Nick Clegg has come out in favour of giving away free shares for publically (atleast partially) owned banks to people on the electoral register.
What they are ACTUALLY proposing is that they give you the shares, but when you sell them you have to pay the government back what they themselves spent to purchase them with taxpayers money (your money) from the bank in the first place...
i.e they pay £100 of tax payers money to the banks in return for the shares, they give them to voters, who, when the shares reach a level greater than £100, sell them, give the government back the £100 and keep the difference.
Seems a bit silly in a few ways, firstly, why don't the government keep the profits and use it to fight the deficit?
Secondly, how do you distribute the shares? Surely as they were purchased with tax payers money in the first place, only tax payers should get the shares? and the higher band tax payers should get more shares?
Just seems a bit of a gimmick to encourage the benefit class to register to vote
What they are ACTUALLY proposing is that they give you the shares, but when you sell them you have to pay the government back what they themselves spent to purchase them with taxpayers money (your money) from the bank in the first place...
i.e they pay £100 of tax payers money to the banks in return for the shares, they give them to voters, who, when the shares reach a level greater than £100, sell them, give the government back the £100 and keep the difference.
Seems a bit silly in a few ways, firstly, why don't the government keep the profits and use it to fight the deficit?
Secondly, how do you distribute the shares? Surely as they were purchased with tax payers money in the first place, only tax payers should get the shares? and the higher band tax payers should get more shares?
Just seems a bit of a gimmick to encourage the benefit class to register to vote