Re: National Insurance and "Reallocation"
"When I'm unemployed I'm not taking your tax money, I'm getting money back from my Insurance payments"
Semantically, that's correct, and your entitlement is based on the NI contributions you've paid, but in reality, the tax and NI you pay today pays today's claimants, your claims are paid by the people paying tax and NI when you're claiming. There's no pot that your NI goes into where it sits for years'n'years until you draw it out. It's all a pyramid scheme. If the government could be held to account like any other financial services provider, they'd have been smashed to pieces for fraudulant accounting practices decades ago.