Thursday, 24 June 2010

Rights and entitlements

Oh dear:

“We must establish the right to a decent period of retirement otherwise we will soon see people working till they drop.”

It's not a right, it's an entitlement. Classic trade unionist forgetting an important question: how is this going to be funded? About time some system of personal accounts for pensions was brought in - the state pension resembles one of Madoff's Ponzi schemes.

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