Thursday, Apr 01, 2010
This might get the boomer bashers going
Express: FALLING POUND PUSHES EXPATS INTO DEBT CRISIS
Although I am a boomer myself and will stand up and fight against what I see as unfair attacks on my generation, I've got to say that some of these people probably do deserve criticism.
Posted by mr g @ 10:33 PM (1310 views) Add Comment
13 Comments
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1. nubbers said...
Is there anything we can do to stop these pensioners coming back? Just as all our young, talented, economically viable ex-pat Poles are being enticed back home, we are going to get flooded by geriatrics. I guess this is relevant to house prices as the economy is going to go down the plug hole. Again.
2. mken said...
"many are asset rich but cash poor" ?
I wonder which assets they mean
3. paul said...
"Unfair attacks"? Hmmm. Makes you sound like Nick Griffin!
4. cyril said...
Maybe we should have joined the Euro when we had the chance? Being economically out of phase with the Eurozone is a recipe for diasater but probably good news for currency traders etc. Another example (if any were needed) of the financial system serving its own interests and screwing up normal people's lives. Mind you it is the Daily Express so it's probably not true anyway.
5. mark wadsworth said...
@ Nubbers, comment 1, I think you have just made what Mr G might consider an 'unfair attack on his generation'. But it had me smiling from ear to ear.
6. mr g said...
@MW re Nubbers comment.
I don't see that as an unfair attack on my generation per se but an insult to geriatrics but, hey ho, it's the younger generation right to preach political correctness, you can't be racist, sexist, discriminate against the disabled or on grounds of sexual orientation etc, etc ad nauseam.
However, it's perfectly acceptable to be ageist, although ageism was outlawed in October 2006 and effectively mock geriatrics and group all older people as geriatrics.
Do as I say, not as I do.
Hitler, Stalin, Mao and sundry other monsters would be delighted at this attitude.
7. letthemfall said...
As an aside on age discrimination, this is predominantly found in the private sector - those yoofful companies that take one look at DOB and throw application in bin. So much for "private sector efficiency."
8. alan_540 said...
I suppose all the old duffers can flog up in Spain and rent over here, thus helping out the young BTL generation.
9. Stevie Dee said...
@mr g. Have you heard of the khmer rouge?
10. Ganter said...
Unfair attack!! What planet are you living on? Your generation has literally sucked the marrow out of the younger generations. The unfunded liabilities for the services you've awaded yourself alone is enough to burden the young with a lifetime of lower living standards. I hate it when boomers say "I've paid taxes all my life, and all I want now is what i'm due". Yeah, you've paid taxes, but only 30% of the total cost!! Guess where the other 70% will come from.
Hurry up and pop your clogs.
11. mark wadsworth said...
Mr G, I applaud you for sticking to your guns, but the main drivers of high property prices in the UK are...
a) Restrictive planning laws aka NIMBYism, and
b) The constant shift from taxing land values (like in Olden Times) to taxing incomes and subsidising land values (like Nowadays).
Whether you personally approve of these or not, I think it's fair to say that the older people are, the more likely they are to be NIMBYs or to oppose property taxes. This is not necessarily an age thing - NIMBYism tends to kick in the minute somebody buys a house - even if it's a new build; but the gradual shift from land value taxes to income taxes is definitely in the past (lowlights in 1963 and 1989), ergo, older people are more to blame for this shift.
12. mr g said...
@MW
Genuinely, I agree 100% with your comments and sympathise with the younger generation regarding house prices as I see the consequences with my own kids. 1 is buying what used to be called a maisonette flat with a mega mortgage, the other is simply priced out of the market.
As I have said many times before, I'm not bothered in the slightest about house prices for my own purposes. I want to see a return to sanity in housing but I will stand up and fight what I see to be ageism and hypocrisy.
I'm not patronising you in the slightest when I say that, by and large, I find your comments sensible and practical.
13. Blissex said...
«those yoofful companies that take one look at DOB and throw application in bin.»
That's completely the wrong description, it is not companies that throw applications in the bin, it is boomer managers who don't want to hire anybody their age or older fearing they might be a threat to their own careers.