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Rely on the State (UK) and you will die poor

  1. Oct 27, 2005 #1

    GENIERE

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    The Times October 28, 2005
    Rely on the State and you will die poor, figures show

    BY NICOLA WOOLCOCK

    … half of working age people will rely solely on the State in their old age, according to government figures published yesterday that reveal the full extent of the pensions crisis.
    .
     
  2. jcsd
  3. Oct 27, 2005 #2

    Pengwuino

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    ..... oooook....

    does this series of words have a website associated with it?
     
  4. Oct 27, 2005 #3
    The figures may show, but I'm having trouble seeing the figures themselves...need links.
     
  5. Oct 27, 2005 #4
    A link would be nice.

    I remember an argument that the UK pension privatization is similar to Bushco's idea for SS.
     
  6. Oct 27, 2005 #5

    Pengwuino

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    Well the way its going we're never going to find out. And I had no idea Bush was actually a corporation. Sounds very immature.
     
  7. Oct 27, 2005 #6
    Bushco=Bush and company. He rarely makes decisions, he is manipulated by his handlers. It is inaccurate to characterize his decisions as his own so I use the term Bushco.

    Harriet Miers is a good example of why he rarely makes his own calls.
     
  8. Oct 27, 2005 #7

    Pengwuino

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    Tell that to the liberals on this board, they'll eat you.
     
  9. Oct 27, 2005 #8

    GENIERE

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  10. Oct 27, 2005 #9

    Pengwuino

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    Never understimate our laziness
     
  11. Oct 27, 2005 #10
    There are worse fates than being eaten by a libleral.:tongue2:
     
  12. Oct 27, 2005 #11

    Pengwuino

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    Yah, like being attacked by a mob of little festering drooling children.:surprised
     
  13. Oct 27, 2005 #12

    GENIERE

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    Evo - Please delete posts 6, 7, 9, 10, 11
     
  14. Oct 27, 2005 #13

    Pengwuino

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    lol there we go turning threads into crap again
     
  15. Oct 27, 2005 #14

    GENIERE

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    and #13:biggrin:
     
  16. Oct 28, 2005 #15

    BobG

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    And the situation looks to be different in the US?

    Time Magazine - The Great Retirement Ripoff
    Past union victories haven't turned out as beneficial to employees as they might have thought.

    New airlines that aren't carrying around the same retirements benefits burdens as the old airlines are driving the old into bankruptcy - where the old airlines bail out of their pension obligations and re-emerge from bankruptcy more streamlined and better able to compete. Of course, the alternative is the company just goes out of business completely, once again leaving retirees holding the bag. Now, other industries are beginning to see how they, too, can be more competitive against a lot of their domestic and foreign competitors.

    That's one reason I liked the idea of 401(k)'s and other private retirement plans. Of course, the average person seems to cash theirs in every time they change jobs and never really build up a retirement plan (that's their fault).

    Suffice it to say, there will be a huge number of baby boomers relying on those Social Security checks, hoping future workers don't start electing Congressmen willing to cut Social Security benefits. I'm not sure how realistic that hope is.
     
  17. Oct 28, 2005 #16

    russ_watters

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    Agreed, agreed, agreed, agreed, and agreed. Did I miss anything?
     
  18. Oct 28, 2005 #17
    Pity about all those funds that invested in Enron.:frown:
     
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