Tag #Intergenerational Equity

Showing 1 to 12 of 22 results

elmundo.es

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Sep 22, 07:22

Germany Prioritizes Pension Reform Amidst Demographic Shift

Germany's Chancellor Merz is pushing for unpopular pension reforms to address the country's aging population and unsustainable welfare system, unlike Spain's approach of delaying necessary changes.

Germany Prioritizes Pension Reform Amidst Demographic Shift

Germany's Chancellor Merz is pushing for unpopular pension reforms to address the country's aging population and unsustainable welfare system, unlike Spain's approach of delaying necessary changes.

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What is the core issue driving Germany's pension reform, and what are the immediate consequences of inaction?

Germany faces a shrinking workforce and rising pension costs, with fewer contributors per retiree. Failure to reform risks depleting public funds and increasing the burden on future generations. The current system's cost increased 60% in 15 years, reaching €408 billion in 2024, with €116.3 billion not from social contributions.

theguardian.com

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Aug 22, 19:19

Australian Economic Summit Yields 10 Reform Directions, Tax Reform Push

After a 29-hour summit involving unions, businesses, and experts, Australian Treasurer Jim Chalmers announced 10 reform directions and potential quick wins to address economic challenges, including tax reform to improve intergenerational equity.

Australian Economic Summit Yields 10 Reform Directions, Tax Reform Push

After a 29-hour summit involving unions, businesses, and experts, Australian Treasurer Jim Chalmers announced 10 reform directions and potential quick wins to address economic challenges, including tax reform to improve intergenerational equity.

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How does the summit's focus on intergenerational equity address concerns about the current tax system's fairness and sustainability?

The summit yielded a consensus on the need for tax reform to improve intergenerational equity, stimulate business investment, and simplify the tax system. Participants, including former Treasury boss Ken Henry, stressed the urgency of addressing the current system's bias against wage earners and the unsustainable burden on future generations.

smh.com.au

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Aug 14, 10:17

Spender Proposes Tax System Overhaul to Address Intergenerational Inequity

Independent MP Allegra Spender's plan to revamp Australia's tax system would shift the weight of personal income tax from young working Australians to older property investors utilizing negative gearing, aiming to alleviate the intergenerational inequity in the tax system.

Spender Proposes Tax System Overhaul to Address Intergenerational Inequity

Independent MP Allegra Spender's plan to revamp Australia's tax system would shift the weight of personal income tax from young working Australians to older property investors utilizing negative gearing, aiming to alleviate the intergenerational inequity in the tax system.

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What are the potential economic consequences of Spender's proposal, both positive and negative?

Spender's proposal aims to counter the current system's disincentive for young Australians to boost their skills or work due to high housing and childcare costs. By separating income from work and investment, and restricting the use of property losses to offset only capital gains, the plan intends to level the playing field and make the tax system fairer across generations. This is in response to concerns voiced by former Treasury secretary Ken Henry about the current system's unfairness towards younger generations.

smh.com.au

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Jul 18, 07:14

Australia's Environmental Law Inaction: A Critical Analysis

Australia faces a critical environmental crisis due to the government's inaction on vital environmental law reforms despite expert recommendations from a 2020 review and warnings from former Treasury secretary Ken Henry.

Australia's Environmental Law Inaction: A Critical Analysis

Australia faces a critical environmental crisis due to the government's inaction on vital environmental law reforms despite expert recommendations from a 2020 review and warnings from former Treasury secretary Ken Henry.

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Climate Action

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What are the primary consequences of Australia's continued failure to update its environmental laws, and what specific actions are urgently needed?

Australia's failure to update environmental laws, despite widespread support and expert recommendations, is causing significant environmental damage and hindering economic growth. Former Treasury secretary Ken Henry labels this inaction an "intergenerational tragedy", criticizing the lack of progress five years after a key reform report.

abcnews.go.com

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May 9, 22:11

Albanese's Labor Party Wins Landslide Victory, Prioritizes Student Debt Reduction

Australian Prime Minister Anthony Albanese's Labor Party won a landslide victory in the May 3 election, fueled by concerns about student debt and housing affordability; reducing student debt by 20% will be their first legislative priority.

Albanese's Labor Party Wins Landslide Victory, Prioritizes Student Debt Reduction

Australian Prime Minister Anthony Albanese's Labor Party won a landslide victory in the May 3 election, fueled by concerns about student debt and housing affordability; reducing student debt by 20% will be their first legislative priority.

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How did the demographics of this election impact the Labor Party's platform and success?

The election results mark a shift in Australian politics, with younger voters outnumbering Baby Boomers for the first time. The Labor Party's focus on easing the financial burden of student debt resonates with this demographic, who face challenges in homeownership due to high real estate prices and a shortage of housing. This policy directly addresses a major concern that fueled the party's success.

smh.com.au

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Apr 29, 04:13

Australia's Tax System Fuels Intergenerational Inequality

Australia's tax system, with over \$100 billion in annual concessions favoring the wealthy, exacerbates intergenerational inequality, leaving younger generations with less access to housing, education, and a secure retirement, while the wealthy benefit from superannuation tax breaks and capital gain...

Australia's Tax System Fuels Intergenerational Inequality

Australia's tax system, with over \$100 billion in annual concessions favoring the wealthy, exacerbates intergenerational inequality, leaving younger generations with less access to housing, education, and a secure retirement, while the wealthy benefit from superannuation tax breaks and capital gain...

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What are the main tax concessions benefiting the wealthy, and how do they contribute to the widening gap between generations?

The current tax system effectively transfers wealth from lower-income earners and younger people to the wealthy, creating intergenerational inequality. Tax breaks intended to reduce future budget pressures from an aging population have instead led to increased spending on superannuation tax breaks exceeding pension spending. This system is further exacerbated by the fact that 82 percent of capital gains tax benefits go to the top 10 percent of income earners.

welt.de

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Aug 28, 07:19

Fahimi Defends German Welfare State Amidst Merz's Criticism

DGB head Yasmin Fahimi defends Germany's welfare state's financial viability against Chancellor Merz's position, criticizing proposed pension reforms and care leave proposals as inhumane and highlighting criminal exploitation of the Bürgergeld system.

Fahimi Defends German Welfare State Amidst Merz's Criticism

DGB head Yasmin Fahimi defends Germany's welfare state's financial viability against Chancellor Merz's position, criticizing proposed pension reforms and care leave proposals as inhumane and highlighting criminal exploitation of the Bürgergeld system.

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No Poverty

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How does Fahimi propose addressing the issues within the Bürgergeld system?

Fahimi points out the Bürgergeld's spending, relative to the national budget and economic output, has slightly decreased, refuting claims of increased costs. However, she acknowledges the need to address organized crime exploiting the system and the issue of individuals using the allowance to supplement wages, which she terms 'tax-funded combination wages'.

theguardian.com

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Aug 17, 01:16

Australia's Economic Summits: Then and Now

Bob Hawke's 1983 economic summit, initially viewed skeptically, fostered unprecedented national consensus and economic transformation in Australia, setting a model for the current summit addressing contemporary challenges.

Australia's Economic Summits: Then and Now

Bob Hawke's 1983 economic summit, initially viewed skeptically, fostered unprecedented national consensus and economic transformation in Australia, setting a model for the current summit addressing contemporary challenges.

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Decent Work and Economic Growth

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What immediate impacts did Bob Hawke's 1983 economic summit have on Australia's economic and political landscape?

In 1983, Bob Hawke's economic summit, initially dismissed as a gimmick, fostered national consensus and policy changes, transforming Australia's economic landscape. Despite high costs, it shifted the national climate, prioritizing collaboration and leading to significant investment and policy reforms.

zeit.de

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Jul 25, 16:12

Germany's Pension Crisis: Proposed "Boomer Soli" Tax to Address Funding Shortfall

Germany's pension system faces a funding crisis due to demographic shifts. The government plans to increase contributions and subsidies, but avoids difficult reforms. A proposed "Boomer Soli" tax on higher-income retirees would redistribute funds to support lower-income pensioners.

Germany's Pension Crisis: Proposed "Boomer Soli" Tax to Address Funding Shortfall

Germany's pension system faces a funding crisis due to demographic shifts. The government plans to increase contributions and subsidies, but avoids difficult reforms. A proposed "Boomer Soli" tax on higher-income retirees would redistribute funds to support lower-income pensioners.

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What immediate actions are being taken to address Germany's impending pension crisis, and how will these actions affect different generations?

The German pension system, long promised as secure, faces a crisis due to demographic shifts and insufficient funding. The current coalition plans to increase contributions and federal subsidies, impacting younger workers disproportionately, while avoiding difficult reforms like raising the retirement age or adjusting early retirement benefits.

elpais.com

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May 18, 13:10

Spain's Aging Population: A Looming Economic Crisis

Spain's aging population, with a rapidly increasing proportion of citizens over 65, is severely impacting the labor market, pension system, and public finances, demanding urgent structural reforms for long-term economic stability.

Spain's Aging Population: A Looming Economic Crisis

Spain's aging population, with a rapidly increasing proportion of citizens over 65, is severely impacting the labor market, pension system, and public finances, demanding urgent structural reforms for long-term economic stability.

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How does the aging population affect Spain's productivity and innovation capacity?

The aging population puts immense pressure on Spain's pension system and public finances. Increased healthcare costs associated with chronic illnesses and long-term care exacerbate the strain on a shrinking tax base. This situation creates a substantial challenge for Spain's welfare state, potentially leading to intergenerational conflict.

es.euronews.com

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May 2, 13:18

EU to Create Intergenerational Justice Index by 2026

The European Union is developing an index to measure countries' progress on intergenerational justice, aiming for a 2026 strategy that leverages existing EU funds and addresses growing youth disillusionment with democracy.

EU to Create Intergenerational Justice Index by 2026

The European Union is developing an index to measure countries' progress on intergenerational justice, aiming for a 2026 strategy that leverages existing EU funds and addresses growing youth disillusionment with democracy.

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What are the potential long-term consequences of the EU's intergenerational justice strategy, and what challenges might hinder its effectiveness?

The EU's focus on intergenerational justice reflects growing global awareness of long-term societal impacts. The planned index and strategy could influence policy decisions across member states, promoting more sustainable practices and addressing youth disengagement from democratic processes. However, the success hinges on effective integration into existing EU programs and meaningful youth engagement.

welt.de

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Apr 26, 10:10

German Public Fears Negative Impact of Government Debt on Younger Generations

A YouGov poll shows 61% of Germans fear the new Union-SPD government's planned massive debt increase will negatively affect younger generations, with concerns about pension burdens and a lack of trust in the government to represent younger generations' interests.

German Public Fears Negative Impact of Government Debt on Younger Generations

A YouGov poll shows 61% of Germans fear the new Union-SPD government's planned massive debt increase will negatively affect younger generations, with concerns about pension burdens and a lack of trust in the government to represent younger generations' interests.

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What are the primary concerns among German citizens regarding the new government's fiscal policy and its impact on younger generations?

A YouGov poll reveals that 61% of Germans anticipate negative consequences for younger generations due to the new government's planned massive increase in debt. This includes 31% viewing the debt increase as "very negative" and 30% as "rather negative" regarding generational fairness. Only 13% expressed a positive view.

Showing 1 to 12 of 22 results