Report J.m.keynes in House prices and the economy Posted November 30, 2012 They never had those savings in the first place. They should have been paid in tax to prevent us running up the debt. Now they are being taxed though inflation to help us pay it down. A couple of years is overdoing it a bit. You don't have to be too old to remember inflation running a lot higher than it is now. Many of these people worked from age 14 and lived very frugally for decades in order to pay into pensions and save for their retirement. Had they pissed everything up the wall we wouldn't be any better off in fact we would be even worse off. And once the state has stolen everything they have, the state will then have to borrow even more to support these people unless the plan is to leave them to starve or freeze to death.