| How much per tax paying person is our national debt? |
UK National Debt
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GiarcYekrub 4,760 posts
Seen 3 months ago
Registered 15 years ago -
a billion -
Yekrubs. -
billythekid 12,595 posts
Seen 5 days ago
Registered 16 years ago12 -
ONS. Go. -
GiarcYekrub 4,760 posts
Seen 3 months ago
Registered 15 years agoAhhh I found figures for employment at 28.93 million people but still thats
£829.7 billion / 28.93 million people = £28,679.57 per person ummm thats alot.... -
Smuggo wrote:
Well, the total is currently £829.7bn, and there are about 20m employed people in the UK so that means about £41,500 each.
What the fuck are the other 40m doing?! -
X201 22,150 posts
Seen 5 hours ago
Registered 16 years agoSmuggo wrote:
Yes it is, but it has built up over centuries. It's going to get a lot bigger in the next few years.
..but still be nowhere near the 200% of GDP that it was after World War II -
GiarcYekrub 4,760 posts
Seen 3 months ago
Registered 15 years agoI read somewhere the average wage is £26,000... is there some big deductions gonna come out of that like Bank bail out repayments? Otherwise where will the money come from? -
X201 22,150 posts
Seen 5 hours ago
Registered 16 years agomcmonkeyplc wrote:
Smuggo wrote:
Well, the total is currently £829.7bn, and there are about 20m employed people in the UK so that means about £41,500 each.
What the fuck are the other 40m doing?!
Pensioners, children, students, unemployed. -
Jeepers 16,616 posts
Seen 13 hours ago
Registered 16 years agomcmonkeyplc wrote:
Smuggo wrote:
Well, the total is currently £829.7bn, and there are about 20m employed people in the UK so that means about £41,500 each.
What the fuck are the other 40m doing?!
Being children or pensioners? -
GiarcYekrub 4,760 posts
Seen 3 months ago
Registered 15 years agowe need more tax paying immigrants -
steellam 1,076 posts
Seen 4 hours ago
Registered 16 years agoI think i heard 3000 quid per person per year on the radio the other day, but could be wrong. -
GiarcYekrub wrote:
Ahhh I found figures for employment at 28.93 million people but still thats
£829.7 billion / 28.93 million people = £28,679.57 per person ummm thats alot....
Also you dont measure debt per capita that is a political shitty game. You measure it against your GDP/ GNP.
Which according to wiki is estimated at $2.674 trillion in nominal terms (not adjusted for inflation)
Now what is $829.7 billion as a percentage of $2.674 trillion?
829,700,000,000/2,674,000,000,000= 0.31028 or 31% of GDP.
BIG NUMBERS -
Jeepers wrote:
mcmonkeyplc wrote:
Smuggo wrote:
Well, the total is currently £829.7bn, and there are about 20m employed people in the UK so that means about £41,500 each.
What the fuck are the other 40m doing?!
Being children or pensioners?
Get these kids and old folk out to work! -
Smuggo wrote:
I'm pretty sure it's higher than that, about 55% of GDP right now.
Hmmm I could have fucked my figures, I dont normally deal with numbers THAT big.gif)
Also mine was based on 2008 estimate the 55% probably comes from the 2009 estimate which I dont know. -
Your income is going up generally as well. Hence why measuring it per capita is just a shitty stick that politicians use.
It is obviously not a good position to be in, but nobody ever spells it out properly.
We should be aiming for around 40% of GDP for debt. I cant remember why. It's a number that I'm remembering from 5 years ago. -
patch 546 posts
Seen 3 years ago
Registered 14 years agoApparently the average man will pay f*ck all towards getting rid of it too, it's all down to those rich buggers at the top. -
GiarcYekrub 4,760 posts
Seen 3 months ago
Registered 15 years agoI reckon inflation is gonna go through the roof especially if fuel prices keep rising, the UK national public transport system is a joke and is in serious need for heavy investment, I heard on TV this morning the torries want supermarkets to charge more, to meet climate targets holidays are gonna cost more, to repay this debt more tax... -
GiarcYekrub wrote:
I reckon inflation is gonna go through the roof especially if fuel prices keep rising, the UK national public transport system is a joke and is in serious need for heavy investment, I heard on TV this morning the torries want supermarkets to charge more, to meet climate targets holidays are gonna cost more, to repay this debt more tax...
Have you been talking to some scare monger? Every country on the planet has this problem. -
Aranel 669 posts
Seen 9 years ago
Registered 14 years agoGiarcYekrub wrote:
I read somewhere the average wage is £26,000... is there some big deductions gonna come out of that like Bank bail out repayments? Otherwise where will the money come from?
Slightly less. Apparently public sector average wage is £22,405 and private sector is £20,988.
Source: http://business.timesonline.co.uk/tol/business/industry_sectors/public_sector/article6974029.ece -
patch wrote:
Apparently the average man will pay f*ck all towards getting rid of it too, it's all down to those rich buggers at the top.
Taxing the crap out of top earners will do nothing. I know this has been posted a kazillion times before, however:
Suppose that every day, ten men go out for beer and the bill for all ten comes to £100.
If they paid their bill the way we pay our taxes, it would go something like this:
The first four men (the poorest) would pay nothing.
The fifth would pay £1.
The sixth would pay £3.
The seventh would pay £7.
The eighth would pay £12.
The ninth would pay £18.
The tenth man (the richest) would pay £59.
So, that's what they decided to do.
The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve.
'Since you are all such good customers,' he said, 'I'm going to reduce the cost of your daily beers by £20.
Drinks for the ten now cost just £80.'The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. They would still drink for free. But what about the other six men - the paying customers?
How could they divide the £20 windfall so that everyone would get his 'fair share?'
They realized that £20 divided by six is £3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer.
So, the bar owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay. And so:
The fifth man, like the first four, now paid nothing (100% savings).
The sixth now paid £2 instead of £3 (33%savings).
The seventh now pay £5 instead of £7 (28%savings).
The eighth now paid £9 instead of £12 (25% savings).
The ninth now paid £14 instead of £18 (22% savings).
The tenth now paid £49 instead of £59 (16% savings).
Each of the six was better off than before and the first four continued to drink for free, but once outside the restaurant, the men began to compare their savings.
"I only got a pound out of the £20," declared the sixth man. He pointed to the tenth man, "but he got £10!"
"Yeah, that's right," exclaimed the fifth man. "I only saved a pound, too. It's unfair that he got TEN times more than I!"
"That's true!!" shouted the seventh man. "Why should he get £10 back when I got only two? The wealthy get all the breaks!"
"Wait a minute," yelled the first four men in unison. "We didn't get anything at all. The system exploits the poor!"
The nine men surrounded the tenth and beat him up. The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something very important....
they didn't have enough money between all of them for even half of the bill!And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.
.gif)
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