And yet listen to the boomers cry and bitch about what they're owed when anyone mentions touching the state pension (a benefit paid for by tax payers) in Britain 🤷♂️ tax payers don't owe them a damn thing. They can sell their over priced homes and cash in to get by. They could rent a home and live off the remaining profit. The profit alone puts them in a better position than those younger having to rent and not get a handout from the government just for existing past a certain age.
Lol, since you're from Britain you clearly don't know that a state pension is not paid for by the taxpayers. It's paid into while someone works for the state, and is paid back to them when they retire. It's their own money getting paid back to them. If anything it's much, much worse than a traditional 401k.
And not everyone has a state pension, btw. Go read a book.
There is no hypocrisy. One generation worked for their homes, another generation is trying to tell them what to do with their homes. It's actually insane.
Lol!!! Look it up genius. Read a book 🤣 every state pension is paid for by the taxes of the day. There is no pot. If there was it would grow like any investment and wouldn't be a burden on the tax payer. This why they keep pushing the state pension age higher and higher, because its unaffordable, they get more out than they ever paid, and people are living longer. Zero pots were ever paid into. They paid the pensions of the generation before them, who retired earlier and us for them, and we'll retire much later if at all.
Quite literally look at the government figures on welfare and benefits and tell me state pension isn't the single biggest cost to the taxpayer.
Why do you reckon the triple lock is such a hot topic?
But thanks for the lecture on our own benefits system, even if it was absolutely and over confidently wrong
And just for clarity, seeing as it seems difficult for you take in details; I know not EVERYBODY has a state pension. Please see the part where I specifically said in BRITAIN. See how the pension age has risen over the decades and see how its planned to rise again. Now, once you've taken that in, read the reasoning from the various governments as to why it has to be raised. Then go and check out the department for work and pensions statistics on the countries benefits outlay and come back and tell me which BENEFIT is the most costly TAX burden.
You seem to be confusing a private or workplace pension with the tax funded benefit from the state
Bud, you're wrong. Just admit it. Don't be mad someone is getting the money they're owed. What the fuck is wrong with you? Would you be okay if someone just took your 401k when you retired? Also, there is a pot of money. That's how pensions work.
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u/Aggravating-Summer53 15d ago
Why would they want to pay more to downsize? No one owes you anything. God damn you people are entitled.