Over the last few years there has been a lot of Public Sector bashing and the Public Sector defending themselves to the Private sector. We've all seen and heard numerous debates on this topic.
I was watching Primetime and I was a little bit uncomfortable with the direction of the debate regarding whether the older generation can give back and take more of a share of the losses incurred by the younger generation. I can see the older generations points regarding the amount of paye, prsi and mortgage interest rates they paid back in the day. How could you not understand their frustration regarding this debate? HOWEVER put those same people in the younger equivalent today and I wonder would they see it as fair.
The older person had job security with a large majority of jobs being unionized which brought with it many employee perks and benefits. His equivalent today is probably not in unionized employment and doesn't see the same perks and benefits that the older person did.
The older person had defined benefits pensions and the younger persons pension is practically non existent.
The older person probably paid 3,000 for their house and the younger equivalent paid 300,000.
The fact of the matter is this really. The older generation of politicians and bankers stole from the next generation and the younger people want some of it back but not in the way Primetime is suggesting but maybe in a multigenerational emergency fund if you will, to pay for the mistakes of the last generation.
That's my cut on it anyway.
Did you watch Primetime? and what are your views on this?