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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

TO think Millennials need to get their act together and

380 replies

brownmouse · 21/08/2018 15:43

Form a political party:

  • stop Brexit
  • prioritise housing
  • impose at least 50% tax on all inheritance
  • impose second home taxes

And other stuff. But they should be IN CHARGE now. They need to rise up and sort things out.

I keep telling my DC but they are too busy on instagram. AIBU?

OP posts:
sar302 · 21/08/2018 16:21

Oh my god. Brownmouse is so woke!

I'm totes off to emote.

#aubergineemoji #avocadotoast #whenyourbrokekidspickyournursinghome

borlottibeans · 21/08/2018 16:22

YABU. Labour could be doing this stuff if we took our party back off the baby boomers currently leading it. There's no time for electoral reform; we need to be engaging with the political system we have now instead of using its inadequacies as an excuse to do nothing.

NotAsGreenAsCabbageLooking · 21/08/2018 16:22

Instead of penalising the population more... why aren’t you focusing on tax loop holes, MPs expenses and bank bonuses?

I’m a millennial (didn’t know that until a PP posted the years!) and I don’t want 50% inheritance tax or tax on second homes. I also voted leave.

Leesa65 · 21/08/2018 16:23

I think its the 50% inheritance tax in your opening post.

That is all well and good if the money left is a very large amount . Not all of us have large amounts saved to leave our dependants . It could wipe out the actual money left to anyone by the deceased

happypoobum · 21/08/2018 16:23

OP I totally agree with your political sentiment ( I lecture in it)

However, I have to say that from my experience, most Millenials are too passive to want to do anything about any of it. They are still of the opinion their BB parents will fix it all for them.

Our hopes (if any) lie with Gen Z. A far more exciting prospect.

Roxers · 21/08/2018 16:24

There already is a second home tax Hmm

VickieCherry · 21/08/2018 16:25

The baby boomer generation (who vote) will not vote for a 30 year old. Millennials are a good 10 years off being in positions of power.

EthelThePiratesDaughter · 21/08/2018 16:25

Not all of us have large amounts saved to leave our dependants . It could wipe out the actual money left to anyone by the deceased

You don't pay IHT if your estate is worth less than £325k.

Jaxhog · 21/08/2018 16:26

I AM a a gray, fat middle aged woman, and I don't want to be in charge either! I voted to Remain , love Avocado toast. and don't really care about inheritance tax, as I plan to spend as much as I can before the world ends. As it will if Millennials don't get off their arses and start doing something themselves rather than complaining about what everyone else should do. The world doesn't run itself, you know.

Original poster
brownmouse · 21/08/2018 16:26

Happyoobum: I am reassured by the hopes for Gen Z. From this thread, Millennials sound depressingly more conservative and passive than I had hoped...

OP posts:
Leesa65 · 21/08/2018 16:26

My youngest two are Generation Z (Googled).

One has a future in computers I swear . Very advanced there.

The other is more practical so taken that path.

Jaxhog · 21/08/2018 16:27

This Baby Boomer WOULD vote for a Millennial, if they had any sensible ideas and could be bothered to stand.

Leesa65 · 21/08/2018 16:27

You don't pay IHT if your estate is worth less than £325k.

Cheers

Didn't know that.

Roxers · 21/08/2018 16:28

How are most millennials going to own their homes if NOT through inheritance?

Billben · 21/08/2018 16:28

50% inheritance tax?

Let me guess, you haven’t got much to pass on, have you?

ThinksTwice · 21/08/2018 16:28

thinkstwice: anyone cross about being saddled with 50k of debt and never likely to own their own home (i.e. Under their own steam and without handouts from family, including inheritance).

50k debt? Never likely to own their own home without handouts from family or inheritance?

Really? That's a millennial?

I just read someone say a millennial is 1981 - 1996 born, so 37 year olds to 22 year olds.

I think there are many 30 somethings who own their home (not from family help/inheritance) and I'm pretty sure the uni fees were brought in in 2010, so a lot of the older/mid millennials would have left uni by then.

I own my home and have no uni debt.

What an odd assumption?

DieAntword · 21/08/2018 16:29

I want more tax loopholes. Specifically I want marriage tax allowance to be extended to the point that I can give ALL my tax allowance to my husband. Could deffo afford a house then.

Leesa65 · 21/08/2018 16:29

As a Generation X I would do the same as Jaxhog .
If what they say and what they do rings well with me I would certainly vote for a Millennial

user1457017537 · 21/08/2018 16:31

Why should we pay 50% inheritance tax and tax on second homes. We have already paid tax in our earnings to purchase our homes and properties and tax on the
money earned to pay the mortgages. How exactly will this help youngsters, do they think the money will be handed directly to them. Why don’t Millenials concentrate on all the advantages in life they have compared to previous generations. University was unheard of for working class girls in the 70s. Concentrate in the opportunities instead of whinging.

TittyFahLaEtcetera · 21/08/2018 16:31

Another early Millennial here. I'd happily get involved in politics (I am locally), but whilst there are still so many boomers around (including my own parents) we are not able to effect change.

The boomers vote for what works for them and they are big voters. They don't want their second homes taxed or to pay higher/any taxes on their assets that they've hidden offshore perfectly legally using legal loopholes.

This misconception about all Millennial being apathetic and constantly on social media is born of ignorance. The oldest Millennials are 37 - many are probably too busy with DC to be out canvassing. In fact, the most vocal group in my local area are the Gen Xers - their kids are mostly older and they have more time, go lay it at their door and stop the continual Millennial bashing. Honestly, we are what's wrong with this country no matter what we do if you listen to some people!

Neshoma · 21/08/2018 16:31

I assume you won't have/give an inheritance, nor own one home let alone two or more.

So go and find something that effects you instead of other people, there there. .

amusedbush · 21/08/2018 16:32

impose at least 50% tax on all inheritance

No thanks. I'm a millennial and while Brexit scares me shitless, I wouldn't want to pay 50% inheritance tax.

Maybe because I'm Scottish and have no uni debt though?

EthelThePiratesDaughter · 21/08/2018 16:32

From this thread, Millennials sound depressingly more conservative and passive than I had hoped...

I keep asking you how you think millennials should go about doing any of the things you suggest and you keep ignoring me. What you are saying is impossible within the current system.

Millennials don't outnumber the rest of the electorate. If we are going to have a fairer society then those priorities need support from a cross-section of the population, from all generations.

Regarding inheritance tax, I absolutely agree that inheritance contributes to inequality. It is absolutely outrageous that someone's ability to own their own home should have more to do with whether they get a gift or inheritance from their parents than whether they work hard and succeed in their chosen career. I would like to see a society where a working class kid could do well at school, get a free university education and buy their own home without any help from mum and dad.

But as an early 30-something who is not yet a homeowner, am I going to turn down a gift or inheritance from my parents (or offer to pay more tax on it than I legally have to) because other people aren't getting the same?

No. Sorry, but no.

Original poster
brownmouse · 21/08/2018 16:32

Macron was 39... Blair was 43... as was Cameron... I reckon we'd vote for someone younger if there was a credible candidate. Look how ANCIENT our leaders have become!

OP posts:
Wonkypalmtree · 21/08/2018 16:34

Why so bitter about inheritance?