tag:blogger.com,1999:blog-1141932539860553199.post7751761368483191304..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: "Duncan Smith outlines plans for pre-paid pension cards"Mark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1141932539860553199.post-19700137933384713602014-09-30T14:03:41.459+01:002014-09-30T14:03:41.459+01:00CU, it would be good fun if somebody hacked his sp...CU, it would be good fun if somebody hacked his speech thusly and he read it out in front of the assembled wrinkles. <br /><br />M, it's not about cost saving, its about appearing "tough". <br /><br />BJ, yes, as we have seen time and time again with any sort of voucher scheme e.g. rationing. <br /><br />State Pension and other pensioner benefits are £100 bn.<br /><br />Unemployment benefit in very narrow sense is a tiny amount, it all depends on what you include. A fair estimate for working age benefits in total is about £70 bn, half of which is Child Tax Credits, that's the biggest single item.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-33158599464581217482014-09-30T09:33:16.030+01:002014-09-30T09:33:16.030+01:00They would just be sold or traded.
State pensions...They would just be sold or traded.<br /><br />State pensions are around £70bn=10% of Government spending<br /><br />Out of work benefits around £12.5bn=1.8% Government spending<br /><br />I'm always amazed just how much fuss and moral outrage goes on around this tiny 1.8% sliver.<br /><br />benjhttps://www.blogger.com/profile/11544297406005346095noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-46019537157964366572014-09-30T09:17:06.059+01:002014-09-30T09:17:06.059+01:00Even leaving aside that this is deeply unpleasant,...Even leaving aside that this is deeply unpleasant, authoritarian policy, why does no one ever question the cost?<br /><br />A pre-payment card would be loaded with precisely the same amount of benefit, and would all get spent one way or the other. No taxpayer's money would be saved by such a scheme, it's just more benefit spending.Mikehttps://www.blogger.com/profile/04074279343472634024noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-27583654716950749612014-09-30T09:04:14.294+01:002014-09-30T09:04:14.294+01:00good plan,let's hope they do it eh?!!!!good plan,let's hope they do it eh?!!!!CityUnslickerhttps://www.blogger.com/profile/15929544047783163175noreply@blogger.com