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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Younger people should be rewarded for lockdown via affordable housing

783 replies

Ordree · 09/04/2020 17:51

As others have noted, young people (not just those in frontline roles) are making enormous sacrifices to protect others, mostly but not exclusively from much older age groups. They will be bequeathed a damaged planet, a ruined economy and they will have done further damage to their mental health by staying indoors for months on end. They are the ones paying older people's pensions when they won't have anything like the same financial security to look forward to themselves. Yes I know older people paid their elders pensions during their working lives, bit never has there been such an imbalance. As the economy is likely to be ruined short to medium term anyway, would it not be reasonable to start the biggest givernment-funded housebuilding programme ever, allow younger people who have just bought to write off negative equity losses against tax, and essentially redress some of the appalling imbalance between generations and classes?

OP posts:
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Puzzledandpissedoff · 11/04/2020 12:38

the elderly, from the graph, take way more than they pay! So working people pay for the elderly full stop!

That's not the point I was responding to though, is it?
OP said "The young ... are the ones who will in large part be paying for the costs associated with the current restrictions", which simply won't be the case if the current link between age, income and tax contributions continues

Ordree · 11/04/2020 13:11

Re:climate change, those who were alive and of voting age in Western democracies are the very people who are both the customers, staff and CEOs of big corporations (as well as some obviously who aren't) , and the electorates voting in governments whose collective actions are the forces behind all current situations, good and bad. I maintain that a post COVID situation where housing costs are lower in relation to overall incomes is a preferable outcome to maintaining the existing situation.

OP posts:
Dragongirl10 · 11/04/2020 13:34

Op l am intrigued to know what you contribute to the greater good?

ZombieFan · 11/04/2020 14:41

As many posters have already said, the truth is post Covid their will be no money to 'reward' anyone (apart from maybe Drs & Nurses). We will need to have a decade of proper austerity (maybe a depression) to recover. The economy has been gutted, unemployment has rocketed & businesses have been destroyed.

And tbh 'young' people whoever they are will be the last in the queue for a 'special' reward. Many of them get to live rent free with their parents.

As for increasing inheritance tax, well Theresa May tried a version of that in the 2017 election. It was derided by Conservatives & Labour called it the death tax, nobody supported it, leading to 2 years of a paralysed minority government. Who is going to try that again? dito Corbyns wealth/land/garden tax.

BW68 · 11/04/2020 14:53

Personally I think those on low wages should be rewarded more as many have made tremendous sacrifices during this lockdown by continuing to help people (Carers) and serve people (Binmen, shop workers, delivery drivers etc etc). I would be quite happy to see minimum wage increase to a level that provides all with a better opportunity and I would be happy to see high earners taxed more to pay for this. I would have to pay more tax but I have found that during this period, my job really isn’t that important.

Alsohuman · 11/04/2020 14:59

I have found that during this period, my job really isn’t that important

I think at the end of this a lot of jobs will be found not to be important. There’s likely to be a real shift in the jobs we value and those we don’t. Or at least I hope there will.

Ordree · 11/04/2020 15:09

If there is no alteration to the existing tax system, given worse public finances and a declining economy are pretty much certain those people currently the poorest will suffer appallingly having been collectively hit hardest by the virus and it's consequences.

OP posts:
TriangleBingoBongo · 11/04/2020 15:17

Another vast sweeping statement OP.

janeskettle · 11/04/2020 15:22

How about key workers are rewarded with pay rises instead?

Now there's an idea.

Key workers who are 20, 30, 40, 50, 60....any bloody age! I can get behind that.

I'm Gen X, graduated into a recession, non home-owner, fully in favour of affordable housing...and anti this generational resentment bullshit.

Under 34's are not uniquely or uniformly disadvantaged, just as over 34's are uniquely or uniformly advantaged.

janeskettle · 11/04/2020 15:23

OP, try this on for size - the fastest growing cohort in the homeless population in my country is women over 50. Do you seriously think that's going to improve in a recession?

It's not just the young who need housing.

TriangleBingoBongo · 11/04/2020 15:26

OP, try this on for size - the fastest growing cohort in the homeless population in my country is women over 50.

You mean they don’t all live in 3 million pound mansions?

On a serious note, that’s a really worrying fact.

Ordree · 11/04/2020 15:33

OP, try this on for size - the fastest growing cohort in the homeless population in my country is women over 50. Do you seriously think that's going to improve in a recession?

No, I don't think it will improve in a recession and I think eradicating homelessness should be an achievable goal, with alterations to taxation and to wealth inequality.

OP posts:
ZombieFan · 11/04/2020 15:45

I think eradicating homelessness should be an achievable goal, with alterations to taxation and to wealth inequality
You are ignoring that a core of homeless people choose to be that way. Even when offered accommodation many turn it down.

Altering taxation might very well make the situation worse. We have spent years finding the sweet spot for tax to bring in the maximum possible amount.

janeskettle · 11/04/2020 15:46

eradicating homelessness should be an achievable goal

Yeah, for all.

And not as bloody compensation for being some unique sacrifical generation, which is just total b/s.

janeskettle · 11/04/2020 15:48

Triangle

It's incredible, isn't it, that some people haven't a clue that hardship exists across all generations. Always has, always will.

This demonisation of Boomers is getting out of hand (and I'm not one, so it's not my own skin I'm concerned with). I swear that euthanasing granny is on the table for some people as a form of redistributive justice.

ScrewBalls99 · 11/04/2020 16:06

Perhaps we could all be provided for by the state for this. I am sure the government could just print loads of money and hand it out to all. Failing that I'm sure the lord will provide

dayslikethese1 · 11/04/2020 16:21

I'm confused by this thread...not really sure what the link is between covid and the housing or tuition fees situation. Tbh I think the inequalities in society are mainly class based, not age based. Everyone I know who owns property (early 30s) was either gifted a deposit by their parents or inherited from GPs. People whose families were less well off can't afford to buy for the most part or certainly nowhere where there's decent jobs. Which I agree is unfair. Nothing to do with age or covid imo. I agree there are some historic problems relating to housing policy for sure but these do not only affect young people.

ZombieFan · 11/04/2020 16:27

A universal basic income of £40,000 would eradicate poverty overnight. To pay for it we could just tax all income above 40k at 100%. Hasn't anyone every thought of this before?

00100001 · 11/04/2020 16:41

@ZombieFan

No it wouldn't. It would just mean prices would go up and wages would increase, so the 'low' income would be £40k

Because if you had a basic income of £40,000 for (say) stacking shelves, rather than £20,000.
Then if you're a teacher, who currently starts on c.£25,000, you'd want to be paid more than £40,000 basic universal income, so then the salary is increased to £48,000.
Which means all other wages increase. Giving people more money, pushing prices up such as .... Houses.... And we're back to square one.

pigsDOfly · 11/04/2020 17:23

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Devlesko · 11/04/2020 17:36

Bloody hell, 40k is greedy, no wonder the country is in the state it is.
Live cheaply is my motto, then you'll manage on 15/20k like many of us have to do.
I don't think a universal income should be more than say 15K and if you ant more you get another job.

Alsohuman · 11/04/2020 19:22

My irony detector is still working @ZombieFan! 😉

ZombieFan · 11/04/2020 19:37

@Alsohuman Wink

TriangleBingoBongo · 11/04/2020 19:42

@zombiefan

Uncle Corbyn would be proud! Top idea.

LalalalalaLlama · 11/04/2020 22:00

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Message withdrawn at poster's request.