Millennial? Don’t expect a state pension.

Hahahahaha, Ponzi schemes.

A report published this week signalled a grave financial future for young Britons.

It claimed that the pot of money the Government uses to fund state pensions will run out 20 years earlier than expected. As a result, the report’s author, Michael Johnson of the Centre for Policy Studies, a think tank, is urging those in their 20s and 30s to plan for a retirement without an income from the state.

The findings cement a hunch that experts in the field have had for years: that the state pension’s funding position is in serious trouble. The National Insurance (NI) fund has long been shrinking, because an ageing population means fewer people paying in through NI contributions, and more people withdrawing money through state pension payments. But alarmingly, the report says the NI fund will bleed dry next year, much faster than anyone had previously admitted.

The disclosure throws up a host of questions, to which I’m genuinely frightened to know the answers. What state provision, if any, can younger generations realistically expect in retirement? If NI is scrapped, does the Government have a solid plan B in mind? And if we’ve been lulled into a false sense of security by politicians, could the other pension promises they’ve made prove just as flimsy?

It is extremely unlikely that the state pension will be scrapped altogether, and Mr Johnson is confident that older workers’ pensions will be safe. He outlines two possible courses of action for when the NI pot has reached a critical level. Either the state pension is drastically watered down for the young, or people in Britain will face higher taxes, the brunt of which will hit “Generation Y” (those currently aged 18‑33).

dis gonna be good anticipation pull up a chair listen watch

Both of these roads are unreasonable, Mr Johnson argues. Younger generations already face unaffordable housing, university debts, fragmented careers and earnings stagnation, and far thinner occupational pensions than their baby boomer parents.

Why is that? Hm? Hmmm?

Clearly, the future financial security of young adults is under threat. But the country can afford no more debt, and we must cut our coat according to our cloth. If taxes must be raised, or benefits cut, then my generation will have to take the blow. Given this, the very least that policymakers responsible for messing up the maths could do is emerge from under their rock and present to us a truthful projection of where our pensions are heading.

Because at the heart of what’s gone wrong here are some seriously flawed equations, which have until recently been buried in dense documents, presumably so sleep-inducing that no one could be bothered to read them.

The size of Britain’s NI fund has been calculated using long-term economic assumptions including real earnings growth of 2.4pc a year above inflation on the consumer prices index (CPI) measure.

But average earnings have actually fallen by 11pc below the CPI since just before the financial crisis in 2008. This means the projections for the fund’s size are way off the mark and severely lack credibility.

Despite all this, politicians continue to pay out higher state pension payments to older generations through the “triple lock”, which promises an annual income increase in line with wages, prices or 2.5pc (whichever is highest). The Liberal Democrats have proposed new laws guaranteeing that the annual state pension will be at least £790 higher by the end of the next parliament, for example.

But if the state pension is really on the brink, as Mr Johnson suggests, one has to question quite how any government could afford to keep such promises, without further jeopardising younger generations’ state pensions.

They don’t care about you. Us. They never did. They’ll be dead by then.

We can’t accurately predict the state of the British economy in 40 or 50 years’ time. But we do know that young people’s state pensions are extremely unlikely to be as generous as today’s. So why are we planning our private pensions around the false hope of a generous, flat-rate state retirement income that’s probably on the verge of extinction?

My generation has been dealt a poor hand financially. But it does have a trump card: youth. To stand a chance of retiring in comfort, my generation must be given the facts we need to plan ahead and be financially self-reliant in old age. The time to take personal responsibility is now, before it’s too late.

Since when did our generation care for personal responsibility?

Pension entitlements make up as much as the NHS in size

Here we go, here we go, here we go….

“Politicians must wake up to the size of the debt time bomb in the UK. Older generations have voted themselves benefits that will indebt future generations, meaning crippling tax hikes for our children and grandchildren.

“Very significant spending restraint and reform of entitlements will be required in the next parliament and beyond to get our debt levels back under control.”

Their hand will need to be forced

…The solution? Government spending must be cut by 25 percent they say – and that would just hit the debt targets and not touch tax cuts which many argue are needed for expansionary economic policy.

The report suggests areas where reforms could be made to meet these targets, focusing on healthcare and pensions. They advocate changing the eligibility for pensions and healthcare by raising the state pension age further and linking increases to increases in the cost of living. They say it may also be ‘inevitable’ that pricing or charging for some aspects of healthcare be introduced.

In addition, replacing the state pension with a compulsory, private defined-contribution pension arrangements – which have succeeded in Australia – should be considered, they argue, saying that a compulsory healthcare insurance system would also benefit future generations.

But the problem with this lies in a cultural ideology, as Bourne explains:

“If we are to avoid crippling taxes on a shrinking working population to pay for this, it’s clear that significant spending restraint and reform of health and pensions will be necessary.

“This requires a level-headed debate, in particular about how we deliver healthcare and whether a free at the point of need NHS is viable in the long-run. Unfortunately, this debate is so often closed down by institution worshipping ideologues who do not want to discuss fiscal reality”.

Congratulations, Baby Boomers. You caused this entire mess and you’ll suffer for it.
The young will choose NHS, I think.

The Female Total Attractiveness-Age Curve

Originally posted on Chateau Heartiste:

A reader passed along this graph, but I don’t know the source. It looks like a graph cobbled together by a feminist or feminist-friendly manboob trying to artificially extend the sexual market viability of aging beauties. See if you can spot the category errors.

The Y-axis is “percentage of potential”, which presumably means the percentage of maximum potential beauty that a woman at a given age possesses. So, from the graph, a 15-year-old teenager has achieved 40% of her maximum potential beauty. A 50-year-old woman is on the downslope of her beauty curve and has 85% of her maximum potential beauty remaining (*snort*).

The three lines are “external attractiveness” (physical beauty, which is pretty much the kitten and caboodle), “internal attractiveness” (aka inner beauty, which counts for a little), and “combined attractiveness” (the total attractiveness of a woman after her outer and inner beauty have been factored together).

If you…

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Contagious cancers in humans? STCs?

I know it’s Guardian but this one is science.

In full;

Transmissible venereal tumor (TVT) is an 11,000 year old cancer, says Dr. Elizabeth Murchison, lead researcher with Wellcome Trust Sanger Institute. They decoded the DNA of the tumor taken from an affected dog and not only discovered the cancer’s historical age, but also its origin, a husky-like primitive canine. The cancer literally “jumped into other dogs”, transforming (or mutating) a million times over the centuries. TVT is a sexually transmitted, highly contagious cancer. The question is raised, are there contagions that cause cancer in humans?

“The genome of the transmissible dog cancer will help us to understand the processes that allow cancers to become transmissible,” said Prof Sir Mike Stratton, Director of the Sanger Institute.

Helen Briggs with the London BBC says, “this ancient cancer existed in an isolated group of dogs until only 500 years ago.” The most supported explanation is that our early sea-faring explorers, who were often accompanied by hunting dogs, came into contact with the infected canines. When they were discovered, the travelers either boarded these dogs on their ship, or the infected dogs mated with the travelers’ dogs prior to their departure.

So how does this translate for a human’s health?

The American Cancer Society makes it very clear that a healthy person cannot catch cancer from someone who has cancer. Researcher at the ACS say there is no evidence that proves cancer can spread by close contact, sharing utensils, or walking in the same vicinity as a sick person.

No evidence isn’t the same as impossible.
It means you haven’t studied it, because ethics.

However, cancer causing organisms can exist and increase your chances of acquiring the disease.

Carcinogens. They don’t increase the risk, you catch them, or you don’t. When you do, they might trigger or cause cancer.

The viruses that have proven to be associated with various cancers are the human papilloma virus, Epstein-Barr virus, hepatitis B and C, herpes simplex virus, and human T-lymphotrpic virus-1.

That list is WAY, way too short.
Browse this: and consider how likely it is to be the tip of the iceberg. “Some estimates currently attribute 15% to 20% of all cancers to infectious pathogen causes.
Why don’t they like admitting this? Antibiotics, Doctors’ BFF, have downsides, who knew?

The viruses named are only some of the organismal agents that increase your risk of cancer. There is also a bacterium, Helicobacter pylori, that has been linked to stomach cancer. Not only has the H. pylori bacterium been found associated with this disease, but in 80 percent of stomach ulcer cases, H. pylori is the cause (2005 Nobel Prize for Physiology or Medicine winners, Dr. Barry J. Marshall and Dr. Robin Warren). It is not exactly known how the H. plyoi bacterium is spread, but some actually view this as proof that some cancer can be contagious in humans as well.

It could get there literally at any point, from birth, food, eating with the fingers……….

Finally, the last cancer causing (or influencing) organism on the list by the American Cancer Society is the parasite. Because there is not much information on the ACS’s website for this correlation, Dr. Simon Yu explains her take on parasites, inflammation and degenerative disease. Many doctors have known for a very long time there is a relationship between infection and cancer.

Could’ve fooled us.

Yu introduces Jean Marie Houghton, MD, Ph. D from the University of Massachusettes Medical School who has found that infectious microbes are hidden by inflammation, and in this toxic environment cancer cells can grow. Low-grade fever is one of the signs of infection, but this can be overlooked for a number of years leading to disease and chronic illness like cancer.

There is a bridge between Dr. Simon Yu’s research and the research done at the American Cancer Society. The ACS clearly states that the effect which germs play on cancer in people is an indirect role. Germs will cause an inflammatory response and will weaken a person’s immune system. Cancer is usually caused by mutations in our DNA from sun exposure, or cigarette smoke, car oil, and anything named to be a carcinogen (or have YET to be named).

It isn’t the mutations actually, it’s the body’s inability to clear them as usual.

Does canine cancer directly affect humans in anyway? Many hope not, but the finding of a cancer with a DNA structure so unique will have researchers scrambling to find funding for future research. It also brings to light the knowledge and research already available for decades about infection and cancer.  Is cancer contagious? For some species and in some unique circumstances the answer is, yes. And in humans, the causes of some cancers are currently known to be contagious.

A great evolutionary explanation for why normal people avoid those with multiple STDs (sluts) like The Plague.