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Talking About My Generation

Baby boomers get more in benefits then they pay in taxes | Business | guardian.co.uk

Baby boomers want decent pensions and a modern health service, but are not putting enough aside to pay for them. That was the message from the boffins who have been mulling the ongoing transfer of wealth from the baby boomer generation to their children.
We are taking out more than we put back, and on a massive scale. If the situation continues, younger people, and the unborn, will have to pick up a tab that by 2030-40 – when the boomers are on Saga holidays or in nursing care – will be overwhelming.
David Willetts reckons that the average boomer will get 118% more in benefits and services over the course of their lives than they have paid in taxes.
We can argue over how and who to tax, but more money for health and pensions needs to come from somewhere.

Or maybe not tax?

Comments

Presumably they're softening us up for yet another tax hammering.

Personally I have paid God knows how much in Tax and NI over the last 40 years or so and I'm hard put to it to think of anything I've had back in return. Two or three GP appointments, a couple of very minor Ops, some indifferent maternity services for my wife, and a very poor education for my children.

Taking it more than we're paying in? On which world is this true? Not this one.

Grabbing power-mad bastards, the lot of them.

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