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magictorch

Work Till You Are 67

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BBC work till you drop

Right boys and girls. Taxes are going up. Inflation is on the rise and guess what you now have to work till you die.

I am beginning to think of opting out and enjoying the sunshine whilst i still can.

Can i please opt out of the welfare state and care for myself with my own money?? That way i know i wont squander it on drunken idiots who have no idea what they are doing and headbut a shop windows whilst out on a binge drinking session in our new 24hr pubs. WTF is going on!

Edited by magictorch

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It's only 2 years and nobody is stopping you retiring earlier, you just won't get the state pension until your are 67. The idea that you have to contribute to a National savings plan seems a good idea. At the moment millions of people are making no plans to their pension which can't be good for society. If these leaks are true then there's some good ideas there.

Edited by Too expensive to trade up

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BBC work till you drop

Right boys and girls. Taxes are going up. Inflation is on the rise and guess what you now have to work till you die.

Can i please opt out of the welfare state and care for myself with my own money?? That way i know i wont squander it

This is why I am completely at odds with socialists. I have had to make many sacrifices to get myself into a position where I can achieve financial independance. Its been a hard slogg and it wont end for some years.

I could squander my hard earned money but instead I make sacrifices by investing a good proportion, so I have the additional worry of not knowing whether the investments will work - out.

All this sacrifice so that my family will not have to rely on others, yet at the same time millions of irresponsible people choose not to work hard and make sacrifice and then to top it all they want me and my kids to subsidise thier lifestyle and retirment.

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Right boys and girls. Taxes are going up. Inflation is on the rise and guess what you now have to work till you die.

I am beginning to think of opting out and enjoying the sunshine whilst i still can.

Can i please opt out of the welfare state and care for myself with my own money?? That way i know i wont squander it on drunken idiots who have no idea what they are doing and headbut a shop windows whilst out on a binge drinking session in our new 24hr pubs. WTF is going on!

fed up ?

want change ?

will you be protestor 24 ?

we need 40-50 and if we get it, were going to number 10 with banners, sky news and a whole lot of noise. we are hoping to get the message accross that all is not so good with mr browns policies.

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Ahhhh dogbox, you really are just a lovely guy aren't you.

I really don't like the way that taxes are squandered on non-jobs, benefits and government innefficiency... but it is all neccessary.

For you to be succesful, you are succesful relative to others around you. If everyone becomes a millionaire then there is no longer anything special in being a millionaire and the prices of goods will inflate to make everyone equal.

There is a finite amount of money sloshing around. For you to be succesful means that you have to grab more than an average share of that pot of money. Thats the way capitalism works.

Its not a very nice system, but its how it works. No point in you trying to sound like you are the good guy.

The system is such that if you are at the bottom of the pile then there are limited opportunities to pull yourself up into being more succesful. Everyone is in competition. A few people born into poverty (relative) will get more wealthy but this is always at the expense of someone else.

If you are stuck at the bottom of the system then what incentive do you have to work hard? If benefits provide you with as much as you could expect by working a 40 hour week in a dead end job then why work?

Its not the people that are broken - its the system. People will always be selfish and greedy (very natural human trait IMHO)... what we need is a system that does not encourage laziness.

Me, I earn more than double the average wage (especially in my area), but I am well aware that the money I earn is money that someone else can't. I don't think that I am doing something special by earning above average... I'm just being selfish too and doing it on behalf of my family. But at least I realise that I am being selfish and I can sympathise with people not in my position and see the faults in the system.

There is nothing worse than a capitalist/conservative that think they are a socialist/labour.... see TB or GB as a shining example of this.

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im struggling to find a reason to work at 36....!!

Same here. At the weekend I was talking to a friend who'd just come back from Thailand, and I'm tempted to quit and go sit on a beach out there until my money runs out sometime around 2030... why stay here and slave away for Tony Blair and the mortgage company?

Edited by MarkG

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Don't you people realise that the whole point of life is to work to earn enough money so that by the time you die you can afford a few months in a nursing home and a funeral without being a drain on your dependents.

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Guest Guy_Montag

Don't you people realise that the whole point of life is to work to earn enough money so that by the time you die you can afford a few months in a nursing home and a funeral without being a drain on your dependents.

When I get to that point I want to be filled full of morphine until I pop my clogs, any usable organs harvested, then stick me in a furnace so I can generate some electricty, no point hanging around if I'm terminally ill or have no life left living.

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Ahhhh dogbox, you really are just a lovely guy aren't you.

I really don't like the way that taxes are squandered on non-jobs, benefits and government innefficiency... but it is all neccessary.

For you to be succesful, you are succesful relative to others around you. If everyone becomes a millionaire then there is no longer anything special in being a millionaire and the prices of goods will inflate to make everyone equal.

There is a finite amount of money sloshing around. For you to be succesful means that you have to grab more than an average share of that pot of money. Thats the way capitalism works.

Its not a very nice system, but its how it works. No point in you trying to sound like you are the good guy.

The system is such that if you are at the bottom of the pile then there are limited opportunities to pull yourself up into being more succesful. Everyone is in competition. A few people born into poverty (relative) will get more wealthy but this is always at the expense of someone else.

If you are stuck at the bottom of the system then what incentive do you have to work hard? If benefits provide you with as much as you could expect by working a 40 hour week in a dead end job then why work?

Its not the people that are broken - its the system. People will always be selfish and greedy (very natural human trait IMHO)... what we need is a system that does not encourage laziness.

Me, I earn more than double the average wage (especially in my area), but I am well aware that the money I earn is money that someone else can't. I don't think that I am doing something special by earning above average... I'm just being selfish too and doing it on behalf of my family. But at least I realise that I am being selfish and I can sympathise with people not in my position and see the faults in the system.

There is nothing worse than a capitalist/conservative that think they are a socialist/labour.... see TB or GB as a shining example of this.

I have no quarrel with your views, my fire was aimed at the ardent socialists that inhabit this site.

They would have me re - distribute a far higher proportion of the fruits of my labour, yet it is my very labour and all the extra stress and sacrifice that goes with it, that enables me to produce a better finanical outcome for my family.

I DONT HAVE TO DO THE HARD WORK AND SACRIFICE BUT I CHOOSE TO, IN THE SAME WAY AS OTHERS (NOT ALL I GRANT YOU) CHOOSE NOT TO WORK HARD AND NOT TO SACRIFICE MONEY INTO INVESTMENT AND NOT TO ENDURE SLEEPLESS NIGHTS WORRYING WHETHER THE NEW SHOP WILL WORK OUT OR NOT.

Of course I need to help others less fortunate, but not to the degree the ardent socialists think I should.

I grew up on a council estate. My childhood freind is still there and he appears happy. He chose not to put himself out, in fact he is the first to admitt he's a couch potato and I dont mind paying for his lifestyle BUT THERE IS A LIMIT. The point is in the main people choose thier life, it is'nt imposed.

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BBC work till you drop

Right boys and girls. Taxes are going up. Inflation is on the rise and guess what you now have to work till you die.

I am beginning to think of opting out and enjoying the sunshine whilst i still can.

Can i please opt out of the welfare state and care for myself with my own money?? That way i know i wont squander it on drunken idiots who have no idea what they are doing and headbut a shop windows whilst out on a binge drinking session in our new 24hr pubs. WTF is going on!

Since life expectancy is going up by about two years per decade, it's hardly "work until you die". They could add two years to the retirement age every decade and keep the length of retirement broadly constant, and in practice the retirement period is getting longer -- this will just slow the process down a bit, without changing the direction of the trend.

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I grew up on a council estate.

so you admit you had quite a good start in life then.

modern families dream of a 3 bed council house with garden thats actually affordable.

i bet you had holidays too you lucky barstool. : )

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No problem with working till 67 (or 70) if it is to provide a decent retirement for myself but not if it is just to give another 5 years subsidy to public sector workers who retire 10 years earlier than me.

Edited by Young Goat

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This is why I am completely at odds with socialists. I have had to make many sacrifices to get myself into a position where I can achieve financial independance. Its been a hard slogg and it wont end for some years.

I could squander my hard earned money but instead I make sacrifices by investing a good proportion, so I have the additional worry of not knowing whether the investments will work - out.

All this sacrifice so that my family will not have to rely on others, yet at the same time millions of irresponsible people choose not to work hard and make sacrifice and then to top it all they want me and my kids to subsidise thier lifestyle and retirment.

I bet you spend the other half of your life with your accountant fretting about the next scam to avoid paying your full tax due too!

Flipping Hypocrite :P

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great plan.

normal working life.

is 20-65

45 years.

Just less then 5% increase to work till we are 67..

so where do the extra 5% of jobs to support this genius suggestion come from....?

Next question please..

I thank you.. ta da..

for christ sake... do they think we are stupid..?

I am going to do my bit for the country and have a cigarette...

Let you people mull this over..

Edited by apom

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so where do the extra 5% of jobs to support this genius suggestion come from.

I was thinking the same thing actually. Does that mean people who would normally get jobs

at 20, now have to wait til they're 22? Also with lots of desk jobs being outsourced to low cost

regions like Indian and China I'm dying to know what jobs will make up the shortfall.

:unsure:

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Also with lots of desk jobs being outsourced to low cost regions like Indian and China I'm dying to know what jobs will make up the shortfall.

Don't worry, we'll all be selling coffee to rich Chinese and Indian tourists.

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Same here. At the weekend I was talking to a friend who'd just come back from Thailand, and I'm tempted to quit and go sit on a beach out there until my money runs out sometime around 2030... why stay here and slave away for Tony Blair and the mortgage company?

Don't think you can totally escape the mad obsession with property prices over there. A mate bought 2 acres of land on Ko Pangan a couple of years ago for £5000 and has now moved there and is building a house to live in. Now land of that size is going for nearly £20,000 as a result of westerners buying. There is still some funny way it needs to be set up as a non-Thai national cannot sell land/property as freely as you could in the UK and i don't really understand how it works but i know land prices have shot up. (still cheap compared to UK though!!)

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I have no quarrel with your views, my fire was aimed at the ardent socialists that inhabit this site.

They would have me re - distribute a far higher proportion of the fruits of my labour, yet it is my very labour and all the extra stress and sacrifice that goes with it, that enables me to produce a better finanical outcome for my family.

I DONT HAVE TO DO THE HARD WORK AND SACRIFICE BUT I CHOOSE TO, IN THE SAME WAY AS OTHERS (NOT ALL I GRANT YOU) CHOOSE NOT TO WORK HARD AND NOT TO SACRIFICE MONEY INTO INVESTMENT AND NOT TO ENDURE SLEEPLESS NIGHTS WORRYING WHETHER THE NEW SHOP WILL WORK OUT OR NOT.

Of course I need to help others less fortunate, but not to the degree the ardent socialists think I should.

I grew up on a council estate. My childhood freind is still there and he appears happy. He chose not to put himself out, in fact he is the first to admitt he's a couch potato and I dont mind paying for his lifestyle BUT THERE IS A LIMIT. The point is in the main people choose thier life, it is'nt imposed.

When you say hard work, what do you mean ? do you mean working down a mine, farm labourer, dock worker, factory worker etc

Miners where the most ardent socialists.

The miners worked hard, that was REAL work. What was their reward.

Demonized and communities destroyed.

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It's only 2 years and nobody is stopping you retiring earlier, you just won't get the state pension until your are 67. The idea that you have to contribute to a National savings plan seems a good idea. At the moment millions of people are making no plans to their pension which can't be good for society. If these leaks are true then there's some good ideas there.

Not wanting to be picky, but there is no "National savings plan" - it's all pay-as-you-go with current taxpayers picking up the tab for those currently retired. There are no "savings" as such. If millions of people pay more in hypothecated taxation, earmarked for pensions, it goes to those who are retired now. The point is...that there is no plan for the future, and this isn't one. A lot of us are, for good reason, cynical that extra taxation levied now will be money that we'll never see again.

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When you say hard work, what do you mean ? do you mean working down a mine, farm labourer, dock worker, factory worker etc

Miners where the most ardent socialists.

The miners worked hard, that was REAL work. What was their reward.

Demonized and communities destroyed.

The most ardent socialists were mineworkers union leaders, with their chauffeur driven cars, pay that a miner could only dream about (paid for by the miners themselves) and all the other moneyspinning perks that meant they could sit in an office and not have to work for a living. Or should that be communists, with themselves as the 'elite' ?

Edited by nobody

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There is a finite amount of money sloshing around. For you to be succesful means that you have to grab more than an average share of that pot of money. Thats the way capitalism works.

Wrong, wrong, wrong. Wealth is generated by the endeavours of people throughout the world. This happens most efficiently under a market system. Since that's basically what we've had since the start of time, give or take a few anomalies, the sum total wealth of the world has always grown.

There is not a finite amount of money (or wealth). Yesterday there was less and tomorrow there will be more.

If person A is wealthy that makes person B more, not less likely to be wealthy as well.

Are you envious?

Edited by BoredTrainBuilder

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The most ardent socialists were mineworkers union leaders, with their chauffeur driven cars, pay that a miner could only dream about (paid for by the miners themselves) and all the other moneyspinning perks that meant they could sit in an office and not have to work for a living. Or should that be communists, with themselves as the 'elite' ?

The government pumped so much anti-union propaganda out through the media at that time it is difficult

to seperate fact from fiction. It is true with unions that they have often been betrayed by their leadership.

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Not wanting to be picky, but there is no "National savings plan" - it's all pay-as-you-go with current taxpayers picking up the tab for those currently retired.

Fair point I was just reading what the BBC was saying. It looks like if we are copying the New Zealand plan then it looks like a variation of the current Stakeholder system with payments coming out of PAYE http://news.bbc.co.uk/1/hi/business/4445654.stm

Edited by Too expensive to trade up

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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