In article , Tim Streater writes
When my Mom annoys me, I tell her I'm working to pay her pension, to which she replies, "quite right too!" :-)
OT. Ten percent.
Mar 18, 2013
103 Replies
In article , stuart noble writes
Nah, I'll book a ticket to Geneva and pay a visit to Dignitas.
All political parties are similar. None, have any real power and, all are dependant upon banks. Sadly.
These swings in the currency are DELIBERATELY engineered so that those in the know can make a fortune at everyone else's expense.
Hear, hear.
Says the man who got educated out of other peoples taxes.
In theory my parents paid the money for my schooling and health care. If I had kids I assume I'd be paying for theirs but as I don;t I assume I' m paying for someone else's or perhaps the money is going out of the countr y as a friend of mine who has kids in portugal sent his wages and allowanci es to his misses in Lisbon, he shares a flate with 3-5 other people sharing two rooms.
Saw some Cypriot gov official on the box, the new idea to raid pension funds for the money.
Now where have I heard of that one before?
On Wednesday 20 March 2013 17:02 harry wrote in uk.d-i-y:
Didn't the last bloke to do that overtly fall off a boat and drown?
When did Blair do that?
When the basic rate of income tax was something like 32p.
He means Maxwell. Though he wasn't the last one.
He didn't, nor did his sidekick Brown.
MBQ
What, drown? Unfortunately you are right. But Brown did do a raid on UK pension funds.
No, you are.
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If you reckon that it would be reasonable to get 5% interest on your savings and instead you're getting 0.05% or somesuch silly rate, you'll be 10% down after a couple of years.
We pile up assets in the hope that down the line the next generation or two will take them off our hands in exchange for some of what they produce. If they don't we'll starve.
It was a rhetorical question in response to a comment that nobody was paying their way.
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QE has reduced the value of (y)our savings by far more than 10%. The only difference between QE and what the Cypriot authorities are doing is that the latter is more blatant. Either way, the State is stealing your possessions for its own ends.
He did not raid any funds. He altered the taxation of the returns of those funds.
MBQ
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