Pensions: Public versus Private – nobody wins

This article appeared in the Sun on Sunday on the 2nd of June 2013

Sometimes we hear how people in the public sector make more than the private sector, or that big private sector earners don’t pay enough tax. This is a simple divide and conquer strategy where the end game is to make us all less well off in order for the Government to hold on to more resources and then pay for things in a demonstration of their own largesse.

In every version of this script the State is the hero and the public and private sector take it in turns to be the greedy bad guys.

Much of welfare funding, including many aspects of pensions, isn’t just about figuring out the strategy for preventing poverty in the first place, or curing it long term, or about reducing poverty in the elderly. It’s about feeding the ego’s of policy makers while using other peoples money. And by demonstrating how they, as a third party, can make the world a better place because they are the anointed ones who …

Read More