Everyone work one month for free, salary taken as 100% taxable...

HellFireClub

This idea was put to me the other day, everyone works for free for one month, their salary for that month being 100% taxable...

Obvious problems are defaulting on bills and in particular mortgages for that month and that feeding into the crisis...

But not a bad idea given how bad things are I suppose, it would be like frontloading the pain, I'd personally be for it!

tommy21

HellFireClub wrote: »

Obvious problems are defaulting on bills and in particular mortgages for that month and that feeding into the crisis...

But not a bad idea .../QUOTE]

Padman

I didnt think that was serious.Thats a terrible idea for so many reasons that I cant possibly list them all.

jonnyfingers

If I didn't get paid for a month I either have to take a fair chunk out of my savings or put everything on the credit card just to get by, rent, food, bills etc. I'd much rather earn a little less every month than go without any pay for a whole month.

Plus I'd imagine everyone being broke for a month means no spending which would not be good for the economy.

Johnny Derpp

HellFireClub wrote: »

This idea was put to me the other day, everyone works for free for one month, their salary for that month being 100% taxable...

Obvious problems are defaulting on bills and in particular mortgages for that month and that feeding into the crisis...

But not a bad idea given how bad things are I suppose, it would be like frontloading the pain, I'd personally be for it!

Orrrr.....if every politician and wankerbanker worked for one month for free, we'd prly be out of this mess in a month.

heyjude

tommy21 wrote: »

HellFireClub wrote: »

Obvious problems are defaulting on bills and in particular mortgages for that month and that feeding into the crisis...

But not a bad idea .../QUOTE]

Having no income for a month would also have a big effect on consumption taxes such as VAT and have a huge impact on businesses, as while many businesses could survive a 5-10% cut in turnover spread over a year, some businesses would find that if the consumer wasn't paid for a month, then they could face the prospect of seeing their sales fall 40,50 or 60%, which could have the effect of sending struggling companies, out of business. Remember that apart from the obvious bills like electricity and gas, companies also have to meet wages(paid to government instead of employees under this idea), insurance, rates etc and these would still be due, even if sales dry up.

KylieWyley

Nice suggestion...!

Get that from the Carlsberg school of economics? Maybe we could have 2 danish supermodels each to ease the pain during that month of sacrifice and all...?

HellFireClub

KylieWyley wrote: »

Nice suggestion...!

Get that from the Carlsberg school of economics? Maybe we could have 2 danish supermodels each to ease the pain during that month of sacrifice and all...?

I'd give 2 months salary for that lol! But there is a kind of an Irish thing where people would rather take the hit in a month and just get it over and done with, than be dealing with an open ended issue.

But our problems are so great, that someone on the average industrial wage would have to work for free for 3-4 years to get us to where we need to be, but the idea is interesting all the same I think, even if it is a product of the barstool school of higher economics!

Coillte_Bhoy

Johnny Derpp wrote: »

Orrrr.....if every politician and wankerbanker worked for one month for free, we'd prly be out of this mess in a month.

Eh, no actually we wouldnt.:rolleyes:

Nody

HellFireClub wrote: »

This idea was put to me the other day, everyone works for free for one month, their salary for that month being 100% taxable...

Obvious problems are defaulting on bills and in particular mortgages for that month and that feeding into the crisis...

But not a bad idea given how bad things are I suppose, it would be like frontloading the pain, I'd personally be for it!

Great idea; now if you combine that with social wellfare etc. not being paid for three months I'd consider it (you DID plan on sharing the pain right? You did not want to dump it all only on the people working, right?)...

johnnyskeleton

So basically increase the income levy by 8.33%?

HellFireClub

HellFireClub wrote: »

This idea was put to me the other day, everyone works for free for one month, their salary for that month being 100% taxable...

Obvious problems are defaulting on bills and in particular mortgages for that month and that feeding into the crisis...

But not a bad idea given how bad things are I suppose, it would be like frontloading the pain, I'd personally be for it!

How about you work for free, and I get to keep my wages? Sure, sell a kidney while you're at it. It's for the good of the country, blah blah blah.

stepbar

Johnny Derpp wrote: »

Orrrr.....if every politician and wankerbanker worked for one month for free, we'd prly be out of this mess in a month.

I didn't know all the bankers in Ireland earned 20 billion a month.....

thebullkf

Nody wrote: »

Great idea; now if you combine that with social wellfare etc. not being paid for three months I'd consider it (you DID plan on sharing the pain right? You did not want to dump it all only on the people working, right?)...

why ?... those on JB are entitled to it... they were working.

why 3 months?..do you earn 3 times the dole?.... maybe those who can afford it should take the hit. no?

JA is a different kettle of shoite.

jdooley28

Did you actually expect people to agree?

Coolrunnings65

HellFireClub wrote: »

This idea was put to me the other day, everyone works for free for one month, their salary for that month being 100% taxable...

Obvious problems are defaulting on bills and in particular mortgages for that month and that feeding into the crisis...

But not a bad idea given how bad things are I suppose, it would be like frontloading the pain, I'd personally be for it!

I wish i could afford to!

Max Power1

Shouldnt this kind of tripe be in AH. I thought this was a serious forum for credible suggestions.

Dublin_Gunner

This is definitely the most idiotic idea I have ever heard in relation to solving the country's finance.

Lets have lots of money from regular joe soaps, and create a population of broke people.

Ironically, people who would end up being stuck for that month, may get a loan to cover them....

So here's what I suggest.

We all get a loan = 1 months salary. Pay that to revenue, and let NAMA deal with the loans not being paid back.

Sorted.

Stark

HellFireClub wrote: »

This idea was put to me the other day, everyone works for free for one month, their salary for that month being 100% taxable...

Good idea. Let me know when it happens so I can take that month off.

K-9

I don't think this is as outlandish as some make out.

Most people have probably had a pay cut of some kind or maybe a reduction in hours and people get on with it, do one for the team and all that.

I suppose when it is for the State, they wouldn't see the selfish benefit in it, which is understandable.

It's funny though that a 8.33% cut like this is just scoffed at, when we'll probably see it anyway with cuts to tax credits, new PRSI rates, water rates etc.

I suppose when it is voluntary to some extent we wouldn't be able to moan about it as much!

The Rook

Johnny Derpp wrote: »

Orrrr.....if every politician and wankerbanker worked for one month for free, we'd prly be out of this mess in a month.

:mad: This is just stupid and seems to be the opinion of many people in Ireland at the moment ... while everyone who works in a bank can be called a banker, not all bankers are responsible for the current banking crisis. I work in a bank and have worked in banking all my working life and I can safely say that not one action I took contributed to the current financial calamity.

In fact I would say it's a very very very small percentage of bankers (probably less than 1%) who had anything to do with getting our Finances in the crap-hole it is now yet we're all expected to hold our hands up and say "Yep, yeah it was us, we ruined everything for everyone"....

Nasty_Girl

I will work for no salary for a month but in return I want free travel on Dublin Bus/Dart for a year.

Or freedom of Dublin.

Or both.

Actually I think people should sprinkle rose petals (or similar, a few twigs would do) in front of me wherever I walk and perhaps some kind of plaque on O'Connell St in honour of my generous contribution to Ireland's finances.

Actually, scrap all that.
I'll hand it over if I get to punch Bertie in the face.

congo_90

no pay for a month? I don't have sufficient funds to make ends meet as is on a weekly basis. take a months salary and I cannot commute to work as I wouldn't be able to pay for petrol and insurance not to mention I'd be homeless amongst most things. as it is 73%of my salary is gone after tax. the remains feeds me

fifth

It's a bit hair brained, this idea.

Don't know why I'm even contributing but if you were to do something like this - wouldn't you just 'cancel christmas' instead?

If the average person spends €1000 on christmas (in total, food, drink, gifts etc) then everyone should just ignore christmas and donate that money to the govt.

This would not only destroy the retail sector and put more people out of jobs but hey, problem 60% solved! :rolleyes:

Johnny Derpp

stepbar wrote: »

I didn't know all the bankers in Ireland earned 20 billion a month.....

I didn't know there wre only five bankers in the whole country.

stepbar

Johnny Derpp wrote: »

I didn't know there wre only five bankers in the whole country.

Can I have what you're smoking?

loctite

One months wages out of savings??

Average Deposit accounts in Ireland are 80k euro... I was shocked, thats like é79,000.50c more than mine

thetonynator

loctite wrote: »

One months wages out of savings??

Average Deposit accounts in Ireland are 80k euro... I was shocked, thats like é79,000.50c more than mine

Average doesn't mean we all have that much!

This is a kind of ridiculous idea . . .there are an awful lot of problems with it . .like say people who have no savings having to borrow just to buy food???

stevoslice

Johnny Derpp wrote: »

Orrrr.....if every politician and wankerbanker worked for one month for free, we'd prly be out of this mess in a month.

Coillte_Bhoy wrote: »

Eh, no actually we wouldnt.:rolleyes:

it might actually work if this guy is correct :pac:

https://www.youtube.com/watch?v=u6XAPnuFjJc

The Rook wrote: »

:mad: This is just stupid and seems to be the opinion of many people in Ireland at the moment ... while everyone who works in a bank can be called a banker, not all bankers are responsible for the current banking crisis. I work in a bank and have worked in banking all my working life and I can safely say that not one action I took contributed to the current financial calamity.

In fact I would say it's a very very very small percentage of bankers (probably less than 1%) who had anything to do with getting our Finances in the crap-hole it is now yet we're all expected to hold our hands up and say "Yep, yeah it was us, we ruined everything for everyone"....

So you never sold a credit card/loan to someone who might struggle to pay it back

we are ALL responsible for the position we're in, but i think most people know that the 'bankers' that everyone is talking about are more like Nick Leeson than yourself. High Risk, High Gain/Loss kinda guys.

0O7

hmmmmmm :rolleyes:

Oasis_Dublin

Can people stop blithely calling "all" bankers w*nkers. It shows a complete lack of understanding of what actually took place. I also dare say that they would have done the exact same if they were in the position of the senior managers in the Banks.

inforfun

Work a month for free?
Will the GP who will have to write me a 22 day cert also work for free that month?