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MSE News: Tory child trust fund cuts to hit 'normal families'
Comments
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We've got ourselves into a huge mess in this country because of out inability to save money so the reasons for the CTF are good even if the solution isn't right.
We are in mess in this country because this government have developed a "get something for nothing" culture. While penalising those who work and save.0 -
When I was very young my grandad retired from work and gave me, my brother and sister some money to invest in a building society account. Each year I was sent an annual statement with the balance. I liked to see how much interest the money had made during that time. This money encouraged me to save.
When I was young I did a paper round and I invested this money in a savings account. When I got my statement I saw that not only did I get interest from the money, but by working and saving I made the balance grow. That encouraged me to take a second, free newspaper round and save that money too. By doing all this myself, I developed a good work ethic and sense of pride.0 -
I totally agree with the conservatives on this.
I'll go one further and say that Child Allowance should be means tested.( I'm a mother with two young children, I cannot understand why the government gives out money to those parents who are on joint income of 60K and over)
I think that all parents that work should have child benefit, but only for the first two children. No child benefit for parents that don't work, unless they have been on benefits for less than two years. Two years on benefits should be the cut off point. Those that live on benefits should not be encouraged to have more children for others to keep, so no child benefit for them.
Child Trust Funds and Tax Credits should be scapped. Open the school kitchens (private firms) to feed the children of the poor. Those that have parents that don't work, would get 3 meals a day. That way the tax payers money will be spent on the children and will not pay for their parents, fags, booz, mortgages.0 -
no need for the sarcasm.
To answer your comment then of course it does! It gives them an opportunity to see what happens when money is invested.
When I was very young my grandad retired from work and gave me, my brother and sister some money to invest in a building society account. Each year I was sent an annual statement with the balance. I liked to see how much interest the money had made during that time. This money encouraged me to save.
As for the "free money" from the government, any child who is given any money to save is given "free money" regardless of its source. Did you never save pocket money for something that you wanted??
Sorry if I have offended you, I did not intend to be sarcastic.
And yes, of course I saved my pocket money (sometimes
) but that was provided for me by my family, not from other taxpayers. Yours that you mention was provided by your grandad. That to me is entirely different.
I actually think that the scheme does not encourage people to save, I think most people will see it as a 'freebie' from the Government and not equate it with saving at all. I also do not think that the taxpayer should pay for people's children to have a 'nest egg', that is up to the child's family.
Just my opinion. (AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0 -
We are in mess in this country because this government have developed a "get something for nothing" culture. While penalising those who work and save.
That's nonsense. The "get something for nothing" culture is relatively small. Most people in this country are decent hard working individuals and most people on benefits are there for a legitimate reason. The mess that we are in was caused by subprime mortgages - lending to those that can't afford to pay it back.
Since 1997 welfare benefits have increased from £115bn to £187bn. Sounds a lot doesn't it? During the same period NI and Income Tax contributions have increased from £101bn to £152bn. so, 63% and 51%. Yes, an increase but hardly enough to create the mess that we are in and some of that increase is for increase SMP for working mothers (not the single teenage mums that are easily targetted) who contribute to the revenue of the country.
Incidently, health spending has increased from £42bn to £102bn and education from £38bn to £77bn. Percentage wise this is far more than than the increase in welfare benefits. If you or anyone you know works in health or education then you'll know that this money has been absolutely vital following the 18 years of under funding by the Tories. This is EXACTLY why the Tories can't be trusted and the finger can be pointed back to the 80s and 90s.When I was young I did a paper round and I invested this money in a savings account. When I got my statement I saw that not only did I get interest from the money, but by working and saving I made the balance grow. That encouraged me to take a second, free newspaper round and save that money too. By doing all this myself, I developed a good work ethic and sense of pride.
Great. You were a well balanced child who probably had parental support.seven-day-weekend wrote: »Sorry if I have offended you, I did not intend to be sarcastic.
And yes, of course I saved my pocket money (sometimes ) but that was provided for me by my family, not from other taxpayers. Yours that you mention was provided by your grandad. That to me is entirely different.
I actually think that the scheme does not encourage people to save, I think most people will see it as a 'freebie' from the Government and not equate it with saving at all. I also do not think that the taxpayer should pay for people's children to have a 'nest egg', that is up to the child's family.
Just my opinion.
We were both fortunate to be in the position where we were given money and probably advised to save it. Not all children are in this position and many have parents who have never saved. How do you teach children like that about saving money? As I said from the start the CTF may not be the right solution but there is a clear lack of personal responsibility of finances for too many people in this country and this has to be addressed somehow. I'm sure you'll agree with that.0 -
I think that all parents that work should have child benefit, but only for the first two children. No child benefit for parents that don't work, unless they have been on benefits for less than two years. Two years on benefits should be the cut off point. Those that live on benefits should not be encouraged to have more children for others to keep, so no child benefit for them.
Who suffers? The children of scroungers and that's not what we want.Child Trust Funds and Tax Credits should be scapped. Open the school kitchens (private firms) to feed the children of the poor. Those that have parents that don't work, would get 3 meals a day. That way the tax payers money will be spent on the children and will not pay for their parents, fags, booz, mortgages.
I know where you are coming from but talk about a nanny state!
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We were both fortunate to be in the position where we were given money and probably advised to save it. Not all children are in this position and many have parents who have never saved. How do you teach children like that about saving money? As I said from the start the CTF may not be the right solution but there is a clear lack of personal responsibility of finances for too many people in this country and this has to be addressed somehow. I'm sure you'll agree with that.
I do agree that a savings culture should be promoted, but I think £500 from 'the Government', to be taken when a child from a family with an 'easy come, easy go' attitude reaches eighteen, will do precisely that....go easily in three nights out.
If they are from a family who saves, they will save anyway - any odd pence that come along, money from paper rounds etc.
In other words I think it is a waste of money and will just encourage the attitude that it's the Governmemt's responsibility to pay for you if you don't have enough money for something. I think it will make the lack of personal responsibility for finances that some people have even worse.(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0 -
There's more to saving than not spending money that's given to you. Regular saving is what needs to be encouraged and the CTF does nothing to help this, rather the opposite in fact.0
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I think that all parents that work should have child benefit, but only for the first two children. No child benefit for parents that don't work, unless they have been on benefits for less than two years. Two years on benefits should be the cut off point. Those that live on benefits should not be encouraged to have more children for others to keep, so no child benefit for them.
Child Trust Funds and Tax Credits should be scapped. Open the school kitchens (private firms) to feed the children of the poor. Those that have parents that don't work, would get 3 meals a day. That way the tax payers money will be spent on the children and will not pay for their parents, fags, booz, mortgages.
I see your point on the first part of your reply, however, how would this work for a SAHM who is supported by her husband and not the state? The child Benefit is currently payable to the mother. Does that mean because she has made the decision to SAH for the time being (without claiming anything other than Child Allowance) she would be penalise for not working?
I agree with your second point though.
WASHER.x.
p.s. I'm surprised this thread hasn't been move yet!0
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