1 In 5 Pensioners Are Millionaires.

[johnny.5]

how can we get their money off them and back into society ?

[THECORBYLOON]

Does that claim refer to individuals or to households with at least one pensioner?

[johnny.5]

households

[Stickybottle]

Link to this cataclysmic assumption ?

[THECORBYLOON]

If a household has a couple of pensioners with a combined wealth of a million, neither of them would be a millionaire, would they?

[Lie-in King]

This from last year -

https://fullfact.org/economy/millionaire-pensioners/

[johnny.5]

https://fullfact.org/economy/millionaire-pensioners/
tah dah !

[Lie-in King]

Was I right? I wasn't wrong ;-)

[johnny.5]

for balance
https://www.ageuk.org.uk/latest-press/articles/2021/new-age-uk-analysis-finds-one-in-five-uk-women-pensioners-now-living-in-poverty/

[Peter Pedant]

o god stop your heart bleeding Johnny

The truth is a bit more complex, and depends on what you count as a millionaire.

if it is fixed wealth - such a house ( big house or leedol if in the South) then getting the moolah off them wouild involve shooting them

[Peter Pedant]

am I a brain dead member of AB
indeed I am

[johnny.5]

pmsl

[johnny.5]

Am I facetious?
or just paying too much attention to fine detail ?

[Peter Pedant]

o a household with two 70-year-olds and a combined wealth of a million pounds would fall into these millionaire categories, but whether you’d class both as millionaires is arguably a matter of opinion,

yawn 0 jonny just floated on this thread for fun....
ho hum, the world goes on turning

[johnny.5]

yes exactly that is why it is in cb


Am I Right ?
I'm Not Wrong !

[Stickybottle]

johnny.5
Am I facetious?
or just paying too much attention to fine detail ?
———
Sadly lacking I would say
The Full Fact link proves nothing either way tbh

[New Judge]

//how can we get their money off them and back into society ?//

Why should we want to do that?

It's relatively easy to do. Simply impose an annual "wealth tax" on everybody with assets (including any property) worth more than, say £100,000. Make the tax 20% pa and in five years (or perhaps a bit more as the value of their assets increases, you have relieved them of their wealth.

But once again, why would you want to do that? What justification do you have for wanting to do so? What will be done with all the money confiscated?

[The Builder]

Possibly more to do with property prices than merit Johnners ;o)
Anyway, the wealth is already in society.
It never left it. :o)

[youngmafbog]

I am a millionaire.

Try to take my hard earned money and there will be violence.

[johnny.5]

Nj

I do not wish to lose any of the money I have worked all my life and am hoping to retire in comfort
I will not be anywhere near a millionaire and will still be renting my council house
But I do not want to lose what I think I have been paying into all my life
such as
free prescriptions
free bus pass
but I fear they may soon be gone

[davebro]

Wasn't in Cyprus or somewhere that they confiscated all bank deposits over a certain sum? We could do that & find some grandiose scheme to waste the money on.

( then people would be stuffing their mattresses with £50 notes)