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…
Some of the posts we share are controversial and we do not necessarily agree with them in the whole extend. Sometimes we agree with the content or part of it but we do not agree with the narration or language. Nevertheless we find them somehow interesting, valuable and/or informative or we share them, because we strongly believe in freedom of speech, free press and journalism. We strongly encourage you to have a critical approach to all the content, do your own research and analysis to build your own opinion.
We would be glad to have your feedback.
Source: Dr Vernon Coleman - MB ChB DSc Read the original article here: https://vernoncoleman.org/