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Should all 25 year olds be given a £10,000 "inheritance"?

All UK-born citizens should be given £10,000 as a “universal minimum inheritance” when they turn 25 to help address growing wealth inequality, a thinktank has proposed.

Tax reforms and a selloff of assets including the government’s stake in Royal Bank of Scotland could help create a citizens’ wealth fund worth £186bn by 2029/30, the Institute for Public Policy Research (IPPR) said.
Such a fund would give everyone a stake in the economy and help young people invest in their futures, for example through buying a property, investing in education or starting a business, according to a report for the IPPR Commission on Economic Justice.

The fund could be large enough to pay all 25-year-olds a one-off capital dividend of £10,000 from 2030.

https://www.theguardian.com/politics/2018/apr/02/pay-all-uk-25-year-olds-a-10000-inheritance-says-thinktank

Edit to add link to the IPPR policy paper:
https://www.ippr.org/files/2018-04/cej-our-common-wealth-march-2018.pdf
(edited 6 years ago)

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Wait, why at the age of 25?
everyone who turned 25 the year before this was introduced would be pretty pissed off.
It is a subjective argument, personally, I would prefer an enhanced Universal credit system with a taper rate of 20% and a regionally adjusted benefit cap with taxation revenue e.g. VAT and expenditure of capital to be devolved to regional parliamentary oversight. Alternatively, a national education system rallied by the current labour party or the elimination of past plus future uni loans would be, arguably, a better method of shifting our LRAS to the right at the margin, ceteris paribus. Alternatively, a lower rate of VAT to the margin would expand the disposable income of people at the bottom rung of society, as they spend a large proportion of their income on g/s, thus leading to a higher savings rate or expenditure on normal goods against budget constraints.
(edited 6 years ago)
Sounds like a good day for the off-licences.
Yes please!!
Original post by Plagioclase
Yes please!!


you could buy some cool trainers :colondollar:
Original post by the bear
you could buy some cool trainers :colondollar:


At at least two dominos pizzas
Original post by Plagioclase
And at least two dominos pizzas


yep those really big ones :teehee:
Original post by Plagioclase
And at least two dominos pizzas


go large on your footwear:

https://www.amazon.co.uk/Globe-Dover-Skate-Black-Driza-Bone/dp/B01N4PZ0M8/ref=sr_1_44?s=sports&ie=UTF8&qid=1522683363&sr=1-44&keywords=skateboard
where would the money come from?
Original post by Tiger Rag
where would the money come from?


Helpfully, it is stated in the OP.

Tax reforms and a selloff of assets including the government’s stake in Royal Bank of Scotland could help create a citizens’ wealth fund worth £186bn by 2029/30
Original post by Tiger Rag
where would the money come from?


The think tanks never think of this. They're too busy thinking up crackpot ideas to justify their jobs to come up with anything logical. It will never happen and it shouldn't, ridiculous ideas like this are why so many think tanks have rightly been shut down.
(edited 6 years ago)
Original post by Notoriety


but that could go on things that are actually needed. I can't think why every 25 year old "needs" £10,000. Meanwhile, people are struggling to feed and clothe their children.
YES. And backdate it for those who have reached 25 already, please :colondollar:, by a bit. Basically for all millennials lol
Original post by Tiger Rag
but that could go on things that are actually needed. I can't think why every 25 year old "needs" £10,000. Meanwhile, people are struggling to feed and clothe their children.


Sick of hearing about kids.
Not everyone. The morons dont deserve that money.
No, its stupid we don't need government spoon feeding us, they can have it back
As if £10,000 could drastically change your life for long......... thats just a couple of shopping sprees and a pub lol. The people that dont have money will go crazy, and the people that dont need it stay rich lol.
personal opinion but 10k is **** all lol

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