09-24-2016, 07:31 AM
I can definitely see the merit of this policy, and presume through more progressive taxation as well as the reformed inheritance tax would finance this. I can see this policy will help generate home ownership and aspire people, especially if we have an education system and social support to encourage this. Where I do feel this fails is supporting those under 25. We often hear that income is upside down, that you earn more when you are older when you don't need it and less when you are younger when you do need it. Admittedly, give an 18 year old £1000 to spend and it may not necessarily be spent wisely (we have all been young once). But a bond of £10000 guaranteed when someone reaches 25 issued solely for home ownership or business investment would give young people a sense of security and a future. Admittedly this would entail greater funding, but I'm sure through closing tax loopholes and tweaking progressive taxation this is feasible.
In addition to this a real living wage is required payable to all workers. There are businesses that will be unable to pay this, hence why there must be readjustment of business rates and taxation. This would be a major step towards eradicating poverty, with the 'Genuine Opportunity' policy, would provide aspiration which would stimulate aspiration and investment, and circulate money in the economy.
In addition to this a real living wage is required payable to all workers. There are businesses that will be unable to pay this, hence why there must be readjustment of business rates and taxation. This would be a major step towards eradicating poverty, with the 'Genuine Opportunity' policy, would provide aspiration which would stimulate aspiration and investment, and circulate money in the economy.