Today's green paper will lay out various options. On retirement, everyone who can would pay a lump sum of around £20,000 up front and nothing ever again. Or that sum could be attached to the value of their home, deducted from their estate after death along with accumulated interest. Or, if you delay retirement and don't draw your state pension for three years, the sum would be waived altogether. These could be mixed and matched by paying a portion up front, and having a portion attached to the value of your home.
One thing is plain: if the scheme is to work, then paying this £20,000 will have to be compulsory for all – or at least for the 70% who own property and savings. Polling showed only 15%-20% would pay up and join the scheme if it was voluntary: the rest would take their chance with the care roulette wheel, hoping for the best and risking losing everything. But unless all join, this universal insurance plan won't work.
No, no and thrice no, you evil fucking bitch: as Timmy has pointed out, we all have a universal insurance plan, and it is already compulsory—it's called National Insurance.
Money must be found, since the quality of care is well below any acceptable standard. Even without improvement, there will soon be a £6bn funding gap. The average cost per head is £30,000, varying between the drop-dead lucky ones who pay nothing and long-term Alzheimer's cases who may pay £200,000 for years in a nursing home.
This National Insurance that I spoke of, Polly. You remember it? Maybe not, since I am sure that your accountants have worked out a way for you to dodge it.
However, we fucking proles have to pay it and, this year alone, I will pay £2,570 into it; my employer will pay another £2,991—a total of £5,561.*
Let us assume that, over my working life, I and my employers pay roughly the same amount in every year, shall we? Assuming I retire at 65 (fat fucking chance, by the way), how much will I have paid in over my lifetime of 44 years, Pol? Can you do basic arithmetic? Come on, Pol, come on...
Yes! That's right, Polly. Over my working life, I will have paid £244,684—a reasonably substantial sum. So far, in my eleven in employment, I have claimed not one single penny of that. So, that's a pretty nice profit that the government is sitting on.
Of course, that's the point about insurance: it spreads the risk. But the other point is that insurance funds are supposed to be just that—actual funds that exist and which can pay out if necessary. Insurance companies, by law, have to have a certain size of fund (as do pension companies).
It also helps if said funds are invested and then bring in a bigger return—or, at the very least, bring in enough to offset the fall in the value of the fund caused by inflation—than if the money had been put in a sock under the bed.
Unfortunately—and I am becoming weary of pointing this out to morons like you, Polly—the government has not actually been doing this. It has been taking the money and using it as income: there is no fund, and no investment. So of course there is a fucking shortfall, you moron—not least because the government keeps paying out to people who have not ever paid a fucking penny into the fund!
Not only this, but the government has been using most of the money paid by new investors, i.e. young people, to pay out to early investors, i.e. old people. This is what is known as a Ponzi Scheme and Bernie Madoff was imprisoned for a silly amount of time for running one.
Whatever you think of NICs as an idea, what I have outlined above is the reality of what has been happening—it is a fraud. Given all of this—given the failure of successive governments to run this compulsory fucking scheme honestly or competently—you approve yet more demands on our money?
You advocate that we should be forced to give yet more of our money to the state, when the state has failed to honour the promises that it made when it took the first lot?
You advocate the stealing of yet more cash so that the state can carry on blithely perpetrating a massive fraud on people who have no option but to pay into it?
At what point, Polly, you loathsome fuckwit, is it going to dawn on you that giving money to politicians is a really fucking stupid thing to do? When are you going to realise that these bastards never fulfill their promises?
Go fuck yourself, Toynbee: you make me sick, you fawning fucking state lapdog. Go on, fuck off and die.
* Plus, of course, I pay for private health and unemployment insurance, and a private pension, on top of my NICs. These private options cost less than my NICs contributions alone.