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Post by zanygame on Dec 20, 2022 22:29:58 GMT
fine. you said what you said, don't know why that bothers you. It doesn’t bother me but it seems to bother you . It shouldn't bother you. You voted leave and you did it to save the young from themselves. You should be proud of your altruism. |
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Post by Steve on Dec 20, 2022 23:05:14 GMT
Instead of baggy no returns read the post. It addresses your misrepresentation of state pensions and your idiocy of comparing them to scams . I did read your reply. Rather than answering yes or no to a fair question, you ran away like a scared rabbit and tried to divert by throwing questions. All because you know the true answer showed your previous posts to be crap. What a failure. |
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Post by Steve on Dec 20, 2022 23:08:39 GMT
It should have been set up with a plan to make it legitimately funded within 10 years. Instead government after government has gone down the route of increasing payouts to win elections by funding those through increased contributions from those working and increasing immigration to inflate the numbers of those contributing. How does one legitimately fund a state pension without any basic contribution from the state/wage earners? And why wouldn't there be a basic contribution from the state/wage earners? . . Same way private pensions are funded. The contributions are invested and when it comes to paying out time the returns from those investments fund the pensions. But of course that's awkward for governments with elections to win so from 1948 (and maybe before) they've got the Ponzi route. Problem is that requires an exponentially growing working age population and same to pay higher and higher contributions. |
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Post by Bentley on Dec 21, 2022 12:58:35 GMT
Instead of baggy no returns read the post. It addresses your misrepresentation of state pensions and your idiocy of comparing them to scams . I did read your reply. Rather than answering yes or no to a fair question, you ran away like a scared rabbit and tried to divert by throwing questions. All because you know the true answer showed your previous posts to be crap. What a failure. Have you stopped trolling . Yes or no? Any other answer but yes or no makes you into a tiny little scared mouse trying to divert the question away . See I can do that . 🐭 When are you going to answer my yes or no questions or are you just going to run away like a scared rabbit trying to divert by demanding that I answer first? See I can do that number 2 🐰 |
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Post by Bentley on Dec 21, 2022 13:01:59 GMT
It doesn’t bother me but it seems to bother you . It shouldn't bother you. You voted leave and you did it to save the young from themselves. You should be proud of your altruism. What altruism? I never framed my decision to vote leave as altruism . You need to make the decision into either a selfish one or one that moves from making a decision that the young doesn’t want or some kind of misappropriated altruism. You need to realise that the problem that exists inside your head is your problem, not mine. |
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Post by see2 on Dec 21, 2022 13:29:31 GMT
How does one legitimately fund a state pension without any basic contribution from the state/wage earners? And why wouldn't there be a basic contribution from the state/wage earners? . . Same way private pensions are funded. The contributions are invested and when it comes to paying out time the returns from those investments fund the pensions. But of course that's awkward for governments with elections to win so from 1948 (and maybe before) they've got the Ponzi route. Problem is that requires an exponentially growing working age population and same to pay higher and higher contributions. That deviates from the idea of a contribution made by everyone via some government funding. IMO, it puts the whole thing on the path to a two tier system that will be fine for the rich but leave many medium to low paid workers scrambling for the crumbs. |
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Post by Steve on Dec 21, 2022 13:59:15 GMT
A reminder of the question Bentley refuses to answer and is using all sorts of devices to try and obscure that refual Yes the pensions are the equivalent of a scam in your head Steve . We got that. You seemed to have found a larger shovel . Yes or no Are state pensions paid using the contributions of those still working instead of returns on the invested contributions of those now receiving? |
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Post by Steve on Dec 21, 2022 14:01:21 GMT
Same way private pensions are funded. The contributions are invested and when it comes to paying out time the returns from those investments fund the pensions. But of course that's awkward for governments with elections to win so from 1948 (and maybe before) they've got the Ponzi route. Problem is that requires an exponentially growing working age population and same to pay higher and higher contributions. That deviates from the idea of a contribution made by everyone via some government funding. IMO, it puts the whole thing on the path to a two tier system that will be fine for the rich but leave many medium to low paid workers scrambling for the crumbs. No because the principle of a collective investment resulting in pensions based substantially on need was embodied from the start. But the point is government after government has never maintained that pot properly. the payments out and contributions in are mostly based on a need to get re-elected. |
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Post by see2 on Dec 21, 2022 14:21:37 GMT
That deviates from the idea of a contribution made by everyone via some government funding. IMO, it puts the whole thing on the path to a two tier system that will be fine for the rich but leave many medium to low paid workers scrambling for the crumbs. No because the principle of a collective investment resulting in pensions based substantially on need was embodied from the start. But the point is government after government has never maintained that pot properly. the payments out and contributions in are mostly based on a need to get re-elected. Perhaps you are being a little too cynical, maybe governments have put more money into pensions when the economy and earnings were up but pensions had fallen behind. So now with the economy down some people are jealous of pensioners who were unable to afford a private pension being protected from the worst of the economy? |
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Post by Steve on Dec 21, 2022 15:17:04 GMT
No because the principle of a collective investment resulting in pensions based substantially on need was embodied from the start. But the point is government after government has never maintained that pot properly. the payments out and contributions in are mostly based on a need to get re-elected. Perhaps you are being a little too cynical, maybe governments have put more money into pensions when the economy and earnings were up but pensions had fallen behind. So now with the economy down some people are jealous of pensioners who were unable to afford a private pension being protected from the worst of the economy? It's basic good financial management to ring fence the contributions. The government through the FCA requires that of our financial institutions but somehow not of itself. |
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Post by zanygame on Dec 21, 2022 19:52:59 GMT
It shouldn't bother you. You voted leave and you did it to save the young from themselves. You should be proud of your altruism. What altruism? I never framed my decision to vote leave as altruism . You need to make the decision into either a selfish one or one that moves from making a decision that the young doesn’t want or some kind of misappropriated altruism. You need to realise that the problem that exists inside your head is your problem, not mine. Of course its altruism, don't be so modest. You voted for something that had little effect on you but was good for those young folk you saw struggling. |
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