Friday, 25 June 2010

The Welfare State Ponzi Scheme starts to unravel

First the Fabians promised Cradle to Grave 'welfare'

The latter day Fabians extended this to profiling before you are born and taxing you after your death.

We are now in the final stages if the 'Crisis of Fabianism'

Taxes soaring both direct and indirect, 'services' by the State being cut back, but the public sector stays intact to be supported by the groaning mass of the people.

The Ponzi scheme is now at breaking point, the pensioners entering the last hurdle are now being told that the pension promise of the monthly mugging of their wage packet is going to be deferred, to the point of you carry on working until total decrepitude and the period between that and death is shortened, because it is our fault because we are living too long and screwing up the figures.

Many individuals could have enjoyed a comfortable retirement, but for the relentless taxation of the last thirty plus years, those that did save found their funds being targeted by Gordon.

The people of this country actually saved £24Bn as against £20Bn borrowing last year. Fiscal rectitude is something ordinary people understand but not the State.

5 comments:

john in cheshire said...

I reckon that my contributions to the state system would give me about £15k in pension, if I had been able to invest the money in my own pension scheme. Now, I'm being told that I'll have to wait till i'm 66 to get the pittance they are proposing to offer me. The day when the government butts out of stealing my pension provision can't come too soon.

Peter said...

Would people who earn minimum wage (or thereabouts, obviously libertarians oppose minimum wages) be able to "enjoy a comfortable retirement"?

Mark Wadsworth said...

People who deride the taxpayer-funded welfare state without simultaneoulsy addressing taxpayer-funded pensions are like comedians who are brave enoughto make jokes about Christianity but not brave enough to make jokes about Islam.

Where is the natural law that says that people shouldn't work until they drop? The idea that nearly a third of all adults in this country are too old to work is faintly ridiculous.

Guthrum said...

Both of my Grandfathers died withing six months of retirement, making they the perfect stooges for the 'Welfare' State. They were compelled into paying into a scheme that never benefited them.

Both were prolific savers as people were then, and had enough off their own back to suuport themselves into dotage. Had they not been systematically fleeced by the State Ponzi scheme, they would have had sufficient funds to support themselves and their widows without recourse to the State for decades.

The bit you don't get Mark is that it is about personal choice, not being compelled to work to prop up a descredited welfare State.

Microsoft Office 2007 said...

NEVERTHELESS, THE CIVIL LAW is and must be neutral about who has a more noble or rewarding faith. The breakaway parishes ought to win every Office 2010facet of the lawsuit not becauseMicrosoft Office 2010 their beliefs or their politics are better, Microsoft wordbut because both lawOffice 2007and equity, along with common sense, are on Microsoft Officetheir side.Microsoft Office 2007 Not only does Virginia state law (the Division Statute)Office 2007 keyexplicitly apply to just such a Office 2007 downloadsituation as now exists, but the history Office 2007 Professionalespecially of The Falls Church argues against the claims of Outlook 2010the Virginia Diocese with which theyMicrosoft outlookhave disassociated.Microsoft outlook 2010First, The Falls Church wasWindows 7 founded, formed, and developed long before the diocese, or the national Episcopal Church, even existed.