Baby boomers – born between 19 – are sitting on record levels of wealth and are poised to receive a bumper 20 per cent more in support than they will have contributed in taxes over the course of their lives.
Meanwhile, young people are struggling to find affordable housing, are earning less than people of the same age did 15 years ago and now face sharply falling take-home pay in order to fund their parents’ care in retirement.
“The time has come when we boomers are going to have to reach into our own pockets,” the Tory peer and chair of the Resolution Foundation will say.
“The alternative could be an extra 15p on the basic rate of tax, paid largely by our kids.” “Is that kind of tax really the legacy we – a generation who own half the nation’s wealth – want to bequeath our children and grandchildren?
He will say that baby boomers have used their outsized political clout to shape policies that have advantaged them at the expense of others.
Politicians on both the left and right must now accept the need for change, Lord Willetts will argue.
“As we, at last, emerge from deficits the recession gave us in this decade, we need to look forward to the pressures an ageing population is set to give us in the next.” Lord Willetts attracted widespread criticism, particularly among young people, for overseeing the trebling of tuition fees while he was universities minister in the Coalition government.
Once you are ready to play the game, click on the plane ticket to go to the new case location.
The main screen has pictures at the bottom of the page. The journal shows Nancy's notes about the present case.
Take out the picture of Bess and George from the bag and is placed on the desk. Close observation of the wedge tail, large bill, shaggy breast ruff and elegantly long primary feathers lead to a wondrous conclusion.
Read the note from Rachel asking for help with a project. Reconstruction of these United States will lead to an even more wondrous conclusion but that is a subject for an altogether classroom.
Heidi Raschke is a longtime journalist and editor who previously was the Executive Editor of Mpls-St.