Monday, November 01, 2004
I nearly forgot about this one. How do you solve the family debt problem
? Its simple:
KAY PATTERSON: People aren't required to update their incomes, and we do find that some people constantly underestimate their income. We may be able to have legislation which uplifts their estimate to the previous year, and they can change that if they can demonstrate that their income won't be the same as the previous year.
Easy peasy, unless you can prove you will earn less money in the forthcoming year than last year (mmm excuse me mister part time casual bastard employer, can you help me with this government form? OK, I'll come back later), the government will always bank on what your highest income was! Less pesky payments for the government and less debt for the punters. Everyone's a winner.