Free Credit/A Compromise

I think it would be fair, in order to avoid destitution,
to provide Asylum Seekers with Free Credit. The system
would also be available to all Citizens aged 16 or above.

I propose that everyone is entitled to 20K Free Credit,
with a limit of 100 pounds a week, via special cash
machines. All a borrower would have to do is provide
a name and a fingerprint or iris scan and the money
would be available. For some people this would
basically act as a free overdraft and would be
paid off in the same manner. Otherwise the credit
would be paid off when the borrower earns more than
10K a year.

I feel this would be most fair to people who are
most destitute i.e. the vulnerably housed and can
replace the high street loan sharks and be an
emergency fund for students. The caveat for Asylum
Seekers would be that they would not have to pay
the money back if they leave the country within
three years of arriving, while after three years
asylum would be automatically granted.

I feel it would also be fair to give, at least
to those from the EU, non-citizen/Asylum Seeker
foreign workers Jobseeker's Allowance, or for
at least three years after arriving.

For taxes, the first 10K earned would be
untaxed, while the rest would be taxed at
a rate of 80%. Again, foreign Students and
Asylum Seekers would be allowed to work
but would be ineligible for JSA.

British workers would still recieve JSA
even if they work full-time, so long as
their earnings (other than benefits)
are below 40K per year.

Workers and Full-time UK Students would
also recieve a General Worker's Allowance
of 100 pounds per week. JSA is rated at
80 pounds per week and students can claim
this during the summer, although the GWA
is only paid during term-time. Employees
earning over 150K per year do not recieve
GWA either.

Finally, all UK students aged 16 and above
recieve 55 pounds per week Education Maintenance
Allowance.