Quote:
Originally Posted by Damien
It will be the younger generation who'll suffer either way. The alternative to this plan would have been to raise tax/NI on people in work to pay for the shortfall of those who've retired, just after those who've retired were recipients of a triple-lock pension during a time of austerity for everyone else.
Now I still prefer that. I think there is a better argument for increasing spending on social care than there was for the triple-lock but you can see why that approach might have been seen as a unfair path to take.
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Yes, except for the fact that some will suffer disproportionately through no fault of their own whereas the burden could have been spread. I feel the tax option would be a much fairer way of achieving the same end, relatively painlessly.
It's measures such as this which will put off people from saving and lead to those with money/assets to spend it.