Solution to pension crisis

[AtW]

NHS

It costs to much to begin with and then there are compensation claims on top.

Increasing retirement age as well as rate of inflation other than the one used to calculation pension indexing is their preferred solution.

[Robinho]

The solution is to privatise pensions.

It's incredibly simple.

[AtW]

The solution is to privatise pensions.

It's incredibly simple.

[Robinho]

What?

[AtW]

What?

When you get banned it will be for your utter stupidity.

[Robinho]

If it's so stupid it should be easy for you to explain why.

[alreadypacked]

The solution is to privatise pensions.

It's incredibly simple.

There are several problems that have led to the pension crisis, many of which have not been solved.

• Current contributions are used to pay current pension. Very little is invested for the future.
• Future pensions will have to be paid from contributions from a smaller number of workers, ageing population.
• Pensioners are living longer, more people are collecting pensions and require pension for longer.

None of these issues could be fixed by privatise pensions, they will require changes by government.

What changes would you make?

[Robinho]

It doesn't solve the current crisis but it should prevent future ones.

To solve the current crisis we could simply murder anyone over the age of 60.

[Robinho]

Of course we could privatise new pensions, but keep the tax rate the same for these people so they pay off the old lot.

Indeed it will meant young people will have to pay twice. But there's not really any solution to the problem. We have overspent, and now we will have to underspend. It's the conservation of energy laws.

[BrilloPad]

We have overspent, and now we will have to underspend

How about printing more money?

Actually its already happening.....