The Great Pension Scam

Pensioners Twenty Percent Off!
Originally uploaded by markltb.

Gordon Brown's great pension scam has finally been rumbled. It took nearly a decade for the public to work out what he had done when he changed the tax arrangements for investment income. It was a subtle wheeze and was hardly noticed at the time, but it has contributed to the disastrous collapse of pension arrangements in Britain.

The brainwave was Gordon Brown's, in conjunction with his young side-kick Ed Balls. About a year before Labour was elected, Brown wrote a piece in the Observer Business section, and it was evident that he was living up to his name, so it was not surprising that he would wreak havoc if he ever came to have power and influence.

As a long-standing campaigner for land value taxation as a substantial replacement for our present harmful taxes, one of the arguments I get thrown at me is that it would be disruptive or too difficult to implement, either politically or in its practical application.

And this is from people who can inflict this sort of thing on the unsuspecting public, leaving millions in old-age poverty.