Harringay, Haringey - So Good they Spelt it Twice!
How about this for an idea
Then allow the majority of good citizens the opportunity to save their bonds (or just the interest from your bond) for five or ten years and loan at higher rates of interest to local businesses or the council or possibly even swap for shares of new local public / private initiatives and hence give life to a whole new bunch of local initiates.
This would incentivise neighbourly behaviour and help fund new local projects and help encourage people to save in a more profitable way that gives you 7% interest.
Replies to This Discussion
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Permalink Reply by John McMullan on
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I've wondered about ideas around the issuing of bonds by the council to help pay for services but not for social control. Really I think we as citizens need to tell our neighbours when they're really out of line. This will just make poor people poorer, I doubt they'll change their behaviour - ego, pride etc. How long before losing your bond becomes a badge to wear that means you're hard?
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Permalink Reply by james walsh on
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Most of those on housing benefit do not pay council tax and will be untouched by your scheme. Good idea apart from that drawback.
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Permalink Reply by Finsbury Park Ranger on
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I reckon if you judged people by 'improved behaviour,' giving the council a little room to manoeuvre to encourage behaviour change and exempt anyone sick or unemployed, to protect the most vulnerable and based on a nothing in, nothing out policy,you would have yourself an effective tool.
Any working person proud of the fact they have paid £200 tax more than everyone else, deserves to be taxed every year for stupidity alone and can enjoy the prestige they want in my book.
My irks with it are the extra admin involved (and the fact it would be a difficult sell to the public for anyone championing the policy because of the unemployed exemption bit).
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Permalink Reply by Neville Collins on
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@Finsbury Park Ranger
"Increase council tax by 10 or 20 %...."
Given that the borough already has some of the highest council tax levels in the UK, such a plan, which would need to be subject to a public referendum, would be doomed to failure.
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Yeah pretty hard to introduce. The way to do it would be to funnel any money from council tax going forward in savings made. So don't decrease the council tax when you can, just increase the bond.
I doubt harringay needs a referendum to give its citizens money does it because if so it should need one every time it increases the council tax surely ?
Before you know it, it could look like a gift from the gods, a citizens wage of sorts perhaps and a rather innovative local council crowd funding and saving programme to boot.
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By excluding those on benefits isn't this scheme inherently biased ? Led balloons come to mind.
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Well, you could franchise those on benefits if you wanted but that would require central government to restructure the benefits and release funds to local government, not something easily achieved but possible none the less.
Don't forget, no system is perfect. If you can encourage one person to act kindly and invest in their innovative local community and save more, that would be important success.
Personally I say everyone should be franchised some way of another, give no one the ability to say they have nothing to lose and social bonds are the way to do it.
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Allow everyone the possibility to receive a 'citizens bond'. You see what we forget is that in small communities, being a good citizen gets handsomely rewarded because local communities know the goings on of each other. In big cities the whole tribal reward system doesn't work, we're all too anonymous, which is great but not when it comes to incentivising positive social behaviour.
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To be fair, it probably seemed like quite a safe bet at the time but yeah this time do it all through local crowd funding / investing.
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Apparently Santa supports the idea, his men spoke to mine.
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