How did you spend your SSIA payout from FF?

ScumLord · 31-08-2011 01:36PM

Irish Slaves for Europe wrote: »

It was the most blatant transfer of wealth from the poor to the rich. Most working class people had no idea about this scheme. Whereas middle class people and rich people were rubbing their hands together in glee at all this free money being given to them.

It was talked about on the radio, on tv in the newspapers, you would have had to have had your head buried in the sand not to know about it. Most working class people at the time where middle class too.

I went around eastern Europe on some of it and plan to spend another chunk of it soon. I think it's mostly gone though, moneys for spending.

Badly Drunk Boy · 31-08-2011 01:42PM

I didn't spend mine yet. I just transferred it into my First Holy Communion account.

Irish Slaves for Europe · 31-08-2011 01:52PM

ScumLord wrote: »

It was talked about on the radio, on tv in the newspapers, you would have had to have had your head buried in the sand not to know about it. Most working class people at the time where middle class too.

Yeah and a lot of poor people don't buy newspapers or listen to the radio. It was a fundamentally flawed concept, which rewarded people who had spare cash to put away on savings and punished those who didn't have enough to save. And the more you could save the more free money the government gave you. So the richest got the most free money, the middle class were then rewarded handsomely as well. The only people worse off were the poorest in society but sure who cares about them.

fearcruach · 31-08-2011 01:55PM

Irish Slaves for Europe wrote: »

It was the most blatant transfer of wealth from the poor to the rich. Most working class people had no idea about this scheme. Whereas middle class people and rich people were rubbing their hands together in glee at all this free money being given to them. So poor people were basically subsidising the income of rich people. I could never understand why opposition parties didn't fiercely oppose this. It was the most unfair and unjust thing to happen in the history of the state. Of course now we have had the bank guarantee happen it has made the SSIA swindle seem like small fry in comparison, only this time the middle class have got burnt so now its a tragedy, now its so sad to see.

I'm from a working class family and we managed to save plenty for the scheme. It put myself and my sisters through college.

smash · 31-08-2011 01:57PM

You'd want to have been living in a cave to have never heard of the SSAI scheme when it was launching.

epgc3fyqirnbsx · 31-08-2011 02:00PM

Irish Slaves for Europe wrote: »

Yeah and a lot of poor people don't buy newspapers or listen to the radio. It was a fundamentally flawed concept, which rewarded people who had spare cash to put away on savings and punished those who didn't have enough to save. And the more you could save the more free money the government gave you. So the richest got the most free money, the middle class were then rewarded handsomely as well. The only people worse off were the poorest in society but sure who cares about them.

A lot of rich people Lots of people don't listen to the radio or read the papers, there really isn't much you can do about that.
Fair enough if you think it rewarded only those who had the spare cash but you can't say nobody knew about it.

It's purpose was the reign in inflation at the time and it was a sh1te effort to be honest. My only regret is that I wasn't earning at the time to take advantage of it

Interceptor · 31-08-2011 02:00PM

Irish Slaves for Europe wrote: »

Yeah and a lot of poor people don't buy newspapers or listen to the radio.

and thats why they are poor and entitled to free education.

Irish Slaves for Europe wrote: »

The only people worse off were the poorest in society but sure who cares about them.

Not me, I pay a shed load of tax and watch the government waste it on shíte like free health services and free schooling. See above answer.

'cptr

ScumLord · 31-08-2011 02:02PM

Irish Slaves for Europe wrote: »

Yeah and a lot of poor people don't buy newspapers or listen to the radio. It was a fundamentally flawed concept, which rewarded people who had spare cash to put away on savings and punished those who didn't have enough to save. And the more you could save the more free money the government gave you. So the richest got the most free money, the middle class were then rewarded handsomely as well. The only people worse off were the poorest in society but sure who cares about them.

I think your a bit over the top here, not that I think it was a smart thing for the government to do or anything and if they did it now I'd agree with you but at the time people had the spare cash, it wasn't a lot of money at the time.

Plus, poor people read tabloids.

Daniel S · 31-08-2011 02:04PM

Mam and dad brought me and my brother to Orlando for three weeks.

Best. Holiday. Ever.

Kept a good bit though. It's going to be used to put me through college and other stuff

My friend's parents are doctors and supposedly they had more that two accounts. :pac:

smash · 31-08-2011 02:06PM

Irish Slaves for Europe wrote: »

The only people worse off were the poorest in society but sure who cares about them.

Exactly.... so stop talking about them!

hidinginthebush · 31-08-2011 02:08PM

4leto wrote: »

I cant remember all the details but it was very generous. I think I ended up with a check of about 18 grand for saving 50 a week for 5 years.

I am not exactly sure but it really was a substantial amount of money for a bit of saving discipline.

I don't think we will ever see the likes of it again.

If I remember correctly, you had to save a minimum of €50 per month, ann the after 4 years you were given 25% of the the capital you had saved up on top of your savings.

Irish Slaves for Europe wrote: »

It was the most blatant transfer of wealth from the poor to the rich. Most working class people had no idea about this scheme. Whereas middle class people and rich people were rubbing their hands together in glee at all this free money being given to them. So poor people were basically subsidising the income of rich people. I could never understand why opposition parties didn't fiercely oppose this. It was the most unfair and unjust thing to happen in the history of the state. Of course now we have had the bank guarantee happen it has made the SSIA swindle seem like small fry in comparison, only this time the middle class have got burnt so now its a tragedy, now its so sad to see.

It was advertised on billboards, surely "working class people" can see those?

Irish Slaves for Europe · 31-08-2011 02:13PM

hidinginthebush wrote: »

It was advertised on billboards, surely "working class people" can see those?

working class people can't read and/or can't afford glasses to correct their poor eyesight

fearcruach · 31-08-2011 02:17PM

Irish Slaves for Europe wrote: »

working class people can't read and/or can't afford glasses to correct their poor eyesight

I thought you were just on the extremes of opinion. Now I realise you're a troll.

4leto · 31-08-2011 02:19PM

Irish Slaves for Europe wrote: »

working class people can't read and/or can't afford glasses to correct their poor eyesight

LOL

Who are these poor poor people
No radio
No TV
Illiterate
Bad eyesight
Probably bad hearing as well

Just think if they did use the scheme they could have baught a radio, a tv, schooling, glasses and a hearing aid after 4 years. A shame really.

Daniel S · 31-08-2011 02:20PM

fearcruach wrote: »

I thought you were just on the extremes of opinion. Now I realise you're a troll.

It's after hours.. leave him alone

gstar · 31-08-2011 02:28PM

used mine to pay stamp duty

how ironic that m now selling said house with negative equity! sh!t happens eh

4leto · 31-08-2011 02:37PM

gstar wrote: »

used mine to pay stamp duty how ironic that m now selling said house with negative equity! sh!t happens eh

Sickner
And the irony the bloated stamp duty at that time was probably paying for the scheme.

buswankers · 31-08-2011 03:09PM

Used every penny of mine to go travelling for a couple of years......money well spent if you ask me, glad I didn't listen to the "use that as a deposit for a nice house" brigade! Would do the exact same if I had the chance !

& who did I vote for in the following election? No-one as I was backpacking around South America at the time

Malari · 31-08-2011 03:26PM

Put in the max for about half the time, and reduced it to the minimum while I went back to college.

Bought half a car with my payout :pac:

Monty Burnz · 31-08-2011 03:41PM

Irish Slaves for Europe wrote: »

Yeah and a lot of poor people don't buy newspapers or listen to the radio.

Tough sh!t to be honest. If you don't care to inform yourself about what's going on in the world, don't expect to hear about opportunities.

smash · 31-08-2011 03:46PM

Malari wrote: »

Put in the max for about half the time, and reduced it to the minimum while I went back to college.

Bought half a car with my payout :pac:

which half?

Malari · 31-08-2011 03:55PM

smash wrote: »

which half?

Bottom half. :cool:

smash · 31-08-2011 03:59PM

Malari wrote: »

Bottom half. :cool:

topless then huh?

Malari · 31-08-2011 04:00PM

smash wrote: »

topless then huh?

No, he likes to be on top.

saywhatyousee · 31-08-2011 04:22PM

I was thinking about this a while back could it of been the SSIA that destroyed the country?The terms were extremely over generous.Get lots of people to save so AIB and Bank of Ireland could falsely bolster there deposit books and get leverage on large sums of money that they other wise would not of got?Cooking the books one might say.....

foxyboxer · 31-08-2011 04:24PM

saywhatyousee wrote: »

I was thinking about this a while back could it of been the SSIA that destroyed the country?The terms were extremely over generous.Get lots of people to save so AIB and Bank of Ireland could falsely bolster there deposit books and get leverage on large sums of money that they other wise would not of got?Cooking the books one might say.....

...and the maturity dates co-incided with an upcoming general election too. Pure political exercise from Charlie.

And for the "ill-informed working class, poor people" similar terms are available at present too.

Savings Certificates Interest 21% after 5.5 years, AER 3.53%, tax free.

Saila · 31-08-2011 04:45PM

saywhatyousee wrote: »

I was thinking about this a while back could it of been the SSIA that destroyed the country?The terms were extremely over generous.Get lots of people to save so AIB and Bank of Ireland could falsely bolster there deposit books and get leverage on large sums of money that they other wise would not of got?Cooking the books one might say.....

and Id say the average working class person saved about 10-15 grand for a house..oh look how much was stamp duty then? :rolleyes:
Russia could take lessons from us!

7sr2z3fely84g5 · 31-08-2011 04:54PM

it kick-started the economy again,the money just flowed,i do remember the day they where matured,the local bank of ireland had sweets on the counters and balloons up to welcome in the ssia spenders.

Some supposedly spent it on cosmetic surgery-
http://www.independent.ie/national-news/plastic-surgeons-lick-lips-at-ssia-payouts-112217.html

WOMEN are already filling the waiting rooms of plastic surgeons as they plan to spend their SSIA payouts on improving their appearance. Forget about new cars, home improvements or extended holidays. When the spending splurge begins, for some it will be all about the coveted nip and tuck.
Estate agents have reported that the property market is hot because of the SSIA feelgood factor. And yesterday, two clinics specialising in cosmetic treatment said they noticed a surge in interest as the cash-in date nears.
A spokeswoman for Advanced Cosmetic Surgery in Dublin said the number of women booking consultations has been steadily increasing in recent weeks.
"Women are coming in to us now to go through the initial consultation with the surgeon," said Debbie Ashdown-Sheils of ACT.
"They are checking that they are suitable for surgery and are making appointments for an operation to be carried out in May when their SSIAs begin to mature."
Lip enhancement and other non-surgical procedures at the surgery have risen by 16pc since last year, with breast augmentation up 20pc.
Valentine's Day may also be having an impact, as the surgery noted that a growing number of people are receiving vouchers for the surgery from their partners.
Lip enhancement is hugely popular amongst young and old women. At a cost of ?320 twice a year, younger women are having the procedure to get a more pronounced pout.
Thinning
Older women simply want to plump their upper lip, which naturally grows thinner with age. "People are pretty open about things like this nowadays," said Ms Ashdown-Sheils.
"Guys come down and tell us that they know their girlfriend comes in for treatment and they want to get her a voucher as a present."
More men are also booking in for procedures, with operations to remove male chest fat or male 'boobs' the most popular, followed by rhinoplasty to adjust the size and shape of the nose.

i don't think it was one of the worse things the last gov did,the only thing i think was backwards was increasing the dole payments in the budgets when there was plenty of work at the time.

hidinginthebush · 31-08-2011 04:58PM

foxyboxer wrote: »

...and the maturity dates co-incided with an upcoming general election too. Pure political exercise from Charlie.

And for the "ill-informed working class, poor people" similar terms are available at present too.
Savings Certificates Interest 21% after 5.5 years, AER 3.53%, tax free.

And how would one obtain these "Savings Certs?"

foxyboxer · 31-08-2011 05:23PM

hidinginthebush wrote: »

And how would one obtain these "Savings Certs?"

http://www.statesavings.ie/Pages/default.aspx

How did you spend your SSIA payout from FF?

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