Time To Take Some Back

[GBdamo]

Government spending has got to be brought back in line with GDP or we condemn every future generation to an ever decreasing downward spiral of living standard as the nations finances are overwhelmed by the near exponential amount of interest owed.

Wage inflation has been curtailed by the underhand manipulation of RPI/CPI. People have been blindsided by the head rush of cheap “stuff” from Chindia, sitting idly by while their net worth has been eroded from under their feet while, bizarrely, falling for the illusionary increase in perceived property wealth. Yet the real cost of living, the essentials, has been rising at5-10% per annum for the last five years, throw in housing costs and that number could increase further.

Pensions, whether private or public, are placing an unbearable load on western society. With the percentage of the population in retirement growing year on year we are left with some very difficult choices. Not only are we talking about pensions but, as these pensioners get older the cost to the NHS increases significantly. These are the first of the post war generation and society may well hold it’s anger long enough for them to enjoy the rest of their retirement.

Looking at jobs I have done in the past some are paying no more today than 10 years ago, whilst incumbent salaries may have raised slightly, new starter salaries seem to have remained static, especially in the low skilled manufacturing jobs. The cost of operating in this country has been driven to the absolute minimum, to the point where the natives are no longer prepared to work for the little reward offered, resulting in the mass immigration seen.

Conversely executive pay and benefit have gone to the moon; the price of buying a man’s conscience has not been eroded, strange that. The ability to believe his own lies is now the CEO’s most prized ability. These men have put British society on an helter-skelter and are racing it to the bottom in a macabre death spiral, seeing who can pick enough off the rotting bones to keep the shareholders and/pension funds happy for another year. These people are surely not stupid, they are not blind, they know – must know that their policies have no long term future other than bringing the UK standard of living on to a par with the emerging economies. Long before that happens there will be no market for their goods. These people are the last of the generation whose name shall not be said for fear of offending their sensitive sides, the side that kisses the grandchild whose future they have financially raped to fill their own coffers.

Do we have any hope that the politicians of today and tomorrow will look to redress this imbalance?

Are the current rumblings about allowing pensions to be linked to CPI the first step towards taking some back?

The only way to sort this mess out is to levy a wind fall tax on the generation that is holding this country’s wealth in their gnarled fingers. They need to see what the real standard of living in this country is, they need to see some of the inner city areas first hand, the one bed slave boxes they have created should be their retirement home not some four bedroom cottage in the Cotswolds.

[Injin]

Do we have any hope that the politicians of today and tomorrow will look to redress this imbalance?

No, none.

They'll keep stealing and talking shit until the lot collapses.

[General Congreve]

Sorry, what were you saying? I was trying to follow the discussion but got distracted by both of your junk twitching avatars

[General Congreve]

The only way to sort this mess out is to levy a wind fall tax on the generation that is holding this country’s wealth in their gnarled fingers. They need to see what the real standard of living in this country is, they need to see some of the inner city areas first hand, the one bed slave boxes they have created should be their retirement home not some four bedroom cottage in the Cotswolds.

It's too late the damage is done, as a country we are on a downward trajectory we cannot hope to recover from, we will get poorer and have to build back up from the bottom if we can.

However, there's no need to be so negative, the windfall tax you speak of has already been implemented by the market, so grab yourself a piece of the action and buy some gold. Then at least you'll be able to afford some champagne to sip as you watch the country burn.

[scottbeard]

Pensions, whether private or public, are placing an unbearable load on western society.

Shaving a bit off the wealth of people who have accrued huge final salary pensions is an inevitable start, and whilst "unfair" at one level is arguably fairer than the older generation getting riches whilst the young get rags.

[GBdamo]

Shaving a bit off the wealth of people who have accrued huge final salary pensions is an inevitable start, and whilst "unfair" at one level is arguably fairer than the older generation getting riches whilst the young get rags.

What's in any way unfair? One generation promises themselves that the next generation will pay for their reirement. Said generation says ****** you and pay for yourselves.

[AThirdWay]

It's too late the damage is done, as a country we are on a downward trajectory we cannot hope to recover from, we will get poorer and have to build back up from the bottom if we can.

However, there's no need to be so negative, the windfall tax you speak of has already been implemented by the market, so grab yourself a piece of the action and buy some gold. Then at least you'll be able to afford some champagne to sip as you watch the country burn.

Don't kid yourself. If we go down, we'll take most of the world with us. All your gold will be useful for is weighting yourself down when you jump off the pier

Trade it in now, beans 'n' guns my friend!

[GBdamo]

Don't kid yourself. If we go down, we'll take most of the world with us. All your gold will be useful for is weighting yourself down when you jump off the pier

Trade it in now, beans 'n' guns my friend!

The only thing more moronic than buying gold, especially if you believe the worlds going mad max, is buying shite like Bullionvault.

[campervanman]

Are the current rumblings about allowing pensions to be linked to CPI the first step towards taking some back?

The only way to sort this mess out is to levy a wind fall tax on the generation that is holding this country’s wealth in their gnarled fingers. They need to see what the real standard of living in this country is, they need to see some of the inner city areas first hand, the one bed slave boxes they have created should be their retirement home not some four bedroom cottage in the Cotswolds.

We never lived in inner cities in one bed slave boxes, at least the 5% of us that now live in the 4 bed cotswold cottages didn't. Why do you think that people after a lengthy working life should live in a one bed slavebox? I lived in a one bed slavebox 40 years ago as did my parents when they were in their 20's. Your stereotype of people of a certain age living out their retirement in 4 bed cottages in the Cotswolds is as about as valid as stereotyping everyone of Kirsty and Phils age (about 40) as being greedy property speculating scum or branding every 20 something as a spiv city trader who has more than contributed to the causes of financial collapse than any property owning Boomer ever could. In other words your posting is age dicriminatory ****** which if directed at any group of people on the basis of race, sexuality or religion would have you banged up. As for 'taking some back' youv'e earned fk all to take back, or do you think you are 'entitled' to stuff for the rest of your life by virtue of existing.

[campervanman]

What's in any way unfair? One generation promises themselves that the next generation will pay for their reirement. Said generation says ****** you and pay for yourselves.

You aee the first generation for over 100 hyears to takr this view. Are you proud of your selfishness? As Thatchers children, you probably are.

[Injin]

You aee the first generation for over 100 hyears to takr this view. Are you proud of your selfishness? As Thatchers children, you probably are.

You aren't owed anything.

[Si1]

You aee the first generation for over 100 hyears to takr this view. Are you proud of your selfishness? As Thatchers children, you probably are.

the state pension came in in the 1920s, and represented a short period of retirement of a few years, as the life expectancy was only just over 60

so you are categorically wrong in every way

[GBdamo]

We never lived in inner cities in one bed slave boxes, at least the 5% of us that now live in the 4 bed cotswold cottages didn't.

No, nobody has, well not since the turn of the last century. Why should young couples today? and why should they pay £150K+ for the pleasure?

Why do you think that people after a lengthy working life should live in a one bed slavebox? I lived in a one bed slavebox 40 years ago as did my parents when they were in their 20's.

then............

We never lived in inner cities in one bed slave boxes, at least the 5% of us that now live in the 4 bed cotswold cottages didn't.

Your stereotype of people of a certain age living out their retirement in 4 bed cottages in the Cotswolds is as about as valid as stereotyping everyone of Kirsty and Phils age (about 40) as being greedy property speculating scum or branding every 20 something as a spiv city trader who has more than contributed to the causes of financial collapse than any property owning Boomer ever could.

The problem you have with dismissing my thoughts as stereotypical is that all stereotypes are in fact base on just that, fact. Otherwise they would never have come to be in the first place.

In other words your posting is age dicriminatory ****** which if directed at any group of people on the basis of race, sexuality or religion would have you banged up.

Hark at her, the poor little victim. You not a race, religion, gender, disability group or sexuality. You're a money grabbing, air thieving coffin dodger.

As for 'taking some back' you've earned f**k all to take back, or do you think you are 'entitled' to stuff for the rest of your life by virtue of existing.

By the time your living expenses have been deducted, you're quite right I do earn ****** all. Thanks.

oh, and enjoy.

Edited September 30, 2010 by GBdamo

[GBdamo]

You aee the first generation for over 100 hyears to takr this view. Are you proud of your selfishness? As Thatchers children, you probably are.

What's the English version of that?

[GBdamo]

You aee the first generation for over 100 hyears to takr this view. Are you proud of your selfishness? As Thatchers children, you probably are.

Actually, I’ve not finished with you yet.

Generationally, you have not earned what you have. You have sold every asset this country had, you have borrowed every penny this country can, you have resorted to mass immigration and you have driven wages so low that a large portion of society will not work for them. Not only have you stolen money from the next generation you have stolen their hope.Then you have the cheek to label them as lazy and feckless. :angry:

What you have, you have but don’t have the cheek to tell me you earned it. You may have worked all your life, so will many of my generation and I can guarantee we will not have the luxuries you have enjoyed.

Your generation hold all the cards; you can make all the difference. All you need to do is lower you downsizing expectations. If you knocked £50K of your £300K+ houses by the time that reached the bottom rung houses would be affordable, without destroying the economy, so you have to forego one of the Nile cruises or not go to the Caribbean for winter, diddums.

[scottbeard]

the state pension came in in the 1920s, and represented a short period of retirement of a few years, as the life expectancy was only just over 60

Actually

The basic state pension, then known as the "Old Age Pension" was introduced in the United Kingdom (including Ireland) in January 1909. A pension of 5 shillings per week (25p, equivalent to £19 in present day terms[2]), or 7s.6d per week (equivalent to £29 today) for a married couple, was payable to a person with an income below £21 per annum (equivalent to £1600 today), following the passage of the Old Age Pensions Act 1908. The qualifying age was 70, and the pensions were subject to a means test.

http://en.wikipedia.org/wiki/Uk_state_pension

[GBdamo]

Actually

http://en.wikipedia....k_state_pension

A Century of Change: Page 8

The life expectancy of new born children in 1999 is 75 years for

boys and 80 years for girls. In 1901 baby boys were expected to

live for 45 years and girls 49 years.

So not many takers then.

[erranta]

The only thing more moronic than buying gold, especially if you believe the worlds going mad max, is buying shite like Bullionvault.

Is that the LTD company that sends you paper 'promisories' that you have bought yellow stuff but they don't actually have any - just the one shiny, plated fake one in the front 'display' window?

[GBdamo]

Is that the LTD company that sends you paper 'promisories' that you have bought yellow stuff but they don't actually have any - just the one shiny, plated fake one in the front 'display' window?

I'm gonna regret this but, yes I think so. But it is all audited

[scottbeard]

So not many takers then.

It's a rather macabre subject, but actually the number of takers from the adult population would still have been quite a lot, even if far less than today.

In pension terms, having four children, two of whom die in infancy, or having two children, both of whom survive to old age produces the same result - two pensioners.

The difference is more how long people are living now once they've retired.

[GBdamo]

It's a rather macabre subject, but actually the number of takers from the adult population would still have been quite a lot, even if far less than today.

In pension terms, having four children, two of whom die in infancy, or having two children, both of whom survive to old age produces the same result - two pensioners.

The difference is more how long people are living now once they've retired.

Without spending hours on this, the portion of society that claimed a pension 100 years ago must have been trifflingly small?

When:-

The age of retirement was 70.

The pension was means tested.

The agerage mortality age was 45 male/49Female.

Surely the only people who reached that age had lived a very privaliged life and would/should have failed the means test.

Edited September 30, 2010 by GBdamo

[miko]

It's not just a case of looking at how much pension people got in years gone by and how much they get now , and for how long.

You also need to look at what taxes people have paid in to the system during their working life and compare what was paid then and what people taking their pesions now and in the future have paid. People drawing their pension's now would have paid far more in than those in 1909. Just look at the amount of tax's we have now that were not there in 1909, the list is endless.

Enough money has been paid in by the people demanding their pensions , however it was not set aside or invested it was spent by govenments down the decades and it is those govenments that are to blame for now having no alternative but to dump the debt on the next generations . The pensioners demanding their pensions are not to blame .

[Tiger Woods?]

I'm gonna regret this but, yes I think so. But it is all audited

Care to prove that...or provide any evidence whatsoever? I'd be interested either way.