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[Politics] Are baby boomers taxed enough?

Are baby boomers taxed enough?

  • No, there needs to considerably more taxation of their wealth

    Votes: 56 36.1%
  • No, they need to be taxed a little bit more

    Votes: 24 15.5%
  • They're taxed about the right amount

    Votes: 42 27.1%
  • They're taxed too much, they need more tax relief

    Votes: 33 21.3%

  • Total voters
    155


The Clamp

Well-known member
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Jan 11, 2016
26,109
West is BEST
What the twats that start these threads fail to take account of is the absolute hell that the parents and families of these so called boomers had to go through in WW2. None of these Gen A to Z whatever’s have any conception of what it’s like to be at war and have family members dying as a result, not to mention living under the constant and real threat of nuclear annihilation.
Whilst I suspect we generally agree on a lot of things, I think this is an odd post.

Boomers have no idea what it’s like to be at war either.
 




LamieRobertson

Not awoke
Feb 3, 2008
48,375
SHOREHAM BY SEA
Maybe you are.

Median wealth amongst those in their early sixties is 8 times higher than those in their early 30s.

Younger generations are unable to get on the housing ladder and therefore live in rented accommodation when costs are higher. This means their out going costs are higher which eats into any savings they try to build up.

You may experience something different, but this is the trend.

I live in a house that is worth a lot of money. I don’t work any harder than younger generations that will never see that.
No may about it ..and having children I’m not blind to the challenges that are out there
 


The Antikythera Mechanism

The oldest known computer
NSC Patron
Aug 7, 2003
8,072
Whilst I suspect we generally agree on a lot of things, I think this is an odd post.

Boomers have no idea what it’s like to be at war either.
I guess the fact that I was told from a young age that my Grandfather was murdered by the Russians at Katyn for the crime of being a University Professor and my Dad managed to escape from a train on the way to Siberia, after his family lost everything, and eventually made his way through Switzerland to eventually join the British 8th Army made it pretty real to me. Add the fact that my Dad fought his way through North Africa, into Italy before being wounded in the horrendous carnage at Monte Cassino and was 16 when he joined the army and was just 19 in 1945. He lost his family, home and education but still made something of himself here. I wasn’t there but it’s still very real to me nevertheless.
 


dazzer6666

Well-known member
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Mar 27, 2013
55,404
Burgess Hill
I guess it’s purchasing things on the never-never? Which happens more today than it used to I reckon.
So many young blokes I know buzzing around in Audis and BMW’s that they have on the drip. That they’ll likely have to give back when they can’t afford a £5k balloon payment.
That’s exactly what the manufacturers and dealers want though - they literally don’t want you to pay the balloon payment. Have a 3 or 4 year PCP, at then end of the term hand the car back and get a new one (on another lucrative PCP obviously). Flash then gets to run round in a brand new car for another 4 years at more or less the same cost.
 


Berty23

Well-known member
Jun 26, 2012
3,636
Nobody said they shouldn't get some money, it's the amount the grubs take and what they piss it up against the wall doing with it.

Government should only have a few tasks in society. They over step that role greatly in how and what they dictate to society.

If parents have 3 children and they inherit that money they too can now go a long way to owning their own home.

Tax that money heavily and they then lose that financial clout to do so.
The people from work in the 20s who I know don’t live at all like I did in my 20s. We were always pissed and most of me and my mates had mortgages. It is so much harder for the youngsters now it is almost surreal it has got like this.

I just don’t see how it is sustainable.
 




The Clamp

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Jan 11, 2016
26,109
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The people from work in the 20s who I know don’t live at all like I did in my 20s. We were always pissed and most of me and my mates had mortgages. It is so much harder for the youngsters now it is almost surreal it has got like this.

I just don’t see how it is sustainable.
It isn’t sustainable. We are a few years away from societal collapse.

Just like every civilisation before us, we are crumbling.

The only problem we have that they didn’t is that every single country on earth is now part of the same capitalist civilisation. So when it goes down, everyone goes down. Total collapse.
 


Weststander

Well-known member
Aug 25, 2011
69,166
Withdean area
I missed this thread because I have the OP on ignore and it's only because I looked at Forums, that it showed up.

Yes, you're right, many of my generation have zero pension. I was born just post war, and women were expected to stay at home to look after children when they got married. I did try to get a job when my son was two years old and got hassle at work from a couple of people because I was working full time to help out the household budget. My MIL looked after my son because there was no child care facilities in the 70s. Women paid a 'small stamp' or married women's stamp, and contributing years were covered by receiving child benefit (but not for the first child).
I had to give up when my son got German Measles as MIL decided she couldn't cope!

I went to work part time four years later, as the firm I worked for had the excellent idea of part time hours from 10-2, so enough time to drop the children off at school, and be back in time to pick them up. BUT part timers couldn't join the pension scheme (sex discrimination as fought in the High Court 2003)
So much for discounts eh?

Many women found themselves with a miserly pension; £11 a week for someone I knew when she became a widow.

Oh yes, we were the golden generation alright. I did pay full stamp by choice even though it left my weekly wage short at the time because I wanted a pension in my own right. I also contributed to SERPS until the time I could go full time and join the pensions scheme.
I get the princely sum of circa £17K a year in pensions and pay tax on that.

There is a good reason why I have the OP on ignore. It's called his ignorance.

Ditto. I spotted the thread from the nsc main page.
 






BLOCK F

Well-known member
Feb 26, 2009
6,720
Fortune and fortunes come and go and can change dramatically through the generations.
On my father’s side, my ancestors were mainly fishermen and crofters in the Outer Hebrides. Very poor folk who struggled for a living. Fortunes changed when my father’s grandfather sent some of his 8 children to the mainland of Scotland for an education. My grandfather became a marine engineer and his two sons, my father and his brother became doctors. Their great grandfather was an illiterate fisherman. My mother’s side came largely from farm labourers in rural England and they never had any money. My mother left home, became a nurse and married my father. My sister and I are comfortably off, but my offspring struggle, although one has a decent job, the other two have problems that I won’t go into here. None of them will have what I had materially at their age, that is in part down to lack of aspiration, but equally due to cost of housing. Yes, if my wife and I don’t need care in our dotage that costs a fortune, then they will inherit some dosh, but even so, my progeny will be less well off than their parents.
After all that waffle, I’m really just saying that however one wants to tinker or alter the tax system to put right perceived societal and generational injustices, it really isn’t going to work, there are too many other variables.
IMHO, two of the biggest problems in our country today are the cost of housing and the cost of social care. Difficult to put right, along with the funding of the NHS. Future politicians must grow some balls and properly tackle these issues, especially if, like some on here, there is a wish to tax boomers wealth. There seems to be a lack of awareness that people of a certain age who have accumulated a degree of wealth do so in the knowledge that they know how much they may have to spend on care costs down the line! If you tax them on this wealth, then they will have less dosh to pay for their own care.
P.S. Mother in law’s nursing home is costing £5000 a month and she is rapidly running out of cash. When she does so, the taxpayer has to step in. There are no easy answers.
 
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BLOCK F

Well-known member
Feb 26, 2009
6,720


Bombardier

Well-known member
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Jul 22, 2004
869
Hove actually
The results of this poll are indicative of why young people are in this hopeless mess.

Simply, the boomers vote, and will never give up their undeserved acquired wealth if they can help it.

The pitchforks are coming though. It's worth finding a solution democratically before things start to get ugly.
Undeserved? Really? I have worked bloody hard to have what I have and went without for a few years when the mortgage was crippling etc, etc. Jog off you leftie twat!
 




cjd

Well-known member
Jun 22, 2006
6,298
La Rochelle
There was a chronic housing shortage due to the bombing. As my Dad was a regular in the RN, we had to live apart for long periods because there were no married quarters. Pompey and Plymouth were flattened. I can remember seeing bomb ruins in Pompey when we did live there for a year, and grave warnings at school about unexploded munitions.
There was a reason thousands and thousands of prefabs were built, even in Brighton up Wilson Avenue. My Aunt & Uncle lived in one.
Another reminder from my past re "prefabs".

I lived in one, in Mountsorrel Leicestershire for a while with my aunt and four cousins. My parents and brother lived in a one room flat in Brighton. It was only for about 9 months, but I don't ever remember complaining about that...or that I only saw my mother on rare occasions when she could afford to visit. I think this was in the very late fifties..? I was 7 years old.

I top and tailed it in bed with two of my cousins.

We never had it so good , us boomers.
 
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Berty23

Well-known member
Jun 26, 2012
3,636
Undeserved? Really? I have worked bloody hard to have what I have and went without for a few years when the mortgage was crippling etc, etc. Jog off you leftie twat!
A few years is different to what people face now which is 30!
 




Thunder Bolt

Silly old bat
Whilst I suspect we generally agree on a lot of things, I think this is an odd post.

Boomers have no idea what it’s like to be at war either.
To be fair his post said parents and families of these so called boomers had to go through in WW2. not the Baby Boomers themselves.
For example, my Dad was 19 when war broke out and 25 when it finished. His youth was stolen from him. He didn't marry until 1947.
 


Thunder Bolt

Silly old bat
Getting married need not cost very much at all. It is the cost of the OTT wedding ceremonies that some people deem necessary that cost the dosh!
I agree. I got remarried in 1993 and hardly paid anything. Friends and relatives chipped in, making a cake for the price of the ingredients, a friend did our photos as a wedding present, and a dear close friend bought my outfit.
 


The Clamp

Well-known member
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Jan 11, 2016
26,109
West is BEST
Why shouldn’t people be able to live like “boomers”?
Apart from the environmental impact, which every generation contributes to.

Why can’t we all have decent pensions, jobs for life, superb free healthcare, social mobility. affordable housing?

I mean, I know why. Successive governments have drawn money and resources away from working people and put into the accounts of the super wealthy.

Things get better under labour but they haven’t made a huge effort to stop the transfer of money into the hands of the wealthy and powerful.

It was a golden era and I don’t blame anyone for making the most of it. Who the heck wouldn’t?
 


The Clamp

Well-known member
NSC Patron
Jan 11, 2016
26,109
West is BEST
I agree. I got remarried in 1993 and hardly paid anything. Friends and relatives chipped in, making a cake for the price of the ingredients, a friend did our photos as a wedding present, and a dear close friend bought my outfit.
I know someone who recently paid £600 for a wedding cake.
Fruit cake, marzipan, some icing.
Total rip off and anyone happy to pay that can’t complain about costs!
 




BLOCK F

Well-known member
Feb 26, 2009
6,720
I agree. I got remarried in 1993 and hardly paid anything. Friends and relatives chipped in, making a cake for the price of the ingredients, a friend did our photos as a wedding present, and a dear close friend bought my outfit.
We got married in a Register Office in 1988 and I think the licence cost £13 or thereabouts. A do in our local pub afterwards and that was that.
Still going strong after 35 years! 😁
 




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