Edited by Hede Maria Cavell, Friday, 4 Feb 2022, 17:04
Having had a conversation with my partner this morning regarding National Insurance, l wondered if it was society that had become complacent in regard to National Insurance .
What is the difference between the private insurance companies and government run insurance ?
Both are meant to pay out if required.
.Both assess, to make sure that it is a legitimate claim.
Both do not like paying out !
Do we understand what happens to that money that is paid in each month?
Both use other peoples' money to payout, however, when buying insurance from private companies you are informed and have a choice to look for the best deal that suits your needs and circumstances, but do we give it the same thought when it comes to paying National Insurance ?
Do we not pay much attention to the money paid in for National Insurance ? Is it because it is taken at source and we assume that when we require it, will automatically be there for us ? Or is it the thought that it's compulsory and 'who cares anyway ?'
Are we the one's that have not been educated enough to understand and therefore have become complacent to certain finances?
Do we feel that as National Insurance is compulsory and is taken at source, we have become complacent in thinking that the government knows what is best, and what they are doing and therefore, we will get the best return for our money ? Or is it a case that we really do not have a say and there for have to, 'grin and bear it'? If the latter why?
Should we be more responsible and question before we cast our votes to protect this investment?
Having watched these two documentaries, l feel that scheduling these programmes on BBC2 at prime time (9pm on Tuesday nights) the BBC is hiding away from topical issues that are very relevant and informative to society at present.
'Insiders from Theresa May’s government reveal how attempts at economic reform were stymied by Brexit struggles. Covid-19 threatens the promises of levelling up made by the new PM.' (Source BBC iPlayer 2022.)
National Insurance different perspective.
Having had a conversation with my partner this morning regarding National Insurance, l wondered if it was society that had become complacent in regard to National Insurance .
What is the difference between the private insurance companies and government run insurance ?
- Both are meant to pay out if required.
- .Both assess, to make sure that it is a legitimate claim.
- Both do not like paying out !
Do we understand what happens to that money that is paid in each month?Both use other peoples' money to payout, however, when buying insurance from private companies you are informed and have a choice to look for the best deal that suits your needs and circumstances, but do we give it the same thought when it comes to paying National Insurance ?
Do we not pay much attention to the money paid in for National Insurance ? Is it because it is taken at source and we assume that when we require it, will automatically be there for us ? Or is it the thought that it's compulsory and 'who cares anyway ?'
Are we the one's that have not been educated enough to understand and therefore have become complacent to certain finances?
Do we feel that as National Insurance is compulsory and is taken at source, we have become complacent in thinking that the government knows what is best, and what they are doing and therefore, we will get the best return for our money ? Or is it a case that we really do not have a say and there for have to, 'grin and bear it'? If the latter why?
Should we be more responsible and question before we cast our votes to protect this investment?
Here are some links you may find useful.
National Insurance (politics.co.uk)
Having watched these two documentaries, l feel that scheduling these programmes on BBC2 at prime time (9pm on Tuesday nights) the BBC is hiding away from topical issues that are very relevant and informative to society at present.
BBC iPlayer - The Decade the Rich Won - Series 1:
'Episode 1 Since 2008 the wealthiest have ‘made out like bandits’ while many of us have struggled. Now top insiders from government and finance lift the lid on how it happened'. (source BBC iPlayer 2022.)
BBC iPlayer - The Decade the Rich Won - Series 1: Episode 2
'Insiders from Theresa May’s government reveal how attempts at economic reform were stymied by Brexit struggles. Covid-19 threatens the promises of levelling up made by the new PM.' (Source BBC iPlayer 2022.)