“Generational injustice” is no myth

The Australian’s Judith Sloan has penned an article today attacking claims of “generational injustice”:

Intergenerational injustice is a myth… what do we mean by intergenerational injustice? The Grattan view is that people on the same income should be taxed in exactly the same way irrespective of their age.

It doesn’t matter to the researchers that the income of young people is overwhelmingly sourced from wages and salaries whereas retirees’ incomes are mainly made up of returns to ­assets that have been accumulated, often from post-tax income or from compulsory super­annuation.

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