Boomers Pension Gravy Train Finally To Be Derailed

bobbymotors

Beaten to it by Wild Rover...

[Deleted User]

bobbymotors wrote: »

Beaten to it by Wild Rover...

My apologies.

Feel free to take part, though. Can you imagine the Hell hole Rugged's workers' paradise would be? (Except for the "workers' " bit of course..... I am becoming increasingly suspicious that the concept of work may be not high on Rugged's list of priorities.) All endeavour, innovation and success frowned upon by the brothers? What happens when I want to leave my relatively modest wealth to my kids..... will Rugged's pals roll up to the funeral, frisk my pockets in case there's a fiver there, then march my kids back to the house and take 47% of it and its contents? :rotfl:

Paradise indeed.

Still waiting for the description of the means by which this Utopian nightmare is to be visited upon us.... wonder if Rugged will pledge himself to democratic means?

Think anyone will be able to drag that out of him?

Nah, I have my doubts too.......

Night night all!

WR

Cakeguts

ruggedtoast wrote: »

I see, well its all coming out now. A private pension, a state pension, a juicy (probably unfunded) public sector pension, savings, earnings on savings, dividend from shares and income from employment. And a bus pass, tv license, and winter fuel allowance on the way.

This is without even taking into account vast appreciation in housing wealth and probably a buy to let or two that you snatched from some poor young first time buyers and then made them rent from you at a 19% margin.

And yet you have the bald faced cheek to lecture the younger ones on "standing on their own two feet".

Yes, 47% my friend. On the lot. If you claim a state pension.

Bus passes are paid for by council tax and boomers don't get a discount on that. So you can forget those.

What makes you think that first time buyers can afford to buy all buy to let properties? Not all buy to let properties are of the kind that first time buyers can afford. In any case there are more mortgages taken out by first time buyers than there are by landlords. Don't confuse the fact that you can't afford to buy somewhere because you can't be bothered to move to work in a cheaper area of the country with no one can afford to buy. Enterprising people will always find something that they can afford even if they have to move to a completely different area of the country. It is the people who lack initiative who can't afford to buy.

seven-day-weekend

molerat wrote: »

I am thinking about 10 thirty-something couples I know from various areas of UK. 8 are buying their own homes - 3 on their 2nd step up the ladder and 2 also have BTLs, 2 live in rented - 1 private and 1 council. Only 3 went to uni, 2 of those live in rented. These are all "ordinary" working people, none privileged or from well off families. The bitter and twisted out there must obviously be doing something wrong.

Out of my son and his friends, and other 30-somethings I know,only two rent (one social housing, one private). Many of them didn't go to Uni, although one went to Sandhurst. One has a BTL flat and a private income.

westernpromise

ruggedtoast wrote: »

On top of that I recommend a 0% personal tax allowance for anyone who claims a state pension and earns one penny over and above It from any other means. All else of which should be taxed at 47%.

Why not just have all old filth older than you killed, and take all their stuff? You hate them so they deserve it. Just kill them all.

ruggedtoast

Wild_Rover wrote: »

My apologies.

Feel free to take part, though. Can you imagine the Hell hole Rugged's workers' paradise would be? (Except for the "workers' " bit of course..... I am becoming increasingly suspicious that the concept of work may be not high on Rugged's list of priorities.) All endeavour, innovation and success frowned upon by the brothers? What happens when I want to leave my relatively modest wealth to my kids..... will Rugged's pals roll up to the funeral, frisk my pockets in case there's a fiver there, then march my kids back to the house and take 47% of it and its contents? :rotfl:

Paradise indeed.

Still waiting for the description of the means by which this Utopian nightmare is to be visited upon us.... wonder if Rugged will pledge himself to democratic means?

Think anyone will be able to drag that out of him?

Nah, I have my doubts too.......

Night night all!

WR

Unfortunately you are somewhat at a tangent with the typical aspect of those you are trying to bond with here.

An ex public sector employee, who has "worked all his life", but says he is retired in his 50s, on a juicy, and in all probability completely unfunded, gold plated final salary pension.

As you well know, those younger than you on whatever department you have left will be on salary average pensions, still a lot better than people outside government will be receiving. In any case, news out this week indicates that those in their 20s now better not expect to retire until their 70th birthday.

I guess we know now how we are going to cover the £171 billion expense of boomer state pensions (not including public sector benefits) - Millennials are just going to have to work until they die and never claim one themselves.

Still waiting for a rationale from you as to why they should do this.

ruggedtoast

bobbymotors wrote: »

Sounds like a vote winner to me...

Good god, you really are an idiot.

What you fail to realise, every single time, is that people generally want and work for their children and grand children to have a better standard of living than they themselves have.

It's called ambition and aspiration. People WANT to get on in life by working hard, making a few quid, buying a home, contributing to a pension, having a decent car, etc.

Your proposals would prevent all of these things. There is no point working hard and bettering yourself and in turn your family if you are taxed to the hilt and if there is no benefit in bettering yourself as time goes by.

So no one except you, the unemployed, and recipients of high benefits will ever vote for this claptrap.

But by all means carry on dreaming that they will...we all have our dreams and aspirations...it's pity yours seem to be to drag everyone down to the same socialist level no matter their ability or talents.

Boomers may have on some level wanted all these things, but when it came down to providing them what they came up with was a housing crisis to support their own retirement incomes, a £3 trillion national deb,t and a generational wealth differential that would only be compensated for if the average millennial manages to remain in employment until they are in their 90s.

As time marches on there will be more and more people claiming generous state benefits (which is what pensions are) funded by working people who won't get them themselves.

You can get as cross as you like at me but outside the bubble of this forum it might behove you think about what you are going to say to everyone else.

TrickyTree83

ruggedtoast wrote: »

Boomers may have on some level wanted all these things, but when it came down to providing them what they came up with was a housing crisis to support their own retirement incomes, a £3 trillion national deb,t and a generational wealth differential that would only be compensated for if the average millennial manages to remain in employment until they are in their 90s.

As time marches on there will be more and more people claiming generous state benefits (which is what pensions are) funded by working people who won't get them themselves.

You can get as cross as you like at me but outside the bubble of this forum it might behove you think about what you are going to say to everyone else.

So why are you not advocating for a free market economy with no welfare state? Instead of rallying around comrade Corbyn's communist dream?

ukcarper

ruggedtoast wrote: »

Unfortunately you are somewhat at a tangent with the typical aspect of those you are trying to bond with here.

An ex public sector employee, who has "worked all his life", but says he is retired in his 50s, on a juicy, and in all probability completely unfunded, gold plated final salary pension.

As you well know, those younger than you on whatever department you have left will be on salary average pensions, still a lot better than people outside government will be receiving. In any case, news out this week indicates that those in their 20s now better not expect to retire until their 70th birthday.

I guess we know now how we are going to cover the £171 billion expense of boomer state pensions (not including public sector benefits) - Millennials are just going to have to work until they die and never claim one themselves.

Still waiting for a rationale from you as to why they should do this.

If they go into further education and work til their 70 they will still be working the same or a year less than most boomers.

CLAPTON

ruggedtoast wrote: »

Unfortunately you are somewhat at a tangent with the typical aspect of those you are trying to bond with here.

An ex public sector employee, who has "worked all his life", but says he is retired in his 50s, on a juicy, and in all probability completely unfunded, gold plated final salary pension.

As you well know, those younger than you on whatever department you have left will be on salary average pensions, still a lot better than people outside government will be receiving. In any case, news out this week indicates that those in their 20s now better not expect to retire until their 70th birthday.

I guess we know now how we are going to cover the £171 billion expense of boomer state pensions (not including public sector benefits) - Millennials are just going to have to work until they die and never claim one themselves.

Still waiting for a rationale from you as to why they should do this.

I certainly agree with you that no government employee should get a better pension deal than that available to the general public.

Probably best if we get rid of most public sector jobs anyway and move them into the private sector and gain the benefit of lower costs generally, better efficiency and lower pension costs for the taxpayer.

it could be worse of course, one could be unlucky enough to work the socialist paradise of Cuba and earn about £15 per month