The Irish government plans to institute a tax on private pensions to drive jobs growth, according to its jobs program strategy, delivered today. Without the ability sell debt due to soaring interest rates, and with severe spending rules in place due to its EU-IMF bailout, Ireland has few ways of spending to stimulate the economy. Today's jobs program includes specific tax increases, including the tax on pensions, aimed at keeping government jobs spending from adding to the national debt Read more: http://www.businessinsider.com/iris...-to-pay-for-jobs-program-2011-5#ixzz1M0jiY36I
Oh well at least they making the baby boomers pay for the situation. If they tax pensions that means less money will be invested in the economy from the lending or share investment that saving creates. They are just changing from private to public spending to make the government look as though it is doing something.
If it is any consolation to you they are going to lose their pensions in a couple of years anyway. Or at least have them inflated away to worthlessness.
Wow, what a misguided and immoral policy. Lesson - if your politicians and business establishment fuck up, they will raid your pension fund and tax the shit out of it. Because multi-millionaires splurged on champagne, caviar, blow and hookers, pauper pensioners will have to eat soup and beans in their old age. Real social justice right there for you!
Yeah. That is exactly what it is. Governments aren't there to serve the public they are a protection racket at best who take money from you to 'protect' you. They spend all the money on themselves and their hookers and steal from people especially the poor.