Madam – John Drennan's article (Sunday Independent, May 19, 2013) on gerontocracy, highlights the main reason for the political unwillingness to do the right thing for the greater public interest of Irish citizens. A previous minister had crudely phrased it "to throw the next crowd the dirty shirt" after feathering their own nests.
Enda Kenny and Joan Burton have decided that one million Irish workers with no pensions and unsecure employment must be levied to secure 400 Ponzi defined-benefit pension schemes for select citizens. There is not and never was any basic financial logic for these pensions. Irish citizens with statutory redundancy entitlements are levied to pay for bank redundancies of three times statutory redundancies. Last year Enda Kenny decided to top up bank pension pots and ringfence their average €69,000 salaries while levying citizens with no pensions and 2007 unsustainable debt mortgages. Eamon Gilmore was disgusted that Allied Irish Bank's 2007 mortgage customers with double-valued debt whinged about not receiving the ECB interest cut. How dare they not appreciate commercial decisions!
John Bruton, Enda Kenny and Joan Burton are quite happy to create a retirement apartheid in Ireland whereby select citizens are rewarded on the backs of the often harder working less fortunate.
If Simon Harris and the under-40s want to save Ireland then the first thing that must be done is to reject the dirty shirt. No Irish citizen should receive a pension above the contributory level unless they paid for it. If they made extra contributions then these contributions should be rewarded the same as any private pension scheme.
The political class, private sector, public sector and welfare sector incomes should be realigned with incomes of countries like France and Germany. Ireland cannot afford the gerontocrats making financial decisions that have no financial logic.
Gerontocrats have proven that they are not capable of making decisions for the greater public interest and a lot of the decisions that they made were unconstitutional. You cannot as a government go into a room and hand out goodies for yourselves plus select citizens only, while ignoring best practice and the greater public.
The future of Ireland depends on a new political culture and age profile that is capable of making decisions for the greater public interest and based on financial logic.