Posted on 05/08/2018 6:21:14 AM PDT by Oldeconomybuyer
Every 25-year-old in the country should be given a £10,000 Government grant in an effort to solve the yawning economic gap between the generations, a prominent think tank has proposed.
The proposal for a Citizen's Inheritance, to be funded by a revamped, tougher version of inheritance tax, is one of a number of policies proposed by the Resolution Foundation at the end of a two-year study into intergenerational inequality.
The report from the think tank's Intergenerational Commission, backed by business lobby group the CBI and trade union group the TUC, warns that today's thirty-somethings are the first generation to see their incomes dropping compared to when their parents were at that age.
It points out that with record numbers of people renting and unable to get onto the housing ladder, and with many trapped in zero-hours jobs, radical action is necessary to reset the balance.
The proposed universal Citizen's Inheritance would be restricted to spending on a house deposit, or to fund "skills, entrepreneurship and pension saving", the Foundation said.
Alongside the Citizen's Inheritance are other proposals, including a £2.3bn NHS levy, to be funded by new national insurance contributions from pensioners.
It suggests social care should be bolstered with another £2.3bn raised by replacing council tax with a progressive property tax, which would impose bigger fees on those with bigger homes.
(Excerpt) Read more at news.sky.com ...
Plank #3 of the Communist Manifesto: Abolition of all rights of inheritance.
http://www.libertyzone.com/Communist-Manifesto-Planks.html
What about the lack of a work ethic, the lack of practical and valuable knowledge required to build a career on and the sense of entitlement in many of our spoiled youth today? These are the reasons for the differences in wealth between generations.
Oh Britain - rise up. Throw off your oppressors. Whether their intentions are benevolent or not - the end result will be evil and blood.
You are headed down a path so dark it will surpass National Socialism. Rise up now - while you still can.
Let me know before you do it so I can up my stocks in pot and video games
Generational gap? Really? Who created this “gap”? I call it the zombie gap. Millennials are too brainwashed to think for themselves? And here I thought they were the smartest generation evah! Who knew that on top of wiping their noses and butts for them, providing safe spaces and coddling their every crazy thought taxpayers would also have to fund their inability to contribute to the world.
With what?
Whiffle bats?
Tide Pods and condoms will Skyrocket!
Stop bringing in immigrants who drive up the cost of housing and compete for low skill jobs. More money for the native born and lower welfare costs for society, too.
Where was this stuff when I was a kid in the seventies? You couldn’t beg a job around here during the Carter administration. I had to move clear across the country and work menial jobs ( that are now supposedly reserved only for illegals) just to stave off starvation. What I could have done with the equivalent amount then. But hey, I actually did do it. Built a business from nothing, got married, had kids, own two homes outright, no payments, on and on.
How did I do it, perseverance and hard work doing the worst crappy jobs there were. If I had a government hand out it might have killed my drive and would have been money wasted.
As I have taught my kids, there’s no free lunch, get out there and do. Builds character, something sorely lacking in today’s America.
This surely seems to be a gesture for the government to take money from the “older generation”, and give it to the millennials, then take credit for having done so. What a great way to buy future loyalty!?!!
It seems like it should be up to those who earned the money and/or paid the taxes, to make those decisions.
In exchange for work at a job?
Sure, you will be given 10K over the course of a year. Maybe more if you provide added value.
Reparations for bearing the burden of White Privilege.
I thought that was already tried in Europe and it completely backfired?
Maybe they should be required to learn how to change a tire.
If you lease a car for 3 years or less, you will likely not need to know how to change a tire
When my mom passed away, I gave each of my adult kids $10,000 from my inheritance. They appreciated it, but it is hardly life-changing. One used a big piece of it as a down payment on a new car, one is using it just for everyday expenses - such as child care - with a new baby, and the other hasn’t spent any. But the idea that $10,000 will “close the economic generation gap” is a joke.
Where I live, $10,000 will pay the rent on a modest apartment for about 6 months. That’s hardly going to change anyone’s life, or close the generational income gap they are talking about.
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