1. Why do we all think that announcements and new policies are leaked to the press ahead of time? Gauge the nation. Roll back before announcing anything unpopular.

  2. Cameron won the 2015 election with a triple lock. Theresa took away the triple lock and she was punished for it in 2017.

  3. My mother gets a pension. I pointed out that while I had to battle to get a 2.7% increase she would likely be seeing 8%. Her response; "what's the triple lock?"

  4. That entire generation has been handed so much on a plate that they have become convinced that not only must they deserve it, but that anyone who is struggling must be incredibly lazy, what with all the handouts being provided.

  5. The triple lock should go, but only in as much as the guaranteed 2.5% rise should be binned. If there's lower than 2.5% inflation and nobody else is getting a pay rise, why should pensioners?

  6. The inflation lock is far and away the most dangerous part of it. We need it to be a wage lock and nothing else.

  7. I agree, but other things should go first. Non-dom status, Investigate the covid fraud and Windfall tax. It is not a case of pensioners V's Benefits yet: it is a case that they are protecting the rich. Don't get side tracking into inflicting damage only on ourselves when they is so much being dodged by the wealthy.

  8. Good point pointing this out; it falls under Noam Chomsky's 'The smart way to keep people passive and obedient is to strictly limit the spectrum of acceptable opinion, but allow very lively debate within that spectrum....'

  9. Its now a case of paying down the debt as the monthly interest is killing us. Add up the education budget and the home office budget..thats how much we spend to maintain the debt without paying a penny of it off.

  10. Thank you - that's it. That's the problem with this country - we're all encouraged to drag each other down. Like crabs in a bucket.

  11. People rightly saying that old people vote in larger proportions than younger people. Whilst true, it also misses the point that the over 65’s are the largest single demographic there is. If all young and all old people voted, there would still be a bias towards older voters.

  12. Don’t get tricked into the latest race to the bottom. We should be asking more from the highest earners and corporations in order to support pensioners and raise nurses wages. We should not be angry at the elderly for getting £200 per week. We should focus on corrupt institutions paying politicians to ensure they can make millions of pounds tax free

  13. This is rather flawed logic. I myself am not the highest earner (just a junior), but I work around highest earners and their current sentiments are very dangerous. You have them compare the UK to other countries where they could relocate easily and they look comparatively at the tax burden, which in the UK is the highest. Some of them will just relocate if you increase the taxes further (they are already considering it) and you would not want that.

  14. Remove the minimum of 2.5%, but add a "cannot decrease" rule (effectively a "minimum 0%").

  15. Along with the disabled, they’re the most vulnerable group unable to increase their income vs inflation.

  16. There is absolutely zero chance it is still in place for those currently of working age. Might as well cut it now while we need the cash

  17. By the time the young get old enough to retire the retirement age will be so high they will be lucky to get anything at all.

  18. Removing it now will save us up to £10bn next year, plus make the public finances more sustainable over the longer term, so we don't have to constantly raise taxes on workers

  19. I've been working for a few years now and have fully accepted I won't have a state pension. If it survives another 40-50 years for me to even begin to benefit, I'll be shocked.

  20. Not really because a large generation can bring in unsustainable large increases to the state pensions just as they are retiring like the boomers did.

  21. The answer is to transfer the triple lock to the LTA so that young people can save for private pensions, and reform the welfare state so that it ceases to be a Ponzi scheme.

  22. A lot of the working population today will rely on the state pension to survive, I am one of them. I would say the rising of the age from 60 to 68 was already a major money saver, I would rather they reduce the age and pay less, but that will never happen.

  23. Would you apply it to current pensioners? Would you means test their current status? Where would you set the means test? How would you deal with massive cut of income for those who's lretirement is planned around both? Or would you only apply it to thos not retired yet? Or close to it?

  24. Absolutely agree. I wouldn’t want any pensioners struggling or suffering but in my family, one generation above me, there are 5 people who all retired considerably early on vast private pensions that are now looking forward to ticking over to that special age with essentially ‘old lady bonus free money’ as they have called it.

  25. Because if you means test it, half the population will turn around and argue that it's just feckless lazy People who didn't work enough (or for enough) and so don't have a big enough private pension who get it and it will be steadily diminished as just more scroungers stealing off the state.

  26. We are literally paying every month in NI payments to qualify us for the state pension. Its part of the deal, you pay in, it pays out. If you dont pay in, you dont get

  27. I actually disagree and think we don't have enough universal benefits and too many means tested ones. There is fuck all incentive to advance in the uk, especially considering student loan repayments, withdrawal of child tax credit, other such things affecting effective marginal taxation. I'm not eligible for UBI because I've saved money in government incentivised schemes for example (Lisas). The tax and benefits system is perverse.

  28. I don't know enough about pensions to form a proper opinion, but means testing is expensive and is often as much as or more expensive than the savings you make not paying out to the well off.

  29. Means testing is a horrible policy. It creates unnecessary overhead and generates resetment towards the system.

  30. To be fair, there is a difference between the state pension and benefits: people paid for their pensions when they were working.

  31. Over the last couple of decades there's been some massive changes to the state pension, it's one of the most affordable in the OECD.

  32. We spend £114b a year on benefits for pensioners. It's entirely unsustainable, terrible for the economy, and one of the first things we should be slashing, even in 'good' times.

  33. I'm glad you included that third paragraph because by half way through the second i was thinking you were a right jealous and bitter so and so

  34. Many socially conservative people believe that true British culture resides predominantly, if not near-exclusively, in the native elderly, and thus their interests must be prioritized above other demographics - notably the youth, who have been corrupted by wokeness, internationalism, globalism, CuLtUrAl mArXiSm, and a penchant for fraternising with foreigners and adopting parts of their cultures.

  35. You aren't wrong, 1 in 4 UK pensioners are millionaires. The pension triple lock is monumentally expensive and generationally unfair.

  36. The argument that our only options are to cut public service X or benefit Y is one made in bad faith based on the presumption of taking the path of austerity.

  37. We haven't come close to austerity yet, most of the post-2010 cuts were reductions in future growth, not actual cuts -

  38. State pension is like 630£ a month. That is already a ridiculous low amount. If it wasn’t for the triple lock pensioner would literally starve.

  39. I agree but only in conjunction with an increase in pension credit because that is means tested and the state pension is not.

  40. I totally agree. What 'you're missing' is that those of pension age vote in FAR higher numbers than other age groups, particularly young people. The boomers are also a large generation; so they are a HUGE share of the vote, and surprisingly they heavily vote Tory, so the Tories are unlikely to upset their core, and Labour if they go against it can be accused of not caring for the elderly etc, and also it puts those people of voting Labour.

  41. Old people, unlike young ones, never forget to vote. It only makes sense for politicians to appease people who decide if they have a job or not.

  42. Repeal state pension and replace it with means tested pension credit of £1000 a month. For every £1 of earnings (from private pension/work) above £1000 they'd lose 50p of their pension credit.

  43. I always wonder how many of that generation actually rely on the state pension, and how many have good DB/DC pensions of their own, or lots of money tied up in equity of oversized houses.

  44. The triple lock is arguably one of the most unsustainable policies ever created. Sure, it was great during the unprecedented 90’s growth but it should have never been a permanent feature 🙄

  45. Because a lot of people will get old one day, then you may be thankful for it, especially after paying NI for all them years.

  46. Lol exactly. So many giving the "why should I pay for them" whilst forgetting who paid for their school, who paid for their childhood vaccinations, and who will pay for them when they are older

  47. Honestly feel like I’m going insane looking at these comments acting like all pensioners are ultra rich when that’s obviously not the case

  48. Honestly. I'd probably bundle state pension into the UC system. Basically, it's a universal basic payment, same for everyone, only difference is people over retirement age would not be expected to search for work.

  49. Reducing financial assistance to pensioners just puts the financial burden on their families, which for a lot of us is already happening due to care costs etc.

  50. I'm not talking about removing financial assistance from people who need financial assistance. I don't want a single pensioner in need of help or assistance to lose out. But not every pensioner needs help; why should they be given taxpayer money that could be spent on those in need instead?

  51. The trouble with debates on pensions is it's often framed as an "us vs them" zero-sum game between current pensioners and the youth of today - but it's not. If you live long enough, this is a benefit that you will recieve.

  52. Keeping triple lock for next 40 years is simply not a sustainable proposition - you cannot have pensions growing at rate that outpaces wages (primary way government is raising revenue) forever.

  53. Honestly - what it comes back to is: there are huge amounts of money and wealth out there. We just need to take it from billionaires, multi millionaires and massive corporations.

  54. First of all, private pensions for the people of pensionable age now, were very few and far between in low paid jobs in the 80’s etc. This means that a very large percent of new pensioners rely fully on the state pension. They can only get this after over 30 or forty years of compulsory PAYING into it, it’s not a benefit, it’s been paid into through the national insurance stamp every week or month They are mostly too old to top up funds by working and many being from a lower working class environment, haven’t had the advantage of procuring stability for their later life. So to answer your question: If you take away the little that pensioners have to give to the able bodied younger generation, you will in effect be leaving the lowest and hardest working class destitute. Just remember the pensioners now are ones that mapped the way for the younger generation to have a better life. Maybe set pension age at 60 and make the younger generation get off their lazy backsides and do a proper days work. The economy will thrive and benefits will be cut saving millions of pounds that can be used to cut tax.

  55. Here is a radical idea: Abolish state pensions entirely. Announce that in 10 years time pensions will be slowly taper down by 10% for newly retired every year after 10 years notice. Make it mandatory to contribute no less than 8% of your gross income to private pension and remove pension caps. For low earners in full time employment govt should top up their pension pot up to the minimum annual amount everyone must save. This then frees £120B that can go to NHS, police and education minus whatever pension boost will be required. We all know state pensions are unsustainable and millennials won't benefit from it, so exit plan needs to be planned now.

  56. I want people like your parents to get all the support they need too. My father will soon be a pensioner and is lucky to even have a roof over his head: he needs more help not less. And my mother is a pensioner and is only doing okayish because of her inheritance. Nothing should be taken from people in those positions. But the country cannot sustain giving special treatment to those who don't need it just because they happen to be retired.

  57. They would but their university/landlord take all their as it is. I was comparing the cost of my uni life 20/25 years ago to my colleague's daughter's and the difference is mind boggling.

  58. The full state pension is less than £10k a year, already not much to live off. How are people supposed to plan for retirement if their pension can be diluted to nothing by inflation?

  59. OP seems to think that "taxes on unearned income like landlordism and stocks and shares is obviously preferable" Do you honestly have any clue how many vulnerable people are housed by landlords when the councils cant cope? How much of my pension is bound up in those shares? This horrible rich people are the ones creating the wealth.. everyone else just consumes it..

  60. I do wonder if the triple lock is somewhat negated by the current condition of the NHS, are they dying off in greater numbers anyway as a result?

  61. It won't happen (I do agree with you though) Pensioners vote in their droves (80-90% age:65+) in the last GE, unfortunately, a lot less working people / young people vote (<60% age:35 - 44 ) so they're always first in the target demographic to take the hits. Also the older generation are more vulnerable to cuts and we can't have them dying (if they're in a care home Boris says it doesn't count)

  62. All civil servant/public salaries, all benefits, the minimum wage (which should be the same as the Living Wage), and state pensions should all rise by the same amount, which should be equal to or above inflation each year.

  63. I think rather than removing the pensions triple lock, I'd like to see the same triple lock principles applied to things like the minimum wage, or energy price caps. But I appreciate you're talking about a different issue of "where to make cuts".

  64. Because many pensioners ARE totally dependent on the state pension. And whatever the % turns out to be, an ACTUAL amount of extra money is needed to pay increases in bills, not a %. If MPs require £2200 p.a. extra money to cover their bills so does EVERYONE else, regardless of what % increase of their current income that turns out to be.

  65. Because a promise was made and to renege on a promise is to practice deceit. Some people got ‘lucky’. Not me but I’m certainly not going to advocate that luck should only apply to me.

  66. First time buyers, normal families, basically all those who are currently priced out of the market due to Buy to let?

  67. It’s the wrong question, the real question is why use cuts when we’ve consistently lowered taxes on the wealthiest for ten years without results? Reverse those tax cuts and we’re back into the black.

  68. Because hundreds maybe thousands of old people will die. They can't go out and get another job. They might have health issues meaning they can't move around much and need to keep warm.

  69. To have an opinion on ‘if there is going to be a tax cut, surely X area would be the first choice to tax’ and to answer that, you need to know what is taxed already, and in what amounts. One would then apply subjective moral and subjective economic reasoning, which is completely up to that individual’s personal morals and goals for society

  70. Should not all benefits go up with inflation? Is that not fair? If the Pound is buying less than it used to, then people on benefits need more Pounds. On the other side if inflation is higher does that not mean that the Gov tax revenues are also higher?

  71. Alot of them have voted for the Cons, despite the well reported affects of austerity. Its only fair they do some heavy lifting too, they’ve voted Tory in their droves. What did boris say? Dems the breaks?

  72. I and everyone of my generation who can is acting and planning under the assumption there will be no state pension at all.

  73. When considering this ( which seems a fair question at least to me) it s worth knowing precisely how much we are talking about. The maximum state pension currently is £9,627.80 a year if you have paid national insurance for 35 years. I believe if the 10% inflation is applied it will be just over 10,000? I can’t actually work out what happens if you haven’t paid enough NI contributions or have only had universal credit?

  74. Has means testing ever been based on wealth? Usually its based on income. Generally, pensioners have no income. If you want to rearrange the system so that it means tests you based on wealth rather than income you can kiss good bye to all sorts of stuff (tax brackets, child benefits, tax free childcare, access to NHS dentists)

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