Quote:
Originally Posted by Sephiroth
Didn't the Nazis decide that the Jews were too privileged to be allowed to keep their wealth?
You'll no doubt rail against me for making the comparisons with the Nazis - but it's valid in terms of bemoaning the possessions of those who had no control over the times in which the lived, worked and saved.
And what do you mean that these so-called 'boomers', a term I deplore, that the should pay something back out of their pension pot? That's the politics of envy and criticises people who have lived, worked and saved in good society faith. To want to dip into their savings is disgraceful.
Society is struggling with mixed cultures, over-population and poor government. There is no reason to attack the 1964-64 cohort.
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I call Godwin’s law.
I’m also disappointed that someone who comments so forthrightly as you do on economic matters apparently doesn’t understand that pensioners are not being paid the money they have saved. Current pension liability is paid out of current income, whether that be tax in the case of the state pension, or contributions and investment income in the case of private pensions.
You did not save for your pension, you paid out for your parents’ and your grandparents’, and in return the benefits you would get when the time came were defined for you. Defined, as it turns out, in a way that was totally unsustainable.
The baby boom generation has, by a mixture of luck and design, contrived to have its welfare and its pension benefits defined, whereas those coming up afterwards have only their contributions defined, and lack the inflationary circumstances and the access to the housing market that might make up some of the shortfall.
Much of the financial well-being experienced by boomers was the result of the politics of their generation. Redressing the balance must be the politics of the present generation. I would dearly love to see a genuine, one-nation Tory government lance that boil, because if it doesn’t, all it will take will be a lot of young, angry people suddenly to realise they might try voting for someone else to have a go. Then you’ll properly understand what the politics of envy looks like.