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The Environment / Re: The link between global warming and world population expansion.
« on: 07/04/2024 11:16:46 »The pension fund is negligible for most. The government takes takes today and pays them out today, they do not invest it.The average pension income in the UK is about twice the state pension, so the portion derived from investment (private and company schemes) is not negligible.
The alleged point of privatisation of obvious monopolies was that they could be profitable, if properly managed. Clearly some (railways) are just seen as subsidy farms and others as licensed fraud (water) but there's no reason why energy and telecoms can't be run as state industries at a profit (like oil in Norway), and it's even conceivable that rail could run at a reduced loss and water could be returned to a drinkable and swimmable condition under public ownership rather than emergency bailout (i.e. more fraud).So there is plenty of opportunity for diverting tax revenue to supporting the elderly rather than Tory donors and foreign banks, or even investing taxes into profitable industry.
Longer term, council house rents could subsidise dustbin collections andd social care, instead of "right to buy" mortgages subsidising bankers' bonuses.
Why didn't anyone think of this before? Let's call it "socialism" and see if it gets any votes!