To be fair the licence fee was created when their was no other form of entertainment available. We now live in a time where we have 100's of channels & On Demand streaming of video content. Their is plenty of content available to watch now and it's about time the BBC was modernised and left to fend for itself on it's own two feet.Their is no real justification i can see for a licence fee to be needed in this day and age.
Yes it is for people who can't afford it, and when it's back up by courts and bailiffs. It is an anachronism which has long past its time, and it should now be a voluntary fee not a compusory tax for owning a TV.
£150.50 is rapacious? Get a grip (lol)
From what I've read the £100M investment hoard generates a return of around £2-£3 million a year meaning it would take just over 30 years to make another £100M which is not worth it to me. They should be spending it now the amount of money they receive every year from the appeal is more than enough without having to hold back money to invest.
I'm sure it was either Children in Need or Comic Relief that were found to be using donated money to invest in other companies, some were questionable e.g. tobacco companies. People give money exepecting it to be used for a good cause not to fund investments in other compnaies. I avoid donating to big charities now prefer to give money to local causes where i can see the money being used properly.