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UK state pension age will soon need to rise to 71, say experts (www.theguardian.com)

submitted 9 months ago by CAVOK@lemmy.world to c/europe@feddit.de

23 comments fedilink hide all child comments

The way I see it there are three realistic choices a country can make.

Raise the pension age. Not very popular with the public as illustrated by protests everywhere this has been mentioned.
Increased migration. Not very popular with the public as seen by the rise of far right parties in both Europe and outside.
Lowered living standards. Not very popular because who wants to pay the same taxes but get less out of it?

This isn't a UK problem. It's the entire western world. And no, the populist idea of "just have more kids" doesn't solve it.

Any ideas?

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[–] Bjornir@programming.dev 24 points 9 months ago

The idea would simply be to stop giving so many taxes cuts to companies.

In tenace we recently raised the retirement age because according to the government there was not enough money, the usual bullshit.

Why bullshit you ask? Because it is the very same government that removed three times as much as what they said was missing from pension funds in taxes on companies. They also reduced taxes on capital gains, to bring it to a lower level as what someone middle class would pay on their salary, part of which goes to finance pensions.

We have the money, we always have, it is just a matter of choosing where to put it. Most government of the West decided to put it in the hands of the few richest.