The Tax Base is Fading to Grey
The number of people over state pension age is now officially greater than the number of children for the first time in our history. Today there are 4 people of working age for every person of retirement age. By 2050 there will only be 2 for every retiree.

It takes something like 30 taxpayers to support a bureaucrat, yet the ratio of bureaucrats to productive taxpayers is worsening. State pensions are unfunded. Where in the coming decades are the taxes going to come from to pay for the pensions and bureaucrats as well as servicing the colossal government debt?

Who will bear the terrifying burden?

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mdi-timer December 10 2008 @ 08:41 mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-printer
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