Quote:
Originally Posted by Chris
Except that now they are, because they’re inevitably borrowing prodigiously to pay for it. Which of course means it’s actually future taxpayers, a.k.a. our kids, who will in time be paying to keep our lights and our hot water working.
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That’s privatisation in a nutshell though. Bringing forward future profits into a one off windfall. The boomers spaffed it up the wall and current younger generations will pay either way. The question is whether to keep the failed system going or acknowledge it for what it is now, and make the investment for the benefit of future generations or not.