| Changes on the ground are gradual but basically: * spiralling taxes on income for anyone above the bottom 20% of earners * housing policy that actively stops construction, mis-allocates housing, maximises debt etc. * collapsing public services due to lack of spending (NHS, Education, Local government provision) * gold plated, very inefficient spending on certain benefits (housing and pensions and now energy) The UK is the poster child for a lot of what Americans complain about with Boomers. When house prices go up 50% people shrug because boomers already own, when food prices go up 1%, government immediately offers anyone over 60 a huge subsidy. Then we realise there is no money so we defund health and education and increase taxes on working people. Rinse, Repeat. The tax changes this week are nice (I will get an extra 2% in my pay packet) but they mostly just reverse the tax increases last year. Meanwhile I need to earn about 8% more this year just to keep up with inflation and because the allowances/bands don't change that will basically wipe out any gains from the "cut". And we will need to vastly increase taxes very soon as we just decided to throw as much money at energy as we spend on education for under 18s. And that's not to solve the issue, it just paying people NOT to cut their use or insulate their houses... /RantOnSteroids. |