“Tax on pensioners proposed to heal inter-generational divide”

A Robin Hood tax? Owl doubts pensioners in East Devon (quite a few of whom have probably given their kids and grandkids substantially more than £10,000) would agree!

“A £10,000 payment should be given to the young and pensioners taxed more, a new report into inter-generational fairness in the UK suggests.

The research and policy organisation, the Resolution Foundation, says these radical moves are needed to better fund the NHS and maintain social cohesion.

Its chairman, Lord Willetts, said the contract between young and old had “broken down”.

Without action, young people would become “increasingly angry”, he said.

The Resolution Foundation says its goal is to improve outcomes for people on low and modest incomes. ….”