Budget unfairness on the young

[PurpleGorilla]

Most people are so shafted they refer to this system as "free market capitalism", when it is nothing of the sort. It is rigged by the political class...

I agree, but FMC, and the loss of the US gold standard is why there has been this mega bubble. Absolutely it has been driven by the greed of the few.

http://www.theguardian.com/business/...it-switzerland

It will pop. I have no doubt. Might take 5 more years, but it will pop. [emoji2]

[Zero Liability]

You agree but still refer to it as FMC? I tend to refer to it as corporatism/cronyism or better yet, corporate cronyism. What the governments around the world have become very good at is taking their pet projects, giving them a nominally "capitalist" appearance (e.g. ensuring the organisation has shareholders, operates - nominally - on profit and loss, whilst enjoying lavish subsidies and regulatory protections etc; good examples are the GSEs in the US), and then sweeping in to the rescue when the inevitable bust comes.

As long as the young fail to gain a clearer appreciation of how the system works, and expect the taxpayer to continue underwriting their debt and providing them with a silver platter, it won't change, and they are part of the problem. This generation may be one of the most academically educated ever, but I'd find it hard to consider it one of the most intelligent, wise or courageous to ever live... The words "idiot savants" comes to mind.

[PurpleGorilla]

You agree but still refer to it as FMC? I tend to refer to it as corporatism/cronyism or better yet, corporate cronyism. What the governments around the world have become very good at is taking their pet projects, giving them a nominally "capitalist" appearance (e.g. ensuring the organisation has shareholders, operates - nominally - on profit and loss, whilst enjoying lavish subsidies and regulatory protections etc; good examples are the GSEs in the US), and then sweeping in to the rescue when the inevitable bust comes.

Don't give a FMC tulip what it's called, I know it has created unbelievable wealth inequality which is inexcusable.

So the young are the unwitting fools poured into the grinder for the benefit of the boomers and the plutocrats, and they deserve all they get because the don't stand up for themselves and show apathy in elections and politics in general. What has the nation become if it believes in that? There is no such thing as society... Fricken witch.

[AtW]

So the young are the unwitting fools poured into the grinder for the benefit of the boomers and the plutocrats, and they deserve all they get because the don't stand up for themselves and show apathy in elections and politics in general. What has the nation become if it believes in that? There is no such thing as society... Fricken witch.

Don't be a victim, be a plutocrat...

HTH

MarillionFun

[Zero Liability]

Don't give a FMC tulip what it's called, I know it has created unbelievable wealth inequality which is inexcusable.

So the young are the unwitting fools poured into the grinder for the benefit of the boomers and the plutocrats, and they deserve all they get because the don't stand up for themselves and show apathy in elections and politics in general. What has the nation become if it believes in that? There is no such thing as society... Fricken witch.

I don't think they deserve to be bound by the debts created by older generations, no. However, to the extent that they actively support the same system that enabled these and will continue to create them, they become complicit in it. I also think correctly identifying the economic system as what it is is important, as otherwise more "cures" that are worse than the problem will be proscribed to solve it. Calling a system where the government blatantly rents out its services to the highest bidder, and intervenes on their behalf, "free market capitalism", is just inaccurate. And it is a shame some advocates of the market have allowed this semantic blurring to go on unhindered.

It's a kind of myopia - to expect the same system of government, which passed these debts onto them, to shirk them off and create "debt free money" () to fulfil their fantasies, as if they've discovered insights that eluded the alchemists. Maybe they should spend some time in Argentina or Venezuela, and see how much these demagogues really care about "the people" when push comes to shove. Then you get useful idiots like Piketty who are manifestly unable to identify the cause of the current wealth inequality, and just try to ride the wave of sensationalism this phenomenon has caused.

[stek]

Socialist Stek. Wish he'd lead the country with proper values and maybe, just maybe we'd not be still fooooking each other over for a percentage.

[PurpleGorilla]

Budget unfairness on the young

I'm just so very very weary of it all. Hoping another good year or two of contracting might help. Never thought I was asking for too much. A driveway to park and wash the car, a secure garden for my kids to play in, and enough space to not feel like my next door neighbour can hear me taking a tulip...

[stek]

I'm just so very very weary of it all. Hoping another good year or two of contracting might help. Never thought I was asking for too much. A driveway to park and wash the car, a secure garden for my kids to play in, and enough space to not feel like my next door neighbour can hear me taking a tulip...

I really think after the kids are sorted I'll cash my lot in and do 'something' to help other people, no idea where or when, I'm 54 and all I can see are profit motives and pension plans and ISA's and 'the bottom line'

I'm no bleeding heart, the beggars in Leeds City Centre can fooook off, they'll get nowt off me, sponging gets, they have all the opportunities in the world to help themselves. But some don't, and those in that trough need real help, not just money, but empathy and hope.

I'm as guilty, when did I turn into this hapless loon? Probably Special Brew to be fair....

Seriously though, is it so easy to turn ones back? It is, we all do it, but for how long?