Comments by "Curious Crow" (@CuriousCrow-mp4cx) on "The UK’s housing costs are sucking life out of our economy" video.

Redistribution is the only answer because there are perverse incentives at work. And tax incentives together with using taxation for productive investment would do that. The State can do it when the private sector won't or can't. If we tax speculation more and provide tax credits for productive investment, we would find asset bubbles would recede. Indeed, there is a tenable argument that tge financial sector is too big. When you look at which sectors contribute most GDP, it's not the ones that provide the most jobs. Financial Services is the largest sector, but it's making only a minority wealthier. Manufacturing employs more people, but provides less GDP than Financial Services. This is why we need a different economic framework to work with. One that looks at productive and speculative input and output differently, instead of being misled by the aggregate. Indeed, we are told we are the 6th richest country in the world by GDP value. But by GDP per head we are 29th richest. And the Labour Share of GDP - the share of GDP paid to workers - has been falling in size for years. But nobody noticed because they had new toys to play with like more consumer credit, credit cards, cheap white goods that were so cheap because the countries making yhem were being exploited. Now it's very different, because as Richard noted the winners from that period, who got wealthy don't even invest here. So, we need to look at things differently and less opaquely, so people better understand what's really going on.
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Your generational labelling is off. Baby boomers were born in the Post-World War II baby boom, and those children came of age in the mid 1960s. That cohort's children would have come of age from 1970s to early 1980s at the earliest. And how helpful are such imprecise generalisations any way? All they seem to do is to muddy the waters.
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