December 10th, 2008

The Tax Base is Fading to Grey

The number of people over state pension age is now officially greater than the number of children for the first time in our history. Today there are 4 people of working age for every person of retirement age. By 2050 there will only be 2 for every retiree.

It takes something like 30 taxpayers to support a bureaucrat, yet the ratio of bureaucrats to productive taxpayers is worsening. State pensions are unfunded. Where in the coming decades are the taxes going to come from to pay for the pensions and bureaucrats as well as servicing the colossal government debt?

Who will bear the terrifying burden?




Another Twittish Tweet from Kerry McCarthy | BBC 
What’s the Point of Our Anti-Business Secretary? | Ruth Porter
HuffPo Hiring Pro-Iranian Mehdi “Act of Desperation” | Fox News
Krugman is Seductive, Simplistic and Unrealistic | Jeremy Warner
Lower Taxes, Higher Growth, the Statistical Evidence | CPS
Bash the Unions, Gatecrash the Quangos | ConservativeHome
I Told You So: Euro is Doomed | Douglas Carswell
PM Speaks for the Nation When Bashing Balls | Quentin Letts
Time for an Alliance | Dan Hannan
Farage’s Plan | ConservativeHome
Guardian Open News is a Failure | Heather Brooke
Balls Calls for Deeper Cuts | Speccie
Lessons from the Thirties | CPS
PMQs Idiots | Harry Cole
Jon Cruddas is Not the Messiah | Dan Hodges

Previously Seen


Peter Botting



Lord Lamont told ITV News…

“I think the PM is just human and Ed Balls is a pretty irritating person”



AC1 says:

Gangsters keep their promises, unlike party manifestos.



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