Tax system

[Cupcakes2024]

Watching some of Jamie dimon from JP Morgan and chase bank, speech's and one point he advocated is rather than tax the rich to raise taxes is instead its better to have a balanced tax system , basically is Jamie correct ?

Which isn't the fault of the students is it? It's the fault of society in general, employers, governments, etc., and more specifically Tony Blair and his stupid aim for 50% of school leavers to go to University!! Today's younger generation are paying the price for that stupidity.

Re university, you're out of touch. Many jobs that had minimum requirements of only O levels or A levels in the 80s now require a degree.

I’m not out of touch. I’ve just said exactly the same thing. It’s interesting that the current generation seems to be seeing straight through it and student numbers are falling.

Fucking hell, we agree at last. Pass me the smelling salts.

The resentment and envy of pensioners here is incredible.

I think people get annoyed at the unfairness & the refusal by some to acknowledge it.

What’s so special about your generation(s) that you’re treated differently?"

What like having pension age pushed out despite no increase in healthy life expectancy?

I'm glad you are not in charge.
Did you know there is a massive genetic component to things like heart disease, t2 diabetes etc?
I bet you'd be up for euthanasing the sick to reduce the cost to the state!

What like having pension age pushed out despite no increase in healthy life expectancy?

It happened to us too. In fact it happened twice to 1950s women, with too little notice to plan the second time.

What’s so special about your generation(s) that you’re treated differently?"

And the fact it’s 3 workers to 1 pensioner means things are going to be very different

It happened to us too. In fact it happened twice to 1950s women, with too little notice to plan the second time.

Surely healthy life expectancy improved though?

No resentment or envy here generally but yes acknowledge the difference

Dealing with that aging population statistic is going to massively strain the younger generations

Dealing with that aging population statistic is going to massively strain the younger generations

the demographics changes are certainly unknown territory.

Not in the last ten years.

But the 1950s wasn’t 10 years ago…

and it’s actually gone a little backwards in the last few years but hey work till 70!

Nobody said it was. It was a reference to the time when my generation started claiming pensions.

*What like having pension age pushed out despite no increase in healthy life expectancy?

It happened to us too. In fact it happened twice to 1950s women, with too little notice to plan the second time.

🧐

The healthy life expectancy at the time you’re born is entirely irrelevant. When it counts is when you get old. You’re conflating two completely different things.

Did you know there is a massive genetic component to things like heart disease, t2 diabetes etc?

Thats an important point, I often see a narrative on here that a healthy lifestyle will keep you free from chronic disease. Obviously it will help but lots of diseases are genetic as you say.

The healthy life expectancy at the time you’re born is entirely irrelevant. When it counts is when you get old. You’re conflating two completely different things.

No, you replied to my post about pension age getting further pushed out despite no change in healthy life expectancy & said it was the same for 1950s women. I just disagree that it’s the same but you can believe it if you want.

You’re right. It’s not the same. You’re highly unlikely to see your pension age pushed back a total of six years in two increments in the space of 15 years.

I said a few pages ago that we never truly recovered from the 08 recession & I heard on the radio a discussion about GDP per capita which is pretty depressing.

The rate of growth in GDP per capita, which is essential for living standards, has also more than halved since 2008 to 1.2 per cent. So people are likely feeling it far more than the top line recession figures suggest. But how do you fix the productivity issue?

When the pension age changes it changes for all of us

If you’re close or far from it you still need to work to the older age

And it’s more likely it’ll move again if you’re young

Of course. But the younger you are when it changes the more time you have to plan accordingly. It’s highly unlikely to increase twice in 15 years, resulting in a change of six years again.

Well let's hope so. Since a change from 60 to 66 is quite different to a change from 68 to 74. I wonder how many of us would make it that far considering the fact that life expectancy has started dropping.
I'm really not sure why you keep arguing that the deal your age cohort got is worse @BIossomtoes . It quite clearly isn't.

I don't know why you'd assume they won't do the same again. At least you were starting from a better point.

Yes it’s only going to get higher