Wednesday, 30 November 2011

Pensions and the rich
There has never been a public sector pension fund. It is a 'notional' fund run by a government actuary who is supposed to weigh up the figures and then make recommendations. It was really an extra tax on the public sector when private pension schemes were still well run and not robbed by thieves like Maxwell. For example, the then British rail pension fund paid for itself. So many had contributed for so long and it had been well invested, the workers no longer needed to pay any more into it to get their pension. Now whatever happened to all that lovely money when the railways were privatised......?
Now that many private pensions have been shafted and fallen below the level of some (not all by any means) public schemes there are howls of outrage stoked up by a compliant media who 
a) should say how much they are on before they comment
b) Scumbag tories who love a bit of union bashing - a very easy target. 
c) Scumbag tories and their illiberal chums who seek to divide and rule. It takes the heat off the real villains...........
.............the bankers and financiers who caused the mess - and who should be paying towards the clear up - but have you seen any moves? No? Odd that. It could not have anything to do with who pays the bulk of the Scumbag party’s funds.....could it?  

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