We baby boomers, that is. We who have enjoyed free higher education, sustained high standards of living, the rewards of daft house-price inflation, full employment and all the rewards of a liberal social democratic post-war roll. Now, as John Redwood points out, we want to use our political muscle to get the State to pay for our care in old age so we can pass on our wealth intact to our children. The postman, the school cleaner, the Polish fruit-picker and the working young couple trapped in rented accommodation must pay taxes so our kids can keep their inheritance intact.
I'm sorry, but this stinks. Unlike Socialists who believe in equality of outcome, I believe only in equality of opportunity - a 'fair go' in antipodean terms. Call it equity. And it's not just intragenerational equity that's important but intergenerational equity. For my generation to take from the younguns for our own old-age care when we have wealth intact is simply not equitable. If I can't find extended family members to embrace my well-being in my decrepitude, then I must dig into my capital for it. And despite our political clout, this is one battle that my generation would be well advised to lose.