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Does Labour never learn?
Comments
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=All boomers are now over 45 and moving out of the peak spending phase of life, drawing more money out of the economy.
This economy can only grow if we borrow more money. This country can only survive of we don't.
If they are 45 plus then for many they have up to 22 years of productive working life in front of them. If they can afford to give up early it will because they have the income to do so. No doubt there will be a few that may be unable to do so for one reason or another, just like some younger people.
Why will they stop consuming? They may not consume on frivolous imported tat but they still consume but show more discernment. The fact that many won't have the burden of a mortgage round their neck gives them extra capacity too.
What was the point of open door immigration if not to fill the gap of and contribute to those that have retired?
The problem is that far too many younger people are economically inactive (outside of those that do need real help). Whilst employment is high many jobs aren't bringing home the bacon like they used too, part time working, temporary working, on low pay rates. The tax take has not kept up and many employers are being subsidised by the state through top up benefits.
This country can only survive if we find something of worth that somewhere else wants to buy, we do it productively and all benefit from the rewards, not just a few."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Public sector pay cuts are under way but 13 years of over the top rises cannot be undone in a couple of months. Excess jobs have been cut, but even that has to be staged as the state is a massive part of the economy (which is how Labour fiddled GDP by pumping money into the state). However you have not addressed my key point, a big chunk of the budget deficit is down to baby boomers retiring. Not only are they now drawing their income from the state, they are no longer spending money on consumer goods whereas ten to fifteen years ago they had high disposable income. All boomers are now over 45 and moving out of the peak spending phase of life, drawing more money out of the economy.
This economy can only grow if we borrow more money. This country can only survive of we don't.
Baby boomers are mainly workers and will be for many years
The only support that most retired boomers get from the state is state pension... do tell us how much that is that we are borrowing to pay for retired baby boomers.
each baby boomer that retires frees up a job for some-else... surely you celebrate that.
in the long term then the aging population is a issue that needs managing but the oldest baby boomer is only 67 ish and is hardly a major burden on the NHS or social services0 -
They aren't a burden yet. But they will be in the future.0
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They aren't a burden yet. But they will be in the future.
'burden' is an odd word
maybe you consider that :_
babies are a 'burden now'
schoolchildren are a 'burden ' now
unemployed young people are a 'burden ' now
disabled people are a 'burden ' now
uni students are a 'burden ' now
people ill or in hospital are a 'burden' now
strange values0 -
'burden' is an odd word
maybe you consider that :_
uni students are a 'burden ' now
Students aren't a burden now but their debt is a time bomb for the future.
Their debt is keeping an education industry and many towns and cities going."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »Students aren't a burden now but their debt is a time bomb for the future.
Their debt is keeping an education industry and many towns and cities going.
'Burdens' are simply life taking it's normal course
They are the future and I wish them heatlh, wealth, happiness and hope they look after me if I ever need it.0 -
'burden' is an odd word
maybe you consider that :_
babies are a 'burden now'
schoolchildren are a 'burden ' now
unemployed young people are a 'burden ' now
disabled people are a 'burden ' now
uni students are a 'burden ' now
people ill or in hospital are a 'burden' now
strange values
All your other groups will be tax productive In the future. Retiring boomers won't be. Raising the state pension age now Is the only solution IMHO.0
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