Thursday, June 16, 2005

Pensions again

Max Hastings raises the interesting point that the pensions 'crisis' may not be so hard to solve after all, given the easiest way to solve it is to stick it to the young, who don't tend to think much about it and thus will not get to upset (though Hastings himself rejects this point).

I think it's a reasonable idea. The simplest way to do this would be to double the State pension and pay for it by huge amounts of government debt. This is now therefore this site's official position on solving the pensions 'crisis'. My concern is at the tender age of 30 I might still count as the 'young' in this situation. So I also advocate delaying the implementation of this policy for 25 years.

Two more simple ways of dealing with the 'crisis', an increased birth-rate or mass immigration of young people from abroad both seem unpopular with those who bleat on most about the pensions 'crisis', which is strange.