The myth of austerity (UK)

https://www.ukpublicspending.co.uk/uk_national_spending_analysis

The raw, REAL* amount of what we literally spend in GBP (£).

You see that red bar? That means it’s going UP.

Real is the technical term for that chart.

As a % of GDP, we’re spending as much as the last Labour government.

2010 is when the Tories got in. Note that spending went up.

If you want to know why it’s been forced to stabilize, the notion of slagflation might come in handy.
GDP has sucked.

https://www.ons.gov.uk/economy/grossdomesticproductgdp/timeseries/ihyq/pgdp

This is why the Tories got in. This is not temporary.

https://www.ukpublicspending.co.uk/past_spending

I think this chart’s my favourite. Longitudinal data of economic parasitism.

Guardian readers citing stats out of historical context to make history-based arguments are hilarious.
Austerity spending is a contradiction in terms. Balanced budgeting is no more a bad thing than an addict complaining you’ve stopped enabling him. The inflation is caused by extant liabilities we must continue to pay out for; we can scarcely afford current welfare etc. (not including pensions, which we can never afford as unfunded). Let alone to add new ones in like a student with Daddy’s credit card during Fresher’s Week. The money simply isn’t there and it never will be. Pensions must be funded first. The economy is stagnant as you saw by GDP, we’re barely breaking even and this was a long-term plateau long before Brexit. Compared to other countries, like the US I was duffing up yesterday, we’re actually doing okay.

Public spending for “Social Protection” started at 0.7 percent of GDP in 1900 and has now reached over 15 percent of GDP.

But it’s the military dragging us down, right?
We must stop funding attack helicopters, shouldn’t we, Sue, 57, from Brighton?

https://www.ukpublicspending.co.uk/uk_defence_spending_30.html

In terms of Gross Domestic Product UK defence spending was 2.85 percent of GDP in 2000. But from 2002 to 2009 defence spending was constant at about 2.65-2.70 percent GDP. Since the Great Recession, defence spending been in steady decline, breaking below 2.4 percent GDP in 2016.

Read it and weep you intellectually dishonest douches.

https://www.ukpublicspending.co.uk/uk_total_spending_pie_chart

Welfare (NOT including pensions) is more than DOUBLE military expenses.

General 2%
Transport 4%
Protection 4%
Welfare 14%
Defence 6%
Education 11%
Health Care 18%
Pensions 20%
Interest 7%
Other 15%.

I know you’re allergic to maths but bar charts and pie charts are kiddie tier.

https://www.theguardian.com/education/2016/dec/06/english-schools-core-subject-test-results-international-oecd-pisa

Education, for example, we suck at harder than ever.
The schools that still teach (by rote) are killing us.

Here to agree with me is famed conservative Paul Krugman.

https://www.theguardian.com/business/ng-interactive/2015/apr/29/the-austerity-delusion

He supposedly thinks austerity is BS and it shouldn’t even be tried because it won’t work. He thinks it’s a myth too.

“But won’t this lead to budget deficits? Yes, and that’s actually a good thing.”

This is how you can tell Krugman isn’t actually an economist or economist isn’t actually a job. Numerical psychic is not a job.

” in effect, an economy in which the public is trying to save more than businesses are willing to invest. In such an economy the government does everyone a service by running deficits and giving frustrated savers a chance to put their money to work. “

You can’t put money to work when nobody wants to work with it.
That is what investment literally is. Random spending isn’t investment.
I don’t invest in half a dozen shots, I blow it. Investments are carefully calculated for perceptible gains. Not moral gains, actual fiscal cash in the bank gains.

http://www.dailymail.co.uk/debate/article-4634536/PETER-OBORNE-myth-austerity.html

“However, I accept that this week’s Queen’s Speech does contain one very serious flaw: it marks the moment when the British Government abandoned any serious attempt to control spending.”

“There is, in fact, no limit to the proposals for public spending put forward by Jeremy Corbyn and his front bench, who are clearly basing their economics on the existence of ‘magic money trees’.

Suddenly, the dominating narrative in public life is that, instead of trying to live within our means as a nation, we should cast off ‘austerity’.”

The Guardian’s battle screech.

That aside, now that Britain’s so-called austerity has become the focus of intense debate, it is important to expose the myth that the nation’s finances have been cut to the bone under the Tories. That suggestion is nonsense — for the simple reason that there has been very little austerity at all.

Last week, Sir Nicholas Macpherson, Permanent Secretary at the Treasury from 2005-2016, wrote an exceptionally important article for the Financial Times. He noted that gross public debt actually rose as a proportion of national income between 2010 and 2016, from 76 per cent to 89 per cent.

As Sir Nicholas wrote: ‘Britain never experienced austerity.’ As someone who ran Britain’s most important financial institution for 11 years, he is in a position to know.

It’s fake news.

between 2010 and 2016, from 76 per cent to 89 per cent.”

Again, 2010 – the year the Tories got in. Since the Tory Party got in, +13% has already been spent. That is a 100% true statement.

I love it when new guys assume I can’t math.

Why do you think my predictions work out? They’re not opinions.

You know what has been good for the economy?

Brexit!

https://www.ft.com/content/cf51e840-7147-11e7-93ff-99f383b09ff9

It is still too early to to say that Brexit has damaged the performance of the economy because the slowdown might reverse once the squeeze on incomes passes.

What would the FT know?
We haven’t actually left yet. The Left predicted we’d all be eating our pets like Venezuela by now. Marginal growth is still going up!

The EU waits to see our terms of disengagement. Then the investments will flow.

Savings?

The decline also reflects an error that the Office for National Statistics has identified that understated incomes in its data, which is due to be rectified soon.

Since when did Communists care about savings they can’t steal?

The cause of the decline in living standards is more closely linked to a rise in inflation rather than a fall in average wage growth, but both have played a part. And with social security benefits for non-pensioners frozen, real income growth is also likely to have fallen.

Labour market is still saturated with EU workers’ competition. Cannot be called yet.

Every indicator of the number of people in the labour market has been positive since the EU referendum. The unemployment and underemployment rates are down, while participation in the labour market, the employment rate and vacancies are all up.

See?

With such a clear and positive picture, the best data are simply the headline unemployment rate, which has fallen from 4.9 per cent to 4.5 per cent in the past year, to reach its lowest level since 1975.

Maths is hard for Commies, especially when it doesn’t go the way they hoped (which it always does).

In recent months the gap between the world’s two most important currencies diverged as the euro gained against a weakening dollar. Sterling has also gained, but not as much. 

Which economy isn’t totally fucking itself over with immigrated dead weight?
It’s a long game, padre.

Recently

https://www.theguardian.com/business/live/2017/nov/08/chinese-exports-trade-trump-us-banks-brexit-uk-economy-business-live

UK firms expect higher pay rises, as Brexit hits investment plans – as it happened

Exactly as I predicted. More workers making money, oh no!

Why? Stable currency. Exactly as I predicted. The EU is doomed largely from the Eurozone.

Don’t believe me? Despite ever-expanding debt, they’re predicting growth.
Magical pixie growth.

https://www.theguardian.com/business/live/2017/nov/09/german-trade-surplus-uk-housing-market-cools-vauxhall-jobs-business-live

EC slashes UK growth forecasts but sees best eurozone growth in a decade – business live

European Commission says Brexit uncertainty will hurt UK investment, but the rest of Europe is doing ‘significantly better than expected’”

Well I see no reason for bias in that sentence!
Meanwhile, someone a little more objective.

https://www.ft.com/content/cb8bc258-4510-11e6-9b66-0712b3873ae1

IMF downgrades eurozone growth post-Brexit

http://www.xe.com/currencycharts/?from=EUR&to=GBP&view=10Y

This is what you’re celebrating?eurgdp10y.png

Let’s compare to the reserve currency so you can really see what I mean.

eurusd10y

Yes, so strong… such growth, much potential…

giggle-lol-haha

While America is screwed, nobody is as screwed as the EU/Eurozone.

titanic EU lightsout#2big2fail

A little known and very recent piece of news, which should be making headlines but isn’t, while negotiations are ongoing.

https://fp.brecorder.com/2017/11/20171109233563/

The eurozone’s top bank supervisor, Daniele Nouy, on Tuesday urged the sector to press ahead with cross-border mergers, arguing tie-ups would help forge a stronger European finance industry.

If it’s already strong….
Don’t bother with logic.

Have you ever run in a three-legged race? They’re essentially arguing that if you yoke a lame man to a fit one, the lame one will be fit. This is formally known as magical thinking and colloquially known as “batshit insane”.

The theoretical term is Communism.
No, really. This principle is international collectivism. Marx never said that was possible but whatever, why let that stop them, surely they know Marxism better than Marx.
https://www.vocabulary.com/dictionary/collectivism
It is.
The cognitive dissonance of objecting to national state power because it’s too big and corrupt while advocating for supranational state infrastructure.
https://simple.wikipedia.org/wiki/Communism
“This society would be based on the common ownership”
This requires dissolving national borders and class boundaries. The former is easier than the latter, because, as we know from HBD, class is largely genetic (see intergenerational studies). Maybe that’s why they always shoot people, because the productive won’t just get down and act quietly parasitic like their fellow countrymen. What treason. It isn’t as if humans evolve and continue to mutate and diversify at different rates in myriad ways, is it? Don’t be absurd, we’re interchangeable cogs, that is totally respectful of our human rights and special snowflakeness (the sudden explosion of the latter in the young is culturally related to the popularity of the former position) i.e. no cogs are allowed to be sparkly.
https://www.merriam-webster.com/dictionary/collectivism

http://www.independent.co.uk/news/uk/politics/iain-duncan-smith-eu-communist-a6901211.html

“The EU was set up by the founding fathers, an important man called [Altiero] Spinelli, an Italian, who was an ex-communist, he designed the Maastricht Treaty and the Single European Act, why?

Is there any such thing as an ex-Communist?
[No.]

“He said because this is a political project, bringing the nations of Europe closer and closer together to create a place called Europe and the design of this was such that politicians who come and go could not actually override this decisions of the bureaucracy because otherwise we would never get there.”

Opposing democracy? Lovely.

https://www.vocabulary.com/dictionary/dictatorship
Dictatorship implies absolute power — one person who takes control — of a political situation”

Despots order things. The EU has done this.
http://www.telegraph.co.uk/comment/3707704/Undemocratic-EU-bullies-Ireland-into-another-vote.html

https://www.vocabulary.com/dictionary/Caesarism
https://www.vocabulary.com/dictionary/totalitarianism
“If the government has complete and absolute power over the people, that’s totalitarianism. This is a repressive, unfree type of society.”

That can’t be legal? Already is, babycakes.

https://en.wikipedia.org/wiki/Sovereignty
https://legal-dictionary.thefreedictionary.com/sovereignty

Over democracy, what does the EU have?

The doctrine of supremacy. It isn’t even hiding the Orwell there.

https://www.lawteacher.net/free-law-essays/administrative-law/doctrine-of-supremacy-of-european-union-administrative-law-essay.php

In a series of important rulings the European Court of Justice (ECJ) has developed the doctrine of supremacy of European Union (EU) over national law.

trans. Over national populations.

EU law is absolutely supreme even over provisions of national constitutions.

No voting out of this one.

They changed the wikipedia page when the Brexit referendum was announced.
https://en.wikipedia.org/wiki/Primacy_of_European_Union_law

It used to be Supremacy. You can still find it via search.

https://en.wikipedia.org/wiki/Supremacy

Click through to see…

But I’m totally imagining things, right?

http://www.express.co.uk/news/world/841539/EU-news-European-Union-fourth-reich-Germany-communism-Poland

Krzysztof Karoń, Polish publicist, spoke on Telewizja Republika where he accused the European Union of writing its “communist agenda” into its own laws.

He said: “In March this year the European Commission signed its white paper, which was dubbed the Rome Declaration.

“The only binding manifesto of the EU became the communist manifesto from 1941.”

“It is written in the programme that ‘the first goal is to erase borders dividing Europe into sovereign states’ and that ‘every single undertaking must be verified under this first point’.”

He underlined that in his view this is the root of all political problems sweeping through the continent.

Ridiculous?

https://en.wikipedia.org/wiki/Eurocommunism

I wrote this today because a lot of this is new today.

GUARDIANISTA, GREAT NEWS!

Don’t worry about austerity, we never had it.

You can’t talk about welfare unless

you talk about the welfare or benefits ‘cliff’. It’s also known as the ‘trap’.

https://fee.org/articles/if-you-accept-this-raise-you-fall-off-the-welfare-cliff/

There are plenty of dry economic agreements (how rare!) that this oppresses the poor.
Nobody mentions it. The right want cheap maids they call nannies to feel morally superior and the left, same, but keeping reliable voters on tap and away from economic freedom.

http://aauw-pa.aauw.net/files/2014/09/Poverty-Minimum-Wage-and-the-Cliff-Effect-Op-Ed.doc

It also affects women more, but feminists don’t discuss it because they’re middle-class bitches. They’ll happily hire the foreign nanny than support the one who needs the job and can’t afford to go anywhere else. Immigrants are by default, privileged, because they can be global and professionally mobile. It’s like when working class people see a middle-class woman say how she chose to work after giving birth, expecting a pat on the back. Oh, a choice? Freedom? Must be nice.

That’s why women refuse raises, not Imposter Syndrome!
https://www.wfco.org/pages/content/the-cliff-effect

It’s nothing to do with Britain, it happens in any welfare system not structured to allow the transition back out again.

It operates like a Venus flytrap or Chinese fingertrap.

This has nothing to do with flogging the corpse of Maggy Thatcher (sick and sexist) but nothing to do with the 80s either, it’s a new structural issue.

Nobody wants to address it.

Greens and Lib Dems will talk about the rights of terrorists and bondage classes for kids, but not this.

The eternal r-type

http://www.shtfplan.com/headline-news/unbelievable-mother-of-15-kids-somebody-needs-to-pay-somebody-needs-to-be-held-accountable_12012011

for the Title alone

“Somebody needs to pay! Somebody needs to be held accountable!”

comment

“At what number of children does a woman loose her ‘reproductive rights’ to bring even more children into this world that she is unable to care for? Why are you and I ‘forced’ to support children that we had no part in creating? I had no part in the pleasure of any of the orgasms required to create these children …… so why am I required to support them and their mother?
I am informed that here in Florida, the grandmother of the children will go to DCF and allege that her daughter is unfit to care for and raise her grandchildren. Once the mother is declared “unfit”, then the grandmother will gain legal custody of the children and then become their “foster parent”. This changes the whole nature of the situation from a welfare issue to a foster care issue. Grandma can then collect approximately 2.5X more as a foster care provider than her daughter can receive as a welfare recipient.
At this point, the daughter moves back in with her mother and her children and they all live happily after ….. at our expense. How about after the delivery of two welfare babies we also provide the mother with a tubal ligation; at our expense of course. To be completely fare about the whole thing, we also give the father a free vasectomy.
Food for thought homies. Too cold on my part?”

This sex-positive Sexual Revolution propaganda is all about dem dollars.

It’s a wealth transfer to the immature dependents (high time pref) from the actual adults (low time pref). The productive are being vampirised for the leeches, that’s why they can’t afford to breed themselves!

You have a ‘right’ to breed as many children as you like, under our construct of consensual=moral, but you do not have a right to force others to pay for it. At most, your own relations ought to pay for them, not strangers. I find it funny the men complaining about free birth control are the ones (sluts) who benefit from it, they never want to shut down free STD clinics or the abortion clinics, do they?

Replacement-level only is too generous, one child only. You need to breed those genes OUT.
The old rule was all those claiming any welfare go on birth control OR forsake all right to support for any child they produce while claiming.

“This angers me because I remember trying not to cry when I went in for my tubal ligation. We wanted more kids but knew in our hearts we couldn’t afford more. We stopped at three, wanted five originally. It was hard but I figured if I was ever in a position to truly support another lil guy then I could afford a reversal or in vitro. Made sense to me then, makes sense to me now. I don’t regret it because I know my kids would have less if I had been emotional and selfish.

And then to think of the poor couples who can’t have any at all! Really makes me sick. And more and more people have no responsibility for thier actions in any way anymore. I have to wonder, if there were no such thing as welfare, would she have had all those kids?”

It hurts other, better women most of all, the ones who keep their legs shut.

In a way, it’s deeply sexist against K-women. We have a shorter breeding period where we’re forced to pay for welfare trash babies instead of saving for our own.

“Let’s be fair…
Norplant as long as you are on welfare.
Once you start on welfare no more children are added to the payouts.
You lose the right to vote as long as you are on welfare.
to collect welfare you need to turn in the father with a DNA test to prove it.
So if you are down on your luck you get help, and if you turn your life around you get to have as many children as you want, vote, and collect child support from dad(s)”

Why should anyone’s sex life (lifestyle choice) be subsidized by the taxpayer?

The assumption nobody ever attacks.

There is no such thing as a human right to orgasms.

You have no right to a sex life, especially at the expense of others. This goes from free contraception to rape. Within marriage, you have a right to sex. That is literally the ‘conjugal right‘. You don’t have conjugal rights over anyone you’re not married to. That’s the real issue, they refuse to marry.

They want all the perks of marriage: sex, children, financial providence but no obligations or responsibilities.

In a patriarchy, it’s always the father’s responsibility as the provider, this is more a paternal failure but the women are almost as bad. Simply extract all the mother’s costs from the father, or he can work it off in prison. That’s the only way to do this, the traditional way.

Without promiscuity culture, this would never have happened.

Social shame would have prevented it but who wants to name the Beast of lust? All both parents want is ‘fun’.

They had sex knowing the biological consequence. You are taught this before puberty. You can have ‘fun’ in a thousand other ways or take up a masturbation habit if orgasms are so core to your self-esteem. Too much sex and the wrong sex (out of marriage, with strangers) is bad for your body and mind. It’s also common sense. There is NO such thing as ‘casual sex’. It has one, clear outcome.

comment
“If you can’t feed em, don’t breed em.”
“The bitch and her bastards belong in the gas chamber.”
“How’s about the Dads pay and you keep your legs together. I don’t owe you anything.”

If anything, they owe society.

In these cases, it’s always unfair to blame only the mother when it takes two to horizontal tango.
Always ask: where’s the father?

comment on a previously linked article, relevant
Long before you start saving money for your own kids, you pay for someone else’s. Get some single mother’s kid set up with toys, clothes and food and THEN you can start putting aside some money for your OWN kid, but not before. First some brown kid somewhere gets a Tonka truck, new jeans, KFC, ice cream sandwiches with your money. See what’s left, stick it in the piggy bank for your kid. Fuck it.”

The welfare system is unjust.

Our future is stolen.

Comic: Illegal immigration is theft

Theft of a future, too.

Not to mention the genocide angles of depriving natives. Tragedy of the commons, outgroup favoritism has a time limit.

I’d love to see an EU/Euro and a GB/£ version of this.

It’s r-selection in practice.

Trump and welfare reform

http://www.abovetopsecret.com/forum/thread1159371/pg1

“I think Trump’s gonna have to take a healthy chop at the American Welfare System if he wants to appease the people who voted for him. He knows he has to retain the favor of ‘his mob’. The hard part about that is understanding that we are ‘truly’ The Silent Majority. We don’t talk about stuff unless we’re seated in the barber’s chair. But, we vote the line when the time comes. And we’re the guys who will speak out when he needs support … when he needs support.”

K…… O

Those people were never going to vote for him anyway – unless they needed a job.

He only pretends to be loud and crass, he’s a Boris Johnson. Same hair.

Boomers prove happy to screw the young farther

In fact, they don’t think it goes far enough!

All the Guardian readers who laughed at my posts on pensions have gone silent recently. They thought I was making it up.

https://www.theguardian.com/money/2016/aug/23/calls-for-more-pension-advice-after-study-raises-concerns-over-future-plans
They can’t rely on food banks either.
They abandoned their families, divorced their spouses and said they didn’t need the Church.
…We’ll see.

Comment “The stark truth is that no matter where people look to invest their pensions, they are (in essence) investing into the generations that follow.
In effect lending them money so to ensure that those generations will take care of them in the future.
In this sense it is not unlike a pyramid scheme and powered entirely by debt.
2008 wasn’t simply another financial crash or banking crisis. It was a total systemic failure where the unthinkable happened (which is why none of the economists, bankers or poiticiains saw it coming): All the banks in the world simultaneously ran out of money.
This is why in some circles 2008 is know as “A debt saturation point”.
In more simple terms, the income demands of the top third of the pyramid overcame the ability of the bottom two thirds to deliver it – and it began to collapse.”

People are retiring for decades. National debt goes up. Student loans go up. Wages are down thanks to immigration. Property is expensive thanks to same, over half the average wage. This cannot continue.
If it’s a public fund, you can’t trust it will be there. Pensions are not savings, as savings always go up in nominal value and they are privately owned (personal control). You save money to put IN to a pension, the pension is not saving but investment i.e. it can go down too.

Comment “Pensions are a con. You can save all your life, and then someone pillages the fund and takes it all away from you.”

The people childless and happy, as they told us, also want to parasite off their own generation too.
Most of them don’t ‘save’ enough to cover a 1/6 of what they’ll be ‘entitled’ to.

Comment “The issue of having any form of assets and then being required to fund care does raise the slightly thorny issue of responsibility and planning though.
If one person were to carefully save, spending less on holidays and TV packages, then another person were to say “stuff that” and not bother, then person A ends up funding the costs not only for themselves but also person B (who can be in the same care home, in the room next door, with the council paying). So, where is the incentive to plan and save?”

No! You mean? Those mean conservatives have reasons?

They aren’t making policy …to be mean?

The middle ground classic liberals are finally getting it. When you align with people who parasite, they won’t stop for you. And what about the lack of trained people working in those places? Immigrants can’t do it, the NHS has scandals about undertrained staff. The IQ drop from inbred fertility in certain groups and foreigners from the EU taking University places mean we’ll have even more shortages in future.

Singapore has a better system, comment “The concept is that everybody effectively holds a government account, in which they accrue funds for their retirement, healthcare, housing, etc that come from payroll tax.

Private systems work better. Personally accountable? Private works better. No admin. Look at French healthcare. Private. Best in EU.

The government pension is therefore “fully funded”, removing the constant nibbling away at the economic prospects of the younger generations, by the baby boomers who are in power, and the pensioners who carry such clout as a voting bloc.
If we carry on with a system we have, where todays pensioners are being funded by todays taxpayers who have rapidly diminishing prospects as a consequence, the system will fail. “

Leave the world better than you found it. If you took inheritance, you should pass that on and more. Yet these people, already given everything and then voting in new stuff to get, are spending their inheritances too.
Spot the r-type, comment

“The LibDem Pensions Minister in the coalition,said he was quite happy for people to draw their pension money early and buy expensive Lamborghinis or whatever,never factoring in future care costs.This was reckless and should count as divestment if people knowingly spent up,expecting the taxpayer to step in and meet their future care costs.”

sensible chuckle

Oh, now they want people to be held responsible. When they lose out.

And Millennials/Gen Z/the hereafter?
https://www.theguardian.com/money/2016/aug/14/uk-younger-generation-pensions-bill-report

Nothing.

“Caroline Abrahams, the charity director at Age UK, pointed out that 1.6 million older people live in poverty in the UK.”

They had decades to save. They spent it. Pathos, seriously?
Their families abandoned them. Who raised the families?

““‎In fact, you could say it is all the more important for young people to know they have a reasonable state pension to look forward to, given the uncertainty they face over jobs and housing, and given that the value of future private pensions will largely depend on investment growth, which is not guaranteed.””

Those last two words should ring like a horror film quartet.

Any Gen Y who can read will be saying WTF and FU to that. (We were chucked in the deep end with workplace pension schemes with zero choice, unlike X or Z).
Translation: Pay us or else and there’s a minute chance you’ll get a slither of it back at some point, but not really because haha you were in debt before you were born, suckers.

We don’t have the fertility levels to maintain this system. The Boomers didn’t have enough kids. Those kids will already be caring for their own elderly parents. Without going into the massive immigrant families expecting handouts from Whitey, when the children send money out the country in remittance and resent paying for the white elderly too.
The elderly will blame the bankers they bailed out to run their pension funds for the missing money.
Abolish the death tax and the fertility rate will fix itself (those children going on to pay into the system) because my lot could finally afford them. Look at all the articles about young people putting off kids, it’s a national crisis. Keep the death tax to fuel impossible state ‘pensions’ (bribes) and to spite the current children and we will spite you by making none. Having kids is just too expensive now unless you do it with others’ money so you’ll be getting a higher % of the dumb and lazy. You cannot replace the high IQ either with third-worlders, GDP is tied to national IQ.

The immigrants will move home where living is cheaper if the taxes are demanded. They will revoke citizenship and turn traitor when the country asks of them, we all know it, many said about jumping ship if we leave the EU. Short-term prosperity for long-term failure. The middle-aged and old have chosen this and voted for it. My generation, knowing we won’t see a penny, will correct this when in power.

Wonka moment. They get nothing!

As for the immigrants who took public funds their ancestors never paid into and expect to leave without paying the bill… trillions in international theft?

stop don't come back sarcasm no please go leave wonka

Can you spell Colonialism?
That welfare money was only legal to provide on the loophole they must remain citizens (and hence pay in the rest of their lives). It was not a gift. Otherwise, theft of one country from another, and imposition of genocidal conditions (limiting native fertility is one and taking up school/job/Uni spaces for natives plus taking their ancestors’ contribution alone meets it), constitute an act of war.

Anyone with proof otherwise, go ahead. I’ll wait.

https://www.theguardian.com/money/2016/aug/23/calls-for-more-pension-advice-after-study-raises-concerns-over-future-plans
http://www.mirror.co.uk/news/uk-news/savers-raiding-pension-pots-could-8631750

Who do my generation and thereabouts think is paying for this? Do you see anyone else around here? Like the refugees invited by a woman near death, the corrupt NGOs that rape children abroad with our taxes, and best of all, national debt to encourage the politicians betraying us, it’s all on us.

Again, savings go up, we cannot save for pensions, you need to have no national debt to save; they were never saving, but investing, despite refusing to admit it’s gone down. They voted for QE and low interest for mortgages, this is the outcome. They devalued the currency and retired too early on too little. They’re already in debt personally. This is a national Marshmallow Test and they’ve failed. We don’t owe them any bailouts.

OT but not really.
The most pro-immigrant people I see are near retirement whites.
Honest question: why do they think / what proof do they have, that the people dodging paying for the elderly in their homeland, will ever pay for them? And with more people in the system and their extended families, do they not see it will crash the system even faster? Logically? I haven’t seen any proof and I have looked but it seems to be the seedcrop for their affronted maintenance that Immigrants Bring More Money Than They Take. Despite discounting remittance, social spending etc.

They cannot do maths.

The Guardian (a Boomer rag) seem to be appeasing the young by admitting a problem but blaming everyone but those at the top of the social pyramid.
https://www.theguardian.com/world/2016/mar/07/revealed-30-year-economic-betrayal-dragging-down-generation-y-income
Boomers are perma-victims, always the Real Victims Here TM.

comment “Until the, let them play Pokemon Go whilst looking at porn on their iPhone, in between whining over their Mocha frappuccini, and crying into their craft beer whilst combing their beards.”

Meanwhile, “As per the article the liabilities just of final salary pensions are at least £1.4tn, which is more than the official national debt. I don’t believe it is funded – if so where are all these funds held?”

The nail has been struck.

If the Government collapses, the People live.

And the entrepreneurs with their flat whites trying to boost the economy this side of China?http://www.telegraph.co.uk/finance/personalfinance/11174288/Self-employed-Youre-stumbling-into-pensions-nightmare.html

Their proposed solution is to tax/rob the rich. That can only happen ONCE. For a few short years. And then bust. When you take something, it doesn’t grow. Rabbit farms.
These people are too dense to notice their pensions are inflated by investment in the companies in the stock exchange ‘avoiding’ the taxes they say should affect the bottom line – and dividends. If taxed any more, those companies will go abroad and buyback those shares. They will lose more money.

“Does the fact that these old people’s pension payments go into questionable ponzi schemes on the stock exchange have any bearing on this ?”
Cookie for you, son.

reason on tuition
“Increasing tuition fees was a Tory policy.” (and Lib Dem in coalition)
“and introducing them in the first place was Labour policy”

owned

“How does ever rising immigration offer anything but a short term palliative? Who pays the pensions of the immigrants in due course, ever more immigrants? Exponentials have a nasty habit of blowing up.”

The immigrants are more fertile, they take far more even if part of their families reunite. One working, five aunts, uncles and grandparents needing care minimum, more like 15-50 if you look. No one is that productive.

sage comment

“Pensions are a myth”

They haven’t worked ‘all their lives’ or they wouldn’t need a pension. Average duration is two DECADES. Originally meant to be five years, tops.

More hatred for housewives and stay-at-home mothers
“No mention of the sex divide, women have paid far less into the system yet draw more (more likely to be getting housing and pension benefit) and for much longer than men. No one from this think tank is going to go there.”
Those women work at home. They did the right thing and raised the future workers paying for you. Not all forms of civilization-building work can be taxed. What’s worth more, a little tax boost temporarily and a burden in old age greater than that, or three kids that create a tax surplus over the untaxed parent? As the welfare state grows, the population must grow more. It’s Malthusian. This would always have snapped back, but the generation to introduce it are now happily dead, having gotten away with it.

back to Guardian comment bingo
“Is this the Sun or the Guardian?
Ageist and highly prejudicial What is happening in the Guardian
What happened to balanced fair reporting?
This article is promoting hate
Guardian editorial staff should be prosecuted for inciting violence against old people by using weasel worded articles like this
Disgraceful”
reply
“I’m sorry you’ve not saved a fraction of the pension you are forcing someone else to pay for unwillingly and you get upset if they talk about it.
You really are the worst generation ever. Truly hateful.”

applause clap clapping yes well done

The younger SJW set are finally talking back. On The Guardian itself. The cogs turn.

comment
“Personally speaking I’ve got no time whatsoever for this so-called “Intergenerational Foundation” – why does a liberal newspaper like The Guardian continue to offer a platform to a group of fascists advocating hatred of older people?”
reply “Ageism goes both ways – look at all the utter crap that gets written about Millenials and so on.”

thumbs up yes batman approval

Anyone who disagrees with me and other parasites is Fascist. But I want to control people and make them slave for me for life. This in the name of freedom and democracy.

Social justice was invented by these wankers. Merely applied by Gen Y students with Boomer teachers.

How about the radical idea of basing payments on the tax one has paid?
Oh, but then public sector workers are fucked, aren’t they?

From top link
“Those over the age of 65 have harvested fully two-thirds of that £2.7tn increase in national wealth.”
There’s your income inequality, Boomers.
They celebrated abortion and as others have said, our generation will be morally OK with euthanasia for the same reason: to reduce their suffering. We simply can’t afford to keep them and the few children.
The politicians have public sector pensions, a corrupt conflict of interest.
These people celebrated tuition hikes, when it’s less public-backed money for them. All the tax money is finite.
Problem covered, problem solved?

Young people have already hit their limit. Their primary luxury is FOOD FFS. You need it to LIVE. Literally!

To pay for this pension malarkey, comment “Student loans will have to be written off, no one voted for them therefore they were illegal”
True.
Forgiveness, like America.
But likely only for STEM and medical.

comment “Young people will have to pay for their own pensions, and the pensions of the elderly, and the trillion pound national debt (they didn’t run that up either) and they will never experience the level of home ownership, prosperity, employment or public services that we will not be able to afford (obviously, as the only way they could be afforded in the first place was through spending the pension pots and borrowing a trillion and counting). The unvarnished truth is that today’s pensioners lived through the absolute best of times, funded largely through spending the money of the younger generation. Sadly the people on basic state pensions are also poor.”

They lived like Kings – and pissed away a King’s fortune. They deserve to be poor.
That fortune was given not to them, but to the future. It was not meant to be spent, but preserved. It’s like the old saying about the new rich – it’s pissed away by the third generation, who deserved it least.
When they keep re-mortgaging their home for nude cruises to keep up their Viagra usage and record high STD rates, don’t be shocked when they’re homeless.

Gen Z will be more ruthless than us, I wouldn’t be shocked if they happily turned cannibal on Nana – they were taught society owes them, and they owe it nothing.

comment

“Why should younger generations contribute and pay for pensioners to have advantages we will never receive?”

– The forbidden question.

Social contracts are a bitch. We owe them nothing when they took everything – including our youth and future.

Do you want to know the tragedy in this?

If everything had gone as planned, today’s youth would be the most prosperous ever.
Which generation holds that title?
Baby Boomers.

If the wealth were preserved and passed on, with minimal pilfering like their parents and grandparents, and immigration/multikulti kept low, we’d have;

  • record high employment
  • record high wages
  • low inflation
  • more savings
  • less to no national debt
  • higher national IQ
  • more children
  • less corruption
  • lower crime
  • affordable property
  • more intact families
  • more consumer spending
  • less years in education becoming competitive
  • earlier retirement
  • assured pensions
  • stable NHS
  • higher trust
  • better transport
  • more STEM investment
  • lower taxes.

And more. It’s too depressing to go on listing. They are the biggest fuck-ups in recorded history and we shall report them as such.

Silicon Valley feeds the damn bears

Y Combinator is running a basic income experiment with 100 Oakland families

If we give them money, they’ll get money for themselves.

what wtf wut confused shocked are you seeing this omfg how

I keep seeing this shared around by STEM people as good news.

Ok – what happened to the pay rise guy?

Millennium Villages?

*bangs head on desk*

THESE-

POLICIES-

NEVER-

WORK–

head desk blackadder give up

Plus side: they’re using their own money.
They’ve gone from minimum wage, where you had to pretend to work, straight into basic income aka Communism. We all know it’s Communism. To each according.