New Paradigm - Fixed Assets

Fixed Assets

Below is a blueprint on how the Country could establish its net worth, these fixed assets then become the equity to back the nation’s currency, importantly this currency would only have value within the Country issuing the currency, and any territories or dependencies accepting the currency. Those territories would then add their net worth to the overall net worth, a common wealth.

Fixed national assets:

In addition can be added museums, business parks, prisons, courts, police stations, water treatment plants, farms, office buildings, factories, churches, cathedrals, sports stadiums, bus terminals, golf courses, national and municipal parks, government buildings and properties, army, airforce and navy bases, theme parks, stately homes, shopping malls, reservoirs, shops, warehouses, rivers and waterways, banks and building society buildings, theatres, cinema’s, race tracks, etc.

The unit cost associated with buildings and roads are an approximation as to the cost to replace or build new, they do not necessarily represent anything like a true market value, clearly Windsor Castle, palace of Westminster, St Pauls Cathedral, Sandringham or Buckingham Palace would be irreplaceable. 

Approximately £16 trillion.

Every citizen given one-off payment of £50,000 tax free – excludes non-citizens, prisoners (family members would receive payment) and those earning in excess of £250,000 per annum. Families would receive £50,000 for all children living with them up to age 21, otherwise that amount goes to the offspring.

Approximately £3 trillion.

Every private household given £20,000 grant to invest in free energy, solar, air2air, air2water, water reclamation systems and similar, and for home improvements, maintenance and renovations. Similar amount given to councils for council housing. Paid only on verified legitimate invoice.

Approximately £500 billion.

£1 trillion in immediate infrastructure improvements and upgrades, not limited to – roads, hospitals, schools, utilities, council housing stock, railways, prisons. Building of new.

Scrap welfare state and public pension schemes. Fund pension schemes up to £3 trillion and then abolish them.

Abolish income tax (for most), national insurance, inheritance tax (below £10 million), council tax, land registry, road tax, MOT, mandatory car insurance, TV license, stamp duty (below £5 million). These would be subject to further consideration. Scrap VAT and replace with POS Sales tax, mainly on luxury items only (see sub-section on taxation).

Pay off national debt

£2.7 trillion

Pay off private debt

£1.5 trillion

Pay off private sector debt with very strict conditions. Banks must separate high street and investment functions, allow full auditing and prosecutions where needed and operate transparently, abandon reckless gambling, pay back bailouts and take steps to reduce or eliminate usury, fractional reserve banking and compound interest. All non-binding unilateral debts must be forgiven, and all future loans must be binding bilateral agreements with full disclosure by banks.

£4.5 trillion