I think the fella making the leftist rant had a point.
Yes we're paying more in taxes, but we need to because a) Health and social security costs are going up much faster than inflation b) Inequality has risen massively in the last 30 years, especially in the last 5 years. So more of our...
To me the solution to this has got to be phased transitions into retirement.
The set up should be that when someone reaches 65, their employer can legally reduce their hours to say 16 hours per week. At 70 to 72 then normal retirement as we know it kicks in and state pension starts.
I don't...
You're right of course. But what needs to be avoided is a Japan type situation where there's not enough working age to support the elderly.
Pension ages will have to rise. Early 70s feels about right. The idea that people are used to that you can have on average a 20 year retirement isn't...
We are very very lucky that young people from around the world want to come and set up their lives here. Without that the pension system would increasingly have fewer working age people to support the oldies in their dotage.