On Fri, 27 Nov 2015 10:37:10 GMT, Harry Bloomfield
<
harry...@NOSPAM.tiscali.co.uk> wrote:
>michael adams wrote :
>> In this case there are some people who are attracted to the various
>> physical aspects of sticking stamps in books, the stamps themselves,
>> maybe lining them all up neatly, completing a line or a book.
>> etc etc.
>I was attracted to it, when I was around 12 years of age. I would
>collect the Green Stamps on behalf of my parents. I rapidly learned the
>whole thing was a futile waste of time and never collected for any more
>of those schemes.
They weren't quite the same as you could not go out and buy trading
stamps for x value and redeem them for that value later, they were a
bonus scheme given out with purchases. High rates of inflation helped
to finish them off as by the time you saved up enough for something
the small value they were worth had diminished.
The company saw what was going on an re branded itself Argos using the
stores that were previously available for savers to exchange the
stamps for goods.
The poor value bonus points idea now rests with various Debit/Charge
card schemes. For most people it takes ages to accumulate enough
points for anything decent. High mileage drivers on company business
who can use their own cards for fuel and accommodation and reclaim on
expenses are one group who can accumulate enough in a reasonable time
and acquire something that will genuinely be free them.
The Tax Man has never got around to arguing that points obtained'
that way are a benefit in kind either.
G.Harman