Corcaigh_the_Cat
Well-known member
I think you need to look into the 'debt mountain' in a bit more detail. A third of our debt is one government department borrowing from another.Lets say you are 20- 30 years old and reading that .......... older people than them have created a debt mountain thru numerous governments and including this pandemic. We havent created wealth we have created debt that must be paid off sometime and by their generation. Then the kicker - pandemic comes in and as posters note thru a weird anamoly it creates a large increase in pension payments to older people which again must be paid for sometime by younger people. Some of the most wealthy people in this country are older people, final salary pensions, very low cost housing, cheap university etc.
It does annoy be when people just say they deserve it - I find it selfish. This triple lock this year should at least be means tested, dont think its vaguely fair to have younger people struggling to fund rich pensioners (and there are millions who live perfectly well funded lives)
This board is great in supporting social issues and the underpriveleged but an issue passing on debt mountains to younger people is not of great importance to many ... and by the way we didnt pay/ fund this, in the 30 years I have worked I have absolutely not always been funding a triple lock pension that has the covid spike in it.
I'm in my 60s, how much debt do you think was passed on to my generation to pay for WW2?
We're not a poor nation yet so many are brainwashed by those not wanting to share their immense wealth with a society which has created it for them in the first place.
It's said that the top earners pay 30% of the nation's tax. If they're taking 90% of its wealth then why is it so low?
As for 20 to 30 year olds, they're also going to be helped by a more civilised payout for those who have worked their lives to keep society ticking. They too will get old and claim a state pension, unless we move away from being the civilised country we fought so hard for in WW2 and voted for after the war had ended. The country was rebuilt despite the debt from the war. There was a greedy elite arguing against it back then too.
Have a higher tax threshold to help the younger and less well off. Increase taxation for the wealthiest and let's have a good hard look at inheritance, bring in a threshold for that too then increase taxation on it.
Last edited: