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Why Children Born Now Have Less Chance Of Bettering Their Lives Than Those Born In 1946...

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it all seemed to go wrong as soon as credit cards arrived.

It all went wrong when Nixon closed the gold window. Pull up any number of finance charts and the correlation with that date is astounding.

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It all went wrong when Nixon closed the gold window. Pull up any number of finance charts and the correlation with that date is astounding.

about the same time as the UK joined the Common Market - double whammy.

Edited by billybong

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The mess left by the war probably opened up a lot of opportunity back then (even if the opportunity is to make a fortune by selling your house to your grandchildren at a huge price and live off pensions paid for by someone else), although don't let that leave you thinking that I don't agree with the sentiment.

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Money for nothing started in the 1980's. Wealth inequality worsened in the 1980's.

And the parents of that generation took full advantage of it ---AKA boomers and yes you are spot on about the second part as well

The children from that decade and on have been screwed

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And then the Tories offer us Zac Goldsmith as mayor of London candidate. A billionaires son. Im sure he will have my best interests at heart.

Edited by 999house

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And then the Tories offer us Zac Goldsmith as mayor of London candidate. A billionaires son. Im sure he will have my best interests at heart.

His mum said "he is so rich, he can't be bribed". At least he has never campaigned to help terrorists escape justice.

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I didn't see much about generational equality in there, mainly another whine about privately-educated individuals dominating everything. As for the Guardian, good grief. What's that statistic again about the percentage of privately-educated Guardian columnists?

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The most striking aspect of that article is how much of a massive **** Eddie Redmayne is.

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It all went wrong when Nixon closed the gold window. Pull up any number of finance charts and the correlation with that date is astounding.

The Nixon Shock was the culmination of events that had begun two decades earlier. The establishment of unregulated Eurodollar deposit markets and the parallel development of tax avoidance jurisdictions in overseas territories were the root cause,

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