Intergenerational Inequity – Age Pension Liabilities and Resource Taxes

24 July 2024

 

By guest contributor Ken Atchison, founder of Atchison Consultants   There are two very significant intergenerational inequities in Australian public policy. They are the age pension and revenue from natural resources. Both involve government spending today which will be paid for by future generations of taxpayers. In the May 2024 Australian federal budget, the Treasurer, Jim Chalmers, announced a surplus of $9.3 billion and gross debt of $1 trillion.  With...

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