No smilies, no avatars, no flashing gifs. Just discuss the issues of the day, from last night's telly via football to science or philosophy.
AlanII - 26 Jul 2020 18:40:55 (#1 of 455)

Over forty is aged?

airynothing - 26 Jul 2020 18:41:38 (#2 of 455)

Well, some of them are.

xDiggy - 26 Jul 2020 18:41:59 (#3 of 455)

Everyone over 40 will start contributing towards the cost of care in later in life.. Under the plan over-40s would have to pay more in tax or national insurance, or be compelled to insure themselves against hefty bills for care when they are older.

Jesus. This sounds like an actual good and brave policy.

AlanII - 26 Jul 2020 18:43:26 (#4 of 455)

Sounds crappier than wearing a mask, Diggy.

InternationalVicar - 26 Jul 2020 18:49:21 (#5 of 455)

over 18s would make it even better

moto748 - 26 Jul 2020 18:50:38 (#6 of 455)

Bring back SERPS!

airynothing - 26 Jul 2020 18:51:24 (#7 of 455)

Possibly, but at that age the poor bastards are still paying off their student loans.

xDiggy - 26 Jul 2020 18:52:48 (#8 of 455)

Presumably enough is raised on an actuarial basis if you start paying at 40, and it’s fair to focus the tax away from young people battling against multiple generational unfairnesses.

moto748 - 26 Jul 2020 18:53:44 (#9 of 455)

So tax the Bank of Mum and Dad, then?

LazyDazy - 26 Jul 2020 19:00:42 (#10 of 455)

It might have a pleasing effect on Conservative votes.

meepmeep - 26 Jul 2020 19:06:57 (#11 of 455)

Possibly, but at that age the poor bastards are still paying off their student loans.

As are most of us aged 40, who are starting to feel more than a little fucked over, given that we're the edge of the Millenials who have never had a boom time - becoming economically active just in time for 2008 - and have only just got onto the housing ladder, if at all.

xDiggy - 26 Jul 2020 19:08:54 (#12 of 455)

If we want decent elderly care, we need to pay for it. If we want it to be anything other than a lottery it needs to be a collective solution which pools risk. If we want it to work then everyone needs to contribute to it. Personally I'd prefer something with an inheritance element that recognises the huge sums unequally sunk into the property market, but on the face of it, this proposal would be more than acceptable. If it ends up looking like this, opposition parties should support it and get this monkey off our national back.

bossab2 - 26 Jul 2020 19:09:42 (#13 of 455)

Yeh, tell the Boomers that if they voted for governments who pissed National Insurance contributions away, then they can fund their own care homes.

browserbutton - 26 Jul 2020 19:10:17 (#14 of 455)

Invite young energetic immigrants to look after the ageing population?

xDiggy - 26 Jul 2020 19:11:04 (#15 of 455)

The one bit of this that sounds a bit more predictably Tory is the ability to opt-out with private insurance. But in reality that's likely to be very financially unattractive, I can't imagine a market ever developing.

bossab2 - 26 Jul 2020 19:12:24 (#16 of 455)

The Tories are just wriggling as they've spent all the funds.

moto748 - 26 Jul 2020 19:19:58 (#17 of 455)

I never know quite who 'boomers' are. And all the rest. Are the appropriate birth years listed somewhere all together for Boomers, Gen X, Millennials, etc?

Ginmonkey - 26 Jul 2020 19:21:55 (#18 of 455)


Boomers 1946 - 1960

Gen X 1960 - 1980

Millenials 1980 - 1995

airynothing - 26 Jul 2020 19:23:53 (#19 of 455)

Ginmonkey - 26 Jul 2020 19:26:01 (#20 of 455)

Ming is broadly correct that those who are 40 now, broadly old millennials/young Gen X will feel bit squeezed by this - did not benefit from house price inflation, no student grants, poor pension provision.

However as diggy says this does have to be paid for. Me, I'd prefer a decent inheritance tax or tax on house price inflation as I already think we tax income too much and capital too little.

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