{"id":87515,"date":"2018-05-09T23:49:33","date_gmt":"2018-05-09T16:49:33","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/millennials-need-a-fairer-society-not-a-10k-handout-letters\/"},"modified":"2018-05-10T00:05:01","modified_gmt":"2018-05-09T17:05:01","slug":"millennials-need-a-fairer-society-not-a-10k-handout-letters","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/millennials-need-a-fairer-society-not-a-10k-handout-letters\/","title":{"rendered":"Millennials need a fairer society, not a \u00a310k handout | Letters"},"content":{"rendered":"


\nReaders respond to the Resolution Foundation\u2019s proposal to give \u00a310,000 to 25-year-olds in a bid to reduce intergenerational inequalityThe Resolution Foundation\u2019s recommendation to give \u00a310,000 to all young people when they turn 25 (Report, 8 May), irrespective of income, may make a small contribution to reducing generational inequalities, but it is also highly likely to increase inequality. For those young people who are already well off, it will provide additional family capital, by potentially reducing the dependence on \u201cthe bank of mum and dad\u201d for funding accommodation and educational and business opportunities, but at the same time increase inequalities between better-off and poorer parents. Surely a simpler and more equitable policy to meet the changing income, housing, health and social care needs of different generations would be to introduce a single progressive system of income tax which incorporates inheritance tax and replaces national insurance, which overall has a regressive impact.Prof Mike SteinUniversity Of York\u2022 It is proposed that the \u201ccitizen\u2019s inheritance\u201d be funded by a change in tax law such that all gifts and inheritances up to \u00a3500k attract a 20% charge and any above \u00a3500k, 30%. The current regime levies nothing on in-life gifts (provided the giver lives for seven years more), nothing on estates valued at less than \u00a31m and 40% thereafter. The Resolution Foundation\u2019s ostensible benevolence towards millennials is misguided in its proposed approach, given that it would move the tax burden away from the richest in society and back towards the masses, irrespective of age. A cynic might even consider the CBI\u2019s stake in this plan to be indicative of positive intent in this aim.Richard WayreAshford, Kent Continue reading…
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\nSource : theguardian.com
\nRead more…Millennials need a fairer society, not a \u00a310k handout | Letters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Readers respond to the Resolution Foundation\u2019s proposal to give \u00a310,000 to 25-year-olds in a bid...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-87515","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-mLx","jetpack-related-posts":[{"id":87445,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/millennials-like-me-need-real-solutions-not-a-10000-gimmick-iman-amrani\/","url_meta":{"origin":87515,"position":0},"title":"Millennials like me need real solutions, not a \u00a310,000 gimmick | Iman Amrani","date":"May 9, 2018","format":false,"excerpt":"\r It will take more than a handout to fix structural inequalities that deny young people education, employment and propertyAs with any other millennial, if you asked me if I wanted 10 grand in my account the answer would be yes. Money is good to have: it might not buy\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6436,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/retirement-inequalities-to-persist-despite-pension-reforms\/","url_meta":{"origin":87515,"position":1},"title":"Retirement inequalities to persist despite pension reforms","date":"March 1, 2016","format":false,"excerpt":"\r Changes to state and private pension have seen improvements for women, disabled people and ethnic minorities, but an ongoing lack of opportunities in the labout market means they will still retire on less Women, disabled people and those from ethnic minority groups will continue to be worse off in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171612,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-guardian-view-on-help-to-buy-entrenching-housing-inequalities-rather-than-helping-editorial\/","url_meta":{"origin":87515,"position":2},"title":"The Guardian view on help to buy: entrenching housing inequalities, rather than helping | Editorial","date":"April 24, 2026","format":false,"excerpt":"\r The Tories\u2019 flagship scheme has aided higher earners most. The latest analysis of its flaws should lead to a rethinkThe results are in. The biggest winners from the Conservatives\u2019 help to buy scheme were high-earners who were already likely to buy a house. The Institute for Fiscal Studies (IFS)\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":161579,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/its-wrong-to-blame-boomers-for-britains-inequality-and-economic-woes-letters\/","url_meta":{"origin":87515,"position":3},"title":"It\u2019s wrong to blame boomers for Britain\u2019s inequality and economic woes | Letters","date":"September 25, 2025","format":false,"excerpt":"\r It\u2019s more complicated than that, says Rosa Anderson in response to an article by Phillip Inman, while Peter Mather says boomers are being stereotyped, and Moira Sykes says the article picks the wrong targetOh no, not again. Guardian readers deserve better than Phillip Inman\u2019s tedious and hateful boomer-bashing (Boomers\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87333,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/give-millennials-10000-each-to-tackle-generation-gap-says-thinktank\/","url_meta":{"origin":87515,"position":4},"title":"Give millennials \u00a310,000 each to tackle generation gap, says thinktank","date":"May 8, 2018","format":false,"excerpt":"\r Resolution Foundation proposes \u2018citizen\u2019s inheritance\u2019 to help redistribute wealth to young Every person in Britain should receive \u00a310,000 when they turn 25 to help fix the \u201cbroken\u201d intergenerational contract between millennials and baby boomers, an influential thinktank has proposed following a two-year study.The payment, described as a \u201ccitizen\u2019s inheritance\u201d,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120542,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/increasing-property-prices-a-key-driver-in-worsening-wealth-inequality-mas-chief\/","url_meta":{"origin":87515,"position":5},"title":"Increasing property prices a key driver in worsening wealth inequality: MAS Chief","date":"July 8, 2021","format":false,"excerpt":"\r He noted that as people\u2019s income increase, they also tend to allocate more of their disposable income to acquiring property, which\u00a0leads to rising house prices and stimulates investment demand for residential properties. Ravi Menon, Managing Director of The Monetary Authority of Singapore (MAS) believes that rising property prices is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/property-market.original.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/87515"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=87515"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/87515\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=87515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=87515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=87515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}