Tuesday 28 August 2012

Four in five mothers ought to vote YPP

From The Daily Mail:

It should be a time full of hope and aspiration for a bright future in the making.
But a combination of fears over rocketing housing costs, personal debts and shrinking pensions has cast a cloud over the delights of bringing up a child, a survey reveals.
Most young mothers have ‘a significant degree of pessimism’ about their children’s future.

One of the biggest concerns is that the child will never be able to afford to buy their own home and will be forced to rent throughout their adult life...

Some 80 per cent felt the chance of getting on to the housing ladder ‘would be worse for their children than it was for them’. It comes as the cost of buying a home has rocketed to levels which only the rich or those with generous parents can afford.

Not to worry, once we've replaced taxes on earned income with taxes on the rental value of land, the whole pyramid will be turned on its head. Today's families with young children will be £10,000 a year better off and the next wave will be £20,000 a year better off, they'll be able to pay off their mortgages in five or ten years and then start saving up for later.

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