indexing tax scales

The latest buzzword the government is tossing around to try to scare people into supporting its grossly unfair budget is “intergenerational theft”. It recently released an Intergenerational Report, which looks at the budget over the next 40 years to back up this campaign.

The report says that in the future we will all live much longer and spend more of our lives in retirement. There will be a lower proportion of working people whose taxes pay for pensions and health care, so “we” have to start paying for it now.

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