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The Pamphlet Collection of Sir Robert Stout: Volume 74

Old Age Pensions

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Old Age Pensions.

That important question must be dealt with by the coming Parliament, but with little prospect of success until our finances are placed upon a sounder basis. About £250,000 per annum would have been required for the scheme proposed by Mr. Seddon, and three or four times as much, at least, under the modification introduced by the House. The financial question, which is the essence of the matter, was entirely evaded by the Government, and never reached by the House. As to the general question, my opinion is—that if the scheme is to apply to everybody there should be some special tax for raising the money, or that otherwise there should be precise tests of personal fitness so as to prevent the measure from being an encouragement to unthrift.