Review of Intergenerational Theft
Posted: 18 Nov 2024, 11:51
[Following is a volunteer review of "Intergenerational Theft" by Daniel Harrison.]
This book, Intergenerational Theft by Daniel Harrison, is an eye-opening read on the effects of policies by the UK government that favor baby boomers over the younger generations. It outlines how these policies have had negative effects, depriving the younger generations of their benefits from the government, thus jeopardizing their future.
The baby boomers are those born between 1946 and 1964. In this book, the author describes how the government spends heavily caring for them while ignoring the younger generation. This has caused huge debt on the part of the government, and this debt has been passed down to the younger generations to bear. All these are illustrated using graphs, charts, and tables with factual figures, dates, and evidence. Some of the negative effects as pointed out by the author are evident in the areas of privatization, national debt, pensions, the Private Finance Initiative (PFI), etc. All these amount to a total national debt of £15 trillion, which the author describes as intergenerational theft.
Although this is a short book, I appreciate the author, Daniel Harrison, for this amazing observation and research, which are eye-opening and informative. While I commend the author for this, I do not totally agree with him that the baby boomers have deprived the younger generations of their future. Every country of the world runs into debt every now and then, and I don't think it is unavoidable if there's a reasonable project to be spent on, such as caring for the retirees and elderly. Rather, in doing this, the government should be more calculative and wise in their decision. I believe that the older generation served the country well in their prime and should not be overlooked. This is my thought on this issue. Overall, this is an amazing book.
For the fact that the ideas presented in this book do not completely resonate with me, I decided to deduct one star, giving it a rating of four out of five stars. I found only a few errors, but this didn't affect my overall enjoyment of the book. I recommend this book to people interested in politics, economics, research, and social development.
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Intergenerational Theft
View: on Bookshelves | on Amazon
This book, Intergenerational Theft by Daniel Harrison, is an eye-opening read on the effects of policies by the UK government that favor baby boomers over the younger generations. It outlines how these policies have had negative effects, depriving the younger generations of their benefits from the government, thus jeopardizing their future.
The baby boomers are those born between 1946 and 1964. In this book, the author describes how the government spends heavily caring for them while ignoring the younger generation. This has caused huge debt on the part of the government, and this debt has been passed down to the younger generations to bear. All these are illustrated using graphs, charts, and tables with factual figures, dates, and evidence. Some of the negative effects as pointed out by the author are evident in the areas of privatization, national debt, pensions, the Private Finance Initiative (PFI), etc. All these amount to a total national debt of £15 trillion, which the author describes as intergenerational theft.
Although this is a short book, I appreciate the author, Daniel Harrison, for this amazing observation and research, which are eye-opening and informative. While I commend the author for this, I do not totally agree with him that the baby boomers have deprived the younger generations of their future. Every country of the world runs into debt every now and then, and I don't think it is unavoidable if there's a reasonable project to be spent on, such as caring for the retirees and elderly. Rather, in doing this, the government should be more calculative and wise in their decision. I believe that the older generation served the country well in their prime and should not be overlooked. This is my thought on this issue. Overall, this is an amazing book.
For the fact that the ideas presented in this book do not completely resonate with me, I decided to deduct one star, giving it a rating of four out of five stars. I found only a few errors, but this didn't affect my overall enjoyment of the book. I recommend this book to people interested in politics, economics, research, and social development.
******
Intergenerational Theft
View: on Bookshelves | on Amazon