roydo
in memoriam - 1965-2024
There are good reasons we don't do things like this.
Hypothecation of tax is a terrible idea. It means your funding streams are inherently unstable and vulnerable to economic downturns.
Collecting tax and not using it is also a terrible idea. It is wasting a resource that can be used to drive value elsewhere.
But if you know, for an absolute certainty, that in 20 to 30 years time, there will be a massive increase in elderly use of social care and the NHS, surely making some preparation for it isnt the worst idea ever?
Isnt that why Norway have built up a massive sovereign fund from their natural resources? Cos one day they will run out? Its kinda the same thing.