Tension between the generations is not new. The young overthrow the ideas of their elders and recast them as their own, writes resume writer, Malcolm King.
“Intergenerational tension, based on inequities and access to economic opportunities, is an entirely different and far more serious matter.
We need to start an intergenerational war chest for future generations to fund infrastructure and human capital projects of their choosing. There are about 5.8 million mature age people aged 55 and over in the population. Around 2 million of them are working fulltime (1.3 million) and part time (700,000).
Of the 3.8 million not in the labour force, 2.2 million currently access the aged pension. We can expect another one million boomers to draw on the age or disability pension over the next 20 years.
The so called 'generation Y' and those born after them will be taxed to build infrastructure projects and support the ageing boomers while saving for a home and paying off HECS debt. Where's the fairness in that?”