Higher taxes and longer working lives

[Mich the Tester]

My system will impact yourself in stead of your children or in deen your neighbours children. That seems more fair. And health insurance could take care of payments into the accounts of people unable to work.

I passionately hate the idea of older generations partying for bowwoed money that their grandchildren have to pay back. But that is likely just me being old fashioned.

I think if my mum was sent to back to work the global chardonnay trade would be wiped out in one go.

[ThomasSoerensen]

You are still forgetting that there's no money to pay for those retired and about to retire in the public sector on final salary index linked pensions.

All the tax we pay is for these people. Nothing is left for us.

You can't make an omelette without breaking a few eggs.

Nobody pays for already retired people.

[Mich the Tester]

You can't make an omelette without breaking a few eggs.

Nobody pays for already retired people.

Yes you can. You make a hole in one end and leave them standing upside down until the insides all ooze out. The same technique could be used for bankers, politicians and Khaddafi; drill a little hole in their heads and hang them upside down.

[SueEllen]

You can't make an omelette without breaking a few eggs.

Nobody pays for already retired people.

We are currently paying for retired people in the UK who get a state pension. That's the problem with your scheme. The money we currently pay in NI pays for the current crop of pensioners' state pensions. (This is what Ignis Fatuus was pointing out.)

[Mich the Tester]

My mum retired a few years ago with;
- a state pension
- a private pension
- a final salary based education pension (one of the last). She was a university dean when she retired.

She now recieves more each month than she ever earned in her life. All the best to her, but there's something slightly inequitable about this.

[ThomasSoerensen]

We are currently paying for retired people in the UK who get a state pension. That's the problem with your scheme. The money we currently pay in NI pays for the current crop of pensioners' state pensions. (This is what Ignis Fatuus was pointing out.)

But that could stop tomorrow.
And then your payments could go to your personal account.

[darmstadt]

The trouble with 'longer working lives' is that many people who lose their jobs in their 40s or 50s struggle to ever find work again as many companies don't like hiring older workers. Age discrimination is real and it's going to cause big economic problems at this rate.

BMW in Germany are starting to (re)hire older workers as they find there are not enough skills in the younger generation and they're also helping them in the workplace by introducing certain measures such as rooms to have a lie down, magnifying glasses, easier to reach work places (i.e. tool racks) and the assembly line goes a bit slower. Apparently its a success and they're going to employ a few thousand more but only in German speaking countries...

[SueEllen]

But that could stop tomorrow.
And then your payments could go to your personal account.

That's not nice. We aren't in the Victorian era where we live old people to starve to death or go to the workhouse.

[DimPrawn]

That's not nice. We aren't in the Victorian era where we live old people to starve to death or go to the workhouse.

Not yet.

[Mich the Tester]

BMW in Germany are starting to (re)hire older workers as they find there are not enough skills in the younger generation and they're also helping them in the workplace by introducing certain measures such as rooms to have a lie down, magnifying glasses, easier to reach work places (i.e. tool racks) and the assembly line goes a bit slower. Apparently its a success and they're going to employ a few thousand more but only in German speaking countries...

The good old Rhineland model where quality counts for more than price.