Re: Inflation
Posted: Fri Jun 17, 2022 11:33 am
Factor in storage costs, insurance, and sell-on fees. Personally, if I was minded to invest in gold, I'd be more inclined to just go with an ETF.
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Maximum state pension is below minimum wage, but feel free to begrudge them, and support strikers earning three times more. Good luck to you when you can't work and rely on the state.Long slender neck wrote: ↑Wed Jun 22, 2022 8:26 pm Pensioners to get 10% rise as triple lock restored.
How many of them moaning about strikes will gladly pocket this?
Think thats why you young lot will be working till you're 75 , give you time to pay back some national debt & then get a retirement allowance when you are no longer able to trust a fart .Long slender neck wrote: ↑Wed Jun 22, 2022 10:34 pm Why would pensioners get a wage? What hours are you basing that on?
I'm basing it upon the 35 years they've worked paying National Insurance contributions. If you pay National Insurance you might want what you've paid for too one day.Long slender neck wrote: ↑Wed Jun 22, 2022 10:34 pm Why would pensioners get a wage? What hours are you basing that on?
Assuming you are a 23 year old doing a 35h hour week, minimum wage is £9.50 an hour, that's £332.50 a week.Long slender neck wrote: ↑Wed Jun 22, 2022 11:10 pm You said the state pension is less than minimum wage. How have you worked that out?
This pitting ordinary workers against pensioners is exactly what they want. Have a word with yourselves.Chelmsford Swimmer wrote: ↑Wed Jun 22, 2022 8:40 pmMaximum state pension is below minimum wage, but feel free to begrudge them, and support strikers earning three times more. Good luck to you when you can't work and rely on the state.Long slender neck wrote: ↑Wed Jun 22, 2022 8:26 pm Pensioners to get 10% rise as triple lock restored.
How many of them moaning about strikes will gladly pocket this?
Do you think private pensions give away free money to the olds ?
The universal principle on pensions should be retained. Simply because pension income isn't wealth and owning a mortgage free home isn't an asset worth worrying about. Besides the "well off" pensioners have contributed toward their state pension and continue to fund them through taxation.Petrov788 wrote: ↑Thu Jun 23, 2022 8:34 am There are certainly pensioners that need a boost, it should be means tested where possible. There are plenty of well off pensioners, on asset wealth alone. They do not have mortgages to pay and they can acquire more capital against their houses if needs be
The proposed raise isn't a boost though, its a bribe and most of the raise will only make up the cuts from the previous corona virus hit years. The tories excel at this particular trickery. See police, hospital and nursing number claims - they are without shame.
If they are on a bare pension only they will be entitled to pension credits so you need to figure that into your totally irrelevant comparison.
I completely agree, our pensions are shocking. Diabolical, and it is a scandal. But you have to see Tory carrot dangling for what it is. Divide and rule, and just before 2 by-elections they are tipped to lose. I've already seen people make arguments that workers can't have pay rises because how else will we pay for improvements to pensions. If x money goes to pensioners, x amount can't go to others etc etc.Max B Gold wrote: ↑Thu Jun 23, 2022 9:35 amThe universal principle on pensions should be retained. Simply because pension income isn't wealth and owning a mortgage free home isn't an asset worth worrying about. Besides the "well off" pensioners have contributed toward their state pension and continue to fund them through taxation.Petrov788 wrote: ↑Thu Jun 23, 2022 8:34 am There are certainly pensioners that need a boost, it should be means tested where possible. There are plenty of well off pensioners, on asset wealth alone. They do not have mortgages to pay and they can acquire more capital against their houses if needs be
The proposed raise isn't a boost though, its a bribe and most of the raise will only make up the cuts from the previous corona virus hit years. The tories excel at this particular trickery. See police, hospital and nursing number claims - they are without shame.
The level of pension in the UK is the real scandal and steps should be taken to increase it over time to match what the govts of Germany, Holland, France Spain etc pay as a percentage of the average wage.
Yes it's carrot dangling coupled with the cake is only a finite size argument but that wasn't my point.Petrov788 wrote: ↑Thu Jun 23, 2022 10:54 amI completely agree, our pensions are shocking. Diabolical, and it is a scandal. But you have to see Tory carrot dangling for what it is. Divide and rule, and just before 2 by-elections they are tipped to lose. I've already seen people make arguments that workers can't have pay rises because how else will we pay for improvements to pensions. If x money goes to pensioners, x amount can't go to others etc etc.Max B Gold wrote: ↑Thu Jun 23, 2022 9:35 amThe universal principle on pensions should be retained. Simply because pension income isn't wealth and owning a mortgage free home isn't an asset worth worrying about. Besides the "well off" pensioners have contributed toward their state pension and continue to fund them through taxation.Petrov788 wrote: ↑Thu Jun 23, 2022 8:34 am There are certainly pensioners that need a boost, it should be means tested where possible. There are plenty of well off pensioners, on asset wealth alone. They do not have mortgages to pay and they can acquire more capital against their houses if needs be
The proposed raise isn't a boost though, its a bribe and most of the raise will only make up the cuts from the previous corona virus hit years. The tories excel at this particular trickery. See police, hospital and nursing number claims - they are without shame.
The level of pension in the UK is the real scandal and steps should be taken to increase it over time to match what the govts of Germany, Holland, France Spain etc pay as a percentage of the average wage.