Steve
1.5K posts
@GBPolitcs @CharlotteCGill @Telegraph @grok has Ofcom ever awarded funds to promote “right wing journalism?”
English
🚨NEW: Ofcom, the UK broadcasting regulator, awarded £50,000 to The Guardian Foundation
According to the Foundation’s 2024-25 impact report, it is committed to promoting "liberal journalism"
[@Telegraph]
English
@ShapoMelon @flowerpotweller The salient point you are omitting is that the contribution burden for today's worker is much higher, per person, than for the previous generation (current pendioners)
English
@flowerpotweller Yes it is, pensions aren't only paid for out of NI contributions but other taxes. The neat little graphic going around today pretending otherwise is completely misleading as to how much someone's paid to support the pensions of others throughout their career.
English
this isn’t the deal you think it is, chris.
Chris Parry@DrChrisParry
Give me a refund on my national insurance paid over 55 years and I’ll forego my state pension.
English
@tigerfish4 @AaronBastani The income of the working funds the pension of the retired. With stable demographics there is no transfer as the fiscal burden on working doesn't change. But with a shrinking working person base the burden on them is increasing compared to what current pensioner experienced.
English
Read the replies to this.
This isn’t in response even to cutting pensions, but simply indexing them to rising wages. I’m literally being accused of promoting mass murder.
Shrodingers Borderline Normal@JeremyCordite
Now you know why they're pushing assisted suicide.
English
@tigerfish4 @AaronBastani Pensions function as an income transfer from working people to retired. There is nothing wrong with that in pricinciple provided we have favourable demographics to support it. Increasing that is not the case. The system has a breaking point and we are steering into it.
English
@OGFianna @AaronBastani Quantify the "cost"- taking into account how revenue is taken back. How much of it goes to savings ..how much is spent.....Stupid to suck money out of the system. Let everyone retire at 60 and make way for younger people to get 'good' jobs- promotion etc.
English
@SignoraMatera @JeremyCordite Folks, this is what we call "projection". Avoid these kinds of people.
English
Now you know why they're pushing assisted suicide.
Aaron Bastani@AaronBastani
An ageing population can’t permanently receive an ever expanding part of national output. This is common sense. Nobody is being demonised, or hated. It’s mathematics.
English
@OGFianna @DrChrisParry Do you honestly believe any of our political class have the nerve or more importantly the intellect to be able to come up with a plan…
English
55 years of hard work and paying taxes.
And not whining.
Benedict Spence@BenedictSpence
What makes a pensioner more deserving of protection from market forces than, say, a young family?
English
@BrianSh67444589 @DrChrisParry A comfortable one, but that isn't the salient question.
How do we restructure the state pension system so that it continues to function? (As it will collapse as is)
English
@OGFianna @DrChrisParry I have watched these exchanges all week…what would be seen as a fair pension for a person of pensionable age…what is the level of living are older people expected to have…
English
@TheScholar44 @linmeitalks Correct. The triple lock is a red herring discussion. The real problem is fundamental structure of the system being dependent on a specific demographic makup that nolonger exists.
English
@OGFianna @linmeitalks How much of that cost is the triple lock, and how much of that is simply down to larger numbers of recipients and fewer tax payers?
English
Triple lock- pensioners
Paid in vs paid out. 😑
What’s sad is my generation and below probably won’t even see it. They’ll be no money left to pay out.
Joe Reeve - 🇬🇧/acc@isnit0
@tomhfh So this is a more fair comparison I think. It's inflation adjusted, and includes the per person healthcare costs that were initially intended to be paid for by NI. Obviously healthcare costs now come from many other places, including income tax.
English
@Stan2415loveu None of this is ok. The brutal fact is that the state pension functions as a Ponzi scheme and demographic inversion (more old than young) has rendered this untenable. If we don't reform it it will collapse. Is that what we should do?
English
The increase in the state pension just about covers all the bills going u p in April--so when you are on a basic pension with no private pension you need the triple lock..if its stopped completely =then slowly more and more will enter into complete poverty..but that is ok right?
English
These people complaining about the triple lock on pensions for people who paid into the system all their working lives should vent their anger on the amount this government pays out housing illegal migrants that have not paid a single penny into the system.
It’s insane these people blame the elderly for working hard all their lives.
If you want to blame anyone it should be the government not the elderly.
English
@tigerfish4 @AaronBastani This is irrelevant. The point is demographic inversion is rendering the scheme untenable. It will simply collapse if it isn't reformed.
English
@AaronBastani What's the cost of pensions? They mostly spend it in the local economy/on their grandkids/on heating/ petrol/buses/cafes/food/outings/holidays- just as you spend; 'they' spend also.We are all connected. And if it's over the personal allowance - they also pay income tax.
English
@fmc_james @AaronBastani Because demographic inversion has rendered the system untenable. We don't want to reform the system, we need to.
English
@AaronBastani @AaronBastani
Your father came here in 79?
Did he get a state pension?
What right do you have to question our pensions?
I can trace my family tree back 200 years without switching the Laptop on
My family name is in the Domesday book
My ancestors bled/sacrificed for this nation
English
@SignoraMatera @JeremyCordite Working people "I think we need to reforming the state pension system"
Pensioners "They want to murder us!"
English
@JeremyCordite They want to euthanise us AND seize our homes.
English
@TheScholar44 @linmeitalks Technically it does but pensions is such a huge line item with a triple lock it's the one that will break the system if not addressed. Folk don't view it as a benefit (which is understandable) so it probably shouldn't function like one.
English
@OGFianna @linmeitalks Why does that description not apply to any and all benefits paid out?
The gov receives money and pays it out be it UC or pension
This is one doom loop of uninformed people arguing to take it from them not me
English
@BrooksVict78364 @linmeitalks It's a problem of demographic inversion. No amount of productivity increase is going to compensate for that.
English
@OGFianna @linmeitalks Grow the economy there will be enough for all. Currently Labour are destroying jobs and helping their client base of shirkers choosing not to work
English
@Sisyphuscomplex @ManOfKent15 It is a Ponzi scheme, that fact isnt controversial.
English
@ManOfKent15 It's ok, we have the solution now.
Apparently all of the young think it's a ponzi scheme and that it shouldn't be paid out, so that means they can all make official statement that they do not want a state pension, and the problem will be solved.
English
The 1946 National Insurance Act was called 'the best insurance policy the British people ever had' by the Labour government at that time.
It entitled pensioners to a contribution-based pension that would not be means-tested.
To renege on that contract now would be one of the biggest betrayals of the British people ever.
English
@BrooksVict78364 @linmeitalks The assertion that the current scheme is untenable with modern demographic is not controversial. What are you objecting to?
English
@TheScholar44 @linmeitalks The graph is misleading. What isn't in doubt is that the state pension operates as a Ponzi scheme, which was fine when the demographics were favourable. Now it's simply untenable and needs reformed or it will collapse.
English
@linmeitalks Why does it use only NI for paid in and not income tax, CGT, stamp duty, lifetime vat, fuel duty etc etc?
English