2013 economic freedom index, page-3

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    CGT, these people, whoever they are, must be overlooking the massive debt run up by labor in just five years.

    As someone illustrated once, this is like mortgaging your house for much more than you owe and then living the life of riley.

    Yipee say the kids who get all the spending money they want. New clothes, new cars for mum and dad. But eventually other people's money is maxed out and the bank wants money to be paid back.

    So then they are left worse off than when they started. Now they have to go back to the poorer life style they had before taking out the extra mortgage PLUS pay off the mortgage AND interest.

    Economic freedom indeed... surely it's a mirage under these high debt conditions.
 
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