It is a global phenomena where Wall Street has dense influence. The UK calls it an "age inequality gap." It is definitely age related. The younger citizens of The West were dropped off in an economic nowhere.
There was no foresight into the fact there were people coming into capitalism after an education that didn't prepare for their needs for jobs and GOOD income and benefits. The young people were told to stop their whining, buck up and go make a living. Their only hope was to stay at minimum wage jobs they had in college or no job at all.
Review finds younger people hit by severe drop in income and employment amid UK's worrying age inequality gap
30 October 2015
By Emily Dugan
Young people are suffering (click here) the “worst economic prospects for several generations” as a worrying age inequality gap is opening up in Britain, according to a major state-of-the-nation report.
In its biggest review yet of equality across the country, the Equality and Human Rights Commission (EHRC) identified the winners and losers in modern Britain.
Younger people have been hit by the greatest drop in income and employment in recent years compared with older age groups. They also face even greater barriers to achieving economic independence and success than they did five years ago...
It is unconscionable.
Government that believes the private sector is the only answer and has completely trusted the future of our countries to Wall Street is completely wrong. The 'drip-trickle' economies are a lie.
I fully expect the younger generations of The West demand changes in their political leaders to ADMIT capitalism has deficits and it is up to the government to realize the short fall and act on it. They should not take passivity as an answer to their plight. It is definitely a plight an entire generation has inherited because of the lack of talent of their legislators. It has to change. Leaving the future of a country to the hands of Wall Street can be viewed as a form of treason. Legislators are suppose to know what they are doing and obviously "Drip - Trickle" is a lie.
To begin, politicians need to identify tax increases where the monies are sequestered into the hands of a few of the wealthy. It is time to pass "The financial transaction tax" and return function to the people. The poverty won't stop until we stop it.
The Financial Transaction Tax is painless and benign. The wealthy are hoarding monies that need to contribute to The West's economy. They would not have their wealth without the rest of us. Our people need to go forward and there is an answer. If The West passes financial transaction taxes in harmony with each other, there won't silly migration of companies. Wall Street knows the perils of completely moving into Third World Countries.
If a simple financial transaction tax proves too much for Wall Street's loyalties, The West has to rebuild it's economy with the focus of successful local economies. if Wall Street wants to fail, don't stand in their way; we can do better.
How does this happen in unison? Ever hear of the G7, G20? There are mechanisms in place to put solvency in the treasuries of our countries and comfort to the future generations seeking jobs to grow their own futures.
Make it happen.
If the Wall Street "Too Big to Fail" banks complain about their survival with a Financial Transaction Tax, then put small banks back on the map. There should be a return of the small banks anyway, it provides competition. There is little competition today. The West's governments should be completely embarassed when a citizen's savings account has only 0.01 percent return on investment. How are young people ever going to build enough wealth to even buy a house? The West needs to get over their fear of being a strong economy that demands a Financial Transaction Tax.
There was no foresight into the fact there were people coming into capitalism after an education that didn't prepare for their needs for jobs and GOOD income and benefits. The young people were told to stop their whining, buck up and go make a living. Their only hope was to stay at minimum wage jobs they had in college or no job at all.
Review finds younger people hit by severe drop in income and employment amid UK's worrying age inequality gap
30 October 2015
By Emily Dugan
Young people are suffering (click here) the “worst economic prospects for several generations” as a worrying age inequality gap is opening up in Britain, according to a major state-of-the-nation report.
In its biggest review yet of equality across the country, the Equality and Human Rights Commission (EHRC) identified the winners and losers in modern Britain.
Younger people have been hit by the greatest drop in income and employment in recent years compared with older age groups. They also face even greater barriers to achieving economic independence and success than they did five years ago...
It is unconscionable.
Government that believes the private sector is the only answer and has completely trusted the future of our countries to Wall Street is completely wrong. The 'drip-trickle' economies are a lie.
I fully expect the younger generations of The West demand changes in their political leaders to ADMIT capitalism has deficits and it is up to the government to realize the short fall and act on it. They should not take passivity as an answer to their plight. It is definitely a plight an entire generation has inherited because of the lack of talent of their legislators. It has to change. Leaving the future of a country to the hands of Wall Street can be viewed as a form of treason. Legislators are suppose to know what they are doing and obviously "Drip - Trickle" is a lie.
To begin, politicians need to identify tax increases where the monies are sequestered into the hands of a few of the wealthy. It is time to pass "The financial transaction tax" and return function to the people. The poverty won't stop until we stop it.
The Financial Transaction Tax is painless and benign. The wealthy are hoarding monies that need to contribute to The West's economy. They would not have their wealth without the rest of us. Our people need to go forward and there is an answer. If The West passes financial transaction taxes in harmony with each other, there won't silly migration of companies. Wall Street knows the perils of completely moving into Third World Countries.
If a simple financial transaction tax proves too much for Wall Street's loyalties, The West has to rebuild it's economy with the focus of successful local economies. if Wall Street wants to fail, don't stand in their way; we can do better.
How does this happen in unison? Ever hear of the G7, G20? There are mechanisms in place to put solvency in the treasuries of our countries and comfort to the future generations seeking jobs to grow their own futures.
Make it happen.
If the Wall Street "Too Big to Fail" banks complain about their survival with a Financial Transaction Tax, then put small banks back on the map. There should be a return of the small banks anyway, it provides competition. There is little competition today. The West's governments should be completely embarassed when a citizen's savings account has only 0.01 percent return on investment. How are young people ever going to build enough wealth to even buy a house? The West needs to get over their fear of being a strong economy that demands a Financial Transaction Tax.
