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Call for pensioners to ‘share the pain’ of cuts
Pensioners should share the pain of austerity cuts and pay more tax to promote fairness between the generations in the housing market, a think-tank has warned.
The Fabian Society claims high levels of home ownership among older people threatens fairness, as the wages of middle-income workers stagnate and they cannot afford to buy a home.
It argues pensioners’ taxes should increase, their benefits should be cut, and a tax on property wealth should be introduced.
The report follows previous warnings that the range of universal benefits for pensioners in Scotland such as free care and bus travel may lead to conflict between the generations.
It also comes weeks after Welfare Secretary Iain Duncan Smith failed to rule out future cuts to benefits such as Winter Fuel Allowance for well-off pensioners, while Business Secretary Vince Cable has also said it was “barmy” to continue paying benefits to wealthy pensioners.
Philosophers stone – selected views from the boat
http://philosophers-stone.co.uk
2013-04-22 05:02:09
Source: http://philosophers-stone.co.uk/wordpress/2013/04/call-for-pensioners-to-share-the-pain-of-cuts/
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