Lt Kije Posted October 6, 2010 Report Share Posted October 6, 2010 Obs To answer you, What generation were thowing the money about Quote Link to comment Share on other sites More sharing options...
silverlady54 Posted October 6, 2010 Report Share Posted October 6, 2010 I don't think you can blame a whole generation for anything! There will always be some in each generation who will be profligate wih their money but equally (a majority?) who are careful. I was certainly not brought up to spend what I couldn't afford and neither were most of my friends and neighbours. It is the greedy ones who end up with problems. If people have worked all their lives and now have a pension, which is taxable, that is not something they can or should be made to feel guilty about. Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted October 6, 2010 Report Share Posted October 6, 2010 The trouble is Silver Lady, I am still working and it is my generation that are going to have to pay for past mistakes Quote Link to comment Share on other sites More sharing options...
Bazj Posted October 6, 2010 Report Share Posted October 6, 2010 But Kije.... you are still working because I believe you are only in your forties? Plus, look on the bright side, if you can persuade your dad to invest the money he gets from downsizing, you'll have a nice inheritance to look forward to! Quote Link to comment Share on other sites More sharing options...
observer Posted October 6, 2010 Author Report Share Posted October 6, 2010 OR, they could tax his Dad on his windfall profit - ( for the common good) - and leave Kije without a legacy!!!! Quote Link to comment Share on other sites More sharing options...
silverlady54 Posted October 7, 2010 Report Share Posted October 7, 2010 Kije, I am still working, but a decade older than you, and I don't resent anyone who receives a pension. They've (mostly) done their bit and they deserve their retirement. I'm happy to pay in towards their pensions, after all, they are the ones who paid their taxes for others to be educated etc. Quote Link to comment Share on other sites More sharing options...
observer Posted October 7, 2010 Author Report Share Posted October 7, 2010 Correct Silv; but Kije id p**d off cos he's going to have to work longer for a smaller pension. Quote Link to comment Share on other sites More sharing options...
silverlady54 Posted October 7, 2010 Report Share Posted October 7, 2010 Perhaps he should remember that many of those now receiving pensions worked from the age of 14 to 65, far longer than he will have to work, and some will only receive a state pension. Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted October 7, 2010 Report Share Posted October 7, 2010 and I don't resent anyone who receives a pension. Neither do I As you say you are happy to pay towards there pensions fair enough, but there are not enough people behind me to pay for mine, as they will still be paying for those of your generation that are still alive, as people are living longer Your solution is Quote Link to comment Share on other sites More sharing options...
Dizzy Posted October 7, 2010 Report Share Posted October 7, 2010 Old people start killing of us 'youngsters' to make sure they keep thrir pensions Quote Link to comment Share on other sites More sharing options...
Peter T Posted October 7, 2010 Report Share Posted October 7, 2010 Old people start killing of us 'youngsters' to make sure they keep thrir pensions I'll have a bit of that. Quote Link to comment Share on other sites More sharing options...
Dizzy Posted October 7, 2010 Report Share Posted October 7, 2010 Awww we'd miss you Peter if Obs killed you off Quote Link to comment Share on other sites More sharing options...
observer Posted October 7, 2010 Author Report Share Posted October 7, 2010 Hang on Kije: wern't you arguing in favour of more immigration on the basis that immigrants are generally younger and more fertile, thus providing (assuming they have jobs!) more tax-payers to support you in your dotage! Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted October 8, 2010 Report Share Posted October 8, 2010 Thats why we need immigrants Obs, To keep me in the manor I have become accustomed Quote Link to comment Share on other sites More sharing options...
silverlady54 Posted October 8, 2010 Report Share Posted October 8, 2010 There is a plan to make all employers pay into a pension scheme for their workers, starting around 2012 for big companies and rolling out over the next few years to everyone. If that happens, there will be less reliance on the state and workers will build up a separate pension for themselves, if that option isn't now available or affordable through work. I thinks this may be a good thing for everyone, but as always, we'll have to wait and see. Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted October 8, 2010 Report Share Posted October 8, 2010 I heard they were going to shelve the plan because of cost. Quote Link to comment Share on other sites More sharing options...
observer Posted October 8, 2010 Author Report Share Posted October 8, 2010 The schemes that have been introduced into the private sector are frankly pathetic; and take up has been low - in other words, folk arn't making private arrangements for pension provision, and will presumably be relying on a meagre State pension or asset aquisition for their (now brief) retirement. Even worse, these schemes are reliant on the performance of the stock exchange, and you will recall recent cases of such private schemes going bust. Any examination of private pension schemes will show the high levels of investment necessary, and the longer periods of time required to get even a mediocre pension. Public Sector pension schemes rely on those in work, paying for those that have left, with a top up from the employer (taxpayer): problem is the tax payer's liability has increased over the years, cos folk are living, thus claiming, longer; resulting in a pensions black hole; which will require increased employee contributions for a longer period. Clearly, we've sleep walked into quite a mess. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.