Questions and answers on national insurance : a practical and clear handbook for all / by Gilbert Stone.

  • Gilbert Stone
Date:
1912
Catalogue details

Licence: In copyright

Credit: Questions and answers on national insurance : a practical and clear handbook for all / by Gilbert Stone. Source: Wellcome Collection.

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    INTRODUCTION The National Insurance Act, 1911, is at once one of the most complex and important Acts which have ever been placed on the Statute Book. It affects directly some 15,000,000 persons, and indirectly practically every person in the United Kingdom. It was designed to effect two great ends:— (1) An insurance, as far as possible, of the working popu- lation against sickness, breakdown, consumption, and unem- ployment. (2) A reduction of the number of paupers, with a conse- quent lessening of the poor rate and the expenditure on workhouses and kindred institutions. Although, in consequence of the employer’s liability to pay certain contributions in respect of all his employees employed within the meaning of the Act, a considerable amount of fresh taxation has been placed upon his shoulders, it may be that, as time goes on, a considerable part of this burden will be removed by a reduction in the poor rate. It will doubtless be known by the reader that for the last twenty-seven years there have existed in Germany schemes of National Insurance which together are practically equivalent to the scheme created by the National Insurance Act. At the time of the introduction of the first of those schemes into Germany an outcry was raised, as it has been here, that the tax imposed upon the employer would prove too great a strain for him to bear; that a national scheme of such importance would probably overwhelm the economic conditions of the country, and that the value of money would increase in consequence of the withdrawal of so much wealth from immediate circulation. As a matter of fact,
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