Comments by "Aden Wellsmith" (@adenwellsmith6908) on "Interest paid on government debt increases private wealth" video.

Where's the money to pay the debt coming from? Ah yes, austerity. Taxation without services, which decreases the wealth of the population.
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Pensions. The payout on state pensions is 40% of the value paid in, and they are going to cut that. Pension debts decreases private wealth.
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@RobinHarris-nf4yv It's a comparison. For the amount paid in, we know historical rates of NI - very stable. We also have the index of wages over time. So that gives you a very good estimate of contributions historically. Then you can "invest" into the FTSE all share. Represetative of the economy. You work out what people could have had if they retired now. You then need to play it forward. For an average retirement, invest any difference between the state pension income and the income generated by the capital. You also need to take into account, that people have a fair share of the state's penson debts. £600,000. Mr Average is down 2 million over a life time. NI is hypothecated. It's not a tax, its a contribution for a pension [and some minor benefits]
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THey are distortions of the truth for a political end.
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@Pinkdam The financial institutions aren't buying gilts unless the state forces them to. Top of the list is the APF for purchasers. Other central banks again high. But the point remains. Robbing people whilst claiming aren't we being nice, and taking a cut in the process. The state always gets its cut.
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