Most people are reasonably responsive towards charity. Indeed, I have just sent off my annual donation to Cerebra so I have no problem with charitable giving. Indeed, philanthropy seems to me more desirable than state controlled welfare, but, that’s just me…
Surely, then, people would not complain if charities were to have access to more money, would they?
Savers who forget where they put their money or do not use their bank account may find that the balance is transferred into a new charity fund, it became clear yesterday.
The Commission For Unclaimed Assets, set up last year by the Government, wants to use money held in “lost” or “dormant” accounts to form a new “Social Investment Bank”.
However, building societies fear that rules regarding accounts where banks have lost touch with the owners may also apply to accounts operated by long-term savers.
Ah. Not quite the same thing as philanthropy, is it? Although it strikes me that the government is all too willing to give away other peoples’ money.
The Government has proposed that all accounts untouched for 15 years could be considered unclaimed assets.
There is a word that accurately describes what the government is proposing here. That word is “theft”.