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View Full Version : Scrap the triple lock on the state pension



PurpleGorilla
20th October 2015, 20:29
Says head of the Institute for Fiscal Studies.

Scrap triple lock that protects state pensions, says thinktank chief | Money | The Guardian (http://www.theguardian.com/money/2015/oct/20/pensions-state-scrap-triple-lock-protect-paul-johnson-ifs)

shaunbhoy
20th October 2015, 21:01
today’s pensioners have fared extraordinarily well relative to their predecessors

Yeah, shocking that. Many of them never even had to go through a World War, high time they were all penalised for their good fortune and fiscal prudence and made to set up home under bridges in order that the Facebook Generation can all afford houses without having to miss out on the latest iphone or having to forego their "gap year" adventuring.

:eyes

AtW
20th October 2015, 21:05
Tories will fook over existing pensioners last.

Before that happens they will throughly screw everybody else, including future pensions of those who will have the misfortune to retire soon.

PurpleGorilla
20th October 2015, 21:11
Yeah, shocking that. Many of them never even had to go through a World War, high time they were all penalised for their good fortune and fiscal prudence and made to set up home under bridges in order that the Facebook Generation can all afford houses without having to miss out on the latest iphone or having to forego their "gap year" adventuring.

:eyes

I think the key message is that working taxpayers pay is increasing at a slower rate than pension inflation. Is that right? Is it sustainable?

shaunbhoy
20th October 2015, 21:14
I think the key message is that working taxpayers pay is increasing at a slower rate than pension inflation. Is that right?

WGAS? The Boomers' pension rates are pretty much nailed down. If the working taxpayers pay rates only rise slowly then they will be compelled to hand over a larger percentage of their salaries to meet that sacrosanct commitment. Simples!

Suck it up............... :wink

PurpleGorilla
20th October 2015, 21:20
WGAS? The Boomers' pension rates are pretty much nailed down. If the working taxpayers pay rates only rise slowly then they will be compelled to hand over a larger percentage of their salaries to meet that sacrosanct commitment. Simples!

Suck it up............... :wink

A silly way to carry on.

http://www.ft.com/cms/s/0/b9e38bce-717d-11e5-ad6d-f4ed76f0900a.html#axzz3p94B81hI

SueEllen
20th October 2015, 23:39
WGAS? The Boomers' pension rates are pretty much nailed down. If the working taxpayers pay rates only rise slowly then they will be compelled to hand over a larger percentage of their salaries to meet that sacrosanct commitment. Simples!

Suck it up............... :wink

Massive problem - not enough workers paying tax. Plus those who do work don't earn enough to get a decent tax take from, both by direct and indirect taxes.

However much they try and steal from current workers demographics is against this Tory government and future British governments.

They will put up the state pension age and import people like Germans are doing with the Syrians (the UK is getting the wrong kind) but there still will not be enough highly paid taxpayers to service the pensions, NHS and social care of pensioners.

There are too many pensioners who are living too long

This was predicted in the 70's but all British governments have been too scared to do anything about it as pensioners vote....

PurpleGorilla
21st October 2015, 05:45
Massive problem - not enough workers paying tax. Plus those who do work don't earn enough to get a decent tax take from, both by direct and indirect taxes.

However much they try and steal from current workers demographics is against this Tory government and future British governments.

They will put up the state pension age and import people like Germans are doing with the Syrians (the UK is getting the wrong kind) but there still will not be enough highly paid taxpayers to service the pensions, NHS and social care of pensioners.

There are too many pensioners who are living too long

This was predicted in the 70's but all British governments have been too scared to do anything about it as pensioners vote....

Well said

BlasterBates
21st October 2015, 10:45
Cut pensions to enable the young generations to get their detached houses and fund their lavish exotic holidays.

It's only fair.

DodgyAgent
21st October 2015, 11:29
[B]There are too many pensioners who are living too long

..

I have a plan B :happy