Social care system is essentially a Ponzi scheme

Mark Littlewood appears on BBC Radio 5 Live with Stephen Nolan

Mark Littlewood talked with Stephen Nolan on BBC Radio 5 Live to discuss the results of the Dilnot Commission's report on social care.

The report recommended a £35,000 cap on social care bills, after which the state would take over. The government, however, has announced a decision to set the cap at £75,000.

Mark Littlewood argued that there should be no cap on what users of social care should pay as it is unfair for younger generations to foot the bill. This is particularly unfair when wealthy users of the social care system do not have to pay above this £75,000 cap but younger working class generations pay for this through taxes and National Insurance.

The "pay-in" through National Insurance and tax doesn't cover the "pay-out" made by the government for social care, pensions and healthcare and younger generations are forced to pay this difference.

"We have had government after government that has essentially taxed at about 'x' and promised '2x' back and if you do that then you run out of cash," argued Mark Littlewood.

Mr Littlewood went on to des