tag:blogger.com,1999:blog-2761684730989137546.post2539359967319093853..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: John McDonnell says nationalising services would cost nothingmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2761684730989137546.post-32067756772957871772018-02-10T15:05:33.099-05:002018-02-10T15:05:33.099-05:00There's always some complication, but if Labou...There's always some complication, but if Labour ever catch onto MMT, could they sort it out with that? Kaiveyhttps://www.blogger.com/profile/04195639305785321786noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-77823209889779344262018-02-10T12:01:23.587-05:002018-02-10T12:01:23.587-05:00McDonnell has still got to address the thorny issu...McDonnell has still got to address the thorny issue of pensions though. The ultilities are the main mechanism by which pension funds earn income to pay to pensioners in an era of low bond yields. <br /><br />A reduction in income yields for pension funds means greater pension contributions from current workers, because current pensioner benefits are already vested. <br /><br />I'm no fan of pension funds - they are a way of guaranteeing an unfair distribution of production reserved for pensioners - but McDonnell is ducking this question. NeilWhttps://www.blogger.com/profile/11565959939525324309noreply@blogger.com