Paul, even Barry has acknowledged that I refer to private, and not company, assets.
Where have I ever suggested confiscating company assets?
I know there may be at times an unclear line between what is company and what is private, but experts would work this out.
But taking away company assets is not something I have ever advocated, just for the record.
You will find, dear Paul, that the relationship of this idea is to the Public Debt of £1 trillion. Although I haven't got the exact figures, the interest the British State pays each year on the Public Debt may be around £70 billion!
To reduce this Public Debt significantly - without harming companies - would ultimately save us tens of billions of pounds a year just in interest.
Calculating an average, every British resident citizen would have to pay around £20.000 to annul the Public Debt. Of-course one can't expect most people to foot the bill, but the super-rich could pay up something from their PRIVATE (not compoany) assets.
Claro?
