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Current a level students won't get a pension till 77... Lets cut boomers pensions NOW

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Comments

  • BertieUK
    BertieUK Posts: 1,701 Forumite
    PaulF81 wrote: »
    Personally, I know of far more born in the 60s/70s who are into their recreational drug abuse than my generation. But then again thats personal experience. Fortunately, we dont have many drug/alcohol addled idiots in my game.

    I think in all fairness drugs have become more readily available to the 60s/70s than it was obviously when I was at school in the 40s for obvious reasons.

    It is a great shame that we did not see it coming, because drugs were being abused in a lot of countries before it arrived in any quantity in the UK.

    Years ago anything that was considered to be 'Black Market' was a commodity that was desired by many and fear by others.

    Look at the disgust when the book Lady Chatterley came on our shelves. How times have changed and where the h..l are we heading? :(
  • Why do the OP and his ilk post this kind of garbage time after time just to get demolished time after time ? Some sort of internet masochcists presumably.

    Please don't assume I was agreeing with OP, I was in fact referring to him always having a go at the pensioners who have every right to receive their pensions?. I don't agree with his greed at all.

    Apologies if I did not make myself clear.
    Mortgage: Aug 12 £114,984.74 - Jun 14 £94000.00 = Total Payments £20984.74

    Albert Einstein - “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”
  • BobQ
    BobQ Posts: 11,181 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    CLAPTON wrote: »
    'compulsory' contributions to pension is no different from paying tax; how does it differ?

    state pension is totally affordable and so it the funding them from current resources

    Not if they are in a personal pension, an extension to NEST, with higher contributions and a requirement that self employed have an equivalent scheme.

    The state pension's affordability will be better if more people are required to provide for themselves and the retirement age increases.
    Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    BobQ wrote: »
    Not if they are in a personal pension, an extension to NEST, with higher contributions and a requirement that self employed have an equivalent scheme.

    The state pension's affordability will be better if more people are required to provide for themselves and the retirement age increases.




    what is the difference e.g. you paying 3,000 in tax which includes a state pension entitlement and you
    paying 2,500 in tax and a compulsory 500 into a NEST or private pension?
  • kabayiri
    kabayiri Posts: 22,740 Forumite
    Part of the Furniture 10,000 Posts
    I don't remotely consider myself a Lefty in outlook, yet I firmly believe we have a duty to look after our elderly.

    That duty doesn't directly translate into pushing ever more financial resources their way.

    Encouraging families to support their elderly is good on many levels; providing pensioners with free public travel aids their mobility and independence. Changing our attitude to dealing with elderly people in the workplace means they can part fund their retirement and keep their brain active too.

    I don't think I'd relish spending 20+ years sat in a small flat/room, without heating, and with no television. That seems to be seriously what some are advocating.

    Respect for the elderly and the sick is the hallmark of a society.
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    kabayiri wrote: »
    I don't remotely consider myself a Lefty in outlook, yet I firmly believe we have a duty to look after our elderly.

    That duty doesn't directly translate into pushing ever more financial resources their way.

    Encouraging families to support their elderly is good on many levels; providing pensioners with free public travel aids their mobility and independence. Changing our attitude to dealing with elderly people in the workplace means they can part fund their retirement and keep their brain active too.

    I don't think I'd relish spending 20+ years sat in a small flat/room, without heating, and with no television. That seems to be seriously what some are advocating.

    Respect for the elderly and the sick is the hallmark of a society.

    Which is ironic really as as the proliferation of granny being shipped off to the old folks home as soon as she cant make the stairs was pretty much invented by baby boomers.

    Boomers outnumber the generation ahead of them by a considerable margin, yet the number of 'old' old people who are actually looked after by their children rather than strangers, as they looked after their parents, is vanishingly small.

    I presume this board will be full of posts about how selfish Gen X and Y are if they dont take on elderly boomer parents at home in the years to come.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    Which is ironic really as as the proliferation of granny being shipped off to the old folks home as soon as she cant make the stairs was pretty much invented by baby boomers.

    Boomers outnumber the generation ahead of them by a considerable margin, yet the number of 'old' old people who are actually looked after by their children rather than strangers, as they looked after their parents, is vanishingly small.

    I presume this board will be full of posts about how selfish Gen X and Y are if they dont take on elderly boomer parents at home in the years to come.


    the majority of old people don't go into care homes

    those that do generally only go into a home for a year or so

    but why should facts matter when you write your own truth
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    BertieUK wrote: »
    I think in all fairness drugs have become more readily available to the 60s/70s than it was obviously when I was at school in the 40s for obvious reasons.

    It is a great shame that we did not see it coming, because drugs were being abused in a lot of countries before it arrived in any quantity in the UK.

    Years ago anything that was considered to be 'Black Market' was a commodity that was desired by many and fear by others.

    Look at the disgust when the book Lady Chatterley came on our shelves. How times have changed and where the h..l are we heading? :(

    Interesting when the british were some of the first corporate drug dealers.



    By 1773, the British reached a landmark 1,000 chests of opium in Canton with China consuming 2,000 chests annually by 1799.[62





    In 1839 the refusal by Qing Dynasty authorities to import opium resulted in the First Opium War between China and Britain.

    http://en.wikipedia.org/wiki/Hong_Kong
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    PaulF81 wrote: »
    I already am as a higher rate tax payer in a private sector job. I don't see why I should pay for a state entitlement for someone else though the likes of which me and my generation will never see.

    And seeing the mess the [STRIKE]boomers[/STRIKE] successive governments have made of the economy, I don't exactly place much trust in pension returns...

    And what's going to stop a future labour or conservative governments and capitalist corporations raiding any prospective future pensions savings to pay for wacky [STRIKE]socialist [/STRIKE]agendas whilst maintaining entitlements and profits? I'm not a mug.

    Many of us have already done all of that and got the T shirt.

    You talk about about lies, half truths, deceit, jam tomorrow as though yours is the first generation to face it.

    You talk about personally being a half full person, lots of others are too and have already made their own provision, spreading the risk, not relying on the state because we know it can't be trusted any more than private enterprise can.

    It is nothing new just "your" turn.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    PaulF81 wrote: »
    Because non boomer pensions are being cut TODAY to pay for liabilities such as expensive NHS care and a doubling of the national state pension since the 40s. University tuition fees of 9,000 per year. cutting housing allowance for under 25s. cutting of libraries up and down the country. all being done to pay for the over entitled boomers.

    Axe winter fuel allowance for a start, Having a tv licence isnt a right so stop giving it pensioners for free. same with bus travel, youngsters have to go to work daily yet have to pay, so why shouldn't the free bus pass be means tested? Seeing as the state pension is a massive liability, a small reduction in it would lead to a huge impact in the deficit. As a bare minimum, if we are all in this together, the state pension should be frozen for 5 years and maximum age caps be issued for the most expensive care on the NHS.
    They also need to increase the state pension age much faster than they are proposing to do at the moment.


    Only then can the boomers claim, "we are all in this together".

    We don't have a defect purely as a result of pensions though do we.

    They are only part of the welfare bill.

    What we don't have is a wholly effective labour force, paying tax at fair levels.I don't mean penal levels, just paying it in greater volumes. We have tax being avoided by both personal and corporate entities on top of this.

    Winter fuel allowance was introduced to reflect the disproportionate cost of heating/energy relative to the index linking of pensions. It should have been added as pension and taxed if appropriate. TV licences are a no cost give away, because the BBC budget just isn't as big. In sales terms a no cost give away.

    Travel subsidies are a back hand way of keeping buses running for all in society. If people don't need to use them I am sure that would often prefer to pay and retain their own transport freedom by keeping their own car, paying the associated taxes. It is not obligatory to have a bus pass or to use it.

    Council tax benefits are not given out to all and sundry you have to prove you demonstrate need through means testing.

    Often pensioners live alone, often have the same overheads and have to cope on a lot less than the sums you suggest. If they choose, or have no choice but, to stay in a larger property they will be paying higher Council Tax.

    If they have an occupational pension odds on they will be paying tax.

    And of course the big benefit of collective insurance is that large parts of the population pay in and never draw out.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
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