Sal Paradise wrote:The cost of social care is the biggest single issue this country faces - far greater than the environment.
I cannot see any other way than an increase in taxation to fund it if it is to be equitable to everyone. Yes it can be argued that if you own a house you should lose any equity in it but surely those people will most likely have been the biggest contributors through earning taxation over their working lives. It simply cannot justified on an equitable basis.
I disagree with your summary.
If you and I both earn £100k per annum but, I spend every penny that I have on goods, services and rent (rather than mortgage), the exchequer will have received substantially more form me than they would from someone who has bought their house.
However, you would then like to keep hold of your asset and get me to pay for your old age.
Granted, you would also be contributing to my care but, you would have retained the value of your property ?
The current system is a means to protect the wealthy, absolutely no question about it.