Comments by "Faithless Hound" (@faithlesshound5621) on "VICE News" channel.

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  8. Years before all these "fat cat" pension thieves like Philip Green and Robert Maxwell, the newspapers and TV screens were full of invective against "fat cat" pension funds, who were alleged to be richer than they needed to be. We were told repeatedly that, since the stock market was doing so well, businesses didn't need to contribute so much, or anything at all, to their employees' pensions. The so-called "pension holiday" that ensued was backed by Tory ministers of the stature of Michael Heseltine. Sure enough, when the business climate took a downturn, the same captains of industry who said there was no need to contribute when the sun was shining said they couldn't afford to pay our extravagant pensions any more. We had the end of final salary schemes and the new slimmed down defined contribution schemes. A whole new set of crooks got into the business of stealing retired and redundant workers' compensation and pensions. Ministers said they were relaxed about pensioners blowing their lump sum on a Lamborghini. As always, ordinary people end up in poverty and the crooks retire to tax havens. Philip Green, for all his financial clout, claimed not to own anything. All his holdings and earnings were in the name of his wife, a full-time resident of Monaco, so he paid little or no tax. Presumably Lady Green was supporting the "journalists" and politicians who hyped up and enabled his wheeling and dealing and tax-free status. Honourable mentions should go to the jet set crowd (Kate Moss, Anna Wintour, etc) who posed for pictures to distract us while he was picking our pockets.
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