Pension Costs

2006-03-28

"The public sector does not generate wealth for UK plc, only spends the wealth the the PRIVATE sector makes for the country. We the tax payer funds the public sector pensions and therefore I feel that the pensions playing field should be level for all."

Today, UNISON were on strike over changes to their pension rights. The comment above came from the BBC news website. It’s an odd point of view; the private sector magically creates wealth, the public sector spends it. So, someone on tax exempt business lunches is creating wealth — at least if they are private sector. I, on the other hand, when researching new knowledge that enables biologists to do new things, am just a sponger, because I work in the public sector.

At least now I understand the PFI: while the NHS would previously have built hospitals using public sector workers, thereby consuming wealth, now they use private sector workers, thereby creating wealth; this is quite remarkable, given that they are doing the same work, paid from the same source, and achieving the same end. Whoever came up that idea must have been very clever indeed.

Originally published on my old blog site.