If you have children you are better off on welfare

edanto

No, no-one who bought a home (as distinct from selling or loaning money for) is at fault and should be kicjed out of their home. But in the same way that refinancing banks comes with an ownership of equity, the govermment should start to retain an nterest in the home once they are paying the mortgage!

I am apalled at the way that the government could find a E7bn extra quid to give to the bankers bit stil slashed the aid budget to 1970 levels. I've been reading a lot of what is said in the Dail on kildarestreet.com since Wednesday and I'm not impressed with the way that they are discussing the current crisis. There is more valid discussion, with good ideas, on these boards than on the warm cowskin at Leinster House.

We need to get more active! Who has a political party?!

aare

edanto wrote: »

No, no-one who bought a home (as distinct from selling or loaning money for) is at fault and should be kicjed out of their home. But in the same way that refinancing banks comes with an ownership of equity, the govermment should start to retain an nterest in the home once they are paying the mortgage!

I think that is, actually, an excellent idea that would not harm anyone and would create an opportunity to recover some of the money when the economy recovers...

b12mearse

Andy Mc wrote: »

I recently had a long conversation with a friend of mine who lost his job. He was in a reasonably good job and after a little bit of overtime was earning a gross salary of €35,000 per year.
So I asked him the obvious question of how he was going to cope now with 4 children to feed and I have to be honest the answer startled me, he was actually a lot better off and now in a position to go out golfing every day when his children are at school. Frankly I did not believe him until I sat down and did the sums.
On a salary of €35,000 his annual net income after the mini budget was €28,854, after all deductions. Now his on the supplementary welfare allowance which with a wife and 4 children gives you €443.90 per week or €23,083 annually. As he also has a mortgage he is entitled to mortgage interest supplement which pays all the interest on your mortgage so in his case €1,200 per month of his €1,500 mortgage or €14,400 per annum. He is also entitled to back to school and footwear payment of €905 per year for 4 children, a medical card which we will say is worth on average say €500 per year (probably more) and a heating supplement which I cannot quantify. In total he now therefore has tax free income of €38,888 and increase in his net income of €10,034 per year for working on his golf handicap. Based on the calculations after the mini budget you would need to earn more than €47,000 per year if you have 4 children to justify continuing to work. Now this is even before the costs of working like petrol, car maintenance, tolls, lunches etc.
Now in any civilised society and especially a society in a deep recession with a huge welfare bill surely the government must give people an incentive to go out and work. Making the child benefit taxable or means tested later this year is just going to make the situation far worse and encourage more people to give up work and rely on the state to live. It could even drive our small economy to collapse as the welfare bill gets bigger and bigger as more people including myself say, why should I bother to go out to work when it is basically costing me money to work?
The country needs to get back to basics, to a system that encourages people to get up off their backside to work, encourages people to take risks , set up businesses, enterprise rather than encourage people to rely on the state. Unless something radically changes I will be joining my mate on the golf course very soon.

Why do you think there is so many Polish and Nigerians in this country. It's not for the weather.