LOmpit
the family for “Peace”
LOve Many in Peace with Integrity and Trust
National Bank (The Great
British Bank)
By creating a bank in the
concept defined below will allow Residents of the UK and others, to transfer
money between themselves and UK registered businesses (all companies wishing to
trade in the UK will need to set up a business tax Unit and bank account with
the National Bank)
Every resident
will be allocated a bank account with the publicly owned National Bank.
All benefits Universal Minimum
Income etc. will be paid into this account along with all other money paid out
by the Government.
No interest will be
paid or charged on these accounts.
This bank will also hold a savings
account for all residential tax units living in council minimum sized
homes where their “excess” rent will be paid. These savings account will be
viewable by the “Tax Unit”. Although viewable they will not be able to take
money out
The local council will have
the authority to access this money to put as a deposit for the Residential Tax
Unit for purchase a property on the open market and entering into a council supported
housing or to redistribute on the disbanding of the Tax Unit according to
the wishes of the person/people named on the account.
When the Residential
tax unit is set up, the person/s (max 2) are the signatures for the
account, all benefits will be paid into this account. No one else can be
added to the account. All Universal Basic
Income and other benefits for the members of the unit will be paid into
this account.
All
government employees and contract payments will be paid into accounts of the
National Bank.
The
Banks Computer Systems will provide the facility for free transfers between all
accounts on initiation of the account owner. Any transfer over £5000 will be
“Held” by the bank for 48 hours before the recipient can withdrawin
it case of fraudulent behaviour by the recipient. During which time the sender
can dispute the transaction. (the dispute will go to an arbitrator (local
council nominated) who will decide on the case) Their decision will take
immediate effect.(within a week)
If
it is disputed it go to court.
Transfers
to and from accounts
All
accounts can freely transfer money to and from all other accounts (both
business and residential) A fee/tax of 0.1% to transfer money out to other
finance accounts and to ATMs(cash) (i.e. accounts paying interest, private
pension funds etc., money to foreign banks, financial institutions)
ATM
will be provided to allow the deposit of physical cash into their accounts
free, this facility will also be extended to Post Offices.
All
businesses that trade in the country will have an account into which all sales made
will be deposited, to which they will be liable to UK tax see Taxation here
Government
bodies can borrow from the bank, e.g. for investing in supported housing with
an agreed repayment scheme (i.e. the rent paid on the “investment” until the
debt has been paid off.