I understand the point he makes (don't agree though), but before covid 19 even hit, we'd already mortgaged up the future workers of Australia, with the overspending of the last 13 years. The argument, that we are only protecting the old farts by cutting the legs off our financial wellbeing, is a little tough, particularly, when our financial wellbeing is relied upon by every demographic we have. Anyways, I'll leave this argument to you guys, but what the writer suggests, is akin to the Iceland strategy after the GFC......no bailouts.
Again.....I do not agree with the writer, and I am an older fart.
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