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IMF tells UK to consider rate cut to boost growth 
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jonbwfc wrote:
l3v1ck wrote:
No, but you can't condemn them to poverty just to make it a tad easier for everyone else.

That's one end of the argument, the other end being 'the needs of the many outweigh the needs of the few'.


We all know where that one ends.

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jonbwfc wrote:

I have no idea which is more ethical.

Jon


On one hand, we are told that people should be rewarded for saving for their retirement. When it comes to it, though, you get hammered. The issue we have is the bankers, the government, the IMF etc. are all looking at systems. I don’t think they have any space in their analysis for how this will affect people. That’s where it’s not ethical.

Mind you, anyone around my age can probably feel fairly happy that we’ll be the same age as Cameron, Osborne, Clegg et al. when they come to retire. Any plans they are laying will surely be contrived to produce maximum yields for savers around that time. :lol:

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Thu May 24, 2012 11:18 am
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I can't help feeling that they're pushing their austeristy plans so hard because they hope to dangle a few tasty carrots in the final 12 months before the next general election. I'd rather they were honest and accept this as a single term and and stop playing games.

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Thu May 24, 2012 11:45 am
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Paul, I don't think the current mob are thinking about anyone other than themselves.

Everything they're pushing through at the moment seems intent on moving money - from the poor, disadvantaged and median income earners to the pockets of the rich.

It's funny, though. Prime ministers were always old people until recently. Only now we have a PM who is younger than me by a few years. :shock: :lol:

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Thu May 24, 2012 12:13 pm
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paulzolo wrote:
Mind you, anyone around my age can probably feel fairly happy that we’ll be the same age as Cameron, Osborne, Clegg et al. when they come to retire. Any plans they are laying will surely be contrived to produce maximum yields for savers around that time. :lol:

I don't think Cameron, Osborne & Clegg are thinking about that kind of thing to be honest with you. Let's face it, they're going to be filthy rich in their retirement even if they haven't put a single penny away.

Jon


Thu May 24, 2012 1:25 pm
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