I do think there is a generational theft, indirectly, though have never thought of it in relation to housing: you are pretty well right as far as that is concerned - and farm succession, for that matter. However, as in my Trotter blog of two days ago, especially the postscript quotation of Mauldin, regarding the chickens coming home to roost finally from 70 years of accumulating unsustainable government debt chasing an economic illusion (the welfare state), and we are the generation to witness the collapse of western economies because of this; plus the update of Mankiw who showed since 2009 the middle class in the US are net tax takers, not payers, in a manner similar to the middle class welfare we have here through tax transfers such as Working for Families; I focus this issue solely on taxation: that is, to support the baby boomers, on top of and due to the Keynesian train wreck that is crunching up all economies, progressive taxes/rates over the next twenty years are going to have to rise, and rise dramatically. Taxation is theft, and that theft is set to rise to the levels seen under Muldoon, and the 90p in the pound under Healey, and when Cunliffe has my wallet from 2014, he'll use the baby boomers as the excuse to empty it at an ever increasing rate to build a state I have no agreement with.Which is to say, to make my point succinctly; the welfare state has been, since inception under Micky Savage, founded on an inter-generational theft through the tax system, as the increasing government dollar spend has always outstripped current taxation: proof? Governments have always had to borrow to meet present unfunded commitments. If our welfare states had been affordable, not reliant on the deeper tax slavery of the next generation, and the next, then there would be no government debt. And we are the generation where the debt racked up is bankrupting entire western nations.
I will be paying more tax than my parents did, as well as financially supporting them. That's the 'theft'. I don't mind supporting my parents, but I sure as hell do the taxation that is making the whole problem of the welfare state worse, and paying for which I've lost my freedom to do with my money as I please, and my freedom per se.
The Soviets thought they had equality, and welfare from cradle to grave, until the illusory free lunch of redistribution took its inevitable course, and cost them everything they had. First to go was their privacy, after that their freedom, then on being ground down to an equality of poverty only, for many of them their lives as they tried to escape a life behind the Iron Curtain. In the state-enforced common good, was found only slavery to the prison of each other's mind; instead of the caring state, they had imposed the surveillance state to keep them in line. So why are we accumulating a national debt to build the slave state again in the West? Where is the contrarian, uncomfortable literature to put the state experiment finally to rest?
Comments Policy: I'm not moderating comments, so keep it sane and understand all spammers die in my world. Government officials please read disclaimer at bottom of page.