The ‘baby boom’ generation are being forced to use their wealth to subsidise both their children and their parents, a survey found yesterday. Instead of putting money away to fund their own future, many couples on the threshold of retirement are pouring cash into supplementing their offspring. At the same time they are under increasing pressure to help out pensioner parents facing bills for utilities, council tax, home help and care.
The two-way stretch on people in their late 50s and early 60s was highlighted by a poll carried out for insurer Engage Mutual. ... The survey found that parents close to retirement themselves are paying for their children to buy homes, pay off debts or for childcare for their grandchildren. It found that six out of ten people aged between 55 and 64 are still supporting their children. ... Four out of ten baby boomers are also supporting their own parents, the survey said. ... Engage Mutual spokesman Karl Elliott said: ‘Financial circumstances in Britain have changed considerably over the last fifty years ... with continued increases in costs of living, education and care, the wealth this generation have accumulated will be stretched far further than was the case for their parents.’
(From ‘The baby boomers left paying for their children and parents’ by Stephen Doughty, Daily Mail, 14 April 2007.)
Just a part of the concealed genocide of our time (genocide in the sense of reducing the proportion of the population with high IQs).
The baby boomers are being penalised by having to subsidise both their parents and their offspring. But you can bet that it is the baby boomers with above-average IQs who are being hit the hardest.
Pensioners are more likely than other sections of the population to have above-average IQs, which no doubt is why they are constantly penalised by legislators. Longevity correlates with IQ on account of both genetic factors and of a tendency to lead more functional and forethoughtful lives.
It is up to us to counteract natural selection, as Richard Dawkins would say. Nevertheless, all the attempts to penalise those with above-average IQs by taxing them to provide medical and educational oppression for all, which is particularly oppressive to those with above-average IQs when they are themselves exposed to it, have (I would surmise) still not succeeded in reducing the average IQ of the population of pensioners below the average for the population as a whole. If they have been too thrifty and have too much in the way of savings, their pensions are reduced and they do not qualify for means-tested supplements. ‘We must help those pensioners who are most in need; help must be given preferentially to the poorest’ said government officials when means-testing for pensions was introduced. And pensioners do not attempt to use their voting power to protest, partly because (I guess) the middle class has always been most ‘public-spirited’ and uncomplaining. So the thrifty, who have built up their savings, must reduce them by living off them or be subsidised by their offspring.
And it is the offspring with above-average IQs who are most likely to have delayed starting their adult lives and have debts to pay off, because they felt the need for a professional training, or just to become a graduate so as not to be at a disadvantage, now that degrees have become so common that they are actually meaningless as an indication of ability to do anything.
Gordon Brown has recently committed himself to the idea that ‘education’ should be provided for all the children of the globe, and presumably British taxpayers should be prepared to contribute to this enormous expense.
Could not a taxpayers’ association be set up with enough willingness to protect what remains of civilisation in this country to protest vehemently at overseas expenditure, when internal sources are clearly inadequate to provide for the needs of citizens of this country, and are going to be even more wildly inadequate in the foreseeable future?
In particular, taxpayers’ associations should insist on no further overseas aid being given until recent discrimination against those with above-average IQs are reversed.
It has only of fairly recent years become the case that those with above-average IQs have to pay more for further education than the ‘poorest’, and that pensions (for which pensioners at least nominally paid contributions throughout their working lives) should be means-tested, so that those with above-average IQs would, on average, receive less than the ‘poorest’ — with, on average, lower IQs.
At the least, education and pensions should revert to the former level of ‘fairness’, at which all undergraduates and pensioners received the same. Taxpayers’ associations, and/or high IQ associations, should insist on this happening before any more of taxpayers’ money is drained off overseas.
I appeal for financial and moral support in improving my position. I need people to provide moral support both for fundraising, and as temporary or possibly long-term workers. Those interested should read my post on interns.