Barry, what about the Public Debt of £1 trillion?
My point was in a recent comment that the Public is responsible for this debt, as all British citizens are part of the British Public.
So when I suggested that the extremely wealthy be made to cough up some of (a part of) their wealth to cover this public debt, you blew your top!
I calculated that by all rights, going by my current savings, I should pay £30 to pay me out of my part of the public debt. I am prepared and willing to pay this (for me significant sum) to the State Treasury to annul the Public Debt.
By all rights, someone with £1 billion in private (not company) assets should pay at least £750 million towards the Public Debt.
That would still leave them with £250 million in personal assets.
I tried to point out that this is not theft, but a Public responsibility to annul our Public Debt..
Now if you are a mathematician as well as an economist, you should be able to calculate what my savings amount to, going by the figures I gave above.
