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Give public bailed-out banks shares says Nick Clegg

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Comments

  • ILW
    ILW Posts: 18,333 Forumite
    I just like the idea of taxpayers having a little more control over how their money is spent.
  • pqrdef
    pqrdef Posts: 4,552 Forumite
    I've had this brilliant idea. Instead of the govenrment having to tax us so much etc, why doesn't it just borrow piles and piles of money and invest it in the Stock Exchange? Then it can sell the shares at a profit and use the profit to pay for schools-n-hospitals, and wars, and hand out what's left over to hard-working families.
    "It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
  • pqrdef wrote: »
    I've had this brilliant idea. Instead of the govenrment having to tax us so much etc, why doesn't it just borrow piles and piles of money and invest it in the Stock Exchange? Then it can sell the shares at a profit and use the profit to pay for schools-n-hospitals, and wars, and hand out what's left over to hard-working families.

    and don't forget the money grubbing "we won't work" brigade. they all deserve to live in big houses for nothing.
  • vivatifosi
    vivatifosi Posts: 18,746 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! PPI Party Pooper
    chucky wrote: »
    most people would just sell the shares and use it on something they enjoy like holidays, a new tv an ipad or any of their little luxuries etc... etc...

    there are much better ways to give money back to the public that as you say have less administrative costs and channel peoples spending more efficiently

    sounds like another publicity stunt.

    I'm with chucky on this one. Why not just continue to pay off our debts rather than try and buy the electorate? Or just reduce the tax to those who really need a break (eg reinstate the 10% tax rate for poorer workers). Saying it will make us all shareholders (a point I've seen made on the news) is cr*p. Everyone knows that most will get sold for immediate gain.
    Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
  • ultrawomble
    ultrawomble Posts: 492 Forumite
    chucky wrote: »
    most people would just sell the shares and use it on something they enjoy like holidays, a new tv an ipad or any of their little luxuries etc... etc...

    there are much better ways to give money back to the public that as you say have less administrative costs and channel peoples spending more efficiently

    sounds like another publicity stunt.

    Remember when all the utilities were sold off.... :rotfl:
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