I doubt grandparent is actually against the principle of paying for the prior generations retirement... provided the next generation pays for ours.
The unfairness comes from the current generation not being afforded the same privilege as the last, now that existing defined benefit schemes are largely closed to new members, and extinct in the private sector. These schemes are typically underfunded and stink of Ponzi.
Meanwhile, the current context in the UK is that the Bank of England has just had to bail out defined benefit pension managers who had overleveraged their assets... no doubt at the taxpayers expense.
It's not really surprising to see people clammer for "fuck you, got mine" when half a generation literally believe they will never own a home and never be able to retire.
The unfairness comes from the current generation not being afforded the same privilege as the last, now that existing defined benefit schemes are largely closed to new members, and extinct in the private sector. These schemes are typically underfunded and stink of Ponzi.
Meanwhile, the current context in the UK is that the Bank of England has just had to bail out defined benefit pension managers who had overleveraged their assets... no doubt at the taxpayers expense.
It's not really surprising to see people clammer for "fuck you, got mine" when half a generation literally believe they will never own a home and never be able to retire.