The Forum > General Discussion > Intergenerational Equity
Intergenerational Equity
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"But its game plan is to divide the society into competing groups which it can then play off against each other for their, the left's, electoral advantage."
That is Trumpism all over, so are you saying your folk hero Dangerous Doctor Donald is a lefty? Just as you claim Adolf was a lefty because he had the word socialist in the Nazi party name. In my opinion the Horseshoe Political Theory holds true, moderates at the top centre, some being progressive, others being conservative, with extremists hard right and hard left at the extremes, but coming closer together.
On this topic there is a necessary debate in Australia about intergenerational equity. The debate centres around issues of housing, welfare, taxation and living standards into the future. As a member of the Baby Boomer cohort I have done well from the system, and my expectations in life have been met. Many young people believe they are being asked unfairly to contribute to an already over indulgent cohort, the Baby Boomers, whilst having little prospect of obtaining the same benefits in the future for themselves.
Is it fair that a young person paying income tax, having no prospect of owning their own home one day, pays a tax subsidy like negative gearing to a landlord who owns 30 houses, and the young taxpayer has to pay sky high rent for one of them. Hardly seems fair.
You'll hate this. My wife who owns a unit outright, in inner Sydney, lets it for $100/week less than what the agent said it should be, but she only rents it to overseas students. There were 3 Indian girls going to Uni at one time, handy to shops and public transport, short distance to Uni, ideal for students. Her argument is she is getting the capital gain, and we don't need the extra $100 week, so she tells me.