Boomers Pension Gravy Train Finally To Be Derailed

MARTYM8`

westernpromise wrote: »

If you have 2 people on identical lifetime incomes, one of whom spends everything they earn on renting, booze, holidays, and fags, while the other saves, builds a pension and buys a house, toastie is proposing that the state should expropriate the latter for having "wealth", and give the money to himself.

Well the government expropriates that wealth and takes it to pay for your home helps and care homes - while the renter who spent all his money gets that for free!

Given care homes cost £60k a year you may find the renter and owner could end up with the same wealth when they die.

Thrugelmir

Linton wrote: »

So it was intoduced by Cameron who was arguably (to be determined when we can get a clear definition of a boomer) the UKs first post-boomer PM and his post boomer Chancellor, and possibly to be removed by a PM and Chancellor who are both (almost certainly) boomers.

Before you get too carried away on your rant. It was the Lib Dems.

antrobus

Linton wrote: »

So it was intoduced by Cameron who was arguably (to be determined when we can get a clear definition of a boomer) ....

The US Census Bureau works on the following basis;

The term “baby boomer” refers to individuals born in the United States between mid-1946 and mid-1964 (Hogan, Perez, and Bell, 2008)

https://www.census.gov/prod/2014pubs/p25-1141.pdf

Linton

antrobus wrote: »

The US Census Bureau works on the following basis;

The term “baby boomer” refers to individuals born in the United States between mid-1946 and mid-1964 (Hogan, Perez, and Bell, 2008)

https://www.census.gov/prod/2014pubs/p25-1141.pdf

Thanks for that. On another thread I used similar figures to point out that the first boomer PM wa Tony Blair and the first boomer chancellor was Gordon Brown, so it was difficult to see how the boomers could have feathered their nests to the detriment of toastie and his friends. Howver They claimed that boomers went back to the 1930s.

Linton

Thrugelmir wrote: »

Before you get too carried away on your rant. It was the Lib Dems.

My point was that post boomer politicians instituted the triple link, nothing to do with the party they belonged to. As it happens Nick Clegg is younger than Cameron.

Thrugelmir

Linton wrote: »

My point was that post boomer politicians instituted the triple link, nothing to do with the party they belonged to. As it happens Nick Clegg is younger than Cameron.

At the time it was a great concept. Times change. As a consequence so do policies. Forcing employers to contribute is another step forward albeit small at the moment.

Cakeguts

It will I think sort itself out when the generation that is retiring is the one where paying into a private pension becomes normal. There are people alive still who started working at a time when there were no private pensions so if you didn't work for somewhere that offered a company pension you only had the state pension to rely on. At one time I remember these pensioners getting less in pension than the government of the time decided young single unemployed people needed in benefits to keep them out of poverty. The argument was that the pensioners who has worked to pay tax and pensions of the previous generation were living in terrible poverty while the young unemployed who has contributed nothing were getting more in benefits. The pensioners had no choice and no way to increase their income.

ruggedtoast

Wild_Rover wrote: »

As Rugged is unwilling to answer my questions in #358, I'll point out that the retired couple he complains about so bitterly in #363 have presumably worked for many years to build up their non-state pension entitlements and were contributing to it at the same time as paying far higher income tax rates than Rugged is paying now.

What's up Rugged...... are the questions in #358 too hard for you? What basic tax rate would you want to see now? 30%? 35%?

Will it encourage a reply if I tell you that my pension as an early retired bloke is not too different from the bloke in the couple you clearly hate in post #363?

Come on, I'm sure I can stand it! However, it would be nice if you could answer my questions at the same time as passing out the grief that will inevitably come my way :cool: .

WR

If I were you, rather than asking me to justify what reductions boomers should receive, I would worry about how you are going to persuade millennials and Gen X to keep funding your lavish retirement benefits long after it's become apparent that there won't be any of the sort themselves.

It's alright sitting here in the right wing boomer bubble forum, where all the right wing boomers are 100% united in their view that that the boomers have asked so they must receive forever and ever amen.

Out in the real world (from where all these newspaper articles originate) thing aren't looking quite so rosy.

In fact one might wonder if the gravy train isn't headed for some rather windy and treacherous looking track...


But I paid in!

[Deleted User]

ruggedtoast wrote: »

If I were you, rather than asking me to justify what reductions boomers should receive, I would worry about how you are going to persuade millennials and Gen X to keep funding your lavish retirement benefits long after it's become apparent that there won't be any of the sort themselves.

It's alright sitting here in the right wing boomer bubble forum, where all the right wing boomers are 100% united in their view that that the boomers have asked so they must receive forever and ever amen.

Out in the real world (from where all these newspaper articles originate) thing aren't looking quite so rosy.

In fact one might wonder if the gravy train isn't headed for some rather windy and treacherous looking track...


But I paid in!

Well, thankfully, you are not me and I get to decide what questions I ask. I know that the lefties don't like answering questions as doing so simply reveals the paucity of their "arguments", but this IS a discussion forum.

The fact that you decline every opportunity to answer questions indicates that you are not really competent to engage in serious debate, so until you have the guts to answer them you'll be thankful that you'll hear no more from me, unless your drivel reaches a such a level that it can't be igored.

WR

vivatifosi

antrobus wrote: »

The US Census Bureau works on the following basis;

The term “baby boomer” refers to individuals born in the United States between mid-1946 and mid-1964 (Hogan, Perez, and Bell, 2008)

https://www.census.gov/prod/2014pubs/p25-1141.pdf

I wonder if it is the same in all countries. I feel more Gen X than boomer (am on the cusp), and Billy Idol started a band called Generation X, but he was born in 1955, so is definitely a boomer! Confusing...