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30/06/24
14:20
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Originally posted by Justis:
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With out Compulsory supper government would be required to fund the pension's of people that didn't have a pension fund, the expectation before Compulsory supper was that people paid taxes during their working lives and that government would pay they a pension when they retired. With out Compulsory supper government would have to raise money via higher taxes to pay the pensions of the increasingly ageing population
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Once upon a time (many moons ago), tax's were increased to cover pensions, a bit like the Pom's, but that and records, appear to have vanished and the extra taxes, eaten up lol.