Comments on: Umm, gents? http://timworstall.com/2009/01/01/umm-gents/ It is all obvious or trivial except... Sat, 11 Feb 2012 18:45:24 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: eurealist.co.uk » Blog Archive » Paying for old age http://timworstall.com/2009/01/01/umm-gents/comment-page-1/#comment-25869 eurealist.co.uk » Blog Archive » Paying for old age Fri, 09 Jan 2009 06:49:40 +0000 http://timworstall.com/?p=5527#comment-25869 [...] a light-hearted and amusing story. Unfortunately, I can’t find one worth bothering with so, via Timmy, let’s kick off with a coronary-inducing article instead. Every adult could be forced to take [...] [...] a light-hearted and amusing story. Unfortunately, I can’t find one worth bothering with so, via Timmy, let’s kick off with a coronary-inducing article instead. Every adult could be forced to take [...]

]]> By: MarkS http://timworstall.com/2009/01/01/umm-gents/comment-page-1/#comment-25491 MarkS Fri, 02 Jan 2009 07:01:29 +0000 http://timworstall.com/?p=5527#comment-25491 Looks like the government will have Madoff with some more of our cash. This will put Tax Freedom day somewhere around late September. Looks like the government will have Madoff with some more of our cash. This will put Tax Freedom day somewhere around late September.

]]> By: Kay Tie http://timworstall.com/2009/01/01/umm-gents/comment-page-1/#comment-25481 Kay Tie Thu, 01 Jan 2009 16:37:57 +0000 http://timworstall.com/?p=5527#comment-25481 "Surely if it’s private insurance it’ll not be a Ponzi." Who says it's private when it comes time to pay out? Over a 40 year period the chances of not being screwed over by a politician are zero. It's already happened: look at SERPS/S2P. The pension payout is capped, but the contributions are remain earnings-related. A private company could not legally engage in this kind of theft. Only Governments can do that. “Surely if it’s private insurance it’ll not be a Ponzi.”

Who says it’s private when it comes time to pay out? Over a 40 year period the chances of not being screwed over by a politician are zero.

It’s already happened: look at SERPS/S2P. The pension payout is capped, but the contributions are remain earnings-related. A private company could not legally engage in this kind of theft. Only Governments can do that.

]]> By: Gareth http://timworstall.com/2009/01/01/umm-gents/comment-page-1/#comment-25477 Gareth Thu, 01 Jan 2009 16:07:18 +0000 http://timworstall.com/?p=5527#comment-25477 Surely if it's private insurance it'll not be a Ponzi. Can't see Scotland going for this if they don't seem to have the same problem. It'd at least be a bit of tax competition. From the article: <i>Forcing individuals to take out policies with private firms would reduce the cost to the Government and avoid suggestions of a new stealth tax.</i> No stealth. An in your face tax instead. It would be a TV licence for growing old. Surely if it’s private insurance it’ll not be a Ponzi.

Can’t see Scotland going for this if they don’t seem to have the same problem. It’d at least be a bit of tax competition.

From the article: Forcing individuals to take out policies with private firms would reduce the cost to the Government and avoid suggestions of a new stealth tax.

No stealth. An in your face tax instead. It would be a TV licence for growing old.

]]> By: John Fembup http://timworstall.com/2009/01/01/umm-gents/comment-page-1/#comment-25476 John Fembup Thu, 01 Jan 2009 15:55:40 +0000 http://timworstall.com/?p=5527#comment-25476 America has a national health programme for the elderly (Medicare) that relieves the private insurance industry of the high health costs of older people. U.K. is considering a private health insurance programme mandate for the elderly, that will relieve the NHS of the high health costs of older people. Ingenious, is what I say. Twisted - but ingenious. America has a national health programme for the elderly (Medicare) that relieves the private insurance industry of the high health costs of older people.

U.K. is considering a private health insurance programme mandate for the elderly, that will relieve the NHS of the high health costs of older people.

Ingenious, is what I say.

Twisted – but ingenious.

]]> By: Kay Tie http://timworstall.com/2009/01/01/umm-gents/comment-page-1/#comment-25473 Kay Tie Thu, 01 Jan 2009 15:11:45 +0000 http://timworstall.com/?p=5527#comment-25473 Ooo goodie, another Government-sponsored mandatory Ponzi scheme. Ooo goodie, another Government-sponsored mandatory Ponzi scheme.

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