Pension levy will have a devastating effect

AS a public servant I stand to lose out financially as a result of the proposed pension levy.

However, I would be happy to contribute in this time of crisis to help the economy get back on its feet if I thought the Government capable of a carefully considered, equitable approach to sharing the pain, as it were. I cannot support the pension levy because it is neither equitable nor properly thought out.

This proposal ignores the basic principle of the multiplier effect in an economy. Money spent by one consumer generates income for someone else who, in turn, can spend money elsewhere and so on.