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Dangerous taxation âDangerous: able to cause harm and likely to cause problems, or to have adverse consequences.â Use toy money to teach your students the concept of taxation and financial intelligence. The levy of tax affects us all and hits our pay cheques hard! This idea uses the usual credit and debit system commonly found in schools to reward good grades and good behaviour but also uses the concept of tax. Discuss with your class the variety of ways you can pay for education. If achieving qualifications equated to money, what would an A* be worth or a D? Of course, this is just a bit of fun, itâs not all about grades, but it is an interesting experiment! How can you introduce dangerous taxation? 1 Grab an old board game that uses toy money, you might need to photocopy the notes to have enough for the whole class. 2 Distribute the cash equally amongst your students and explain the tariffs. 3 Reward students with a ten pound note each time they achieve something great. Or if you want to link this idea to assessment then reward each time a student moves up one sub-level, i.e. level 4.0 to a 4.3. 4 Link the tax charges to your assessment criteria. For example, if students do not complete the lesson objective, they receive a fine and you take away some fake cash. The sight of pretend money will get your students excited and motivated to complete work and see their mock bank accounts rise and fall with glee.
Teaching tip Try setting up the bank for a week to see how it goes. If itâs a disaster you can always share the lessons of bankruptcy!
Taking it further Offer incentives for completing extended lesson objectives such as homework or going the extra mile.
#CashForGrades
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