Yesterday I appeared on the popular Breaking Points podcast to discuss an essay that I wrote a few weeks ago on demographic change and intergenerational conflict. Since then, I have had quite a few people sign up to the Substack. Thank you to those people, and I hope you enjoy it.
The younger generation will rightly ask why they pay extra taxes to subsidise a retirement lifestyle for the elderly that the older generation underfunded in their active years. That problem will be solved, in time, by a politician who stops the flow of those intergenerational subsidies. That is a fair prediction and a reminder to those not yet retired to not count on the retirement promises written into current contracts.
The younger generation will rightly ask why they pay extra taxes to subsidise a retirement lifestyle for the elderly that the older generation underfunded in their active years. That problem will be solved, in time, by a politician who stops the flow of those intergenerational subsidies. That is a fair prediction and a reminder to those not yet retired to not count on the retirement promises written into current contracts.