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We should hand back the SSIA money.

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  • 07-06-2009 9:54pm
    #1
    gearoidc
    Registered Users Posts: 169 ✭✭


    This money should never have been given away.

    Those of us fortunate enough to be able to put the cash aside were given a big lump of tax-payers money. The simple truth of it is that we should never have got it.

    It's time to hand it back imo.


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    #2
    oscarBravo
    Technology & Internet Moderators Posts: 28,804 Mod ✭✭✭✭oscarBravo


    I can't - it all evaporated when the stock markets imploded. :(


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    #3
    mikemac
    Closed Accounts Posts: 19,986 ✭✭✭✭mikemac


    Don't worry OP, we got a large part of it back on VRT for new motors and stamp duty on new homes. (stamp duty applied to new houses back then)

    Oh and VAT on everything else.

    And mega fines from Revenue on people who have undeclared rental income on holiday homes bought in Bulgaria, Croatia, etc.


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    #4
    Liam Byrne
    Closed Accounts Posts: 18,163 ✭✭✭✭Liam Byrne


    Not to mention the amount of OUR money that Lenihan has wasted bailing out the Galway Tent Bank known as Anglo Irish.....


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    #5
    jimmycrackcorm
    Registered Users Posts: 14,339 ✭✭✭✭jimmycrackcorm


    Why would we hand back our own money? Next, give back our wages to our employers?


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    #6
    utick
    Closed Accounts Posts: 562 ✭✭✭utick


    maybe if more people saved money rather than blowing it all the recession would be less severe


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    #7
    mikemac
    Closed Accounts Posts: 19,986 ✭✭✭✭mikemac


    utick wrote: »
    maybe if more people saved money rather than blowing it all the recession would be less severe

    I thought the government was trying to encourage people to spend money in the recession.


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    #8
    utick
    Closed Accounts Posts: 562 ✭✭✭utick


    mikemac wrote: »
    I thought the government was trying to encourage people to spend money in the recession.

    they dont have any because they didnt save any. all they have now is lots of debt to pay off on overvalued assets. (not everyone)


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    #9
    Ostrom
    Registered Users Posts: 3,483 ✭✭✭Ostrom


    gearoidc wrote: »
    This money should never have been given away.

    Those of us fortunate enough to be able to put the cash aside were given a big lump of tax-payers money. The simple truth of it is that we should never have got it.

    It's time to hand it back imo.

    The very process would cost more than the potential returns


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    #10
    SeanW
    Registered Users Posts: 8,844 ✭✭✭SeanW


    utick wrote: »
    maybe if more people saved money rather than blowing it all the recession would be less severe
    Maybe if we had a sound currency instead of a Central Bank inflating the money supply and lowering interest rates, it might have made sense for people to save.

    Consumerism is its own reward, especially when you lose wealth by leaving your money in the bank.


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    #11
    zootroid
    Registered Users Posts: 784 ✭✭✭zootroid


    The SSIA was a flawed scheme that tried encourage people to save in order to lower inflation. The government would have been better off tackling the bubble that was forming in the construction industry, only it wasn't in their interests. The government have only themselves to blame for the mess the country is in now. The poor decisions they made are the reason Ireland is in the state it is

    Oh, and yes, people should hand back whatever money they got from their SSIA's :rolleyes:


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    #12
    louliewan
    Registered Users Posts: 111 ✭✭louliewan


    Did you benefit from the scheme by any chance?


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    #13
    hallelujajordan
    Registered Users Posts: 2,080 ✭✭✭hallelujajordan


    gearoidc wrote: »

    It's time to hand it back imo.

    We are . .It's called the Income Levy and by the time it disappears I will have given back way more than I ever made with the SSIA.

    Thanks,

    . .dermot


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    #14
    Zambia
    Closed Accounts Posts: 7,333 ✭✭✭Zambia


    gearoidc wrote: »
    It's time to hand it back imo.

    If anyone was going to get back any money of me it would be the couple who brought my house in late 2006.

    As for the SSIA I had that spent way before i ever saw it...


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