A recently reported statistic on BBC news caught my attention, with the factual statment that 20%, or one-fifth of UK council tax payments goes to fund the pensions of retired council employees.
What an amazing statistic that is, in other words, we are paying for the promises of prior generations, who made these claims on their own children and grandchildren. How fair is that? Is it any surprise essential services such as rubbish collection and street cleaning fall by the wayside, when the actual amount of free cash available for these services is constantly shrinking.
I wonder where the graph of future claims like this is heading, unless it is checked now? Quite simply this is another example of what taxes are really spent on. This whole thing is unsustainable, and some people are in for a shock in the years ahead.
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