PENSIONS

Bay of Plenty Beacon, Volume 14, Issue 43, 26 September 1949, Page 4

PENSIONS

Sir, —Pensions, as we see them, are not freedom of the subject. Instead of assisting prosperity as it should do, it is detrimental to the nation at large; through increasing txation. Now there can be such a thing as “Free Pensions” with taxation or means test. Government can pay-out those pensions on behalf of the people in the form of Treasury Bills (these bills would only cost a few shillings per 100). This money would be subsidised consumer credit, and increase the purchasing power of the community without txation; thus lowering costs to the producer consumer. But the point that so many people fail to realise is that in peace time extra money must be created; and freely paid out to consumers in one form or -another (such as Free Old Age Pensions). Otherwise “useful” employment will be unobtainable for thousands of workers, for the reason that industry cannot supply enough money or wages or dividends, etc. to buy all that is produced. So when Mr Nash learns that subsidies from the treasury benches “can” be' written off free of costs! Then he will lose his headache over stabilisation of the common man. So a little less socialised security And more freedom in pensions! Mr Nash, Yours etc., W. BRADSHAW.