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  1. #11
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    Jul 2016
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    If you retired early having saved enough more power to you, so did I

    If you are a public sector worker the numbers might interest you. Here based on a typical nurse or teacher earning £40000 to retire on pension of £20000 early. By retiring 10 years early you not only take £200000 more out, you also failed to make 10 years contributions of another £100000.
    That is 300000 you never paid, me the taxpayer has to. Just to get you to 67. It is sheer greed.
    Chances are you barely paid that in tax in your life.
    Add in the 20 years after that at 200000 costs 400000 and allowing for index linking in browns disastrous savings rate destruction.,a 20000 pension actually costs another 800000. In short if you have taken more from the system than you ever paid, you are a parasite. Added to Half the population that pays no meaningful tax, or are net recipients.
    Multiply that by 5 million public sector and we have a trillion pound problem.
    No wonder governments are short of money.Public sector are screwing it.

    All because brown destroyed return.

    Most teachers nurses and doctors retire at similar age. ( doctors pensions outrageous)
    They are not the worst offenders. Firefighters, police and MPs are worse.

    The rest of us get screwed in the zero sum game. Your pound taken out, is one less for those who earned your salary.

    As for “ my “ capitalism, that is the world we live in. You personally decide it every time you buy cheapest , or want better, fuelling the enterprise to fill demand. You buy from the enterprise that sells it better and cheaper. It is how the world is including you. I inhabit that world, and must survive in it.

    The pretence of alternative is intellectual hogwash that beggared billions of Russians , east Europeans, Venezuelans, Chinese before capitalism and so on.

    It is hypocrisy of those who are funded by capitalism to pretend they are not part of it.








    Quote Originally Posted by Steph View Post
    WP, re worries about steel imports from Eastern Europe or China, short answer is both as they do not adhere to EU practice thru production. Result DEATH.

    Oracle, various problems with cheap foreign labour, they send the money they earn back to their own country. and plan for the future e.g. QS with multinat uk co, with child, maternity ;eave, spends it in home country while building house in home country with hubby, then says ahm no comin back, nothing to do with leaving their country bereft of resource/talent just working the system as per the norm in the competitive world (including public service employees). Out for a run with my pal a couple of years ago, he's a blether, talks to any & everyone, we see a group of guys in hi viz around the elec pylons, turns out they are a group of phillipinos, they come over work for a few months, live in caravans, head home taking what ever money they can. I think this is a terrible way to live, away from family for months at a time, taking money out our system, oh but its capitalism, the system you love, oh and I'm 58 and retired.
    Last edited by Oracle; 05-07-2020 at 10:13 AM.

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