OverlyBritish

169 posts

OverlyBritish

OverlyBritish

@OverlyBritish

26, British, minors dni

เข้าร่วม Şubat 2024
21 กำลังติดตาม5 ผู้ติดตาม
OverlyBritish
OverlyBritish@OverlyBritish·
@Jamie133635500 @technopopulist Yes, because we have far lower social security contributions (because we have far more generous private pensions). We have a high overall tax burden, but drastically lower contributions compared to, for instance, France.
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Jamie133
Jamie133@Jamie133635500·
@OverlyBritish @technopopulist My point was that the state pension is very low compared to other countries. My second point was that the boomers of yesterday had as much control as the young today. Open borders have an expensive price that is not always obvious.................
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Mike Jones
Mike Jones@technopopulist·
There’s a narrative starting to harden that we’re going to cut welfare for younger people to keep funding pensions for the elderly. You can almost picture the Greens watching this unfold in real-time and thinking their moment has arrived. What surprises me is how few boomers seem to grasp how politically toxic this is likely to become. The welfare state plainly isn’t working as it should. It creates perverse incentives, traps people in the wrong places, and often fails to deliver where it matters. But that isn’t how a lot of younger people will interpret what’s happening now. They’ll look at the hand they’ve been dealt and compare it to what came before. More secure jobs back then ("Fordism"), and a labour market where you didn’t need a degree just to get on the ladder. Housing that bore some resemblance to wages/savings; and, in the background, decades of rising asset prices quietly doing the heavy lifting. Whatever the problems with welfare, and there are plenty, this will be seen as a generational tilt in one direction. By 2029, we may be looking at the last election where older voters hold the balance of power over left-wing parties. You have been warned.
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OverlyBritish
OverlyBritish@OverlyBritish·
@Jamie133635500 @technopopulist Unless your parents are 66, no. If someone is 18-30 (e.g. young) then their parents are probably 65 at absolute oldest. The millennials you're thinking of who you refer to in this are largely in their 40s now. You don't even know who you're arguing against.
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Jamie133
Jamie133@Jamie133635500·
@technopopulist Yes the young will look at their old mums and dads getting 12K per annum pensions and think WOW...........that is too much for 50 years of work.
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OverlyBritish
OverlyBritish@OverlyBritish·
@DesmondFancey @technopopulist The youngest boomers were born in the 60s, they would have entered work more or less on time for the decline of the old economy and in time for the service economy. They would have had their mid-careers in the boom of the 90s-00s. A great deal of boomers are skinwalkers on this.
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Arnoldbaton
Arnoldbaton@DesmondFancey·
@technopopulist No working time directive, no work from home, no one went off with " stress and anxiety" , no one had reasonable adjustments. Work was dull, often noisy and dirty. Not all young people would fancy a return to the 70s.
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OverlyBritish
OverlyBritish@OverlyBritish·
@Robbear66 @linmeitalks In 30 years pensions are predicted to be 8% of GDP, like £340bln+, if the triple lock continues. This would be more than the entire welfare budget rn (incl. current pension costs), it would be 1/4 the current budget. If the triple lock continues pensions will be abolished.
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Rob Bear
Rob Bear@Robbear66·
@linmeitalks Imagine 30 years from now when a/Gen Z are squealing about not getting a pension, because they did not fight to keep it b/Younger generations hating Gen Z for clogging up the jobs market, keeping them out of work, because Gen Z can’t afford to retire. 😂😂😂
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Lin Mei
Lin Mei@linmeitalks·
A Lifetime of memories don’t pay the bills. UK welfare spending is set to rise by £18 billion to reach £333 billion this year (£153 billion is state pension). This bill is projected to climb to over £400 billion by the end of the decade, exceeding current income tax revenue. HOW DO YOU PROPOSE WE PAY FOR IT?
BB Jones 🩵🏴󠁧󠁢󠁥󠁮󠁧󠁿🇬🇧@LB250631

@linmeitalks These ‘boomers’ as you so disrespectfully label them often have a lifetime of memories and love cocooned in their home. Their children will inherit in time. If you were my child I would be ashamed at your selfishness and level of entitlement.

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OverlyBritish
OverlyBritish@OverlyBritish·
@muckfe111 @LondonNewLibs ..which then pays off because those children when they grow up become part of the future tax base. This kind of short-term thinking is exactly why we have such an aging population problem. How do you expect to pay for the state when everyone is over 70?
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Sf
Sf@muckfe111·
@LondonNewLibs The fact a family of 3 kids will cost the taxpayer £300000 for 10 years schooling is obviously lost on you
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OverlyBritish
OverlyBritish@OverlyBritish·
@justaphag6 The problem is that there are jobs - in the parts of the country that aren’t rust belt. Labour is immobile due to rents being so high. So despite there being a surplus of jobs people cannot actually work those jobs because they are on the other end of the UK.
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Nicole Pizza
Nicole Pizza@justaphag6·
people say there’s no jobs atm and some entitled boomer will chime in with “well my grandson got a career in 2008”. not quite the point is it
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OverlyBritish
OverlyBritish@OverlyBritish·
@WSB_redditor @DanielJHannan What? Are you stupid? The state pension is indexed to inflation, wage growth, or 2.5% - *whichever is highest of these three* You don’t even know the basics of the state pension- why are you even discussing it?
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WSB Redditor
WSB Redditor@WSB_redditor·
@DanielJHannan I love the fact that your pension is indexed to inflation unlike the rest of us....
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OverlyBritish
OverlyBritish@OverlyBritish·
@justinmmathews @DanielJHannan I mean, yes.. but the single largest item is pensions, as in like 49%. To match the existing pension budget you would have to eliminate every other form of welfare, even basic unemployment. Even then due to triple lock compounding pensions would eventually bankrupt the state.
OverlyBritish tweet media
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Justin
Justin@justinmmathews·
@DanielJHannan I think you need to look at the numbers again. Just welfare
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Daniel Hannan
Daniel Hannan@DanielJHannan·
My timeline is suddenly filled with posts along the lines of “We can easily give pensioners a better deal if we cut immigration/scrap DEI/end foreign aid/find some other footling saving.” Most of them look like bots, which raises the question: Who wants to push this narrative? Some unfriendly foreign power, presumably. For the avoidance of doubt, of course we should cut immigration, scrap DEI and end foreign aid. But that will barely make a dent in the budget. The biggest spending items are health and social security, and pensions are the biggest element of this latter. Politicians who don’t want to tackle these budgets a don’t want to cut spending. Every British party is currently failing this test.
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OverlyBritish
OverlyBritish@OverlyBritish·
@riversorare @isnit0 The triple lock kind of prevents that from being the case. Unless you had an economy growing at something like 5% a year (e.g. higher than every developed economy) then the triple lock growth will always outpace economic growth.
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riversorare
riversorare@riversorare·
Yes but if you invested the £82k they would be a lot closer together. The point is that the system assumes the wider economy will grow and the govt’s revenue raising ability will grow with it. I would agree this has all still been used as a sleight of hand to disguise some long slow burn Ponzi mechanics which are starting to catch up with us. But its not quite as bad as the chart makes out.
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Joe Reeve - 🇬🇧/acc
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.
Joe Reeve - 🇬🇧/acc tweet media
Joe Reeve - 🇬🇧/acc@isnit0

PSA: Pensioner Spending is the single largest line item here - *£160bn*. More than half of all benefit spending. More than NHS England, or all NHS Providers. Want to pay less tax? Reduce the benefits we give to people who’ve had an entire life to prepare and save.

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OverlyBritish
OverlyBritish@OverlyBritish·
@CrabtreeEdmond @TheBlackHorse65 That's actually not true. Compared to most of Europe, British retirees saved far more in private pensions vs. state pension. The state pension a few decades ago was a pittance. No one voluntarily relied on it alone, since it was intended merely to prevent total destitution.
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Ed CT
Ed CT@CrabtreeEdmond·
@TheBlackHorse65 If there was no State Pension and no National Insurance contributions, today's pensioners, of course, would have all contributed to private pensions instead. But there are, so they didn't (for the most part).
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OverlyBritish
OverlyBritish@OverlyBritish·
@Chimpin82 @cremieuxrecueil That's because UK retirees have stronger private retirement schemes and related tax breaks/subsidies. If we matched Europe tit-for-tat with pensions you'd see all of that end and taxation rise drastically.
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OverlyBritish
OverlyBritish@OverlyBritish·
@RobertO59038826 @blaiklockBP Pretty much anyone who has ever been unemployed has lived on less than the state pension, potentially for up to six months. About 5% of the country is currently unemployed (not economically inactive) and receiving about half or so of the state pension and having to live on that.
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bobblades 10
bobblades 10@RobertO59038826·
@blaiklockBP You want to try just living on a basic state pension for six months .bet your life you change your mind .all these people hitting pensioners have no idea what happens once you retire . Not all pensioners go on several cruise s a year ,some just survive and freeze go without meals
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Laura Fong
Laura Fong@MissLauraFong·
@OverlyBritish @tomhfh I can't remember the exact figure but it was something like it you haven't earned (around) 100k for at least ten years you're a tax burden. By definition that includes graduates. Ban them from the NHS, roads, calling police etc 😂😂
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Tom Harwood
Tom Harwood@tomhfh·
Apparently you hate the elderly if you want to tie as yet unfunded state pension spending hikes to meaningful productivity data. The opposite is true. People demanding unfunded pension triple lock rises hate the elderly as they have no way to guarantee their snake oil promises.
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Martha Dacombe
Martha Dacombe@martha_dacombe·
The “small-state, anti-woke” party will now guarantee endless boomer communism funded by taxing young families up to their ears. Turns out Reform loves the welfare state. Just not for people who work for a living.
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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OverlyBritish
OverlyBritish@OverlyBritish·
@AnitaKi43267303 @miriam_cates Because those benefits don’t rise by the highest of three measurements per year no matter what. Other benefits are frequently cut or frozen.
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Andrea
Andrea@AnitaKi43267303·
@miriam_cates We have loads of benefits given out for different age groups! Maternity, child benifit why are you saying 35 years of National insurance doesn't give you a pension. We can afford any of it so why pick on pensions
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Miriam Cates
Miriam Cates@miriam_cates·
Can you imagine a fiscally responsible, right wing party supporting a policy of Universal Basic Income for millions, with eligibility based only on age and not on income, wealth or contribution, and where payments increase by more than wages most years? Nope, neither can I.
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Jennifer Lamont
Jennifer Lamont@JenniferLa98066·
@miriam_cates But it is not universal It is a benefit earned through contributions and longevity If it was universal there would be no criteria for claiming it and everyone would get the same
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OverlyBritish
OverlyBritish@OverlyBritish·
@MissLauraFong @tomhfh I mean.. yeah, the NHS is also unsustainable and should be phased out for an insurance based system.
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Laura Fong
Laura Fong@MissLauraFong·
@tomhfh The NHS is a burden. Let's restrict it to people who have been paying tax on a six figure salary for twenty years minimum. I don't hate people like you, I just think you should pay for the snake oil of "free" healthcare. 🤡🤡🤡🤡
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OverlyBritish
OverlyBritish@OverlyBritish·
@dazjamescarter @AlrxCox You could eliminate every working age benefit and foreign aid program and etc. and debt to gdp would still reach 400% by 2040-2050 due to the TL alone. Hell, it’d be faster due to the removal of net zero taxes that bring in a decent chunk a year.
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Darren Carter
Darren Carter@dazjamescarter·
Pensioners have contributed to the system. If you want to cry about the welfare system then you need to be crying about the scandalous amount of money being spaffed on mass immigration. The reason why you deem the triple lock as unaffordable is because you've not factored in the actual amount of money routinely spaffed on nonsense like foreign aid, space programs, Net Zero, HS2, etc.
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Alex Cox
Alex Cox@AlrxCox·
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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OverlyBritish
OverlyBritish@OverlyBritish·
@kazzie246 @miriam_cates There's a minimum amount that you need to pay in taxes to receive the benefit, yes. This isn't anymore of a put-aside pot specially for you than e.g. ESA is, or other contributory benefits.
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Kazzie246
Kazzie246@kazzie246·
@miriam_cates So when I had 3 years with my kids why did I receive letters asking for lost contributions in order to receive a full pension? You're talking rubbish we need 35 years of contributions to receive a pension. Yes, you can get credits or whatever, but that i will argue is a benefit.
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Miriam Cates
Miriam Cates@miriam_cates·
No one has ‘paid into’ the state pension. NI payments are spent by the government of the day, not put into a pot with your name on. Using these terms just perpetuates the myth that the state pension is a contributory scheme. It isn’t. It’s a non-means tested universal benefit paid for by current taxpayers.
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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OverlyBritish
OverlyBritish@OverlyBritish·
@BigRedGlaze @EspokunCity Chrono Genesis is pretty much the keiba uma as she watches umas racing a lot, and is deeply interested in keiba history.
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Espy
Espy@EspokunCity·
In Makibao, these Keiba gamblers are usually depicted as naked bald men because they are for better or worse 'shameless' (there is page where salarymen turn into them in Sunday when horse race happened) I surprised Cygames don't change them into bunch of Chrono Genesis lol.
Espy tweet mediaEspy tweet mediaEspy tweet mediaEspy tweet media
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