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By davidvanbeveren (registered) | Posted April 28, 2011 at 21:07:13
As children of the 1980's we might as well embrace Galbraith's notion of an Affluent Society because that's the direction we're going in whether we like it or not. If we wish to preserve anywhere near the same standard of public services and infrastructure that our parents enjoyed it will be paid for largely through higher personal income and property taxes. The baby boomers will remain an influential voting block for a good portion of our working lives, and I don't expect that any political party would risk alienating this group by forcing them to pay for the excesses of their generation in their retirement years.
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