#pensions

11 posts · Last used 9d

A note on the political claim that the state pension triple lock is 'unsustainable'. Isn't odd that: lower taxes on capital gains are never 'unsustainable', as aren't in-work benefits that subsidise low-wage employers; subsidies for industry are never 'unsustainable', as isn't the still small range of estates subject to inheritance tax each year... all of these can be sustained, but keeping old people from poverty (only just) is 'unsustainable'???? Yeah, right #politics #pensions
203
8
203
0
Chris Phillipson's defence of the triple lock on the grounds that many more will need its guarantee by the time retirement arrives, is right the button. Attempts to suggest the triple-lock is unsustainable by pitting younger generations against pensioners, wilfully ignore that for most of the population the state pension will remain a key to any sort of poverty alleviation in old age. To those claiming it won't exist then; I'd say, then campaign *for* it not against it! #politics #pensions
6
2
12
0
You're going to see a lot of reporting about the state pension next year breaching the level of the personal income tax threshold; no doubt prompting outrage at the Triple Lock & the 'un-sustainability' of the state pension in its current form. But lets be absolutely clear; the state pension is going over the income tax threshold due to a protracted strategy of fiscal drag that has been used to stealthily raise taxes on the less well paid. That is the real news here! #pensions #tax #politics
53
1
66
0
#Pensions For pension schemes, the important point is that these effects do not necessarily remain confined to a handful of obviously climate-exposed investments. Climate risks can ultimately affect the functioning of the economy and financial system as a whole. That makes climate change a strategic governance issue https://nationalpreparednesscommission.uk/publications/pensions-in-a-warming-world-why-climate-change-is-now-a-pension-issue/ #ClimateChange #UpheavalClimate #ClimateInstability #ClimateReversal #MassAtrocity #pollution #ecology #environment #climate
0
0
0
0
The debt taken out to fund the data center boom has already been repackaged to financial SPV’s and sold to 401k retirement funds as bonds. If the power, water, and usage to these plants fails to materialise, which physics says it will, those bonds will lose value. The tech bros already outsourced their losses to US retiree’s pensions. Source: https://youtube.com/watch?v=sQGZXrzykpU #datacenters #401ks #retirement #funds #pensions

Energy Engineer Explains: The Math Behind "AI Will Take Your Job" Is Laughably Wrong

1
0
2
0
You've seen all posts