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Jeremy Paxman Slags Off The Boomers

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It will be Generation X and possibly Generation Y who will gain from my windfall as a member of the Silent Generation. Or I may spend it before I go. ;)

This is the most irritating sentiment I find.

a) The young will be old once they get it. Causes problems for parents as they seen as not up to their own parents standards.

B) Could always be spent or go to care

c) It is held over one whether its intended or not.

d) I think it causes horrible divisions between the generations.

e) There is a guilt from some boomers as they have it about a 1000 times easier than the current youth-->middle aged - now. The boomers have known hard times at points and so believe they need to hold on to any wealth just in case.

Younger people often buy cars and ipods because they have no chance. I know some 30 year olds who have been training and saving for a house for 10 years and have been beaten - so just bought a car.

I don't think bashing is the way forward - some understanding from the boomers would be a start.

Next up is mass emigration .....

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Being a boomer, I personally remember that nasty piece of work Willets and his neo-con social engineering when he was Thatcher's adviser. That was when all this damage to our financial systems started, the privatise everything mantras, make people "responsible for their own health" tosh. Everything he writes or says has a hidden agenda. This time is transparent, to deflect the rage of the mob onto the bystanders, whilst his cronies walk off with every assett that's not nailed down.

Interesting, I am too young to know that Willets has been around the block before. No doubt he has an agenda, or perhaps a bit like Paxman he has latterly felt some guilt for his earlier self.

I think the popularity of the book does show that there is some support behind the idea of boomers taking the most of the spoils, or having cheaper housing. As many others have said the most annoying thing is boomers patronising the younger generations about saving for a house, whilst expecting to get top-grade support via the NHS and pensions in their retirement, possibly after having spent the majority of any inheritance on round the world trips and the like.

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I was going to post PM but two birds with one stone. I am 1961 and would consider myself a late boomer but....as has been pointed out many times our baby boom generation was a different shape entirely to the US curve that led to the phrase.

I would also agree with PM that Willetts as befits a politician actually didn't really do his research the main beneficeries of the massive cohort were those born 1950 -1955 as Malcolm Gladwell's book points out.

Look around at the middle manager nothing spectacular in fact a bit of a goon but born late fifties early fifties rose through full employment era, retired on a non contribution pension mid nineties. Sitting pretty. Late boomers 1961 onwards not complaining but not quite as smooth ride and here we are in 2011 with tax going up, kids at uni and fees going up and no where near retirement.

there is a cohort born 1960s who went into public sector jobs who minted it in defined benefits - ie they entered when salaries were low but pensions made up for it, then public sect salaries went spectacular and the pensions were unadjustred for existing workers

these are the born 1960s cohort who absolutely amaze me, the most consistently venal and unrealistic of the lot, current public sect middle management minted it for random chance, and there are so many of them owing to the Brown publci sector expansion

edit: in addition, these guys were pre-student loans, pre-house price boom, and many of them, if not in public sector, worked in various public sector consultancy/contractibng roles amounting to the same benefits. So it is not the entire cohort but a big and loudmouthed segment, I guess 50%. You really notice it up north - running the big cities yet living in dormitory towns so not to be exposed to the riffraff they suppress under their over-weight Labour boots.

Edited by Si1

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I always thought of the 'fortunate generation' as those who partied in the 60s, matured in the 70s, and got rich in the 80s. Lots of them, but far fewer in the next generation up - hence a disproportionate abundance of opportunities to advance in a static system. But of course they also had more overcrowded and substandard (not to mention literally bombed-out) housing than us, all-time big class sizes at school, and other drawbacks.

The 60s-born are the opposite: not just lots of competition from our contemporaries, but all the slots a generation up firmly occupied.

It's the charlatan Willetts who lumped these very different generations together in a move to nudge public mood.

Can't agree with the class sizes bit. I was a late boomer born August 1964, that was the bulge year for births and the class sizes and overcrowding were at an extreme. Indeed I did not get a place at school until Christmas 1969, one term late, because of lack of capacity. Then for my troubles, I was deemed remedial and good cane fodder by the Victorian style school with its sadistic teachers. Interesting that the disavantage to August born kids (in the news today) and missing a whole bloody term was not even considered.

Edited by crashmonitor

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there is a cohort born 1960s who went into public sector jobs who minted it in defined benefits - ie they entered when salaries were low but pensions made up for it, then public sect salaries went spectacular and the pensions were unadjustred for existing workers

these are the born 1960s cohort who absolutely amaze me, the most consistently venal and unrealistic of the lot, current public sect middle management minted it for random chance, and there are so many of them owing to the Brown publci sector expansion

edit: in addition, these guys were pre-student loans, pre-house price boom, and many of them, if not in public sector, worked in various public sector consultancy/contractibng roles amounting to the same benefits. So it is not the entire cohort but a big and loudmouthed segment, I guess 50%. You really notice it up north - running the big cities yet living in dormitory towns so not to be exposed to the riffraff they suppress under their over-weight Labour boots.

Person A: I'd like a big pension

Person B: your career salary isn't that high.

Person A: but I'm worth it

Person B: I'm afraid it doesn't add up. Unless we make it defined benefit.

Cut to party scene with Person A and B with funny hats on blowing streamers. They conga into the distance.

Then the strapline:

"Defined benefit - for when your didn't contribute enough but feel entitled"

The small print, dark grey on black:

"Future generations will have to pay for it and may resent you"

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Boomers will be remembered for using up the planets resources in the 63 years between 1945 to 2008. The grasping ones will not be remembered with any real affection though.

Insecurity has destroyed this lot as they always believed what the advertisers told them.

Fecking tragic if you ask me. :rolleyes:

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Person A: I'd like a big pension

Person B: your career salary isn't that high.

Person A: but I'm worth it

Person B: I'm afraid it doesn't add up. Unless we make it defined benefit.

Cut to party scene with Person A and B with funny hats on blowing streamers. They conga into the distance.

Then the strapline:

"Defined benefit - for when your didn't contribute enough but feel entitled"

The small print, dark grey on black:

"Future generations will have to pay for it and may resent you, but who cares as you'll be long gone by then! :D "

corrected.

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The' lucky generation' is any that were of an age that they didn't have to serve in any war we have had over the past few centuries.

Boomers gave you the internet (and hence this forum)

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Thank goodness that once and or all they've now identiied the real culprits and also thank goodness that the politicians and bankers etc have all had their names cleared for the latest gargantuan economic and financial disaster.

Now lets leave the politicians and bankers alone to get on doing what they're best at and that's prudent banking and clearing up the terrible financial mess (caused by everyone else) afterwards, after all for sure they know what they're doing and hey ho even their best efforts for thrift and prudent discretion over the years are sometimes just thwarted by people like the whatsitsnames the boomers?

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Do you think he saw this,

Says all we will ever need to know

Jeremy Paxman telling the DM readers how it is

"The soaring cost of putting a roof over your head is surely one of the most unattractive — and pernicious — characteristics of the past 40 years. And yet for decades the media have reported a rise in house prices as being somehow a cause for celebration and a fall as a bad thing.

But the consequence of this obsession — and the borrowing that made it possible — was to destroy the relationship between property prices and wages: housing is now so far beyond the reach of many young people that significant numbers doubt whether they will ever be able to buy decent accommodation. "

Or

"The only explanation for the nation’s obsession with property prices is the Baby-Boomers’ smug conviction that, having entered the market, the only thing they need to do to become wealthy is to sit on their backsides.

And who can blame them?

In 1968, when the first of the Baby-Boomers were beginning to think about settling down, 425,000 homes were built in Britain. Last year, the total was just over 100,000 — fewer than in any year since 1923. With figures like that, of course, the cost of putting a roof over your head rises.

Lucky Generation investors who followed the advice of property-porn television and got into buy-to-let schemes developed another way of taking money from the young and securing it for the old"

http://www.dailymail.co.uk/news/article-2055497/JEREMY-PAXMAN-Baby-Boomers-selfish-generation-history.html

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Do you think he saw this,

Says all we will ever need to know

So, by Mr Goldsmith logic, the West really shouldn't be exporting labour saving technology to the emerging world either say that 'destroy jobs'. He appeared to have no concern about UK companies going bust either (unless they can get all manufacturer to only manufacturer at home)

It is a not a nice world that we are in, it is a competitive world, but overall it delivers better standard of living to the majority.

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Thank goodness that once and or all they've now identiied the real culprits and also thank goodness that the politicians and bankers etc have all had their names cleared for the latest gargantuan economic and financial disaster.

Now lets leave the politicians and bankers alone to get on doing what they're best at and that's prudent banking and clearing up the terrible financial mess (caused by everyone else) afterwards, after all for sure they know what they're doing and hey ho even their best efforts for thrift and prudent discretion over the years are sometimes just thwarted by people like the whatsitsnames the boomers?

Damn right the boomers were the main culprits. They twisted Keynsian logic and decided that you not only ran up deficits during a bust, but you also ran up deficts during a boom and mortgaged the children's inheritance, grand children etc.. Tbf Major did try 1990-1997 and got the defict down to 35% of GDP before the fat one nuked the economy (and Major even managed that during a semi-bust).

How selfish can you get demanding unfunded final salary pensions, new hospitals etc. etc. on the basis that your grandkids will be richer and therefore they can pick up the bill. We are selfish c**ts. The grandkids may not be richer, they may not be able to pick up the bill.

Edited by crashmonitor

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So, by Mr Goldsmith logic, the West really shouldn't be exporting labour saving technology to the emerging world either say that 'destroy jobs'. He appeared to have no concern about UK companies going bust either (unless they can get all manufacturer to only manufacturer at home)

It is a not a nice world that we are in, it is a competitive world, but overall it delivers better standard of living to the majority.

I think his point is that the rest of the world hasn't had the enlightenment and shipping advanced tech to people who still worship doorways and practice slavery is a recipe for a ******ed up social situation. The only way you can compete with slave labour on price is to create your own slaves.

It's the same reason that one shouldn't be giving Ak47's to insane african dictators who genuinely believe in witchcraft.

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I think his point is that the rest of the world hasn't had the enlightenment and shipping advanced tech to people who still worship doorways and practice slavery is a recipe for a ******ed up social situation. The only way you can compete with slave labour on price is to create your own slaves.

It's the same reason that one shouldn't be giving Ak47's to insane african dictators who genuinely believe in witchcraft.

"they" saw this coming...thats why Bliar wanted to get 50% of the population with degrees...so we would have a "knowledge economy".

We would have been World leaders in Law suits and handing out pieces of green paper and diversity.

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"they" saw this coming...thats why Bliar wanted to get 50% of the population with degrees...so we would have a "knowledge economy".

We would have been World leaders in Law suits and handing out pieces of green paper and diversity.

he wanted 50% of the population in massive debt so they could become slaves.

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This is the whole point of the 'boomers are to blame' meme. It is designed to provoke pointless threads like this one where the terms of the debate are never really defined in detail. The aim is to generate facile fingerpointing and provide some vague focus for peoples anger without actually changing anything fundamental. Indeed, there is a subtle sub text to the story which is that anyone under 40 is encouraged to think that everyone over 40 (ie their Mum and Dad) is responsible for the plight rather than a relatively small group of powerful and well connected individuals at the top of society. By the same token the message to the over 40s is that the under 40s are out to get them but if they are prepared to sacrifice some of their savings and pensions the boys and girls at the top will ensure that nothing untoward happens to them. By playing both ends against the middle and controlling the debate the establishment stay in control and are able to shaft all generations equally.

What is so sad is that so many suckers fall for it.

+1000

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  • 314 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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