Tax rates will have to rise by almost a third if the retirement age is to stay at 65, a new report has warned.
Every percent increase in taxation in another nail in the coffin of my ability to live a free, satisfying life, pursuing my happiness.
After seventy years of the welfare state getting it wrong, catastrophically wrong both economically and morally, I have no faith whatsoever any government can provide better for my retirement than I can. Indeed, the statists have made such a botch of it, tax increases will be needed just to pay the interest on the debt Western governments still irresponsibly continue to rack up running the monsters they've legislated: forget the coming wave of retirees. So no tax increases visiting yet more police state on us all, let me opt out: I don't want any pension from the government, I am saving just fine for my old age: give me a tax cut and I'm happy to take my future welfare out of the hands of the bureaucrats, and will be much the better off for it, as will the country.
Chance of this happening?
None. Because we live in a tyranny, where choices on what matters in a life, have all been taken away from us. Government and the state have usurped the social contract.
No thought in this article of the freedom option: stop state pensions; it just jumps to the forgone conclusion of taxation increases. That ethic that made the West the best civilisation man has ever created, classical liberalism, is dead.