There is not much doubt that our next government will be a Conservative one. There is also little doubt that David Cameron will inherit massive public spending and an outrageous amount of debt. Especially if, as some pundits believe, Labour initiate a scorched earth policy.
So to the point: something rather drastic is going to have be done to get the economy back on track. Cutting spending is one option, but as we know Cameron will be pretty much stuck with Labour spending plans. Raising taxes cannot contemplated in the current economical climate. Of course there is a ridiculous amount of waste that can be cut out, which will be George Osborne's first task as Chancellor - along with the rest of our new ministers.
This morning I came up with a radical idea whilst driving to work listening to Radio 5. What if David Cameron asked us to volunteer to pay more tax? I'm not talking about a lot individually, maybe 1, 2 or 3%. To tell the truth I am in no way a wealthy man, however the recent cut in tax from 22% to 20% made very little difference to my wage packet. Obviously there would be the option to opt back out at any time.
What do you think? If enough people were to volunteer, it would benefit the entire nation. Now, I understand this will get a lot of people (who think they pay too much tax already) hot under the collar, but it would be by personal choice only.
There could be incentives to take part, even if it is just the feel good factor. Or maybe financial incentives to be paid out when the economy recovers?
What do you think? Please try not to swear too much in the comments. Obviously I wouldn't volunteer to do this under a Labour government - they'd only blow it on pointless reviews.
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