You buy a bottle of milk. You pay for it at the checkout. You take the milk home and use it in your coffee and cereal.
Now if that was national insurance…you’d buy it. Take it to the checkout and pay but as your leaving the shop the security guy stops you and asks what you’ll be using it for?
For use in coffee, there are additional beverage related charges. For use in cereal there are additional nutritional related benefit charges.
Originally the milk cost £1.00 GBP.
Add beverage charges £1.00 GBP
Add nutrition charges £1.00 GBP
The £1.00 bottle of milk now costs £3.00 but the product benefits remain the same
“National Insurance payments were introduced in 1911.
The idea was to provide a government safety-net for workers who fell on hard times.
Employees paid money into the scheme out of their wages.
Anyone needing cash for medical treatment, or because they had lost their job, could claim from the fund.”
“You pay National Insurance contributions to build up your entitlement to certain state benefits, including the State Pension. The contributions you pay depend on how much you earn and whether you’re employed or self-employed. You stop paying National Insurance contributions when you reach State Pension age.”
“Funding for the NHS comes directly from taxation and is granted to the Department of Health by Parliament. When the NHS was launched in 1948 it had a budget of £437 million (roughly £9 billion at today#s value). For 2012/13 it is around £108.9 billion. ”
The system has changed over the years.
“National Insurance is now used to pay for:
Sickness and disability allowances
The state pension
NI is supposed to be “ring fenced” – meaning the money raised is only used for these areas and won’t be spent on things like building schools or employing police officers.
However, the government can borrow from the National Insurance fund to help pay for other projects”
Who approves this?
We pay 3 times for the same product but the level of service continues to deteriorate.