It’s a really interesting proposal. I don’t know jack about economics – just last year I learned that the OCR is the benchmark for interest rates and when it goes up, savers benefit and when it goes down, borrowers benefit (still, at least i know what it IS, which is more than I can say for others) – but on the surface it doesn’t sound that bad. Of course, I have no idea what paying for healthcare would cost. If it’s anything like over the in States, give me high taxes any day. I figure you’re responsible for your own retirement savings anyway. I guess the biggest worry for low income earners would be the lack of a welfare net. People like me don’t have a large EF to fall back on. There’s no safety net to catch us. And that’s a scary thought.
