Boris to the rescue!

mwpt

ukcarper wrote: »

Same old stereo typical bull poo.

The coined word, NIMBY, exists for a reason. It' not a trait of baby boomers, it's a human trait. It just so happens that a larger proportion of boomers own property and so the NIMBY tag gets applied.

ukcarper

mwpt wrote: »

The coined word, NIMBY, exists for a reason. It' not a trait of baby boomers, it's a human trait. It just so happens that a larger proportion of boomers own property and so the NIMBY tag gets applied.

A larger proportion of boomers own than other generations but overall they are not the majority. I'd say boomers are no more anti development than any other age group.

princeofpounds

I have no problem with crediting the boomer generation for the advances they made.


I also have no problem castigating them for sucking the wealth from other generations.


They are not mutually exclusive.

ukcarper

princeofpounds wrote: »

I have no problem with crediting the boomer generation for the advances they made.


I also have no problem castigating them for sucking the wealth from other generations.


They are not mutually exclusive.

I hear this all the time perhaps you could explain exactly how boomers are sucking the wealth from other generations.

mwpt

ukcarper wrote: »

A larger proportion of boomers own than other generations but overall they are not the majority. I'd say boomers are no more anti development than any other age group.

Did you actually read my post?

chris_m

ukcarper wrote: »

I hear this all the time perhaps you could explain exactly how boomers are sucking the wealth from other generations.

Well, Trident subs are rather expensive

(https://en.wikipedia.org/wiki/Boomer#In_the_military)

ukcarper

mwpt wrote: »

Did you actually read my post?

You didn't qualify your post.

PasturesNew

Whatever you say about boomers: Those are your parents/grandparents you're whining about.

You can't get closer to home than a boomer.... you've all got/had them.

So, phone up your mum/dad/granny now and whine down the phone at them.

Mistermeaner

done - they agreed with me completely

princeofpounds

I hear this all the time perhaps you could explain exactly how boomers are sucking the wealth from other generations.

I was being dramatic, largely for effect.


I appreciate that there is a web of complex problems. I also think there is little intentional agency on the part of the boomer generation, although they have benefitted from a number of important policies which act to the detriment of other ages.


Two areas are of particular interest to me.


One is housing, where supply is being restricted through an over-tight planning system. This (along with low interest rates) has boosted house prices and rents, to the detriment of those citizens who do not hold real estate capital (notably the young).


It's not just about money; it's also about the ability to live in secure accommodation and have decent living conditions.


The other is sovereign debt in all its forms. Not just the obvious government borrowing, but also the implicit liabilities for things like unfunded pensions (which are even longer in maturity and hugely significant).


Debt is simply consumption brought forward in time, effectively leaving later workers to pick up the bill for earlier workers.