‘Intergenerational tragedy’: Will the kids be alright?

This week on The Fin, economics editor John Kehoe on why young Australians are at risk of a poorer future and what can be done to lighten their load. This podcast is sponsored by First Sentier Investors Further reading: Why younger Australians are at risk of a poorer future The nation will become older, more indebted, and tax working-age people more over coming decades unless something dramatic changes. The penny has finally dropped on income tax burden There are at least three achievable ways to alleviate the intergenerational inequities in the tax system to take pressure off workers and not harm economic growth. Tax system fails every test, says Ken Henry The federal-state tax system “fails” every test, including for economic growth and fairness to younger people, underlining the need for political leadership to deliver more than “mere tinkering”, former Treasury boss Ken Henry says.See omnystudio.com/listener for privacy information.