I’m Never Going to Get a State Pension, So Why Should I Pay for Yours?
The modern state pension is one of the greatest Ponzi schemes ever inflicted on the British people, yet our government continues to offer their unwavering support to it. Why? The answer is simple: moronic and selfish baby boomers (the largest and most active voter demographic in the UK) who still believe that it is working just fine.
Now, a lot of our nation’s issues stem from the boomer problem but for the time being, I would like to focus solely on the disgusting nature of the state pension and how it saps the life and well-being of young and working-age people.
Firstly, to circle back to my initial point, pensions are indeed a Ponzi scheme. Baby boomers will endlessly harp on about how they ‘paid their fair share all their working life’, but this is simply not the case. When the boomer was working, they were not putting money into an investment pot (like private pensions); they were, in fact, paying someone else’s pension. The flaw in this system immediately becomes obvious – it relies entirely on never-ending steady population growth. It requires the nation to always have a normal population pyramid with many young people and few old people. Unfortunately for the system, boomers were some of the first generations to have access to free healthcare and cheap prophylactics and abortions. Indeed, many boomers have had one or fewer children and are living considerably longer. Meaning they haven’t even replaced themselves. After the release of the 2021 census, we now know that we no longer have a population pyramid, but instead a population rectangle.
This is bad news and I don’t know how to put this nicely, so I’ll just say it plainly; unless something changes soon, we (along with many other economically advanced nations) are facing a complete demographic catastrophe. There are nowhere near enough children being born to pay the pensions of current working-age people now.
This is the final form of any Ponzi scheme. The initial investors have already been paid back by the newer ones, and soon enough the rug will be pulled and all those people at the bottom will have nothing to show for it.
Let us also not forget that most people over the age of 70 in this country have been recipients of the most glamorous state-subsidised lifestyles ever to exist. The baby boomers are the wealthiest generation in history and it is hard to grasp just how good they have had it. They grew up in a country eager to build a functioning welfare state and a booming population and experienced consistent economic growth for the first 55 years of their lives. Their children and grandchildren, on the other hand, are the first generations in decades to be poorer on average than those who came before them. They have been forced to suffer through stagnant wages and terrible interest rates for most of their lives.
Why do we not fix this problem? Well, for a start, baby boomers vote en masse. Due to the abnormally large amount of them, they were effectively able to establish a voting block which has existed in British politics since they started to turn of voting age (the 1960s/70s). Due to their size, politicians know that they have to pander to them if they hope to win any election. So the government is forced to do their bidding until such a time as there are no longer enough of them to make an impact on elections.
This means that young people (who have remarkably low voter turnout nationally) stand no chance of influencing government policy in comparison to them. The state will, therefore, continue to suck the wealth away from young people to fund the ponzi pensions of boomers.
The important question that young people need to be asking themselves now is, what happens in the future when we run out of new young people? We are already importing about a million people a year via mass immigration to try and plug the gap. But this cannot go on forever. Immigrants also have a habit of getting old, and importing more immigrants to plug the ever-increasing gap is insanity. It would require an unlimited supply of immigrants and levels of housebuilding that have never been seen in this country, it’s hard enough as it is to get permission to build a house let alone a couple million.Eventually, the state pension will cease to exist. I sincerely believe that I, and other 20-somethings, will never have a state pension. This would not be a problem for me (I can afford to buy into a private one) but I, and all other workers, are forced to pay into a scheme that we will never see the benefit of. There is no opt-out, there is no escape from it.
Young people are not stupid; a lot of them realise that this is the case. They fully understand the fact that they are unlikely to ever see a penny from the state after they turn 67 and it’s absolutely soul-destroying. We are the main cash cow for the subsidised boomer lifestyle, and we will not see a penny or even a word of thanks.
It would be extremely difficult to fix the situation we are in now, but here are some potential solutions:
1. Force the wealthiest amongst the elderly to sell their assets to pay for their own care.
Boomers are the largest asset controlling class in the country. 1 in 4 are millionaires and, as a group, are extremely asset rich. They own vast amounts of stocks, property, and other assets.
2. Reform the state pension system.
It is unfair to abolish the state pension immediately. Many people have handed over considerable sums of money towards it over their lifetimes. If a state pension must exist, it should operate on an investment model like other pension schemes, and not the current Ponzi scheme model.
3. Make the state pension optional.
Give young people the choice to join the state pension, save up their money, join private pension schemes, or just use it when they receive it.
These are just some ideas of ways that we could at least marginally improve the situation for young people, and make our state’s welfare system fairer and less focussed on the elderly. Young people are the future of Great Britain, and our treatment of them is beyond disgusting. Give them some hope and support schemes and policies that actually seek to invest in them. We should not just be transferring their money to old people.
The Tory Leadership Wedge
As the Conservative Party leadership contest has unfolded, an issue wedge has gradually been inserted into its surrounding discourse. What is an issue wedge? It is a tactical device, not an organic manifestation, that is designed to divide ongoing political issues in a specific way. More specifically, it is meant to override organic political divisions with an arbitrary political division which favours the political agenda of the wedge-driver(s).
The problematic nature of the wedge is not its divisive nature. Quite the opposite, the problem of the wedge is that it denies all forms of political division; all political division except the form of division established through the wedge.
Division is the nature of the political; as Schmitt says: “the distinction between friend and enemy”. Where there is division, there is the opportunity for deliberation and conflict, and where there is deliberation and conflict, there is opportunity for change. When the opportunity for change is taken away, all that is left is the status quo. I refer to this as a wedge, rather than “depoliticization” for the sole reason that I am concerned with a specific instance of depoliticization, rather than depoliticization as a phenomenon. Whether it is understood as a strategy to create distance between governments and responsibility for implementing policy, an attempt to remove politics for the formulation of policy, or the more general practice of curtailing the agency of non-governmental actors, depoliticization is underpinned by the idea of removing things from the political arena, inoculating them against political critique, challenge, or change. Who decides what issues are removed from the political arena? That itself is a political matter, and more the focus of this article.
In this case, Tory Leadership discourse has been fractured by a Costalivin-Culture War wedge. In short: you must choose between solutions to Costalivin or fighting the Culture War. You are not allowed to support both.
Are you concerned by the police’s indifference to violent crime, or their willingness to harass normal individuals? Do you approve of vandalising and destroying taxpayer-funded statues of British icons? Are you concerned illegal immigration and immigration-led demographic change? Do you find the idea of “trans children” just a tad ridiculous and possibly very damaging?
If you care at all about these matters, you are a culture warrior; a low-status, GBNews-watching, Leave-voting, Union flag-waving culture warrior. If you are a culture warrior, you are indifferent to the cost-of-living crisis. If you are indifferent to the cost-of-living crisis, you are condemning the nation to poverty and suffering. If you condemn the nation to poverty and suffering, you are evil, and so on. Focus on Costalivin, categorically ignore Culture War. If you don’t categorically ignore Culture War, you are categorically ignoring Costalivin. In summary: you can challenge the status quo, just not all of it.
Who decides what aspects of the status quo may be challenged? Supporters of the status quo. Surprise, surprise! Wedge-drivers drives the wedge. By dividing Costalivin against Culture War, attributing public interest to the former and distraction and subversion to the latter, the wedge-drivers hope to ensure that the public are cut off from politically engaging with cultural issues under the guise of public interest.
When called out on their wedge-driving, the wedge-drivers insist they are merely prioritising The Issues. This disguise is immediately betrayed by the fact that priority implies multiplicity. One can have multiple priorities and stratified priorities are nevertheless priorities. To reduce any ambiguity, just note that the wedge-drivers (God save them) have taken it upon themselves to decide our priorities for us.
Discussing cultural issues is, according to the wedge-drivers, definitive proof of having no solution to Costalivin; discussing immigration, crime, censorship in public life, etc. is necessarily a diversion. Given the shallow, often non-existent Costalivin solutions of the wedge-drivers, it can just as easily be argued that their attacks on “Culture Warriors” is also necessarily a diversion.
The wedge-drivers aren’t necessarily conscious of their wedge-driving, but their mentality is generally the same. “Those stupid culture warriors and their divisive Us VS Them tactics. We need to push them out of the discourse so then people like us, those worthy of political participation, can get on with discussing “The Priorities”. It is effectively a way for political participants (especially political commentators) to pull rank on each other.
If Liz Truss and Rishi Sunak were giving speeches about nothing but “men in the women’s bathroom” or “[REDACTED] nonsense in our universities”, that would be one thing. However, despite the crippling un-remarkableness of both candidates, I don’t think it has come to that. Criticising a candidate for failing to have an agreeable answer (never mind a solution) to a concurrent political issue is different to criticising a candidate for having no answer (or solution) to a concurrent issue.
Members of the Tory Party, and the nation collectively, are affected by Costalivin and Kulturkampf (albeit in different ways) and should be allowed (perhaps, expected) to demand effective solutions to both, which necessarily entails the freedom to criticise candidates that fall short of their expectations without being accused of second-hand genocide and in need of censorship, ostracization from the political sphere, etc.
The wedge-drivers don’t want cultural matters to be in the political arena because it would make these matters contestable. By coming out in opposition to the deliberation of these matters, they reveal themselves to be supporters of the status quo; a status quo which denies deliberation and conflict over these matters, leading to the imposition of whatever can be imposed.
Keep in mind: none of this is the same as arguing that certain things are, as a matter of fact, mutually exclusive or heavily contingent on one another. Indeed, wedge-drivers seem blissfully ignorant of the fact that economic policies do have social implications.
It’s one thing to suggest that liberal government handouts, legitimised in the name of responding to a crisis, will drive immigration (legal and illegal) and if one is concerned by the latter, the former is ill-advised. It’s another thing to demand political participants self-censor their concerns about immigration because the wedge-drivers (journalists, policy wonks, commentators, etc.) have decided that talking about immigration is “Culture War Nonsense”, etc.
It is a matter of fact that mass immigration increases demand for houses and that, without any means of placating increased demand, already eye-watering housing costs will increase as well. Given this, one would imagine such a matter would be of interest to Costalivin Warriors, but it isn’t. Why? Because, as I mentioned earlier, earnest solutions are not the “priority”. It’s about preserving a dimension of the status-quo that has come under an ever-increasing amount of criticism.
In summary, the Tory Leadership wedge is an attempt to deny political choice at a time when people need it most. We should not have to choose between low taxes or low crime. We should not have to choose between constructing nuclear plants or controlling our borders. We should not have to choose between building more houses and defunding border-dodging NGOs. We should not have to choose between abolishing the Town and Country Planning Act (1947) and abolishing the Equality Act (2010), etc, etc.
This attempt to declare a state-of-exception on political discourse itself must be resisted. We must not allow wedge-drivers to give the British people the illusion of no alternatives. People are quick to note British democracy’s negative turn; the increasingly common habit of voting for “the least bad option” rather than “the good option”. Though they are right, I fear this is becoming an understatement. Not only is our politics degenerating, so too is our political commentary. The sorry state of our politicians creates political deprivation. The wedge-driving from many in our political commentariat not only makes this deprivation worse, it adds insult to the initial injury: expecting people to listen to you whatever you have to say, after having whittled down almost all their means of response.
Image Credit