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Osbourne's new savings scheme
Comments
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charge the people who use the roads the most more money!
Yes of course. But the best way of doing that is through fuel tax. Very cheap to collect In fact collecting extra fuel tax would cost nothing because you just increase the rate. Very hard to avoid. (unlike 24/7 toll booths which are very expensive to build and staff).And with fuel tax you charge for every road, according to the size of vehicle and mileage traveled, not just those with toll booths - usually motorways - the very roads we should be encouraging the heavy traffic to use!!! Imagine the roads surrounding the M25 when all those commuters are forced off by toll charges.
Then imagine those who could afford to use toll roads. Politicians and Civil Servants on expense accounts which we would pay for. Goods delivery wagons which we would pay for with increased price of the goods they carry. Think about it.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Make them have the best features of index-linked certificates and he can borrow my money.
I think they are saving all those for Mervin King's pension.:mad:“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
I've just had my information pack through the post and I'm investing my 50 grand at 10% pa for 5 years...nice one.;)0
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Glen_Clark wrote: »Yes of course. But the best way of doing that is through fuel tax. Very cheap to collect In fact collecting extra fuel tax would cost nothing because you just increase the rate. Very hard to avoid. (unlike 24/7 toll booths which are very expensive to build and staff).And with fuel tax you charge for every road, according to the size of vehicle and mileage traveled, not just those with toll booths - usually motorways - the very roads we should be encouraging the heavy traffic to use!!! Imagine the roads surrounding the M25 when all those commuters are forced off by toll charges.
Then imagine those who could afford to use toll roads. Politicians and Civil Servants on expense accounts which we would pay for. Goods delivery wagons which we would pay for with increased price of the goods they carry. Think about it.
Increased fuel tax would lead to the same price increases?! Our fuel prices are already higher than most, doing that would price most (a lot) motorists out of driving completely, not to mention things like taxis and busses (things we should encourage) that don't use the motorway network (primarily) would become so expensive the average bod couldnt afford.
Also we shouldnt be encouraging anyone within 30 miles of london onto the roads, they should be encouraged to use public transport.
Toll booths can easily be unmanned (its called technology) and a simple portacabin type thing would be fairly inexpensive.
And finally people use motorways for convenience (ie normally quickest route) put a toll on them an they will still be the quickest route, there would just be a charge for using that route, people's time is too precious for them to add 30 mins on to a journey for the sake of a few quid.
Increased fuel prices as we have seen doesnt really alleviate the amount of traffic on roads it justs puts an added burden on the poorest in our society at least toll roads gives the poorest the chance to avoid the extra cost without being completely priced out.
Again logical and fair.0 -
"information pack through the post"....
where from ? link please..0 -
Increased fuel tax would lead to the same price increases?! Our fuel prices are already higher than most, doing that would price most (a lot) motorists out of driving completely, not to mention things like taxis and busses (things we should encourage) that don't use the motorway network (primarily) would become so expensive the average bod couldnt afford.
Also we shouldnt be encouraging anyone within 30 miles of london onto the roads, they should be encouraged to use public transport.
Toll booths can easily be unmanned (its called technology) and a simple portacabin type thing would be fairly inexpensive.
And finally people use motorways for convenience (ie normally quickest route) put a toll on them an they will still be the quickest route, there would just be a charge for using that route, people's time is too precious for them to add 30 mins on to a journey for the sake of a few quid.
Increased fuel prices as we have seen doesnt really alleviate the amount of traffic on roads it justs puts an added burden on the poorest in our society at least toll roads gives the poorest the chance to avoid the extra cost without being completely priced out.
Again logical and fair.
On the one hand the average bod couldn't afford it, and on the other their time is too precious to add 30 mins on a journey forthe sake of a few quid?
But I do agree fuel taxes are high enough already. The government has already tried and failed to increase them further. Thats why it may be politically more acceptable to introduce toll roads, even though they are are a far more inefficient way of collecting tax. Particularly if they can get savers to like it by offering them less worse savings rate, and a vested interest in toll roads. Divide and rule. Don't the Tories love it.
In short, Its a con.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
I don't quite understand the concept of trying to promote growth by building things that will increase tax (such as toll roads!).
Surely having more taxes is going to limit spending power of consumers and limit growth?
I think the idea of investing in government projects (which you choose) could be quite a good idea though.0 -
I already invest in infrastructure funds such as HICL and JLIF as I like the decent returns and fairly low risk. If I could get similar returns (about 5.5% dividends and some capital appreciation) with additional guarantees and a tax-free aspect, then I'd be interested.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
I've just had my information pack through the post and I'm investing my 50 grand at 10% pa for 5 years...nice one.;)
I'll have some of what you're smoking!
I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0
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