Quote:
Originally Posted by pip08456
So would you take away the state pensions those people have paid into or make it mandatory that they must die at a certain age?
Since they started paying in the NHS and medical research have concentrated on extehding life. That comes at a cost. One of the costs is work for more years like it or not.
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Those aren't the sole options for resolving it.
I said 'wholesale reforms to redistribute wealth'- one or two measures wouldn't adequately resolve the problem.
We have one generation who sold off all the state assets for a low tax economy, who have accumulated wealth as a result and we have the other end of the spectrum paying for their own further education (unlikely to ever pay this debt off, so in effect an additional tax throughout their lifetime), struggling to get on the housing ladder, and who is having to pay taxes covering the interest for huge deficits and debts built up by previous generations.
It's not going to be sustainable to tell the second group that they are going to get punished again to cover the excesses of those who went before them.
A first step would be to break the triple lock on State Pension increases and link it to the CPI only - the triple lock is essentially a bribe to that part of the electorate anyway.