In Britain, every parent receives £21 child benefit and £14 for every subsequent child. This amount comes from the Tax and National Insurance that we pay, and with exception of the few big businesses we have heard about recently, everyone pays and therefore every citizen is entitled to receive their £20 a week to clothe and feed their offspring.
As from midnight, the Conservative Party ruling comes into effect that only parents on less than £50,000 can receive it, anyone earning above that amount will have the £20 reduced on a sliding scale and anyone on over £60,000 will not receive it at all, a saving of £2 billion according to the treasury.
This puts me in a a slight quandary because a part of my brain thinks that people who earn that much should not get it and taking away £20 a week from them will make no visible difference to their income but then another section of my brain thinks everyone who pays into it should get child benefit because they paid into it.
Then there is another part of my brain that thinks that people who don't have children still pay into it and they don't get anything so yes, take it away from the high earners but then a different set of grey cells think if the Government start tinkering with universal benefit such as Child Benefit, then they could start tinkering with other benefits we pay into such as the State Pension so no, leave it as it is and don't prevent anyone from receiving what is rightfully theirs.
It depends on the time of the day, what mood i am in, how much coffee i have drank and how my drive in went which determines how i feel about this move and what i have decided is how they will spend the £2 billion they will save.
If they are just going to hand it over to a bank, buy cruise missiles or use it to build nuclear power plants then i would prefer they gave it to those earning over the £50,000.
If they are going to use it to buy school text books, build a hospital or keep open some libraries then i say take it off them but that's another problem, it will just go into the big Government pot and although it will save £2 billion, it won't be fenced off for anything in particular and be used to pay off the debt which was caused by the banks so when i put it that way, the Government is taking money off the rich to give to the even richer so we won't actually see any of the £2 billion anyway.
In conclusion, i am still split on whether it is a good thing or not so maybe the best option would be for anyone on over £50,000 to be asked to voluntarily stop receiving child benefit, that way the Government is not starting off a possible precedent of denying people money they rightfully deserve and have paid in to.