Taxing the poor’s savings
July 17, 2021
The prime objectives of creation of the NSS financial system were twofold. Benefit to the public and the government.
For the general public it provides:
1. An investment-based guaranteed stream of regular income for the aged, elderly, lower middle-class, private sector workforce, retirees, devoid of pension and State Social Security income, after having reached retirement age and or confronted with physical handicaps/disabilities limiting individual income generation capabilities.
2. Create an accumulated overtime, profit-generating savings pool for middle and lower class working earners to:
a. Purchase a home.
c. Cater to their children s marriages.
d. Cater to old age healthcare expenses, etc.