Get It Quietly

Football, bollocks and a bit of poker if you're lucky.

Location: Enfield, London, United Kingdom

Saturday, March 11, 2006

Old People ? They Don't Know They're Born !

I can't be having with this. I was reading a book by PJ O'Rourke the other day where he was jokingly comparing Social Security to a giant Ponzi scheme. Frankly I could see his point. We're all paying the dividends for the previous investors, in the hope that the next generation will do the same for us. Hmmm. I wonder what's going to happen in the end ?

We aren't going to get a bowl of rice. And as for people coming into the employment market at 18 now, you're having a laugh. If you're making more money than you need, whether it's through poker or more traditional means, buy a property as soon as you can and stick the rest under a mattress. Make sure you buy some planks to nail across the windows too when all the bills finally come in.


Blogger David Young said...

Andy, I totally agree with you. The old are often portayed as being poor, but actually there has never been a time in UK history when it's been better to be old. It's not just the social security ponzi scheme, which of course they voted for, but also the appreciation of the property market after they bought their homes. That's in part due to this country's shockingly low level of new home construction, which makes it hard or impossible for first time buyers to get into the market. Older people have in general supported campaigns to restrict new property development. Bastards!

I have been meaning to write about this on my site.

7:38 PM  

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