Maisie you are being deliberately obtuse, if pensions or other investments were just sitting there it would be true it’s wasteful. It’s not because the cash is being invested and grows to keep pace with inflation, so that we can have a better life in retirement. Along the way it creates jobs and a lot of taxation from those that do have enough, probably the most wasteful activity is the way we all buy what we “want” rather than what we “need”.
We are not going to change the system and live in some kind of socialist utopia, we saw in September what happens when polititians step out of line, we all suffer and the poorest suffer most. Maybe you think the socialist systems in China, Russia, Cuba and Venezuela should be held up as improving the lives of the poorest.
Despite its faults the UK system provides a good standard of life for most, changes do need to be made but no electable government is going to make big changes. If Truss taught us anything it’s step out of line, loose confidence, will cost us all a great deal. The wealthy should pay more, that is likely to include those with quite modest income, that has already started with freezing tax bands.
