Quote:
Originally Posted by Pierre
Said people will most likely be tax payers who have contributed to the their state pension and most likely their own personal pension.
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Doesn't work that way, they were paying the pensions of then-retirees. This whole idea of contributions isn't the case. It entitles to the state pension, doesn't contribute to its funding.
Personal pensions are, amusingly, being funded via worse pension benefits and backfills from company bottom lines.
We youngsters have it so good yet we get to work longer for less generous pension benefits and subsidise overly generous private ones from the past to boot. Go figure.
---------- Post added at 16:28 ---------- Previous post was at 16:27 ----------
Quote:
Originally Posted by Traduk
You need to keep that intergenerational rage under control or you may be an early candidate for blood pressure medication 
I see my house as a consumer durable with which as I own I can do with as I please. The fact that it could easily accommodate a family in addition to my wife and myself is no more meaningful to me as the fact that the two cars we own could seat 10 (collectively) but neither often carry more than one or two. |
An excellent advertisement for land value tax, thank you.