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Millennial Bugs. A Review of the Resolution Foundation's Intergenerational Commission Final Report
Author(s) -
Prabhakar Rajiv
Publication year - 2018
Publication title -
the political quarterly
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.373
H-Index - 37
eISSN - 1467-923X
pISSN - 0032-3179
DOI - 10.1111/1467-923x.12568
Subject(s) - foundation (evidence) , commission , supporter , baby boomers , closing (real estate) , novelty , sociology , law and economics , political science , economics , law , genealogy , labour economics , history , psychology , social psychology
What obligations do the old owe the young? This question is at the core of the Resolution Foundation's Intergenerational Commission report that was published on May 2018. A novelty of this report is that it invokes Edmund Burke in support of efforts to boost intergenerational fairness. But, this paper suggests that Burke is only a very limited guide for closing the wealth gap between the generations. Taxing the wealth of baby boomers is likely to be central for any efforts to close the wealth gap. However, Burke was a strong supporter of inherited wealth. Burke might be more useful in a more limited sense of allowing debates to be opened up about home ownership.