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Thread ID: 119975	2011-08-19 08:09:00	Benefit changes	Nomad (952)	PC World Chat

Post ID	Timestamp	Content	User
1224466	2011-08-21 00:07:00	As I say, it's for long termers on the benefit for those who are fully able to work . Benefits should be the last stop, it's a privilege . For working people, if they cannot afford their current house they look for a smaller place or rent, they don't expect others to help them, well I hope not . For the capital gain tax . Why invest in financial markets if one could just invest in properties which is generally safer and it's free from capital gains tax . A property is a investment and should be treated the same as any other investment . It provides shelter and it's an asset . Compared to renting it's yours and have the option of selling and getting speculative gains . Ie . some may sell it well into their retirement years and have this amount and rent or in a retirement village . When you pass away you cannot use it anymore, so either you use it for yourself on a plan or you let other(s) inherit or transfer it via a trust slowly over time which is again tax free . As any choice a person considers rent or purchase and the pros and cons of each .	Nomad (952)
1224467	2011-08-21 00:27:00	We'll just have to agree to differ there, on that one. However as always, it is interesting to read others' opinions and everyone's situations are different, so what may suit some does not suit all. Cheers LL :D	lakewoodlady (103)
1224468	2011-08-21 04:18:00	Why can they not create the job for themselves? How? All the manufacturing has pretty much gone now, there's only so many food places, and resellers of chinese goods you can have. To start a business you need capital, and experience and a product or service that can make you a living. It's harder to do than you might think. It's not just here, too many people all over the place and not enough places with work anymore.	pctek (84)
1224469	2011-08-21 05:08:00	I had Bonus Bonds of around $8,000 when my husband died and When I went to WINZ to apply for the widows benefit, they said that they were not asset tested, but that I would have to declare any prizes. Well, I didn't get any prizes as I cashed them in for living expenses and to help with funeral costs. I still have some left but only about $200. Still haven't had any prizes.LL Sorry to read the loss of your husband. Old age is catching me up fast, lol, that prize money went into new bb, now that I remember. Would have to go back and see how much we won in smaller prizes and these were not declared. As you say prizes have been minimal, so cashed up half and put into fixed term deposit, which of course has also deteriatored. NZ should be like the Yanks and issue food stamps in place of the new card system. The world is dire straits with finances, soon be our turn with China/Euro money having to be repaid. Regards, Lurking.	Lurking (218)
1224470	2011-08-21 05:26:00	For the capital gain tax . Why invest in financial markets if one could just invest in properties which is generally safer and it's free from capital gains tax . A property is a investment and should be treated the same as any other investment . It provides shelter and it's an asset . Compared to renting it's yours and have the option of selling and getting speculative gains . Ie . some may sell it well into their retirement years and have this amount and rent or in a retirement village . When you pass away you cannot use it anymore, so either you use it for yourself on a plan or you let other(s) inherit or transfer it via a trust slowly over time which is again tax free . As any choice a person considers rent or purchase and the pros and cons of each . When Bonus Bonds were first issued by NZ Post, the money was to be lent out at a lower interest rate to home buyers/home upgrade, lenders had the opportunity to win a certain percentage as prizes . Property as an investment is ok over the long term, but if you are unfortunate to get a transfer well away from your investment, when the property market slumps as it did about 2 years back, you could stand to lose a lot of money, as our son did . Hard times are hear to stay and something has to be done . Lurking .	Lurking (218)
1224471	2011-08-21 05:41:00	Which begs the question: . . . Why can they not create the job for themselves? I did, but sadly the Unicorn Saddlery business is a bit quiet in these difficult times . I was promised a protected franchise for my entire street too . On the bright side, my materials supply is good, and the tools are still "as new" . I'm hoping to get a student loan for a course on butterfly wig making from the same franchise chain as they absolutely guarantee there is nobody making wigs for butterflies within twenty kilometres of here . The diplomas look very handsome too .	R2x1 (4628)
1224472	2011-08-21 05:52:00	Not sure if a benefit is a privilege though. Some it's a necessity, if suddenly a person becomes ill, or incapacitated. My cousin an amputee, enjoyed factory work in the late 60's till mid 80's with his one arm. But he noticed management/staff would look him up and down in the late 80's, once more streamlined/smarter processes, diverse cultures immigrating to NZ, culminated. So he went on the benefit (invalids), been on it since.	kahawai chaser (3545)
1224473	2011-08-21 05:56:00	I forsee the day in the not too far distant future where all benefits will be delivered via a debit card that will have a range of specified exclusions and limitations . So, for example you could only purchase just so many ciggies or booze per benefit period and after that the purchases would be declined . Rent woukld be direct credited to the Landlord (in exchange for which perhaps a lower rental might be charged as a quid pro quo for guaranteed rental income and no arrears) and the TAB or other gambling would be blocked . Cash-out would limited to a specified maximum transactions per day and net sum per week to allow for incidentals (that would hit the tinnie house and drug market), and transactions of all type other than medical perhaps would be limited to a maximum daily sum . If beneficiaries have not been taught budgeting, or are under pressure from rellies to hand over money, a debit card would make good sense under those conditions, provided that the safety net was still there for unexpected medical or educational expenses . I'm just waiting for one government or the other to put it up as an election policy, because if people in work can live through their plastic by voluntary budgeting, so can any other fixed income group, provide that the weekly payment is adequate for their needs (not wants) . Cheers Billy 8-{)	Billy T (70)
1224474	2011-08-21 06:16:00	I forsee the day in the not too far distant future where all benefits will be delivered via a debit card that will have a range of specified exclusions and limitations . So, for example you could only purchase just so many ciggies or booze per benefit period and after that the purchases would be declined . Rent woukld be direct credited to the Landlord (in exchange for which perhaps a lower rental might be charged as a quid pro quo for guaranteed rental income and no arrears) and the TAB or other gambling would be blocked . Cash-out would limited to a specified maximum transactions per day and net sum per week to allow for incidentals (that would hit the tinnie house and drug market), and transactions of all type other than medical perhaps would be limited to a maximum daily sum . If beneficiaries have not been taught budgeting, or are under pressure from rallies to hand over money, a debit card would make good sense under those conditions, provided that the safety net was still there for unexpected medical or educational expenses . I'm just waiting for one government or the other to put it up as an election policy, because if people in work can live through their plastic by voluntary budgeting, so can any other fixed income group, provide that the weekly payment is adequate for their needs (not wants) . Cheers Billy 8-{) True will come, at least to at risk beneficiaries, e . g . those that seem to endlessly ask for grants, or in serious debt . But how far will limitations/requirements need to go for any real budget control? Should a solo beneficiary be denied buying her kids clothing from a trendy store (e . g . pumpkin patch), or another mobile phone within 4 months, or more than 3 kids meals at McDonald's per week, etc . Might also require a certain amount of cash (minimal) to be withdrawn, and direct debit for essentials for effective control .	kahawai chaser (3545)
1224475	2011-08-21 06:18:00	I forsee the day in the not too far distant future where all benefits will be delivered via a debit card that will have a range of specified exclusions and limitations . So, for example you could only purchase just so many ciggies or booze per benefit period and after that the purchases would be declined . Rent woukld be direct credited to the Landlord (in exchange for which perhaps a lower rental might be charged as a quid pro quo for guaranteed rental income and no arrears) and the TAB or other gambling would be blocked . Cash-out would limited to a specified maximum transactions per day and net sum per week to allow for incidentals (that would hit the tinnie house and drug market), and transactions of all type other than medical perhaps would be limited to a maximum daily sum . If beneficiaries have not been taught budgeting, or are under pressure from rellies to hand over money, a debit card would make good sense under those conditions, provided that the safety net was still there for unexpected medical or educational expenses . I'm just waiting for one government or the other to put it up as an election policy, because if people in work can live through their plastic by voluntary budgeting, so can any other fixed income group, provide that the weekly payment is adequate for their needs (not wants) . Cheers Billy 8-{) Very good points billy, from what I have heard a lot of money gets sent back over to the PI's which is perfectly fine if you have worked hard for it . But if you are sending part of your benefit over then claiming for extra assistance that a different story . And nice of you to allow some ciggies and booze on there, others wouldn't be so kind	plod (107)
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