PENSIONERS BONDS

PENSIONERS BONDS

GOVT BONDS ELIGIBLE ONLY FOR PENSIONERS

Points

IT IS A COMMON FACT THAT WORKERS USED TO SAVE IN ORDER TO EARN INTEREST TO SUPPLEMENT THEIR PENSION. WITH THE DOWNWARD TREND OF INTEREST RATES, PENSIONERS ARE SUFFERING. THE NEW GOVERNMENT SHOULD ISSUE 'PENSIONER BONDS' AT THE RATE OF THE PAST 5%. TRANSFERRABLE ONLY TO OTHER PENSIONERS OR THE GOVT. NO REDEMPTION DATE; ONLY TO THE GOVERNMENT ON THE DEATH OF THE PENSIONER. INTEREST TAXED AT 15%. TAXES COLLECTED ARE TO GO TO OTHER PENSIONERS WHO DO NOT HAVE THE MONEY TO INVEST 'COMPASSIONATE BONUS.

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