL CARE COSTS FOR THE ELDERLY



The objective is to provide funds to cover care home costs should a person need it in later life. The aim is to do this by creating an insurance policy that pays out should the policy holder require care home services. I believe this can be done for £100 per month.




https://www.abi.org.uk/globalassets...cations/public/2016/keyfacts/keyfacts2016.pdf


Uk insurance market overview

Changes in the Older Resident Care Home Population between 2001 and 2011 - Office for National Statistics

3.2% of uk population aged over 65 are in care homes


Elderly care: what you <u>need</u> to know

Average time spent in care home by client is 2-4 years

Target market; 45-60, housing boom wealth generation who want to protect that for kids, people who have private health care.

Policy starts to pay out at 65, at least 5 years of positive cash flow

1.9 million people in uk have private medical insurance

9.24 million people in uk is size of target market

140 out of every 1000 people in the uk aged 42-64

Overview of the UK population - Office for National Statistics

Example below is the minimum as customer has paid in for 5 years and working on 3% utility

Actual accounting method

100 people pay £100 a month
Cost of care is £800 per week

10,000 (100 ppl at £100 pm) x 12 ( months in year) x 5 (years in policy)
= £600,000 in premiums
3% use it, (3 people out of 100) x £800 (weekly care cost) = 2400 x (weeks in year) 52 = £124800 per year
Average time spent in home is 3 years so £374400 paid out

600,000 - 374400 = 225600
225600/12/5/100 (months in policy/years in policy/no of people)
= £37.60 gross profit per monthly £100 premium

With 10,000 customers (0.55%) of people who have private health care policies, or 1 in 924 in uk aged between 42 and 64 the business generates £12million p/a in premium revenue WITH A GROSS PROFIT OF £4.51million

Accrual Accounting

Accrual accounting method

for fixed term policies extending past financial year should enable new customers to pay for existing customers, as long as the term of the new customers contract extends past the expected in flow of existing policy holder to care providers and time spent in the homes by current year policy holders ie. The fixed term of the policy must extend past the expected term of the payout. The cash flow makes this possible by monthly payments both in and out from policy holders to insurance co to care providers.


Tv advertising costs

How much does it cost to advertise on UK TV? Here's what Channel 4, ITV and more charge for slots

Article describing LTCI

Long-term care insurance - Wikipedia

Article showing it’s not on the market anymore

Long-term Care Insurance | Lifetime Health Insurance | GoCompare

Article on blockchain and insurance, use blockchain to save money in admin/reduce over head





Article on reforming social care costs and highlighting issues ahead



https://www.kingsfund.org.uk/sites/...s-for-social-care-funding-reform-May-2018.pdf

Well, I don't know how well as this will work, but it sounds efficient, probably do-able, and effective.
My only question is why haven't the idiots at Westminster offered you a Cabinet post?

Aha, you're Scottish. That explains it. They can't see beyond their own stupidity.
A damn good read, thanks :)
😁
 
Increase Tax Free Allowance to 18K
Increase Base and Higher Tax Rate to balance the books
Give all UK Free medicine not just certain countries
Increase NI to pay for above
Give England a devolved gov the same as other UK countries
Increase Corp tax inline with other G7 countries
Do away with inheritance - it all goes to the state
Get rid of Private Schools
Get rid of Private Medicine
Scrap road tax and put it on petrol
Get rid of BBC TV Lice
Nationalise Energy
 
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Former Bank of England chief warns of ‘higher taxes for the average person.

What planet are these prats on I ask myself? Not only do they keep changing their tiny minds about pensions and taxation but they seem to be talking about raising tax for the average person.
What they need to do is raise the personal tax allowance threshold to enable people to have more money in their pockets to spend to encourage the economy to grow.

 
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I favor a one-time wealth tax starting at a net worth of 500,000 to pay off the national debt.

Plus an extra 15% VAT on consumer electronics from the far east - no one is going to starve because they can't afford a new TV
 
I also favor abolishing corporate and personal income tax completely
Replace with high VAT - exempting basics, 1 car up to 20k (only if made in the UK), housing costs, clothing and food (only if made in the UK)

So you can make as much money as you want, but are only taxed if you spend it, and so consume resources.


This would also, gratifyingly, wipe out a whole industry of tax avoidance consultants
 

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