Here's how a fictitious parishioner of mine (with a £450K house and an a £350k mortgage) might already be planning to exploit this scheme.
She is transferring savings into her children's names (in trust to pay the private school fees), she is buying a two new cars (one to "garage for the future"), she is buying more art and jewellery (high class stuff that will "hold its value") and she is adding to her wine "savings plan" with BB&R - all of which she will simply not declare - "I will show them my three bank statements all overdrawn and my unpaid credit card bill and plead poverty". She will be made redundant in 8 months time (she knows this because she runs her own company - and "it makes strategic sense").
I have no idea if what she is planning will work - but I do know that she is not the only one seeing this scam as a chance to work their own scam. I guess this means the government will employ even more "means testing officers" in strategic marginal seats to administer this byzantine system. But I doubt they are as clever as the professional scammers.
So say after me, nice and fast now, just like in the old Pepsi ads: "vote buying, saver screwing, tax wasting, resource mis-allocating, market distorting, liberty destroying, bubble blowing, mis-managing, deceit spinning, desperate "do anything" Labour!"
Thursday, 4 December 2008
Finding loopholes in Brown's scam
Labels:
Bail out scam,
Bubble,
Dangerously desperate government,
Gordon Brown,
Labour,
Liberty,
Mortgages,
Savers,
Socialists
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