Could they implement another one now or is it too late?
Yea, that would be like increasing taxes during a recession.From an economic point of view, it would be a very bad idea to have another SSIA scheme now as it would take huge amounts of money (spending power) out of the economy at exactly the moment that it is needed.
I thought they matured at the right time. Just before a general election...
From an economic point of view, it would be a very bad idea to have another SSIA scheme now as it would take huge amounts of money (spending power) out of the economy at exactly the moment that it is needed.
What about recapitalising the banks?
Instead of the Government using taxpayers money to bail them out, how about an SSIA?
1m people doing an SSIA which will give 20k each is the equivalent of capitalising the banks with 20bn in cash.
I thought they matured at the right time. Just before a general election...
Did the Government make the wrong call on the timeframe for the maturation of SSIAs? They matured at the wrong time - when the credit was easiest to get, thus fueling the bubble which burst.
Wouldnt it have been better if the SSIAs were due to mature in 2009? Would this have cushioned the blow of the credit crunch?
If they knew we were in a property bubble and that capital taxes were sustaining current spending then they would have done things differently... oh no, wait; they did know.If the government had the foresight to see the credit crunchie 7 years ago, I suspect they would have done a great many things differently, the SSIA scheme wouldn't have been that high on the priority list, so this is a pretty pointless discussion...
Ehm, Paddy, you do know that you paid for 80% of those things yourself?Any Government that would commit to adding 1 for every 4 saved was totally and absolutely barking mad.
I did a fixed SSIA ... it provided me with furniture, paid off my car loan, bought a maaaaaaaasive flat screen tv and I still had a little left over!
The SSIA's were a God send for me .... but it didn't do the state coffers any good.
It probably over stimulated the economy and is probably one of the reasons we're in this economic mess now!
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