Old people need to contribute more in ageing society

[mrswdk]

A £10,000 payment should be given to the young and pensioners taxed more, a new report into inter-generational fairness in the UK suggests.

The research and policy organisation, the Resolution Foundation, says these radical moves are needed to better fund the NHS and maintain social cohesion.

Its chairman, Lord Willetts, said the contract between young and old had "broken down".

Without action, young people would become "increasingly angry", he said.

"We still feel the obligations that generations have to each other, and families are incredibly important in discharging those obligations.

"But when you look at public policy, sadly when it comes to a properly funded healthcare system, houses available so that people can achieve their goal of owner-occupation and a fair deal in pay for younger people - in all those ways, that contract between the generations has not been maintained.

"That contract has broken down. Families are doing their best, the bank of mum and dad helping out the kids, younger people caring about their grandparents, but when you look at public policy, there are older people worried about their social care, there are people of middle age who still aren't owner-occupiers, and that's what they want to be, and there are younger people whose pay is no higher than it was 10 or 15 years ago, so there's a problem in public policy."

New research produced by the Resolution Foundation revealed that young people are earning less today than the generation before them was earning at the same age.

http://www.bbc.co.uk/news/business-44029808

[Bernie Sanders]

STFU!

[armati]

The article is mentioning a real concern.
"pay is no higher than it was 10 or 15 years ago, so there's a problem in public policy."

A problem in public policy...yup, what I shake my head at is these governments never address the underlying situation honestly.

Not that doing so would change the challenges people face, but at least they would understand how to prepare and protect themselves.
If they bothered to learn how, which most people wouldnt anyway.

Governments never mention that currencies (even the so called strong ones) lose about 50% of their buying power every 35 years.

People dont understand supply and demand works for everything...including a currency.

When a government runs a deficit they are creating dollars above and beyond what the banks and credit markets create.

More dollars = less value. This requires more dollars to do the same things that required fewer dollars the year before.

There is a school of thought that says inflation is the increase in money supply, rising prices is a result of inflation.
Higher minimum wages = higher prices.(ya gotta love socialism) your screwed on fixed incomes."there are older people worried about their social care" duh, no kidding.

As for the young people that cant buy a house, wait a few years...old people die, more houses on the market= prices come down.
Unless of course the wonderful government brings in enough people to keep the existing balance.

Another school of thought believes economics is all a balancing act, others prefer "sound" money.
Both seem to have advantages and disadvantages.

If ya figure out the perfect system I guarantee a statue will built of you.

If anyone is actually interested in how banks have become so powerful, what actually happens when they loan money etc.
"The Money Masters" Bill Still.
This of course takes place within "the Cycle of Empire" Mike Maloney - YouTube He might call it "the 7 stages of empire", I forget.
Maloney also does "The Hidden Secrets of Money"


All these societal issues have to do with the value and stability of the nations currency.
And if ya notice, they sure dont talk about that too often, if ever.

[Bernie Sanders]

The article is mentioning a real concern.
"pay is no higher than it was 10 or 15 years ago, so there's a problem in public policy."

A problem in public policy...yup, what I shake my head at is these governments never address the underlying situation honestly.

Not that doing so would change the challenges people face, but at least they would understand how to prepare and protect themselves.
If they bothered to learn how, which most people wouldnt anyway.

Governments never mention that currencies (even the so called strong ones) lose about 50% of their buying power every 35 years.

People dont understand supply and demand works for everything...including a currency.

When a government runs a deficit they are creating dollars above and beyond what the banks and credit markets create.

More dollars = less value. This requires more dollars to do the same things that required fewer dollars the year before.

There is a school of thought that says inflation is the increase in money supply, rising prices is a result of inflation.
Higher minimum wages = higher prices.(ya gotta love socialism) your screwed on fixed incomes."there are older people worried about their social care" duh, no kidding.

As for the young people that cant buy a house, wait a few years...old people die, more houses on the market= prices come down.
Unless of course the wonderful government brings in enough people to keep the existing balance.

Another school of thought believes economics is all a balancing act, others prefer "sound" money.
Both seem to have advantages and disadvantages.

If ya figure out the perfect system I guarantee a statue will built of you.

If anyone is actually interested in how banks have become so powerful, what actually happens when they loan money etc.
"The Money Masters" Bill Still.
This of course takes place within "the Cycle of Empire" Mike Maloney - YouTube He might call it "the 7 stages of empire", I forget.
Maloney also does "The Hidden Secrets of Money"


All these societal issues have to do with the value and stability of the nations currency.
And if ya notice, they sure dont talk about that too often, if ever.

Wrong my conspiracy filled friend. Our elected official are bought and sold by the rich. They have been squeezing the ordinary worker and enriching the top 1% through policies such as, not increasing the minimum wage to keep up with inflation, taking away worker's rights to collective bargaining, making it advantageous to move companies oversees and the last 40 years of giving huge tax breaks to large corporations and the filthy rich.

[armati]

Bernie,
what your saying is all true, yet they are pieces.

Just so you know, economics is not conspiracy, its math.

Part of what your talking about is the result of capitalism. other parts, corruption, companies not taxed? lol like those supporting Israel I posted?

Capatilism example, if you had enough money to invest in the companies that moved their labor "offshore" you were jumping up and down for the profits.
You really didnt care where the jobs went.


You have the minimum wage backwards, I think you might be buying into the idea a person should be able to support a family on minimum wage.
Thats socialism.(really, why not move to guaranteed annual income?)or (just print the tax dollars required?)

Supporting families was never the idea of a minimum wage, as I grew up. It was low enough a young person could be employed with zero experience. Allowing him to gain the experience required to support a family.
Somewhere along the line, just recently(within the last couple years) people have begun to believe they should be able to support a family on it.

Which might be all well and good, but thats not capitalism, its socialism or communism.
(watch prices increase AFTER an increase in minimum wages) give it time, it'll happen.

Workers "rights" is a cycle, one of the first strikes ever was to end workers being beaten with metal rods, after the strike employers could only use wood.
Today, a woman only needs to accuse her male boss of sexual assault and he is finished. The pendulum has swung.

In any case, altho your points have merit, they are not the underlying issue driving them.

Its the devaluation of the currencies which is the primary issue.
And, people are entirely unaware. Ive read it said, "not 1 in a million do"

Which is why I mentioned it.

[mookiemcgee]

Bernie,
what your saying is all true, yet they are pieces.

Just so you know, economics is not conspiracy, its math.

Part of what your talking about is the result of capitalism. other parts, corruption, companies not taxed? lol like those supporting Israel I posted?

Capatilism example, if you had enough money to invest in the companies that moved their labor "offshore" you were jumping up and down for the profits.
You really didnt care where the jobs went.


You have the minimum wage backwards, I think you might be buying into the idea a person should be able to support a family on minimum wage.
Thats socialism.(really, why not move to guaranteed annual income?)or (just print the tax dollars required?)

Supporting families was never the idea of a minimum wage, as I grew up. It was low enough a young person could be employed with zero experience. Allowing him to gain the experience required to support a family.
Somewhere along the line, just recently(within the last couple years) people have begun to believe they should be able to support a family on it.

Which might be all well and good, but thats not capitalism, its socialism or communism.
(watch prices increase AFTER an increase in minimum wages) give it time, it'll happen.

Workers "rights" is a cycle, one of the first strikes ever was to end workers being beaten with metal rods, after the strike employers could only use wood.
Today, a woman only needs to accuse her male boss of sexual assault and he is finished. The pendulum has swung.

In any case, altho your points have merit, they are not the underlying issue driving them.

Its the devaluation of the currencies which is the primary issue.
And, people are entirely unaware. Ive read it said, "not 1 in a million do"

Which is why I mentioned it.

It's true the leaders of our gov'ts all lie. they won't admit to their lizardpeople ties, and will keep pushing thier 'round earth agenda' on all of us! AUSTRALIA IS A LIE, IT DOES NOT EXIST. IT'S JUST LIKE THE LUNAR LANDING.

Find the truth here:

[The ram]

The resolution foundation just another Fabian society led organisation. The cracks are beginning to show. Print more money quickly. Devalue everything. Massive austerity measures to slowly bring down living standards but make sure they have money in their pocket. Easily fooled aren't we.