Posted on 05/08/2018 6:21:14 AM PDT by Oldeconomybuyer
Every 25-year-old in the country should be given a £10,000 Government grant in an effort to solve the yawning economic gap between the generations, a prominent think tank has proposed.
The proposal for a Citizen's Inheritance, to be funded by a revamped, tougher version of inheritance tax, is one of a number of policies proposed by the Resolution Foundation at the end of a two-year study into intergenerational inequality.
The report from the think tank's Intergenerational Commission, backed by business lobby group the CBI and trade union group the TUC, warns that today's thirty-somethings are the first generation to see their incomes dropping compared to when their parents were at that age.
It points out that with record numbers of people renting and unable to get onto the housing ladder, and with many trapped in zero-hours jobs, radical action is necessary to reset the balance.
The proposed universal Citizen's Inheritance would be restricted to spending on a house deposit, or to fund "skills, entrepreneurship and pension saving", the Foundation said.
Alongside the Citizen's Inheritance are other proposals, including a £2.3bn NHS levy, to be funded by new national insurance contributions from pensioners.
It suggests social care should be bolstered with another £2.3bn raised by replacing council tax with a progressive property tax, which would impose bigger fees on those with bigger homes.
(Excerpt) Read more at news.sky.com ...
This is only part of the problem. There are severe structural problems that are more of an issue, like the constant importation of labor and the high costs of living. There’s native Westerner who have trade skills or STEM degrees that are simply being locked out by H1B and H2B immigrants.
The purchasing power of the dollar has significantly eroded as well, I read to have the equivalent purchasing power of the minimum wage circa 1970 today, it would have to be $40 an hour.
The fact of the matter is, there is a real hollowing out of the Middle Class that has been ongoing for decades, and elites has used generational bashing to obscure things. They did the same thing with Gen Xers and calling them all slackers.
Yes, because the UK needs more public debt almost as much as the US does.
If giving £10,000 to every 25-year old is a good idea, why not give them £10,000,000?
“
In the major leftist coastal cities, the American dream is dead except for the upper 15%. You can see them building the future right before our eyes: single family homes - whole neighborhoods of them - are being torn down, and are going to be torn down, replaced by large, ugly, overpriced apartments. “
—
Where,exactly,is this happening?
.
I see plenty of those types in downtown Columbia.
Avoiding downtown is something I do a lot.
“Great idea!”
Sincerely,
Greater London Tavern Owners Association
Various parts of Seattle, and city officials are now talking about major zoning changes to allow declining single-family neighborhoods to be razed for high-density housing.
Addendum: I live in Shoreline, just north of Seattle, and traffic out here has increased about 50% in the last seven-eight years. Big apartments are going in - first along retail strips along the major roads, but later into current single-family neighborhoods, which will be razed to create mixed retail/residential (high-density) hubs, clustered around light rail, initially, but probably - almost certainly - spreading beyond that eventually.
And just where do they think that money is going to wind up?
I assumed that you meant East Coast cities,sorry-——and thanks for the explanation.
Our population is rising and they have got to live someplace,I suppose.
1950s America is gone.
.
From my perspective, living in the Eastern States like New York and New Jersey before moving to PA, there seems to be a dumbing down of the education system which contributes to the problem as well. When I compare what i was expected to know in Grade and high schools compared to what kids get by with today in Math, Science and even History, it discourages me.
How does a disparity in wealth necessarily require a government "intervention" (nice way of saying: expropriation of property at the end of a gun barrel)?
My neighbor's wife is prettier than my wife - how are "we" gonna "solve" that?
Regards,
I agree the education system is garbage as well, it’s a severe structural problem that is multifaceted. To be blunt, the elites of society have to be intentionally doing everything they can to be sabotaging the development of the youth and their ability to work and earn a decent living.
There’s ALWAYS a “generation gap”. As one generation gains experience with age, and accumulates some assets, the younger generation moves up & the elder generation retires or dies off: result, the now older generation has more than the younger behind it.
"That's because the wrong people tried doing it the wrong way; we'll do it right... ."
Swords and guns that have been hidden. Petrol bombs. IED’s (there are ways to get info off the net without Big Brother monitoring), cricket bats, knives.
But you don’t need any of that. Hold a rally in London with several hundred thousand pissed off Brits. If the police start to arrest people then engage in violence. You will need to do this over several days. That alone is capable of bringing down the government.
It isn’t difficult. But it has risk and no one wants to go first. If the good Europeans do not start violently opposing these fascists then you will enter 500 years of darkness.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.