What's the APR of a ‘pint to say thanks for the cash’? poll discussion

blaser wrote: »

Or to be a little more accurate because a year is a little more than 52 weeks!
1.1375^(365/7) = 8269.25%

That's much less accurate - you're out by a factor of 10!

The poll is of course wrong, it should be 82,700%. to 3 sf, which seems to be the standard used for the other answers [to the 2sf used for that answer, it's 83,000, not 82,000%). It really doesn't make a very good maths lesson when the answer is wrong and there's no consistency about the answers.

teddyco wrote: »

Thrifty09,

I would like to see the abolition of the car tax and only pay 'once' for the tax on a vehicle, when it is purchased new. We currently pay VAT for car parts, tax on petrol, car tax, and VAT for the mechanics labor.

The only sticker on the windscreen should be for the MOT which couldn't be obtained without showing proof of valid car insurance.

This would solve the problem of un-insured motorists by making it easier to identify which cars didn't have a valid MOT sticker which could be color-coded for that particular year making it easy for the Police to spot.

However, this government is not really concerned about un-insured motorists and their effect on the public, all Gordon Brown wants is more and more of our money so he can waste it on his failed socialistic Labour schemes.

Without sidelining the thread, I'd like to see road tax put on petrol. Why? Those who use the most petrol pay the most tax since the larger the vehicle, the more wear and tear on the roads it causes. This will also encourage people to drive cars which are more thrifty on petrol. No lawless scrote can avoid paying his road tax and the staff at Post Offices are freed from the burden of doing the paperwork on behalf of HM government. If the road haulers start moaning that it will put the cost of putting goods on the shop shelves, then so it should. Why should motorists subidise industry to put goods on the shelf? Why should non motorists see the benefit of cheaper goods in the shops because of the road tax being paid for by the motorist?There is an argument that says the road tax disk also requires motorists to prove that they have the appropriate legal paperwork for the vehicle and the need to show a valid insurance certificate but a disc can still be issued by the Post Office saying that the paperwork has been shown without needing to take any money.

Oh, and I only ran a brief guesstimation in my head rather than sitting down and working it out and chose the step before saying 13,700% so not too shabby, the point being it's a lot more than most people think.