Quote:
Originally Posted by papa smurf
Robbing turds  |
How exactly?
If you're thinking of wages element of the triple lock, then your argument, along with other peoples, is total nonsense.
The aim was to link to wages levels, the problem has arisen that it was based upon changes rather than actual levels.
To demonstrate the nonsense with a hypothetical example, wages halve for a period of 2 months and then return to the same levels. Why in that instance, should pensions rise? Wage levels are the same, so the intention of the triple lock is there should be no change connected with wages. Why should pensions double simply because of a quirk of basing it on changes, rather than actual levels.
---------- Post added at 13:08 ---------- Previous post was at 13:02 ----------
Perhaps people would prefer the CPI of 4.1% of Germany?