Another page in Nige’s “How to ensure I don’t get the top job that I never wanted because it would mean work rather than grift” book
One of them is going to do it. Reform, Labour or Tory, its going to happen. Just expect it and be done with it.
So they aren’t proposing getting rid of it entirely. Instead, they propose a £1k investment account for newborns that they later contribute to through earnings, with the state pension becoming a means-tested benefit for those who need it. Now, there aren’t any specifics on how all this will work in the article, such as at what point entitlement to the state pension would start, any tapering by income and how the value of it is determined, so it isn’t fully clear how they would implement it. The general idea of means testing it makes sense.
This could save money desperately needed to fund billionaire yachts and global conflicts.
Reform wants to turn Britain back into feudalism, with a ruling elite of inherited wealth presiding over starving serfs.
Let’s not pretend that everyone under 40 hasn’t already been under the impression for years that they’re not going to get a state pension no matter who’s in charge.
It makes sense, as State Pension IS a Ponzi scheme where most people take out far more than they pay in.
However exactly the same problem would befall an investment account/retirement pot, as most people wouldn’t pay in anywhere near enough and then would expect to be bailed out by the taxpayer so they can retire.
That will go down well with their geriatric voter base
Also scrapping all taxes that impact rich people more than poor. What a shock.
Wait….what? You mean their think tank has come up with a stooooopid idea! Nah never
So no retirement ever then? Voters really need to wake the fuck up and stop being manipulated by billionaires, corporate the media
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Another page in Nige’s “How to ensure I don’t get the top job that I never wanted because it would mean work rather than grift” book
One of them is going to do it. Reform, Labour or Tory, its going to happen. Just expect it and be done with it.
So they aren’t proposing getting rid of it entirely. Instead, they propose a £1k investment account for newborns that they later contribute to through earnings, with the state pension becoming a means-tested benefit for those who need it. Now, there aren’t any specifics on how all this will work in the article, such as at what point entitlement to the state pension would start, any tapering by income and how the value of it is determined, so it isn’t fully clear how they would implement it. The general idea of means testing it makes sense.
This could save money desperately needed to fund billionaire yachts and global conflicts.
Reform wants to turn Britain back into feudalism, with a ruling elite of inherited wealth presiding over starving serfs.
Let’s not pretend that everyone under 40 hasn’t already been under the impression for years that they’re not going to get a state pension no matter who’s in charge.
It makes sense, as State Pension IS a Ponzi scheme where most people take out far more than they pay in.
However exactly the same problem would befall an investment account/retirement pot, as most people wouldn’t pay in anywhere near enough and then would expect to be bailed out by the taxpayer so they can retire.
That will go down well with their geriatric voter base
Also scrapping all taxes that impact rich people more than poor. What a shock.
Wait….what? You mean their think tank has come up with a stooooopid idea! Nah never
So no retirement ever then? Voters really need to wake the fuck up and stop being manipulated by billionaires, corporate the media