The rich direct wealth.
The banks are full of riches, directed by bankers.
If we link bankers income tax to unemployment levels, won't this induce bankers to direct wealth to investment in good business. Watch investment soar and unemployment plummet?
Say 1% for every 30,000 unemployed. At 2.46 million, that would be 82% top-rate income tax for the bankers.
And just to encourage the institutions, make them responsible for the cost of Jobseekers - just present them with the bill. Assuming income based Jobseekers and 1.46 million claimants.
This would be £90.5million per week, or £4.7billion per year.
Surely the willful direction of the huge resources the tax payer has bailed out the banks with, will lead to a quick reduction in unemployment, increased tax revenue, and no need to cut Child Benefit.
What do you think?