PPP Funds vs More Taxes in Britain

More Taxes is the Lazy Prime Minister's First Solution

One of the saddest news that I heard recently is the intent of the British government to increase taxes on its heavily burdened citizens. The justification made for more taxation is to use that new tax money to develop the infrastructure projects needed to improve the old and deteriorating services and to enhance the quality of life for people across Britain.

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The government should have taken care of that long time ago but they have missed on each and every target I'm broke almost every electoral promise. Now that they realize that it is their fault they expect the people to pay the money to correct the dysfunctional and poor public administration.

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More taxation is the lazy Prime Minister’s solution. The guy who has little imagination, or none at all.

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However, there is a better solution that will make people richer than poorer by time. And serve as a catalyst for the accelerated social economic development.

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That is to establish an act by legislation for the public development and investment in a form of a fund.

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To save the lazy boys their time which they mostly spend partying with the party members, I have drafted a proposed law for the public development investment fund act.

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Such law can be copied and implemented in more countries like Canada, Australia, New Zealand, and maybe Jordan and Oman.

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The idea of the law is making people shareholders and not taxpayers. It will make them also beneficiaries indirectly from the money they pay for their investments. It will also help in transforming them from marginalized citizens into an active force in the development of their own societies and communities. The returns of the projects that they use will enhance the quality of their living, and their financial status. Taxes will only make them poorer.

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The government can fix the taxation rate. When the wealth of the people grows the amount of tax collected will be grow with the growth of the wealth of the people. On the contrary, when the people do not have enough disposable income even the highest taxes will not be able to collect or raise funds for any development.

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My solution is a win-win situation for the government and the people.

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Please enjoy reading the following:

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Proposed Legislation: Public Development Investment Fund Act

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Preamble:?

An Act to establish a comprehensive framework for the Development Investment Fund, to enhance infrastructure development through public investment, and to ensure transparency and accountability in the management of funds.

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Article I: Enactment of Legislation?

This legislation shall be enacted and enforced as the Development Investment Fund Act, aiming to foster community involvement and public-private partnerships in infrastructure projects.

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Article II: Establishment of Investment Fund?

A government-managed investment fund shall be established under the auspices of the national government, hereinafter referred to as the "Development Investment Fund."

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Article III: Tax Collection Exemption?

The collection of tax revenue on infrastructure projects funded through the Development Investment Fund shall be canceled, thereby facilitating increased capital allocation for development initiatives.

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Article IV: Fund Allocation?

All funds previously designated for tax collection on infrastructure projects shall be transferred to the Development Investment Fund to ensure their availability for development projects.

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Article V: Share Distribution?

Shares in the Development Investment Fund shall be distributed to individuals in proportion to their contributions, fostering a sense of ownership and investment among the public.

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Article VI: Profit Distribution?

Profits generated from investments made by the Development Investment Fund shall be legally and automatically returned to investors at the end of each fiscal year for every project undertaken.

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Article VII: Symbolic Fees for Public Projects?

Symbolic amounts shall be collected for the use of public projects financed by popular investments. Individuals from low-income groups shall be exempt from these fees, ensuring equitable access to public services.

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Article VIII: Independent Fund Structure?

Each investment fund shall be established as an independent fund under the name of the specific project or, if applicable, the geographical area it serves, particularly when multiple development entities are involved.

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Article IX: Monitoring and Oversight?

The government shall appoint a government monitor, an administrative monitor, a financial monitor, and an independent legal monitor for each project to ensure compliance, transparency, and accountability in fund management.

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Article X: Community Representation in Project Management?

Each project management committee established for a specific geographical area shall include representatives from the local community. These representatives shall oversee and participate in the management and control of projects on behalf of the residents of the area.

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Conclusion:

This Act shall take effect immediately upon its passage and approval, with provisions for implementation and necessary regulations to be established by the relevant government authorities.

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