Is the granny tax that unfair? | Money | The Guardian
But let's first ask why people in retirement are awarded better income tax breaks than those who are working? There was a fascinating analysis in the Financial Times last weekend of the economically "jinxed generation" – and they're not pensioners. It found that today's adults in their 20s will be the first generation who won't be better off than their parents. What's more, the disposable income of people in their 60s is now higher than people in their 20s, for the first time ever. We've created a society where the non-working retired earn more than working people – and that's before adding up the largely unearned wealth tied up in the houses of those in their 60s.
But let's first ask why people in retirement are awarded better income tax breaks than those who are working? There was a fascinating analysis in the Financial Times last weekend of the economically "jinxed generation" – and they're not pensioners. It found that today's adults in their 20s will be the first generation who won't be better off than their parents. What's more, the disposable income of people in their 60s is now higher than people in their 20s, for the first time ever. We've created a society where the non-working retired earn more than working people – and that's before adding up the largely unearned wealth tied up in the houses of those in their 60s.
No comments:
Post a Comment