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@EmporersNewC @mrjamesob I always think to myself that Brexit would have been so much better if it really had have meant breakfast.
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Moon Walker 🇺🇦
11.4K posts
Moon Walker 🇺🇦
@ShowMeLaTweet
Builds rockets
Europe/US Katılım Kasım 2012
123 Takip Edilen85 Takipçiler
@TheAccountantUK @ralph_edmund @peterrhague @grok The claim was 'they get out more than they pay in' which, even by your metric is correct - they did not pay in, their employers didn. Semantics aside, you continue to ignore the huge number of self-employed who pay less NI and where there is no 'employer' element. Why is that?
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Still in denial then Moony 😂
You have the ability to:
- Search for and read the PPI report
- Check it explicity excluded ER'NI, which conveniently supported the narrative that "Boomers get more pension than contributions"
- Confirm ER'NI is circa 1.5x EE'NI
- Confirm "Boomers do NOT get more pension than contributions"
If you continue your dithering then we can only conclude you want to avoid doing that work as it would undermine you narrative.
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The first task of UK politics is to fix this. Anybody refusing to is not fit to lead the country.
Joe Reeve - 🇬🇧/acc@isnit0
For the retired people in the comments claiming "I paid more than my fair share". Actually, most of you didn't. You're being subsidised by me, my peers, and the children we won't be able to have.
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@ralph_edmund @TheAccountantUK @peterrhague @grok Correcting 'misinformation' with speculation. What a win.
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@TheAccountantUK @ShowMeLaTweet @peterrhague @grok Thanks for correcting this misinformation, much appreciated
GIF
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@TheAccountantUK @peterrhague @grok Doesn't disappoint in the slightest. Ive not had anyone link to the original data so I have no way of interrogating it. You tell me it excludes employers NI so for now I'll have to go with that. Doesn't address my other questions but that's not the agenda.
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Oh dear... so you are unable to make assesments yourself?
I'll keep it simple for you:
- their paper said employer NI was specifically EXCLUDED
- Employer NI is typically 1.5x employee NI
- So the order of magnitude of the figures stack up
Their figures had to exclude ER'NI to produce the narrative that "Boomers take more in pension than paid in"
Sorry if it disappoints.
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@denisefortru @classtecenemanl @AlrxCox Did you read my questions to them? They dont actually know what the numbers they used mean. Which means you dont know what their numbers mean.
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@ShowMeLaTweet @classtecenemanl @AlrxCox The actual picture tells you where they got the figures from so I dont blame them.
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The triple lock is honestly one of the worst policies ever thought of.
Many of the people who say the benefits bill is too high are the ones making up 48% of it.
That’s £150.7 billion so people who had the easiest housing ladder, the best savings rates and the best private pension rates can get a bigger pension than they ever paid in for.
It’s a joke of a policy and I wholeheartedly disagree with it.
Politics UK@PolitlcsUK
🚨 WATCH: Nigel Farage formally commits to the state pension triple lock if Reform UK win the next election "The people to whom pensions are being paid, certainly compared to a younger generation today, are those who have actually worked and paid into the system"
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@denisefortru @classtecenemanl @AlrxCox I'm not having a tantrum. I have my house and my happy life, thanks. Worked hard for it all too.
You're wrong about when the housing boom came, most occurred between 95 and 2007. I bought mine after that real boom.
I see you chose to ignore all the points I raised though. Nice.
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@ShowMeLaTweet @classtecenemanl @AlrxCox You inherited a better world than I, stop feeling sorry for yourself. We couldnt afford houses when young most rented, the housing boom came in the 80s I got mine arround 2003. You are sounding like a 2 year old having a tantrum. Thats life accept it or not your choice.
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@denisefortru @classtecenemanl @AlrxCox It was not wrong to say you inherited a better world than your parents had. That is verifiable fact.
It is not false to say your generation has impoverished younger generations. Out-of-control housing costs. Mismanagement of country's resources. Brexit. All completely verifiable
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@ShowMeLaTweet @classtecenemanl @AlrxCox All of it. If you cant see what is wrong with what you said I pity you.
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@TheAccountantUK @peterrhague @grok I'm not the one making claims based on their work. If you're not familiar with what their work does and does not actually represent then it may be best not to use that work to make assertions of your own.
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@TheAccountantUK @peterrhague @grok So a few more questions:
Did you check their numbers didn't already account for employer's contributions?
What verification did you do of their numbers?
What weighting have you used for the self-employed?
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@ShowMeLaTweet @peterrhague @grok The PPI report normalised the data at 2022 values... I did put that as a footnote on the graphic
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@denisefortru @classtecenemanl @AlrxCox Those people's whose pensions you paid built a better world for you to inherit. That was the social contract. Your generation broke it. Your generation pursued policies, and continue to do so, that impoverish your children and grandchildren.
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@ShowMeLaTweet @classtecenemanl @AlrxCox Life if very unfair its not like sports days at school where you all run and even the loser gets a toffee. We are all dealt bad hands. Its how we deal with them that makes us who we are. No problem, I paid other pensions neve moaned thats the system what makes you all so special.
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@Falkey120 @Wyi_Gaius @TrueNashWay @markusdeme23 Right, I checked that article and, as expected, they are counting the entirety of 🇺🇸 defense spending as being part of NATO's budget. That is disingenuous. Most 🇺🇸 defense spending goes on things entirely outside of NATO's remit.
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@ShowMeLaTweet @Wyi_Gaius @TrueNashWay @markusdeme23 “Over the past 75 years, the U.S. contributed $21.9 trillion to NATO's defense budget, according to its yearly Defense Expenditure of NATO Countries report, significantly more than its 31 peers. “Newsweek 4/4/2024
Though quick google search shows it sourced by Reuters, cbs etc.
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The US asked France for help to open the strait and France said "no".
The UAE asked for a resolution to open the strait with force and France said "no".
Now, France has made a deal with Iran and French ships are passing through the strait freely.
France logic: why fight when you can just make a deal and pass without stress?? Be wise like France!
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@denisefortru @classtecenemanl @AlrxCox You talk about trashing older people yet are here talking about the people paying your pension as if they're all a bunch of layabout wasters. Do you not see you're part of the problem there?
I dusted myself down. I have what I need, thanks. I can feel empathy for those who dont.
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@ShowMeLaTweet @classtecenemanl @AlrxCox If you want to own an asset go for a Flat or like me a 2 up 2 down in the north about £90,000. My asset came from sweat and hard work. Perhaps you should dust yourself down look at what you have and thank God you have it. Attitude is what has gone wrong with todays society. Bye.
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@denisefortru @classtecenemanl @AlrxCox Your generation is known as boomers. That's not me trashing them with a mean name; the reason your generation has that name is because of the post-war baby boom.
And yes, you didn't have two pennies to rub together yet you now own an asset. Something much harder to do now.
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@ShowMeLaTweet @classtecenemanl @AlrxCox We all do, but why do you feel the need to trash older people by calling them all boomers when many of us didnt have two halfpennys to rub together and didnt have the luxury of modern living you do. Having chips on your shoulder isnt healthy.
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@TheAccountantUK @peterrhague @grok Have you accounted for self-employed in your numbers?
Also, those £134,000 numbers seem high- median earner is paying £1700-1800 NI per annum. Assuming 49 years of payment equates to £83-88k.
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@ShowMeLaTweet @peterrhague @grok provided the detailed analyses
A simple cross-check is that employers NI % was typically 1.5 times greater than employees NI
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@denisefortru @classtecenemanl @AlrxCox Would you not want better for your kids than you had yourself? This whole 'we were down pits 16 hours a day' is akin to your grandparents saying 'you had it easy, we were working up chimneys when we were kids'.
And yet, opportunities you took for granted no longer exist.
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@ShowMeLaTweet @classtecenemanl @AlrxCox The boomer generation sailed straight past many. Only helping the upper middle class and rich. You are rewriting history with that rot. Try 16 hrs down a pit and coming home to a house without central heating, ice on the inside of the windows and little money for food. Reality.
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@denisefortru @classtecenemanl @AlrxCox The boomer generation, to which you seem to belong, is the wealthiest in history. All prior generations have left the next with more than they had themselves. That has stopped.
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@classtecenemanl @ShowMeLaTweet @AlrxCox Ive never yet known a generation who thought more about them than their parents and grandparents glad I bought my family up to respect their elders.
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@TheAccountantUK @peterrhague How did you work those figures out? They seem off.
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@peterrhague The first task of UK politics is to check the data... anybody refusing to is not fit to lead the country
That analysis EXCLUDED NI contributions by employers... so the real position is Boomers' NI contributions exceed their pension
x.com/TheAccountantU…
AccountantUK #FreeSpeech 🇬🇧🇮🇱@TheAccountantUK
@isnit0 INTER-GENERATIONAL FAIRNESS Many are quoting the PPI's report to demonstate pensioners take out more in state pension than was paid in. That only works as they ignored the employers' NI contributions paid in on behalf of the employee. NI Contributions 40% > the pension
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@denisefortru @classtecenemanl @AlrxCox I mean, I just did some rough maths myself. So, without accountant showing their working, which is conspicuous in its absence, then I can't do much other than take their claims with a pinch of salt. Which you may wish to consider doing too.
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