Younger workers will face crippling income taxes and governments will be forced to slash spending if baby boomers and Gen X voters continue to put tax reform in the too-hard basket.
Incoming Productivity Commission chief Danielle Wood has sounded the alarm in a major speech that delivers a grim warning to the Albanese Government over the urgent need to address “intergenerational equality”.
Danielle Wood has been appointed as the new Chair of Productivity Commission. Picture: NCA NewsWire / David Geraghty “The implications of not taking policy action are clear: we are asking future generations to bear the costs of today’s inaction,’’ she said. “Deep cuts to services would be harmful to equity and our longer-term capacity to thrive as a nation. Of course, others might have different value judgments, and argue that taxes should not grow as a share of the economy. But – g
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