Latest Peice Of "genius" From Some "think" Tank!

[ToraToraTora]

So us older folk who have worked and saved all our lives must bale out the kids because the little darlings are finding it too difficult? Life is difficult life is unfair, get on with it.

[ToraToraTora]

link: http://www.bbc.co.uk/news/business-44029808

[Quoi]

i checked to make sure it wasnt april the 1st again.

[TheChair]

It's you older folk who have consistently voted for policies which skew the money towards those who already have that are responsible for the problems of the little darlings.

[Gromit]

You should take your own advice:

// life is unfair, get on with it. //

[dannyk13]

Left wing pie in the sky.

[vulcan42]

Fiction: Give 25 year old £10,000.
deposit for house
start business
improve education
Fact: give 25 year old £10,000.
buy car
go on holiday
have a good time

[youngmafbog]

Very ill thought out:

Give £10,000 to all young adults at the age of 25, funded by a new "lifetime receipts tax" that would replace inheritance tax.
Many no longer inherit due to care home fees so how much will it yield.

Give someone £10K at 25 and what is it going to be spent on?

Scrap council tax and replace it with a new property tax targeting wealthier homeowners

OK, so will be seeing some homeowners forved out of their now expensive homes - that's a vote winer.

Use the proceeds from property tax reform to halve stamp duty for first-time buyers and increase public funding for social care

They appear not to be up to date unless they also think first time buyers should be paying more than 1/2 mil (Only in London should this be an issue)
"At Autumn Budget 2017, the Chancellor of the Exchequer announced relief from Stamp Duty Land Tax (SDLT) for first time buyers. The relief applies from 22 November 2017 to purchases of residential property for £500,000 or less, provided the purchaser intends to occupy the property as their only or main residence."

Make earnings of those above state pension age subject to National Insurance contributions

Unless they put it on savings I this will yield jack.

[Old_Geezer]

Already mugged of savings income due to unfairly low interest rates, they now want the generation who have had it better than previous ones, due to accumulating wealth in the country over time, to be able to grab even further finance from the older prudent generation to gift to themselves.

The property ladder may be a little more difficult to get onto now, but it was never easy nor without sacrifice, and present issues would cease if we stopped increasing the population year after year and expecting to resource the continuing growing demand.

I think some think tanks get caught up in agreeing with/backing up other members of their group, and encouraging their suggestions, whilst forgetting to check with reality and the consequences of their wild flights of fancy.

This won't help social cohesion, it's divisive to abuse one section to gift to another, will exasperate any differences of opinion and accelerate any widening gap.

[ToraToraTora]

gromit: "You should take your own advice: " - in what way have I not?

[Hopkirk]

I will have to work beyond retirement age, but this think tank wants to change it so I have to pay NI.

However the better off pensioners, some with cozy civil service index linked pensions, wouldn't be hit.

Is this a fair system?

[ToraToraTora]

Yes OG the property ladder was never easy to get on. I never got a leg up, worked hard saved hard, simples.

[douglas9401]

M'lord Willets and his talented team seem to want to prop up the bloated housebuilding market by making it easier for the unwary to throw even more cash at property companies keen to sell brick-clad sheds at way above their actual worth.

[Garaman]

Something needs to be done to give the youth a better chance as a lot of oldies have made fortunes at their expense. I'm not sure this is quite right though.

[Old_Geezer]

No one has made a fortune at their expense.
Accusations that they have are offensive.

[Garaman]

Be offended if you like, OG, it is a fact.

[sunny-dave]

No it's not a fact - repeating a meretricious falsehood a thousand times does not make it a fact.

[Garaman]

Here they come, the oldies protecting their wealth.

[sunny-dave]

Nope - merely protecting the English Language.

You are making an assertion, not stating an undeniable proven fact - it may or may not be true - simple repetition is not (and never will be) proof of anything.

[Old_Geezer]

As much a fact as snow is hot.

Just had another look at the article. Interesting graphs. The first shows pay least advantageous to baby boomers. The next show a lack of house ownership among the younger generation, due to excess demand putting up prices and less willingness not to wait for something desired. The third indicates how poorly perception of things one has no experience of matches to reality. Helps nail the nonsense in the suggestion of milking the elderly.