Dear Prudence
Martin Daunton: The pension crisis, 19 February 2004
Banking on Death or, Investing in Life: The History and Future of Pensions
by Robin Blackburn.
Verso, 550 pp., £15, July 2002,9781859844090 Show More
by Robin Blackburn.
Verso, 550 pp., £15, July 2002,
“... burden of the Poor Law from local property taxes to the central state. Financing pensions by means of income tax ran the risk of being politically divisive, since it would be redistributive. The alternative was social insurance (Bismarck had introduced such a scheme in Germany in 1889), with a flat-rate contribution from employers and employees, and ... ”