Some will be upset about his suggestion that Social Security could be means tested, and understandably so, since if that proposal were enacted, the people who pay the most into the Social Security program will get the least out of it. Frankly, however, I think some kind of means test is inevitable. More than twenty years ago, I began retirement planning on the assumption that all of my Social Security payments have been a complete waste, and I will never get a nickel out of the program. I'm willing to accept that outcome, in exchange for a system in which everyone, not just upper-income workers, can save money and accumulate wealth instead of retiring onto the dole.
(NB "Social Security" in the US means the old age pension.)
I presume that none of my readers are relying on collecting a pension from the British state, although you might get something if you actually
work for are employed by Leviathan. Yes folks, it's coming here too. If you have any private savings (you evil, capitalist exploiter), you can plan to kiss your state pension goodbye.
(UPDATE: As soon as I had finished posting this I received a letter from that nice Mr Darling. He tells me: "There is massive investment in local schools and hospitals - along with more for pensioners and hard working families." Phew; everything's OK then.)
(I presume that there's been no "investment" in Glasgow schools - see above)
Comments made on previous template:
A man for A' that
28 May 2005, 11:05:40 GMT+01:00
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Yes, that was shocking. It's a pity that the Grannies' Liberation Army isn't standing in the election.
29 April 2005, 10:03:04 GMT+01:00
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My assumption too: that's what the Labour chat about a "citizen's pension" is about, to divorce pensions from National Insurance payments so that they can deny you your pension (and, presumably, give a pension to any granny imported by an immigrant family?)
Will they also deny my wife/widow a pension on the grounds that I have an occupational pension? Judging by today's Telegraph's revelation of their attitude to "grannies", presumably they will.
29 April 2005, 09:58:37 GMT+01:00
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