Bring back Hereditary titles - hear me out!

With the serious issues we have with the budget and in many public services, I would love to float the idea of bringing back Hereditary titles as a way of raising funds.

I have no love of Hereidtary titles and especially when they gave the holders priveleges over the rest of us. But once they have been removed from the House of Lords they wouldnt have any priveleges apart from the right to use the title. That said, its something that since the 60's money cant buy.

So how about selling titles (which is esentially what happened in the past any way), each year we could have an auction, 1 Dukedom - reserve 150mill (with an Earldom as courtesy), 5 Earldoms - reserve 100mill(with Baron courtesy) and 10 Baronies - reserve 50mill - flogged to the highest bidder. A way of securing your families link to you and the fortune you created! The titles couldn't be bought by Non Doms. Shouldnt stop any wealth tax that could be brought in (not against this at all).

Basically lets flog a piece of paper that does us no harm, but could be worth a lot, to some very rich silly people.