All 25 year olds should be given 10K 'inheritance' says think tank

[Cherie]

1 02-04-2018 16:05
All UK-born citizens should be given £10,000 as a “universal minimum inheritance” when they turn 25 to help address growing wealth inequality, a thinktank has proposed.

Tax reforms and a selloff of assets including the government’s stake in Royal Bank of Scotland could help create a citizens’ wealth fund worth £186bn by 2029/30, the Institute for Public Policy Research (IPPR) said.
Such a fund would give everyone a stake in the economy and help young people invest in their futures, for example through buying a property, investing in education or starting a business, according to a report for the IPPR Commission on Economic Justice.

The fund could be large enough to pay all 25-year-olds a one-off capital dividend of £10,000 from 2030.

https://www.theguardian.com/politics...says-thinktank

Edit to add link to the IPPR policy paper:
https://www.ippr.org/files/2018-04/c...march-2018.pdf

Is this the worst idea ever? and 2030 so no one on here will get it...

[user104658]

I don't think it's necessarily a terrible idea, though I think 25 is a little young, and 30 would probably be better. Though tbh a guaranteed £10k specifically towards a house deposit or to pay off a chunk of education debt would probably be better, rather than cold hard cash.

My main concern I guess, would be people simply running up a "risk free" £10k of debt knowing that they'll be getting a lump sum to pay it off.

[Crimson Dynamo]

a mess

[Nicky91]

Georgina to get her inheritance now, and i can marry her :amazed:

[Cherie]

I don't think it's necessarily a terrible idea, though I think 25 is a little young, and 30 would probably be better. Though tbh a guaranteed £10k specifically towards a house deposit or to pay off a chunk of education debt would probably be better, rather than cold hard cash.

My main concern I guess, would be people simply running up a "risk free" £10k of debt knowing that they'll be getting a lump sum to pay it off.

They can only use it to either

(a) put a deposit down
(b) towards starting a business
(c) education
(d) pay into their pension...lol

they wont be getting cold hard cash thankfully

[Withano]

Seems like a good idea to me

[Alf]

I was 25 once, any back-payment for us?

[Cherie]

I was 25 once, any back-payment for us?

No you were rolling in it :hee:

[Alf]

It's a shocking idea and whoever thought of it should be sectioned (that's committed for the Americans)

[James]

They can only use it to either

(a) put a deposit down
(b) towards starting a business
(c) education
(d) pay into their pension...lol

they wont be getting cold hard cash thankfully

There would be ways round that, and loopholes, I'd have thought.

[Alf]

No you were rolling in it :hee:We had to roll in mud when I were a lad.

[smudgie]

Silly idea.
Shouldn't depend on their age, a thirty year old deserves the same help.
Plus it should be means tested, giving all the little Lord Flaunteroys a handout is pathetic, the same as taxing working pensioners more, if pensioner had enough to live on then more wouldn't work in the first place.

[reece(:]

Make it 22 :hee:

[Cherie]

Make it 22 :hee:

2030! You won't be 22 or anywhere near :hee:

[Alf]

2030! You won't be 22 or anywhere near :hee:You'd make a good maths teacher, Cherie!

[Cherie]

You'd make a good maths teacher, Cherie!

I think I'm understanding why they need a handout :hehe:

[reece(:]

2030! You won't be 22 or anywhere near :hee:

Cancel it then? :hee:

[Alf]

I think I'm understanding why they need a handout :hehe:Very true.

[arista]

Its Just a IDEA
Labour like it , though

[arista]

I was 25 once, any back-payment for us?


No you got FREE Education , though

[Alf]

No you got FREE Education , thoughI got my education from watching "Only fools and horses" and we had to pay a TV license for that.

[Brillopad]

1 02-04-2018 16:05
All UK-born citizens should be given £10,000 as a “universal minimum inheritance” when they turn 25 to help address growing wealth inequality, a thinktank has proposed.

Tax reforms and a selloff of assets including the government’s stake in Royal Bank of Scotland could help create a citizens’ wealth fund worth £186bn by 2029/30, the Institute for Public Policy Research (IPPR) said.
Such a fund would give everyone a stake in the economy and help young people invest in their futures, for example through buying a property, investing in education or starting a business, according to a report for the IPPR Commission on Economic Justice.

The fund could be large enough to pay all 25-year-olds a one-off capital dividend of £10,000 from 2030.

https://www.theguardian.com/politics...says-thinktank

Edit to add link to the IPPR policy paper:
https://www.ippr.org/files/2018-04/c...march-2018.pdf

Is this the worst idea ever? and 2030 so no one on here will get it...

Of course it is. Every generation has its well off and its poor so this generation would not be equalling anything - they would be getting preferential treatment. Our NHS is in crisis and they want to just hand 25 year-olds a bunch of money. Won’t happen of course! They can dream though.

[kirklancaster]

Cancel it then? :hee:

:joker:

[kirklancaster]

By 2030 £10K will not pay the deposit on a Dog Kennel. These 'Think Tanks' need to think harder and longer or stop thinking altogether.

[Marsh.]

Georgina to get her inheritance now, and i can marry her :amazed:

If you want to marry for money, a 10k lump sum is a sorry start young man. :nono:

[Marsh.]

Doesn't take much for the snooty remarks towards the younger generation does it? :hee:

[bots]

i'm all for 20 somethings getting a jump start, however, given that by 2030 the majority of pensioners wont be on final salary pension schemes, i'm not sure how they will have the money to give. Also, if someone gets a gift of 10k, they will also have to donate a gift later in life to the next generations of 20 somethings, so it is basically receiving with one hand and giving back with the other at a later date when they equally may not be able to afford to do it

[user104658]

Doesn't take much for the snooty remarks towards the younger generation does it? :hee:

"I would say OI! Young people! NOOO!"

[Mitchell]

Can we make it 23 and starting next June please thanks x

[Marsh.]

"I would say OI! Young people! NOOO!"

:joker:

[Brillopad]

i'm all for 20 somethings getting a jump start, however, given that by 2030 the majority of pensioners wont be on final salary pension schemes, i'm not sure how they will have the money to give. Also, if someone gets a gift of 10k, they will also have to donate a gift later in life to the next generations of 20 somethings, so it is basically receiving with one hand and giving back with the other at a later date when they equally may not be able to afford to do it

No doubt some will be eager to accept but not so eager to give when their turn comes. Stupid and unworkable idea in my opinion.

[thesheriff443]

No you were rolling in it :hee:

Rolling in the deep!

[arista]

Can we make it 23 and starting next June please thanks x


You have wait until the General Election
First.

At this time
it is 5 May 2022.

Maybe if Labour get in
they may do it.
Its all just talk from a group that has No Backing

[Cherie]

"I would say OI! Young people! NOOO!"

I would say OI! Young People! get off your arse myself, when you are asked to match that inheritance you got in 20 years time, be glad

[arista]

I would say OI! Young People! get off your arse myself, when you are asked to match that inheritance you got in 20 years time, be glad


You would be a great
Conservative Female MP

[Strictly Jake]

I honestly feel it's unfair for those of us that weren't entitled to it

[user104658]

I honestly feel it's unfair for those of us that weren't entitled to it

For people now / already older I think it's a bit of a "whatever"... I mean, we would never make any improvements for the future at all if the decision was based on "what people had in the past".

I do think it's harsh for people who will turn 25 in 2028/2029 though... imagine missing out by a couple of months :umm2:.

You'd also have situations where siblings only two years apart in age would have the older one get nothing while the younger one is entitled to the £10k.

[Cherie]

For people now / already older I think it's a bit of a "whatever"... I mean, we would never make any improvements for the future at all if the decision was based on "what people had in the past".

I do think it's harsh for people who will turn 25 in 2028/2029 though... imagine missing out by a couple of months :umm2:.

You'd also have situations where siblings only two years apart in age would have the older one get nothing while the younger one is entitled to the £10k.

Isn't that a huge part of the argument today though, instead of saying okay this is what we have and need to address if we are to move on with our lives, there is constant harking back to to the 80s when everyone had it so great, house prices were low and there were no tuition fees

[Cherie]

You would be a great
Conservative Female MP

Not a con but I would have my own get off your arse and stop waiting for a hand out party :hee:

[Crimson Dynamo]

Doesn't take much for the snooty remarks towards the younger generation does it? :hee:

once you make a few of your own and have to live/pay for them



get back to me

:idc:

[Mitchell]

You have wait until the General Election
First.

At this time
it is 5 May 2022.

Maybe if Labour get in
they may do it.
Its all just talk from a group that has No Backing

They have my backing if they give me ten grand lmao

[Cherie]

They have my backing if they give me ten grand lmao

but they won't because you will be too old :fan:

[Marsh.]

once you make a few of your own and have to live/pay for them



get back to me

:idc:Oh dear, judging a generation on your own brats. For shame LT :nono:

[Crimson Dynamo]

Oh dear, judging a generation on your own brats. For shame LT :nono:

and all their friends they drag in and i have to taxi around

i have also had 15 years worth of attending and waiting around schools

something they dont tell you when you finally leave school and think you will never set foot in one again

:idc:

[Marsh.]

and all their friends they drag in and i have to taxi around

i have also had 15 years worth of attending and waiting around schools

something they dont tell you when you finally leave school and think you will never set foot in one again

:idc:That's what the mum's are for. :nono:

[Crimson Dynamo]

That's what the mum's are for. :nono:

Looking at all the filthy yummy mummys is what got me through it


:drool:

[Calderyon]

Georgina to get her inheritance now, and i can marry her :amazed:

And if she says no?

[Brillopad]

That's what the mum's are for. :nono:

You must be quite an old timer with attitudes like that!

[Marsh.]

You must be quite an old timer with attitudes like that!I was having a joke with LT. Bore the **** off.

[Brillopad]

I was having a joke with LT. Bore the **** off.

Another of your ‘jokes’. If you say so!

[Marsh.]

Another of your ‘jokes’. If you say so!

What's it to you?

You know where the back button is.