There is a rumour going around that Governments in the UK and the EU have spent their pension funds and so pensioners will have to go without.
This is, I’m afraid, a rather naïve rumour. There never were any Government pension funds.
The money paid in taxes, national insurance and so on was never put away in a pension fund. It was spent on roads, hospitals, police, bombs and perks for politicians. All government based pension funds are Ponzi schemes. Today’s pensions are paid out of taxes paid by today’s taxpayers. Tomorrow’s pensions will be paid out of taxes paid by…
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Source: Dr Vernon Coleman - MB ChB DSc Read the original article here: https://vernoncoleman.org/
