Cable Forum - View Single Post - Over 60s Should Be Encouraged To Downsize

Ignitionnet · 31-10-2011, 21:40

You're rather wasting your time personalising things with me given I'm in the evil top 5% in terms of income, though oddly bottom 20% of assets due to the whole generational thing.

While I appreciate your personal story it's quite irrelevant - it doesn't change that taxes will be going up to pay the boomers' health care bill, over half the NHS budget goes to retirees and the boomer cohort is massive, those of us coming after will retire later and in most cases with poorer benefits, housing costs generation X triple or more what it cost you, your generation hasn't left much of a legacy of infrastructure and rather than following the responsible Norwegian model spent one-off windfalls on, well, what did it go on I'm still not sure, and are furiously clinging on to the proceeds.

We've had mass immigration for one reason and one reason only from the economic angle, to provide enough tax payers to fund the large generation of retirees who will need health care and welfare. The numbers of immigrants almost perfectly match the shortfall between generations X/Y and the boomers.

Regardless of your personal story this is how it is. The housing ladder that you may have had to work hard to get onto is for many an utter fantasy now however many jobs they have and they've been forced to delay having children as a result, rents have never been less affordable, demand for housing has been increased hugely by immigration forced through the pensions ponzi scheme while certain demographics protest against building and have a planning system sympathetic to protecting their assets.

Malicious or not, victims of fate or not I personally have every right to be frustrated and exasperated with how things are, those who come after me or who may not possess my earning power and are looking to a future with not a lot of silver lining have every right to look back at the past enviously.

http://www.dailymail.co.uk/news/arti...r-parents.html

That extra wealth quite simply didn't materialise from nowhere, it's come from the generations following through their borrowing and in turn work to repay that borrowing, their worse pensions to cover previous defined benefit schemes, their taxes.

Those are the simple facts of the matter, I really couldn't care less whether you think everyone younger than you is vindictive or not, apart from some ignorant sods it's nothing personal I know, it's just your generation's politicians mortgaged us to keep you sweet.

31-10-2011, 21:40	#87
Ignitionnet Inactive Join Date: Jun 2008 Location: Leeds, West Yorkshire Age: 47 Posts: 13,995	Re: Over 60s Should Be Encouraged To Downsize You're rather wasting your time personalising things with me given I'm in the evil top 5% in terms of income, though oddly bottom 20% of assets due to the whole generational thing. While I appreciate your personal story it's quite irrelevant - it doesn't change that taxes will be going up to pay the boomers' health care bill, over half the NHS budget goes to retirees and the boomer cohort is massive, those of us coming after will retire later and in most cases with poorer benefits, housing costs generation X triple or more what it cost you, your generation hasn't left much of a legacy of infrastructure and rather than following the responsible Norwegian model spent one-off windfalls on, well, what did it go on I'm still not sure, and are furiously clinging on to the proceeds. We've had mass immigration for one reason and one reason only from the economic angle, to provide enough tax payers to fund the large generation of retirees who will need health care and welfare. The numbers of immigrants almost perfectly match the shortfall between generations X/Y and the boomers. Regardless of your personal story this is how it is. The housing ladder that you may have had to work hard to get onto is for many an utter fantasy now however many jobs they have and they've been forced to delay having children as a result, rents have never been less affordable, demand for housing has been increased hugely by immigration forced through the pensions ponzi scheme while certain demographics protest against building and have a planning system sympathetic to protecting their assets. Malicious or not, victims of fate or not I personally have every right to be frustrated and exasperated with how things are, those who come after me or who may not possess my earning power and are looking to a future with not a lot of silver lining have every right to look back at the past enviously. http://www.dailymail.co.uk/news/arti...r-parents.html That extra wealth quite simply didn't materialise from nowhere, it's come from the generations following through their borrowing and in turn work to repay that borrowing, their worse pensions to cover previous defined benefit schemes, their taxes. Those are the simple facts of the matter, I really couldn't care less whether you think everyone younger than you is vindictive or not, apart from some ignorant sods it's nothing personal I know, it's just your generation's politicians mortgaged us to keep you sweet.