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I’m not sure that all those school students over the last umpteen years really absorbed the concept that a formula like 15-5+6=16 produces a better situation than 15-0+0=15.

Pensioners are allowed to work and earn some money. If they earn over a certain amount, their pension is reduced. Shame!

If $2 extra income in your hand reduces your pension by $1 how much better off are you?

Unfortunately my example above does not simply refer to kids – there are as many able bodied pensioners in our society who believe that their pension is sacred and that ANY system which reduces that pension is automatically bad, even if they are better off.

What a pity!