Topic: | Retirement and Capital Accumulation | |
Posted by: | Paul Pryce | |
Date/Time: | 29/09/14 14:03:00 |
Steve, I am very envious of you taking early retirement but to be able to do so you must have accumulated a serious amount of capital, the very thing you have berated older people for. I agree that older people have generally left a very poor legacy for the younger generation but wouldn't agree that this is because of greater social inequality - this has got greater because the country has become more prosperous over the last 30 years. The rich have got richer but so have the poor, it is just that the former have done so to a greater degree. The real crime we have committed against the next generation is the massive burden of debt we have left them - this makes it impossible for them have the standard of state provision and benefits that we have currently. |