As of today every single taxpayer in this country is on the hook for about £2k in loans to Northern Rock:
BBC NEWS | Business | Rival UK bank eyes Northern Rock
Much of this money is guaranteeing people's savings. Now I guess I would have felt a bit sorry for people if they had lost money because they had decided to invest it in a bank run by morons- but at the end of the day, not very sorry, because they would still have had 90% of £35K, which is 90% of £35K more than I have.
I'm 28, I will earn about £30K gross this year because I work bloody hard, and I have no savings whatsoever, because the price of housing is so grossly overinflated in this country that I need every penny I earn just to pay my rent, my bills, and to eat. If the government start giving my tax money to people with more than £35k in savings, then they're essentially robbing the poor (me) to pay the rich (them). So my pledge is this: if that happens, I will pack in my job, and pay no more tax. If that means I have to live in a tent, burning my possessions to keep warm, then I will do. If I have to eat out of bins, or go hungry, then I will. Because I've had enough of being taken advantage of by the bloody baby-boomer generation, and I'm not going to stand for it any more.
Cut off my nose to spite my face? You bet I bloody will.
Edit: the same applies if the government start bailing out people who can't afford to pay their mortgages anymore. I didn't buy a home because I couldn't afford to, and I'll be damned if I'm going to pay any tax if it's going to be used to bail out people who took a risky gamble by buying.


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