Night Tonic wrote:Withdraw your labour with what solution? Its a simple enough question buddy. What do you do with the deficit??? Who pays for it??? If you have no solution to that then you have nothing to counter RM's proposals. Strikes me that grass roots are well and truly in the mud.
Sorry thought I made it plain enough, to repeat , no cuts to the pension. Got it.
This yo yo deficit RM seems to be fooling a lot of people with, maybe, needs closer inspection before people simply accept it as gospel.
The so called deficit is in part arrived at based on figures provided by actuarial assumption,or put another way, think of a number,then guess.
The so called deficit is calculated on the assumption that the pension fund closes tomorrow, ie no further contributions whatsoever and all benefits are paid immediately. Realistic?
It's looking like this fabled deficit is a statistical mirage.
As for the excuses offered ,your living longer- who is? blue collar workers on low incomes with inferior housing and diets{generally speaking} with a physically draining job and anti social hours
Poor investment returns- well the FTSE is at a five year high ,banks are posting record profits despite sub prime write downs, property has never been valued so high,so just where have they been putting our money to achieve such poor returns. Whatever,thats their problem I don't intend to let them make it mine.
Likewise ,tax changes meant enforced contributions holiday for 17 years ,govt caused this so called problem, they can sort out their own mistakes I do not want to pay for their cock ups.
Who pays for it? The same people who pay for it now, us earning money for RM. All RM's proposed changes are an attempt to reduce their contributions, they admit it. It's not hard, we earn the money they want more of it as profit instead of paying you what they promised.
Enough counter arguments for you?
Grass roots thrive in mud,be lost without it.
I'm not your buddy, don't know you well enough
