The boomers ate all the avocados
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1 in 4 are millionaires. That is true.
I'm not saying no-one over 65 should get access to social security. But they are, as a cohort, richer than any other, so why do they get quite so much support from the govt?
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I've said it before, owning a house doesn't pay the bills. It is entirely possible to be paper rich and cash poor.
They need somewhere to live.
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
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That well known Boomer Donald Trump seems to be good evidence of this. Can't afford to pay his bills even poor bloke.
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I dare say that is a choice they will make if required. They won't if not required. Sliding scale of poor.
There are also those equity company vultures hovering.
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
Right. I will not accept that someone sitting on a million pound house is poor because they have liquidity problems.
This is what i mean by either you are poor or you are not. Whether you have ready cash is a problem with how you are managing your money, not your poverty or lack of.
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Think you've hit the nail hard on the head there Brian. I have zero sympathy and hope they lose. They had as much notice (or more) as the increases in SPA from 65 to 68. Pension earlier, paid out for longer on average than for men. That's inequality.
Harmonising the pension age is a little more equal, but you could even put a case for women getting their State Pension later than men due to the life expectancy differential. (I'm not advocating that though!!!)
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That could well mean someone needs to move out of the area they live in, so away from friends and family.
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I feel like I haven't been adequately notified about tax changes over the last 15 years.
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This.
Although Rick has a proven record for being a heartless barsteward when it comes to boomers so won't care.
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.1 -
Average property value in the UK is over £700k less than a million.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
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This happens quite a lot to lots of people all the time anyway.
I mean, the amount of sh!t you guys give me for returning to the town in which I grew up is remarkable. You all tell me to up-sticks and leave - why is that good advice but for old people it's being a heartless barsteward?
What do you lot think happens in the rental market?
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If they are sitting in a million pound property they are unlikely to be claiming poverty in the first place. You were quite keen to point out that the UK's apparent wealth is concentrated in a small part of the population and most have lower living standards than their international peers. Apply that same thinking to this section of the UK population.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
Sure. The fact remains 1 in 4 are millionaires, so if it's not money in the house it'll be in the pension or in other assets.
Regardless, that 1 in 4 absolutely do not need any state support whatsoever. That's a lot of people. That's about 1.9million people getting £10k a year - that's about £19billion a year.
If you reallocated that money to defence you could increase defence spending by **75%**
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What happens in the rental market? You move around frequently. Great in your 20s, not so great in your 90s.
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
I dunno, my elderly relatives moved much more often in their end-of-life than anyone else.
First a downsize, then to a supported home, then to a care home, then to a different care home more suited to their degenerating needs etc.
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What happens in the rental market - people get priced out of where they want to live (friends & family) all the time.
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Sadly it looks like the WASPIs have won:
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So should they have been forced to skip the first few stages and been forced out of the home they lived in as soon as they hit 65?
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Mean or median would be quite important here I feel.
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Hah 😂
- Genesis Croix de Fer
- Dolan Tuono0 -
They wouldn't have needed to as their pension was more than adequate to cover the cost of living, largely due to a lifetime of prudent living.
You keep making out that I want to turf all the elderly out of their homes. I don't, particularly. I just don't think that being asset rich but cash poor is a good reason to be given a lot of money from the state.
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Think I'll go get some popcorn. 🤣
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
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Some of it will be going to my wife. 🍿 She is not a millionaire. We are not millionaires even when combined.
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
I think most have agreed that some kind of means testing of the state pension would not be unreasonable at the top end. I think I suggested applying the same model as the CB clawback. I would be reasonably sure that most of those 1 in 4 are completing tax returns so that would offer a mechanism.
We're not all arguing about that.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
I think a lot of people will say 'so what'. They own those assets and they're free to do what they want with them. You can huff and puff and stamp your feet all you like about the alleged horrid unfairness of it all, but that's life and there isn't anything you can do about it.
Short of full scale socialist confiscation of assets by the next Labour government (unlikely, as Owen Jones has just disowned them), your dream scenario is just that - a dream. Time to get real and complain about something else.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
I'm just saying they don't deserve to receive £10k a year from the gov't, in the same way I don't.
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