Market Talk – October 31, 2024
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 196.14 points or -0.50% to 39,081.25 • Shanghai increased 13.59 points or 0.42% to 3,279.82 [...]
UK Strips 86-Year-Old of Pension because She Saved £50 a Month
An 86-year-old widow who contributed every week to her pension while working was stripped and left destitute after her local council took away her $50,000 life savings. They claimed she saved too much money and was only allowed to have a maximum of £16,000 in savings. She was a former chambermaid and received means-tested housing benefits where she lived. She saved £50 a month for 20 years to be able to be independent in her old age. The government has not merely left her destitute, they are still raking her through the courts and demanding fines and penalties.
This is a classic example of how socialism works.
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