Have the Boomers Pinched Their Children's Futures? - With Lord David Willetts
Explore the economic and social impact of the post-war baby boom generation in Britain through this thought-provoking lecture. Delve into how the 1945-65 cohort became the wealthiest in British history, examining their influence on housing, pensions, and intergenerational equity. Analyze the effects of tax and benefit changes, the rise in house prices, and the shift in homeownership rates. Investigate the political implications of the age divide and the surge in boomer wealth. Consider proposed solutions such as capital taxes and citizens' inheritance to address intergenerational disparities. Gain insights from Lord David Willetts, a visiting Professor at King's College London and former Minister for Universities and Science, as he discusses the complex issues surrounding generational economics and social policy in the UK.