Did anyone EVER give you 10 thousand pounds?

[Margaret Pilkington]

This country must be awash with spare money.
I read that some 'think tank' has suggested that all 25 year olds(regardless of their financial situation) be given ten thousand pounds.
It seems that this money is to make these young adults feel a bit more economically secure....help them to get onto the housing ladder.

I am not sure whether the money will come with any provisos....like 'why don't you pay off some of your Uni costs'....or whether it will be left up to these millennials to use the money sensibly.

This is at a time when services to communities(which these millennials use) are being cut....when we are have a surcharge placed on local taxes to fund elderly care. When NHS hospitals are looking at huge deficits(partly caused by political meddling).
It is also mooted that working folk will begin to pay tax at a lower threshold....so poorer workers are going to be funding this gift.

Do you feel that this is a good use of taxpayers money?

[Michael1954]

I would definitely spend this free ten grand on sensible ****, says 24-year-old

[cashman]

Ive heard some real STUPID ideas in my time, but this beats the lot EASY,someone people are no doubt earning good money for rubbish like this.

[monkey hanger]

Originally Posted by Margaret Pilkington

Do you feel that this is a good use of taxpayers money?

a simple answer margaret, NO.

[Margaret Pilkington]

The best of it is they are expecting the old folk to work beyond pension age, pay NI contributions to pay for this ludicrous scheme.
Now if someone is working beyond pension age, there is a good chance that they are doing it because the NEED the money...they certainly are not doing it for fun.
There are better ways to ensure that these millennials can become economically secure.


Maybe Lord Willetts has found the money tree that Jeremy Corbyn was going to shake to fulfil all his party's promises.
Maybe they will use the money that we save by leaving the EU.
This is one of the daftest ideas I have ever heard of.

[Mark2009]

Would a better use of this mythical £10,000 not be to make pensioners more secure so that they don't have to make choices, (as I know some do) between having the heating on and having a reasonable diet. Just my thoughts,
Mark

[Margaret Pilkington]

Yes Mark.
There is a lot that is wrong in this country.
These young folk think that they have it tough trying to make ends meet...but then there are many people who have worked all of their lives to be told that they must sell their homes to pay for what is laughingly called 'care'.
Except it resembles nothing like care.
When you get something for nothing, you do not put a high value on it.
It is far better to get something by your own hard work....then it has a value....and that value is your work to get it.

[Margaret Pilkington]

I am pretty sure that it is a fallacy that the baby boomers are wealthy.
They may be asset rich, but cash poor....and that is only Maybe.

[Margaret Pilkington]

By the way David Willetts(now Lord Willetts) is the individual who (when a government minister) tripled tuition fees.

[Gremlin]

I don’t want to get myself banned from this forum so I’ll keep m thoughts to myself.

[Less]

Well I can't imagine where such an amount of money would come from (probably add it to national borrowing after all, it would only be a small amount compared to what each successive government keeps adding).
The whole idea is however DOOMED ( DOOMED I TELL YE)
O.K. we have the ner'do well infant 25 year olds that would straight away **** it against the wall, but fortunately the majority of 25 year olds would want to use it to improve their lot perhaps by getting a first mortgage?
All power to their elbow it's what we struggled for way back when.
What would be the first thing to rise? House prices, probably on average by a nice round sum of let's say (and this is only a guess I'm useless at figures), £10,000?

Resulting in many folk of various ages (not just the lucky few that happen to be 25) that have saved for that first step still not being able to afford a first home, but someone with sticky figures and no morals is out there rubbing their hands saying 'bring it on, I could use a little bonus'.

[Margaret Pilkington]

Yes Less, you are(as usual) spot on.
This is an ill thought out idea....by a man who is noted for such things.
The money would come from making older folk pay more in taxes.
If the government could find ways of extracting the appropriate taxes from multi national companies,(and I know they are indulging in perfectly legal tax evasion....it might be legal, but it is still evading paying what should be paid) then there would be more money to fix many of the problems that afflict society.

But, no one should ever get something for nothing....especially not when it is coming from the public purse....that is NOT creating a level playing field.

[DaveinGermany]

If the nobbers in government stopped chucking good money after bad such as foreign aid, millions to the eu & every gimmigrant/eurodross scumbag wanting free handouts, the UK would have more than enough to give every proper Brit a few quid in bungs,

[cashman]

Originally Posted by DaveinGermany

If the nobbers in government stopped chucking good money after bad such as foreign aid, millions to the eu & every gimmigrant/eurodross scumbag wanting free handouts, the UK would have more than enough to give every proper Brit a few quid in bungs,

No wonder theres only a few of us.

[MrPastry]

Best thing to do with think tanks is sink em!

Lets be honest 10K will not go that far to secure a house that's even if they had the jobs earning enough to be awarded a mortgage. I would say with job security poor these days it would be safer to rent anyway, so what the knobs need to do is build suitable housing which is another thing we've all been on about since the 70's when many a block of flats went up to cope with the need only to be knocked down 20-30 years later hardly a good investment.