@Artemisfornow What is public money and where does it come from? What's the correct question here: Can government afford whatever it can do, or can it only do whatever it can afford? We've fasely assumed the latter for decades and all it's brought us is decline. https://t.co/vx4m8LvvCP
@andie52@wham52@linmeitalks The ‘so?’ Is that this completely unsustainable, and without an extraordinary economic boom will eventually bankrupt the State. Pension growth should be pegged to wage growth and only wage growth; otherwise the required tax rises will collapse an already decrepit economy.
@wham52@linmeitalks The triple lock ensures that the majority of pensioners will take out nearly twice the amount they paid in, at an ever increasing costs to young workers who have to deal with flatlined growth, stagnant wages and insane housing costs. It is neither fair nor sustainable.
@TStafford14961@IainDale Should? They haven't for over 20 years now. And with increasing geopolitical instability, the UK is very exposed to supply shocks that will result in more inflation spikes. All while GDP and productivity growth continue to flatline.
@TStafford14961@IainDale No. Wages only. We no longer live in a world where wage growth outpaces inflation, so in a double lock system pension growth will continue to unsustainably outpace wage growth.
@IainDale State pension growth must be pegged to wage growth and wage growth only. This is the only way to make it sustainable in the long term, and will incentivise governments to further protect the interests of workers.
@Soubriquet_@PensionsMonkey The triple lock ensures that, in the medium/long term, pension growth will alway outstrip wage growth. This is complete unsustainable. Income tax is crippling as is, and this dynamic only ensures that it increases in perpetuity.
@luvwinsresist@1mysticalginger@briebriejoy You clearly don't understand Tourette's, otherwise you wouldn't be demanding that he apologise for something he can't control. This is the whole point. Would you also demand that a MND patient apologise for dropping a glass or something? Try to have a bit of charity here.
@luvwinsresist@1mysticalginger@briebriejoy Please please watch ‘I swear’. Just please educate yourself on Tourette’s syndrome, and then maybe you’ll start to a have a bit of sympathy for the the hell John Davidson has had to live with his entire life.
@IterIntellectus Such an odd simulacrum of a man. Every word betrays a soullessness rare even among his peers. Perhaps the closest thing society has produced to a living portrait of Dorian Gray.
@hasanthehun Can you stop using the word ‘agitprop’? I think you think it sounds cool because it’s a Soviet thing but you clearly don’t know what it means and it’s embarrassing. (Though tbf everything you do is embarrassing, I don’t know how you can show your face anywhere)
@Sargon_of_Akkad@Louise_m_perry@BretWeinstein Not even in the top 5 factors. Birth rates plummeting in countries that have nothing like the state pension provisions of Western countries. And if young people think about the state pension as all, they’re often just questioning its sustainability.
@RobinHill85@elonmusk He would never fix this. Elon is squarely on the side of undercutting US/EU nationals for cheap foreign labor. He complains about low birth rates but is doing everything he can to ensure it continues.