We should hand back the SSIA money.

gearoidc

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.

oscarBravo

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

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.

Liam Byrne

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

jimmycrackcorm

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

utick

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

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.

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)

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

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.

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:

louliewan

Did you benefit from the scheme by any chance?

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

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...