Sunday, June 17, 2012

British economist talks about the future

A British economist is saying what many people have been saying for years, but he does it in a single, concise article at the BBC. It's worth your time to read it thoroughly:
    It is surprisingly easy to win the support of young voters for policies that would ultimately make matters even worse for them, like maintaining defined benefit pensions for public employees.
    If young Americans knew what was good for them, they would all be in the Tea Party.
    A second problem is that today's Western democracies now play such a large part in redistributing income that politicians who argue for cutting expenditures nearly always run into the well-organised opposition of one or both of two groups: recipients of public sector pay and recipients of government benefits.

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