måndag 19 maj 2008

Proposed stupid legislation item #5

The government is proposing to introduce a new form of savings account for poor people, with money to be matched by government.

Here is more soft-headed and badly thought-out legislation. Poor people are poor primarily because of the tax system. It is the poor who are hardest hit by the "ability to pay" principle, because as soon as they are not quite poor, the system hits them hard and knocks them back down again, so in the end a lot of them not unreasonably give up and make the best of things by surviving on benefit.

This is another example of dealing with the symptoms and not causes. And whose money is the government giving away and what will the "poor" do with it, and when?

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