The Great Big Homelessness/Capitalism/Socialism Thread

Herzlos

GreatApe wrote: »

:T


I have heard it all before.
The old will die out and with them so will the Tory party

What you fail to grasp is that these old Tories when they die hand over pots of gold to the young socialists and once the gold to be taxes is their own they stop being so keen on distribution and swing right

So that explain why Tory party membership is dwindling and aging?

You could be correct that the inheritance switches people from liberal to conservative, but that may not mean going Tory, and it may not mean joining the Tory party. There could be other factors at play, and it could be that younger millionaires are happy to pay their fair share (there's a lot of super-rich complaining about how Trumps tax changes benefit them, for instance).

Herzlos

economic wrote: »

But you are expected to live a better quality of life givne medical advances and other technological innovations that will come about over the next 20 years.

True, I live in a (smaller) more comfortable house than my grandparents (inferior to my parents') and grew up with things neither could imagine that made my life easier.

With the advancement in medical science, my pension lump sum will give me a smaller annuity as I'm expected to live longer. Thus I either need a bigger pension pot (harder with DC than DB) or have to eke out my inferior pension for longer. In addition to that I'll have to work longer so be in less condition to enjoy my retirement/pension.

I'm currently tracking to retire at 65 (hoping to retire earlier or at least go part time by 55-60), if I can live frugally enough and my pension investments perform well enough.
Realistically I'm working until about 70 unless my health dictates otherwise.

GreatApe wrote: »

Well if you and your peers had 4 kids each instead of 1.5 we could grant ourselves very generous pensions and retirement ages too

Or we could just, well, import more working age people?

(2 kids is enough of handful!)

GreatApe

Herzlos wrote: »

So that explain why Tory party membership is dwindling and aging?

You could be correct that the inheritance switches people from liberal to conservative, but that may not mean going Tory, and it may not mean joining the Tory party. There could be other factors at play, and it could be that younger millionaires are happy to pay their fair share (there's a lot of super-rich complaining about how Trumps tax changes benefit them, for instance).

You make it sound like the Tories have already lost all support.
Need I remind you they got the most votes and most MPs even though they ran the worst campaign in living memory.

Also the lefties down have a monopoly on the young nor do the Tories have a monopoly on the old.

Herzlos

Not at all; it seems there's almost nothing the Tories can do to hurt their support figures, because people are scared of Corbyn for some reason.

Tory support is pretty high. Tory membership is aging and reducing. It's probably why they're making such a mess of things (and getting away with it); they've got a shrinking pool of aging talent to fall back on.

Thrugelmir

Herzlos wrote: »

Not at all; it seems there's almost nothing the Tories can do to hurt their support figures, because people are scared of Corbyn for some reason.

Tory support is pretty high. Tory membership is aging and reducing. It's probably why they're making such a mess of things (and getting away with it); they've got a shrinking pool of aging talent to fall back on.

Corbyn is 68, McDonnell is 66, Abbott is 64.

Time isn't on their side.

What happened to all those bright young NU Labour MP's of the Blair era. 20 years on and as absent as ever.

LHW99

In addition to that I'll have to work longer so be in less condition to enjoy my retirement/pension.

But you have also, presumably, not had to undertake many years of hard manual labour down a mine or in the steel industry / heavy manufacturing as many of those in previous generations had to do.

Arklight

GreatApe wrote: »

:T


I have heard it all before.
The old will die out and with them so will the Tory party

What you fail to grasp is that these old Tories when they die hand over pots of gold to the young socialists and once the gold to be taxes is their own they stop being so keen on distribution and swing right

Well they had better hurry up then.

economic

Herzlos wrote: »

True, I live in a (smaller) more comfortable house than my grandparents (inferior to my parents') and grew up with things neither could imagine that made my life easier.

With the advancement in medical science, my pension lump sum will give me a smaller annuity as I'm expected to live longer. Thus I either need a bigger pension pot (harder with DC than DB) or have to eke out my inferior pension for longer. In addition to that I'll have to work longer so be in less condition to enjoy my retirement/pension.

I'm currently tracking to retire at 65 (hoping to retire earlier or at least go part time by 55-60), if I can live frugally enough and my pension investments perform well enough.
Realistically I'm working until about 70 unless my health dictates otherwise.



Or we could just, well, import more working age people?

(2 kids is enough of handful!)

You have no idea what the cost of living and options you will have available in 20 30 40 50 years time. To assume you will have to work till 70 is delusional.