Claiming the problems of the 70's was only caused by the oil shock is as disingenuous as claiming that they were only caused by unions.

Likewise claiming that the recovery of the 80's was only caused by our north sea oil is as disingenuous as claiming that it was only because of deregulation and union power curtailment.

In each instance, both are a lie told to push a political narrative. The reality is both the oil roller-coaster and the unions overreach and collapse caused the events that shaped the boomers young adulthood.

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How I envy our European neighbours who invested their oil money wisely and where the unions are still strong, because their unions chose to work with management instead of treating them as the enemy.

Always annoying when you spill egg in your salt.

You are both kinda right and kinda wrong.

The changover now starts in the early 40's, which is coincidentally the age when many people start getting their first inheritance from grandparents and start realising how much they are going to get if their parents own property.

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For context, retirees with assets worth a combined total of over £500,000 make up 1/8th of the population. Once you include people who will inherit from them, something close to half the population has a vested interest in keeping retirment costs and inheritance tax low.

If you expand this to cover anywhone who is a homeowner or will inheret from a home owner, something like 80% of the population has a stake in this.

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The remaining 20% are feeling a bit shafted and are (understandibly) making a lot of noise about that.

Capital gains takes a 28% chunk out of the value increase of a property when it's sold, if its not your primary residence.

So Second/Third/Fourth homes get hit by capital gains and inheritence tax if the inheritors sell them.

If the inheritors sell a large property-based inheritence, they usually end up with only half its value.

Yeah. Pretty much the same way I feel about momentum, despite trusting mainstream labour.

You know the same additional tax is also being levied on dividends as well. Right?

Worse. It would be effectivly funneling money from your local authority to something you activly disagree with.

They are.

I just went and looked at the tory sub and there are articles about this being an assetocracy, about how it is straining trust in the government, about how these are not conservative policies so conservatives winning elections is meaningless, polls that show Boris has to go etc etc.

Tories are pissed.

Did you bother to check before making this comment?

My grandmother lived a modest life and then sold her home after my grandfather died.

When she finally passed it turned out that the returns on her pot were larger than her care costs, so she died with more cash than she retired with even after spending the final 5 years in a very nice private care home.

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TLDR: I'd advise you to look at costs vrs income before you do something drastic. If the inheritance is going to keep going up even after your costs, stick around a while to make a few more nice memories for the great grandkids.

Speaking as someone who no longer has grandparents, I valued that time I had with them in retirement.

I'm happy they are being given up and as it happens I don't think these powers were abused, despite the massive potential for abuse that was inherent in these powers.

The problem is this sets a precedent for next time when they say 'Look, we gave them up before. Trust us'. And then they don't. And then they abuse them.

Which of those laws are legally valid?

'Company punished for crime they committed' is not clickbaity enough, so something else often pushes it out the way.

I do, because I have always chosen to live significantly below what I can afford and have been ruthless with removing costs when they drop from being a necessity to a convenience.

For example: After starting a job that I travel to by train, and having everything else I want to do in walking distance, I sold my car and let the excess money funnel into my reserve/investments.

I've seen no one complaining about her being black.

I've seen lots of people complaining about people complaining about her being black.

Given that 60% own their own home and half the rest are set to inherit from one of them, I think you have a very strange definition of 'a select few'.

Personally I'd call 80% 'A large majority'.

No, this is the bit where I point out that the Food and Drink federation have been complaining about having to pay their staff a living wage and are bribing lobbying the Tories for drastic increase of visas so they can keep salaries low.

Anything they say should be treated with the utmost scepticism.

Do you have any idea what a tiny proportion of pensioners do what you and the person you replied to said?

The median wealth of a pensioner, including all their assets and pension, is £30,000.

Just take a step back and look at how you have decided to hate their entire group, because of the actions of a few. Reflect a little on that kind of mindset.

Are they talking about GDPR, or how bad the clickbait title is?

I wish people would take the time to see how our population density and housing issues are far greater than those of countries who are taking in more refugees, and that our wealth as a nation doesn't magically solve these problems.

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There is so much stupidity to unpack with your 'one child' comment, that I'm not even sure where to start. The idea that people who want to eliminate immigration must automatically support drastic internal legislation that intrudes on citizens private lives is such a leap that I'm not even sure how you made it.

Not an acceptable excuse unfortunately.

An entire article is tainted if part of it is a proven lie.

People still get committed to the status quo, but it happens later now.

People have talked about demographic shifts changing things for decades, but it just doesn't happen because the young people of today inevitably grow to be old people attached to the status quo.

Look at what todays boomers were like back in the 70's and 80's.

Anyone who has watched Labour slowly become the party of the middle class.

You have a child's understanding of political issues.

If it's that terrible, feel free to take it all as direct salary instead.

Except you won't, because even with these changes you are still better off going through dividends.

Some moderate labour economic policies, without a woke brigade as a lodestone dragging a party down, is the path to victory.

No shit.