Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: http://www.socialistparty.org.uk/issue/385/4347

From The Socialist newspaper, 19 March 2005

Pensions - the socialist future

THE SOCIALIST Party argues in its election manifesto that every person has the right to a living pension, which should be based around a socialist pensions policy achieving the following demands:

We estimate these measures would cost around 15 billion a year. But, at a time when the government, the bosses' organisation the CBI and the media say Britain is facing a pensions crisis, how could such measures be afforded?

There has been talk of a looming pensions 'crisis' for years. But this 'crisis' has been caused by the actions of the bosses and the government in trying to boost the profitability of the capitalist system, rather than by workers living longer.

The Socialist Party argues that even within the priorities of a capitalist government in Britain, a much higher level of pension could be immediately paid for by using some or all of the 35 billion a year New Labour currently spend on so-called defence. The 25 billion surplus built up from National Insurance contributions in the last 20 years since the link between pensions and earnings was broken could also be used.

Also the 27 million a year in debt repayment and interest charges the government pays to financial institutions, could all be better used on providing decent state pensions and occupational pensions for public-sector workers.

If tax relief for the richest 2% of fat cats in the British population was abolished that would immediately release an extra 15 billion a year for decent pensions for the majority.

Britain's bosses have been raking it in for decades through the low level of corporation tax they pay and the super profits they have made. If corporation tax had remained at the same level as it was in 1974, over 100 billion extra would have been raised in those three decades.

Bank profits

And, Britain's banks are set to make over 30 billion in combined profits this year. If Gordon Brown imposed another windfall tax on them as he did to the utilities in 1997, after Labour came to power to pay for its job creation programme, that would add another 15 billion to the treasury coffers.

Of course, to do this New Labour would have to attack the profits of their big business friends. However, such measures could be won if the bosses and capitalist politicians felt the pressure of a mass movement on the issue of pensions.

What is really always at stake under a capitalist system is the division of society's wealth between the capitalist class and the rest of us. A mass struggle and the fear of their system being overthrown - as has happened in the past - can force the capitalist governments to concede more than they normally would like to.

But, the Socialist Party's election programme on pensions is only the first step to eradicate the effect of the decades where pension provision in Britain has been run down.

As well as carrying out the above immediate demands, a socialist society would allow pensioners a decent minimum weekly income - of at least 320 a week at today's levels - and ensure that they were not burdened with the cost of paying for accommodation, transportation, fuel or communication.

At the same time, a socialist economic plan would allow more resources to be provided in education, health and social welfare to ensure that pensioners' lives were more fulfilling. Pensioners would no longer feel like second-class citizens and know that they were contributing to society's well being in the same way as every other section of the population.

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.


In The Socialist 19 March 2005:

Blair's pensions climbdown

Pensions attacks: United action can win

Pensions - the socialist future

Why we voted to strike to defend pensions

Anger turns to action over pensions

Fight for a better future

What is socialism?

Iraq: troops out now

Iraq: occupation and the resistance

Bush and the 'democratic revolutions'

'Scary prospect' of US economic catastrophe

Massive strike in France

'Third World Debt' - who gains from Brown's plans?

Oppose Clarke's 'hideous experiment'

Good result for Roger Bannister

Building a new NUT leadership


 

Home   |   The Socialist 19 March 2005   |   Join the Socialist Party

Subscribe   |   Donate  




Related links:

Pensions:

triangleTory prescription for mental illness: stress and bureaucracy

triangleBT pensions review - oppose the attacks on the pension schemes

trianglePlymouth PCS members fight relocation threat

triangleRoyal Mail bosses block strike - back postal workers

triangleSet for national strike action

The Socialist:

triangleSalford Socialist Party: Building the Socialist Party

triangleWaltham Forest Socialist Party: Building the Socialist Party

triangleThe Socialist Inbox

triangleSocialist sales highest in years as mistrust in capitalist media hits record levels

Socialist:

triangleTeesside Socialist Party: 'Fake' Trump! What's really going on in the US?

triangleTheatre: 'Young Marx' shows growth in great platform for his ideas

triangleSocialist Party women's meeting brings together members to share experiences

Pension:

triangleUCU members balloting for action on pension cuts

triangleThe Socialist inbox

Socialist Party:

triangleSouthern Socialist Party conference

Manifesto:

triangleAbolish tuition fees and student debt!

Election:

triangleAmy Murphy for Usdaw president - vote for a fighting and democratic union

Capitalist:

triangleTrump's incendiary Jerusalem statement reignites Israeli-Palestinian conflict

Britain:

triangleSalford Socialist Party: Britain in 2018

Reports and campaigns

Reports and campaigns

17/1/18

Women

Socialist Party women's meeting brings together members to share experiences

17/1/18

Newham

Packed Newham meeting against academies

17/1/18

Liverpool

Lobby pushes Liverpool council to oppose privatisation

17/1/18

Barking

Heating scandal on east London estate

17/1/18

Policing

Undercover policing legal challenge

17/1/18

Woolwich

No to the Woolwich monster block

17/1/18

Union

Workplace news in brief

17/1/18

Union

PCS union 2018 elections - nominate the left slate for a continued fighting leadership

17/1/18

Hackney

Hackney school cleaners strike

17/1/18

RMT

RMT strikes against driver-only operation continue

17/1/18

Yorkshire

Ferrybridge: Workers down tools over unpaid wages

17/1/18

Cuts

We must fight all council cuts!

17/1/18

Socialist Party

Southern Socialist Party conference

16/1/18

Birmingham

Home care workers to strike

12/1/18

Waltham Forest

Outrage against 'monster block' plan

triangleMore Reports and campaigns articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party

triangle17 Jan Corbyn's Labour needs 100% anti-cuts strategy and fight for democracy

triangle17 Jan NHS crisis: under pressure from all angles - end cuts and sell-offs!

triangle17 Jan We must fight all council cuts!

triangle16 Jan Home care workers to strike

triangle15 Jan Carillion crisis: Demand action to save jobs and services

triangle12 Jan Outrage against 'monster block' plan

triangle12 Jan Mini-strike wave continues and intensifies

More ...

triangle23 Jan Bristol North Socialist Party: 'You can't have capitalism without racism' - was Malcolm X correct?

triangle23 Jan Cardiff West Socialist Party: How the Poll Tax was beaten

triangle24 Jan Caerphilly Socialist Party: The Carillion scandal

triangle24 Jan Cardiff Central Socialist Party: Carillion collapse - Watershed moment for public services

More ...

Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

Archive

Archives:

January 2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

Legal

SP RSS feed RSS

Platform setting: = No platform choice

V2