Radical overhaul in savings to benefits ratio just in time

ruggedtoast

to benefit the first retiring baby boomers. What a coincidence.

http://www.dailymail.co.uk/news/article-2276299/Pensioners-123-000-assets-Government-help-radical-changes-social-care-system.html

Pensioners with £123,000 assets to get Government help under radical changes to the social care system

Well the country is pretty flush at the moment so we can definitely afford to carry even more people who have hundreds of thousands of pounds in assets to their names.

I give up.

Thrugelmir

Then you've also heard that IHT is being frozen to pay for this measure.

So the Treasury gets its money eventually.

StevieJ

I would have thought this was of benefit to the next generation i.e. the ones that will be receiving any inheritance? Rugged, I think your slip is showing

moneyinmypocket

I'd much rather see help go to boomers who have worked hard all thier lives than some !!!!less yoof who just play xbox and drink

PasturesNew

moneyinmypocket wrote: »

I'd much rather see help go to boomers who have worked hard all thier lives than some !!!!less yoof who just play xbox and drink

It's not boomers that need care..... it's the elderly, the parents of the boomers.

Going4TheDream

My boss is only about 53, right nice guy, he has a mortgage still, has children living at home in their 20's who is he helping out, but both him and his wife have ageing parents who are needing a lot of support and help due to ill health. Every day his wife goes to help her mother and make meals , look after her after work (she has gone part time to do this) and he also has an elderly poorly mother who he goes to every evening after a full days work. They are looking after their grand children (of the son who has moved and married) wherever possible to help with child care often giving up their holidays to do this in the school holidays to try and keep childcare costs down for their son and his wife .

They are looking after their own children and their own parents, and their grandchildren, whilst still working. Some people seem to thing that boomers are living in the land of milk and honey.......?

I am sure there are hundreds of thousands of 'other boomers in the same situation..............

PaulF81

moneyinmypocket wrote: »

I'd much rather see help go to boomers who have worked hard all thier lives than some !!!!less yoof who just play xbox and drink

just wait till the post baby boomer generation reach power. we will be after far more than a pound of flesh...

ILW

PaulF81 wrote: »

just wait till the post baby boomer generation reach power. we will be after far more than a pound of flesh...

The ones in power will be the go getters who have got themselves sorted. Not the ones that just sit on their backsides whinging about how hard done by they are.

grizzly1911

ruggedtoast wrote: »

to benefit the first retiring baby boomers. What a coincidence.

http://www.dailymail.co.uk/news/article-2276299/Pensioners-123-000-assets-Government-help-radical-changes-social-care-system.html



Well the country is pretty flush at the moment so we can definitely afford to carry even more people who have hundreds of thousands of pounds in assets to their names.


I give up.

Do we yet know what help will be forthcoming? Something tells me that the help available will shelve off very quickly after the current threshold.

The £123k figure (where the heck did they pull that amount from) is a political headline I would suggest.

the £75 K limit is twice that suggested by Dilnot. Something tells me that will comfortably see only a very small number of cases actually funded.

It provides a nice opening for another raft of insurance backed vehicles to be introduced to those who can afford them and wish to mitigate the possible relatively small risk.

Makes the possibility of £1m IHT limit, suggested before they took office, yet another pipe dream.

[Deleted User]

seems the annual cost by 2020 will be £1 billion a year....i`m sure gideon cant add up

ruggedtoast

ILW wrote: »

The ones in power will be the go getters who have got themselves sorted. Not the ones that just sit on their backsides whinging about how hard done by they are.

Considering social mobility is at its lowest rate since the war, the ones in power then are likely just to be the children of the ones in power now.

As Marx pointed out when he was arguing for the abolition of property, if working people are already working for nothing just to give all their produce to the elite what is to stop them revolting to give it to one another in a socialist state?

Things arent so bad that communism is likely to come back, but they are bad enough to force a redistribution of assets, and not just endlessly to already wealthy boomers for once.