tag:blogger.com,1999:blog-3874384585810528859.post4052148137685290370..comments2023-05-18T13:13:31.246+00:00Comments on Witterings of a Weegiewarbler: Changing our pensions – a Westminster con?Weegiewarblerhttp://www.blogger.com/profile/03565353275583070868noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3874384585810528859.post-83923958538781556862011-10-10T06:29:16.667+00:002011-10-10T06:29:16.667+00:00Few points.
NI does not pay for pension, nor does...Few points.<br /><br />NI does not pay for pension, nor does it pay for the NHS. NI is just an additional income tax.<br /><br />Pensions was originally to help those people who happened to live past the average life span. People used to work closer up to their death than they do now. With people retiring up to 30 years before they die, there is a huge amount to save to keep paying a pension of any reasonable amount for so long.<br /><br />Have you taken into account birth rate. The birth rate has dropped so there are fewer people entering the tax system to pay for the pensions of old people. This is because pension is basically a ponzi scheme. The payments of new entrants paying for the dividends of existing members.SadButMadLadhttps://www.blogger.com/profile/17836368722377421009noreply@blogger.com