The definition of a pension is a periodic payment in consideration of past services and that of an old-age pension is of a state allowance to aged people.
I am sick of reading about bankers on €500,000 pensions and many of the Muppet politicians who fast-tracked the economy into the state it’s in are being paid €200,000 in pensions yearly. I won’t even get into the Croke Park Agreement here, but when the people of Ireland are having to pick up the tab for a bail-out we didn’t ask for and facing new taxes on a yearly basis somebody has to ask the question: “Where does it end?”
Why on earth would anybody require €500,000 or even €100,000 of a pension each year? Come on, pensioners receive around €10,000 of a pension per annum with a small fuel, electricity and phone allowance. There is talk of making them pay for travel and TV allowances, which, when you think of our TV coverage and transport system, is a bit rich!
But, seriously, first they are panicked with the threat of Medical Cards being withdrawn from them, then they are charged prescription fees and yet we allow banks to pay grossly over-inflated pensions to people who played their part in our current financial crisis.
I have to mention the increased banking charges, because that’s exactly what they are when customers have to maintain €2,500 in their account to avoid quarterly charges. Also, the banks have dropped deposit rates to a negligible figure, whereas I don’t notice too many breaks to those with mortgages! This is after the previous government kept the banking system afloat with a bail-out, which future generations will be lumbered with as I am bored hearing about our ‘Special Position’ and what a great role model the Irish are in taking their medicine. Let’s see the colour of your money Merkel and keep your platitudes.
As for Enda Kenny becoming the first Taoiseach since Lemass in 50 years to grace the cover of Time Magazine, well that and a couple of euro will get you a cappuccino! I’m sure that all those parents worrying about another cut in the children’s allowance will be enthused by that!
It’s time that Michael Noonan got tougher on the banks. If the law needs changing to do so, then let’s do it. God knows we have referendum after referendum in this country, so why not another one. Instead of setting up a commission to prepare yet another report on the Seanad, why not include that in a special referendum as well? We can vote on more than one issue at a time you know!
As for the property tax: how can you even think of charging more when there is so much uncollected? Threats of cutting back on local services to all of us just because a certain target is not reached in collections smacks of absolute hypocrisy. I would suggest that it might be time for the lunatics to take over the asylum but I believe I’m too late.
The temptation is to stay “Stop the world and let me off” or in Ireland’s case hope that the last person to leave the country will turn out the lights but that would be defeatism. Politicians only react when an election is in sight and the general public are infuriated to see deputies on €92,000 minimum plus expenses. Not forgetting ridiculous pensions to cushion them as they can afford to enjoy early retirement.
Now is the time to do something about the situation! This government needs to tackle the banks, tackle all pension funds and ask themselves why they are earning over €100,000 a year, whilst people who worked all their lives are scrimping and saving on a tenth of that and being hit with property taxes, water taxes etc, etc.
As for the self-employed with no recourse to dole assistance if they are out of work and frozen diminishing pension funds… It’s a great country isn’t it folks? Do something about it now!