Pensions, ISAs and Houses

[noseall]

The "anti foreigner oldies" aren't against foreigners who work,its the freeloaders & the indigenous freeloaders they're against.

Can you spot the difference when you are pi$$ed and feeling tough?

 

[Ihavenojob]

Who would be pi55ed at 9.25pm? Oh yes, leftie freeloaders on benefits.

 

[vinty]

there's a big problem with the cost of social care for our increasingly old population.

UK citizens mostly aren't interested in working as carers, and the anti-foreigner oldies are doing their best to prevent or discourage those who are willing to do it.

The money to pay for it has to come from somewhere.

Most likely from the wealth of those people who've been able to accumulate it.

To many old people and not enough young people to pay taxes to support them, young people used to be regarded as an economic asset but nowadays with old people living longer and women unwilling to have larger families the care system will at some point collapse.
The so called demographic timebomb is affecting the rich Western countries like Germany and the UK.
The rich are a finite source of taxes, the only other option is to reduce the demographic imbalance between young and old, .
In Russia women are awarded medals for having larger families ,Putin has said that Russia is facing population decline and a growing population of older people, his solution is for Russia to grow its own population of workers to avoid having to import them.

 

[noseall]

In Russia women are awarded medals

Imagine what you could do with six medals...…..

 

[EFLImpudence]

They get benefits as well - so that won't go down well. Have I spotted a flaw?

 

[Bodd]

Should we make people who've planned for their retirement subsidise those who haven't?

I do agree that the old should pay more taxes, but don't think they are some sort of untapped fat cats

The old have paid tax all their life's. No more tax on es retired

 

[JohnD]

tax is levied according to your ability to pay.

If there is a sector of the population that holds most of the wealth, they are going to get taxed.

There is, and they are.

 

[Bodd]

tax is levied according to your ability to pay.

If there is a sector of the population that holds most of the wealth, they are going to get taxed.

There is, and they are.

Corrected.

Totally agree

 

[Ihavenojob]

yes, there are many such.

http://www.thisismoney.co.uk/money/diyinvesting/article-4328824/Here-Isa-millionaire.html

https://www.fool.co.uk/investing/20...e-most-popular-stocks-among-isa-millionaires/

http://www.cityam.com/282642/healthy-habits-isa-millionaires-

Luck is a contributory factor, or knowledgeable choice of investments, but the biggest factor is having been prosperous enough to be able to put thousands of pounds away every year from the beginning, or at least for some years.[/QUOTE
I was thinking of just cash ISA's

 

[vinty]

The old have paid tax all their life's. No more tax on es retired

The young people who advocate taking money from the older generation don't seem to realise that they will be old some day.
This Tory attempt to scapegoat the elderly for Tory failings will backfire, they can demonise the unemployed, the low paid and the disabled and blame them to justify austerity because they know these groups never vote Tory anyway, however if they target the grey vote they could come unstuck as they depend on this group for votes.

 

[JohnD]

The young people who advocate taking money from the older generation

I don't call Theresa May "young people"

 

[vinty]

It was TMs ministers who started what they described as "a conversation" about intergenerational unfairness and the next thing you have young people who feel hard done by having a go on social media at the elderly .

 

[JohnD]

...you have young people who feel hard done by having a go on social media at the elderly .

Show us.

 

[motorbiking]

There is an expectation that having “paid taxes all their lives” they are entitled to have it all back in social care. Many who make this claim have actually paid very little. That is partly because tax thresholds have stayed static over the years, so more and more people pay higher tax rates. I have distant family members happily taking steps to put assets beyond the reach of “the council” while also expecting them to pay for a new disabled bathroom.

There is an alternative to the money coming from somewhere and that is incentives to make people take care of their own needs. Either via family attitudes or tax incentives.

 

[JohnD]

The Daily Express suddenly realises Theresa does not have a "magic money tree"

Who'd have thought it?

A government running scared.

Older readers who simultaneously want improved public services and don't want to pay for them.