Here comes the tax rises

[jfman]

Originally Posted by mrmistoffelees

Things generally cost less as well you know, money went further. And you didn’t need a spanking deposit to purchase a house. There was also significantly more social housing available at affordable rents than there is now

Even adjusted for inflation they earned less, and I’d wager there were more one income households. I find the contention that the “average” person could or should have prepared for pension age - when successive governments gave no indication of pension reform - ludicrous.

The housing bubble is the fault of politicians. Not manual workers of the 1970s earning the princely sum of £70 a week.

[Pierre]

Originally Posted by mrmistoffelees

The average wage in 1977 for manual worker per week was £70
Adjusting for inflation today would equate to approx £399

The average weekly wage now is £ 453.30

Now compare house valuations/prices vs salary etc

You generally got a lot more for your money in the 70s and if people were stupid enough to spunk it up a wall rather than plan for their future. Well,tough ?

Furthermore (and with zero evidence whatsoever) I’m betting that those twisting on about this are the same people who say that all youngsters need to do to buy a house is to cut down on Starbucks/avacado on toast/Netflix etc

In the 70’s most households were single earning.

That means that around, ok a bit less, 50% of the population (women) did not work full time, or earn enough to pay into a pension ……..that’s a fact.

In the 70’s socialist utopia, private pensions just were not a thing.

---------- Post added at 22:08 ---------- Previous post was at 22:05 ----------

Originally Posted by mrmistoffelees

Ah good old pierre using the edge/extreme case and attempting to make it the norm.

I do love how you suddenly care about pensioners, makes a change from the sociopathic persona in which you revel in presenting usually

“Edge extreme” then call me “Sociopathic”. …….do you hear yourself when you think?

[mrmistoffelees]

Originally Posted by Pierre

In the 70’s most households were single earning.

That means that around, ok a bit less, 50% of the population (women) did not work full time, or earn enough to pay into a pension ……..that’s a fact.

In the 70’s socialist utopia, private pensions just were not a thing.

---------- Post added at 22:08 ---------- Previous post was at 22:05 ----------



“Edge extreme” then call me “Sociopathic”. …….do you hear yourself when you think?

Always, you should try it once in a while.

[Pierre]

Originally Posted by Mr K

I don't hate anyone mate. The young of today aren't going to get a fraction of the benefits current pensioners get,

So should withhold payments……..that was your advice?

yet they are expected to fund current pensioners. That's not fair.

If that “young” grew up in a family on benefits, isn’t it likely that future and potentially current pensioners were net contributors to those payments?

Ideally we'd support everybody, but we can't because the last Govt has left us with a massive black hole of debt.

David Cameron 2010

Early days but I think this Govt have done a good job so far.

4 weeks ….strap yourself in.

[mrmistoffelees]

Originally Posted by jfman

Even adjusted for inflation they earned less, and I’d wager there were more one income households. I find the contention that the “average” person could or should have prepared for pension age - when successive governments gave no indication of pension reform - ludicrous.

The housing bubble is the fault of politicians. Not manual workers of the 1970s earning the princely sum of £70 a week.

You call it it ludicrous I call it common sense. Personally I don’t believe status quo exists for long in anything.

Here’s the thing

Pensioners aren’t untouchable, they’re not beyond the bounds of needing to make a contribution towards todays society, they haven’t earned an exemption.

[Pierre]

Originally Posted by mrmistoffelees

Always, you should try it once in a while.

Always. I await your response to the points made, without the ad hominem attack.

[jfman]

Originally Posted by mrmistoffelees

You call it it ludicrous I call it common sense. Personally I don’t believe status quo exists for long in anything.

Here’s the thing

Pensioners aren’t untouchable, they’re not beyond the bounds of needing to make a contribution towards todays society, they haven’t earned an exemption.

If the Government of 2064 called a 99.9% asset tax, seized your home, etc. would you feel the same? Or would it feel like a rug pull? After all the status quo doesn’t last.

I agree pensioners aren’t untouchable - the triple lock has been little more than a bribe masquerading as a good idea for over a decade - however the social contract on which the entire welfare state depends upon must be transparent and honest with people or you might as well bin the lot. Hyperprivatise everything and let me know if the workers of 2064 are better or worse off.

[Pierre]

Originally Posted by mrmistoffelees

Pensioners aren’t untouchable, they’re not beyond the bounds of needing to make a contribution towards todays society, they haven’t earned an exemption.

Well there will be many that have made more than a contribution than you have, or ever will. That have made more of a contribution towards todays society than you have..or ever will.

You’re happy leeching off them?

[mrmistoffelees]

Originally Posted by Pierre

Always. I await your response to the points made, without the ad hominem attack.

Aaaw bless do you want to point on the teddy where you were hurt?

Simple fact, money went further in the 70’s and some if not a significant amount of people had more of an opportunity to save than people do today if they didn’t then now they have to cutback

My first full time job in 1996 ish paid £7.5k a year, I gave £150 a month board and lodge put away £150 a month, and still had enough for everything else.

Priorities and not making assumptions

[jfman]

Originally Posted by mrmistoffelees

My first full time job in 1996 ish paid £7.5k a year, I gave £150 a month board and lodge put away £150 a month, and still had enough for everything else.

And of that £7.5k how much did you pay into a voluntary pension scheme? By that, I mean one you proactively sought out (and not for example an employer one you theoretically could have opted out of but nobody does for obvious reasons).

Originally Posted by Pierre

You seem to forget in my post that being contrary, I was advocating for the NHS, and was opposing Mr K’s assertion to not pay for pensions because the elderly don’t deserve it.

But you’re so excited to jump on me, I’m glad I can give you that little thrill and excitement. I’m paying back to our senior community.

You appear to be confusing "jumping on you" with pointing out incorrect statements…

You do you…

[mrmistoffelees]

Originally Posted by jfman

And of that £7.5k how much did you pay into a voluntary pension scheme? By that, I mean one you proactively sought out (and not for example an employer one you theoretically could have opted out of but nobody does for obvious reasons).

In that job 0, I THINK my first private pension scheme was about 2 yrs later. I had the benefit of a very financially switched on grandmother who made sure I saved and invested from a relatively early age.

---------- Post added at 22:53 ---------- Previous post was at 22:52 ----------

Originally Posted by Pierre

Well there will be many that have made more than a contribution than you have, or ever will. That have made more of a contribution towards todays society than you have..or ever will.

You’re happy leeching off them?

I don’t believe I’m leeching off anyone, are you happy to be leeching off them ?

[Pierre]

Originally Posted by mrmistoffelees

Aaaw bless do you want to point on the teddy where you were hurt?

do you have one ?

Simple fact, money went further in the 70’s

Did it? For who? You have some graphs and spreadsheets for this revelation?

and some if not a significant amount of people had more of an opportunity to save than people do today if they didn’t then now they have to cutback

Really???

So your parents generation were better off financially than yours? That is just historically incorrect.

My first full time job in 1996 ish paid £7.5k a year, I gave £150 a month board and lodge put away £150 a month

So you were living at home, no one, ever that left home and lived in a private flat/ shared house has ever used the term “ board & lodge”

Because I had my first time job in 1990, which was £5,500 pa, and I paid £130 rent…..not “board and lodge” ……rent.

My landlord never “lodged” me…

Board and lodge, ff’ ing hysterical, Mum still wash your underpants for you.

Well done for capitalising off your parents.

---------- Post added at 23:20 ---------- Previous post was at 23:17 ----------

Originally Posted by Hugh

You appear to be confusing "jumping on you" with pointing out incorrect statements…

You don’t even know what you were correcting.

Good night grandpa.

[jfman]

Originally Posted by mrmistoffelees

In that job 0, I THINK my first private pension scheme was about 2 yrs later. I had the benefit of a very financially switched on grandmother who made sure I saved and invested from a relatively early age.

I rest my case. The state cannot, and should not, set minimum standards for pensions based on who did (and who didn’t) have astute grandparents with crystal balls.

Originally Posted by Pierre

do you have one ?



Did it? For who? You have some graphs and spreadsheets for this revelation?



Really???

So your parents generation were better off financially than yours? That is just historically incorrect.


So you were living at home, no one, ever that left home and lived in a private flat/ shared house has ever used the term “ board & lodge”

Because I had my first time job in 1990, which was £5,500 pa, and I paid £130 rent…..not “board and lodge” ……rent.

My landlord never “lodged” me…

Board and lodge, ff’ ing hysterical, Mum still wash your underpants for you.

Well done for capitalising off your parents.

---------- Post added at 23:20 ---------- Previous post was at 23:17 ----------



You don’t even know what you were correcting.

Good night grandpa.

Grandad, actually.

Correct nomenclature is important…

Good night, sprog.