One of the recent questions that we have had to deal as a society is the way that housing price appreciation has concentrated wealth in older cohorts. This is not a small point as programs like social security are getting more expensive as the population ages and part of the rationale has always been anti-poverty.
But the worst type of proposal is often been seen in Canada. Where you reform the mechanisms to hurt the generation that has not benefited from housing appreciation.
I think that the same issue is more generally an issue across a lot of countries trying to balance generational issues. I admit, as Gen X, I am just assuming now that the systems I was hoping to be used will be trashed by the time I get there. Which is unfortunate.
And it isn't a Canada-only problem:
At some point there probably needs to be a hard conversation about some of these decisions as the pressure mounts.
