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Another option that could be open to the government is to pay the benefits to all, whatever their income, but to "taper" them so that the poorest in society get the most money....
...The coalition agreement pledges to "protect key benefits for older people such as the winter fuel payment", but does not rule out reform....
..."But today we hear the work and pensions secretary is planning to cut this support that so many pensioners depend on. This is a shocking betrayal of pensioners."
Originally posted by saltheart foamfollower
When does socialism die, when the redistributors run out of other people's money.
I always ask, what is the cost of the redistribution. How much actually gets to the supposed poor?
It is a ponzei scheme. At least in the US, I would imagine that MAYBE 10% of the tax dollars go to the intended beneficiaries. The rest goes to the distribution network-i.e. the government.
Oh the humor.
Originally posted by saltheart foamfollower
reply to post by BenIndaSun
Yep, could YOU imagine if everyone was allowed to keep every dime they actually earned?
Now, taxation system base on consumption would be one way.
Another taxation on only companies profits.
There are numerous ways to set things up right. They will never be done though.
Power corrupts and absolute power corrupts absolutely.
What we are seeing in the US is that the control mechanisms like the teachers and the police will continue their money, everyone else's taxes will go up and all the other support mechanisms will be dismantled.
Oh well. Keep safe and prepare.