[Ignitionnet]

Originally Posted by Traduk

BTW nice to see you back ranting on about the favourable treatment of the oldies (even though you are wrong). Perhaps you should consider for a moment just how difficult it is for some oldies to get a decent return on those great mountains of cash without losing a fortune to inflation before seeing the remaining proceeds decimated by tax. Life can be hard but we are all in it together but some of us, with life experience, just grin and bear it.

It wasn't a rant it was stating the blindingly obvious, that the 'granny tax' furore is ridiculous in the context both of other changes and the bigger picture but if you would care for a rant I'd be happy to oblige.

That is, quite frankly, complete ********. From the additional money we pay for goods and services to fund the shortfalls in the final salary pensions we could never have through to the property market that we're frozen out of by later generations using this essential as their pension through to the increased taxes we get to pay for pensions and healthcare for the retired and soon-to-be retired, who in many cases have considerable wealth tied up in property we're hosed.

I'm just outside the generation that is going to be the first in a very long time to be no better off than their parents, I'm relatively fortunate. You're probably in a nice sizeable house, that in real terms cost a fraction of its 'value' now, when you get sick visiting an NHS better funded than ever before, on a state pension getting one 'triple locked' to ensure it outpaces social protection and welfare, and you even, regardless of wealth, get funding for heating bills.

I don't know you personally but your generation is a generation of parasites who sucked the wealth from generations below both through political power and increasing unearned wealth and complain when they have the temerity to demand the same opportunities at wealth and happiness.

People are forced to wait, and wait, and wait to have children because they don't have stable housing, they're too busy paying for your pensions with taxes and then with rent, when housing supply comes up as an issue your generation is out there protesting about having 'your' green spaces taken away, clearly all your housing was built on 100% brownfield, right?

Those of course are the lucky ones, many have flat shares and minimum wage jobs to look forward to.

I'm deeply moved that savings took a hit due to inflation, I also couldn't care less, that's how things go sometimes and it's been going on for a relatively limited time. Previous generations had to manage with it, mine and the below won't in many cases even get the opportunity to collect wealth for a good part of our lives due to having to pass huge swathes of our income up the age chain in rent and will be waiting on yours to shuffle off its mortal coil so that we can finally get a share of the wealth you're hoarding.

Here's hoping that my generation treats the ones below us with somewhat more consideration. I suspect we will given we're enjoying what happens when a generation or two decide to consider younger ones walking cashpoints.

http://www.ft.com/cms/s/0/89d1634c-7...#axzz1u76NtqF6

The Institute for Fiscal Studies noted that the proposed phasing out of the income tax age allowance was a small tax increase for most pensioners – a group that has seen the fastest rise in living standards of any over the past decade.

In the annual post-Budget briefing, Paul Johnson, director of the IFS, unveiled calculations showing pensioners would gain on average 0.5 per cent of their incomes from tax and benefit changes being introduced next month, while Mr Osborne’s freezing of the age allowance, starting in 2013, would reduce their incomes by 0.25 per cent by April 2014.

“This looks like a relatively modest tax increase on a group hitherto well sheltered from tax and benefit changes,” Mr Johnson said.

Clearly Mr Johnson is also wrong about this favourable treatment.

http://www.ft.com/cms/s/0/826aeefe-6...#axzz1u76NtqF6

The latest generation to enter the labour market is doing no better than those that came before, while living standards among people of retirement age are much higher than their forebears’, this interactive graphic of new FT research shows.

The figures are adjusted to take account of family size and uprated to 2009-10 prices. The research underestimates the shift in prosperity towards older people in Britain because it takes no account of housing costs, which are higher for many young people.

I didn't even go into the welfare reform and the impact that will be having on young families and indeed forcing single people to house share until age 35 while leaving a certain other generation basically untouched.

EDIT: I think I will follow in the example of many from your generation though and simply ignore you. I appreciate the truth is unpleasant and it's always better to hear what you want to and read what you want to.