The AFR’s Brian Toohey, one of the few campaigners for inter-generational fairness in the MSM, penned a great piece yesterday explaining how policy decisions favouring older Australians made under former Treasurer, Peter Costello, have added immensely to the Budget’s pressures and in the process have robbed younger generations, who will be called upon to fund the generous entitlements paid to their well-off parents and grandparents:
While treasurer in the Howard government, Costello talked up a storm about how “demography is destiny” and stressed the necessity of tackling the budgetary pressures created by an ageing population. He then introduced big changes making it easier for well-off older people to add to the budget burden…
The full text of this article is available to MacroBusiness subscribers
