[FWI] As Millennials and Generation-X begin to get a firmer grasp onto the levers of power there beg...

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[FWI] As Millennials and Generation-X begin to get a firmer grasp onto the levers of power there begins a rapidly increasing trend of benefits and funding being wound back from the Boomer generation and put towards repairing the economy and giving a leg up to the younger generations.

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Lorix_In_Oz is in FWI

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Changes include, but are not limited to a reduction of publicly funded pensions and medical services to the over 60's, a significantly increased rate of property tax designed to target the assets of retirees and shifting retirement exemptions to first home buyers and families raising children. Retirement fund payments are subject to a form of income tax and a flat 50% death tax is introduced for assets that are not transferred or gifted to other non-spousal family members at least 2 years before and individual passes away.

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Lorix_In_Oz

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Posted: 2 years ago
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