UK Wealth is highly concentrated, lightly taxed and held by older people. This is the conclusion drawn by Angus Hanton in his review of the recently published Wealth in the UK: Distribution, Accumulation, and Policy (Oxford, 2013), written and edited by a number of leading academics at the London School of Economics
Category: Taxation
Alaska’s mining industry raises difficult questions about justice for future generations
David Kingman ponders whether we can ever claim to know what future generations will want, using the Alaskan mining industry as an example
Why are long-term liabilities so poorly understood?
David Kingman asks why so many people don’t seem to fully understand what liabilities are and why we should be concerned about them
Britain needs more tax revenue – but who will pay?
David Kingman reflects on a recent BBC radio programme which investigated which taxes are likely to rise after the next general election
New report warns that the UK may not have made enough public spending cuts to deliver fiscal sustainability
The UK has endured years of punishing austerity – but might the Government have to cut back even further? David Kingman explains.
New research suggests young Britons are more liberal than any previous generation
David Kingman examines the evidence that young Britons have become exceptionally liberal
What is the state pension for?
David Kingman argues that the UK needs to radically rethink the role of its state pension, for the good of both young and old
Cameron reiterates promise to protect universal OAP benefits
The Prime Minister has again issued his support for the status quo on OAP benefits, despite mounting opposition from some of his colleagues. David Kingman comments
IF Vox Pop: a baby-boomer pensioner wants to rebalance the books
IF Vox Pop is a series of pieces submitted to the Intergenerational Foundation by members of the public, expressing their take on the issues we raise. Here Janet Gunn, a pensioner living in South London, suggests ways to redress the bias towards her generation.
Are young people being “indentured” or “enslaved” to support the older generation?
Angus Hanton feels the dice are loaded against the young, and government action is required if we are to avoid a breach in social cohesion