Recently by Simon Black: This Is Definitely Worth 4 Minutes of YourTime
If youre reading this and under 30, let me be absolutely clear about one indubitable point: your government is going to sacrifice your future in order to pay for its own mistakes from the past.
To give you an example, students in London came out to the streets in droves last Friday to protest the British parliaments most recent austerity measures which tripled the cap on their university tuition to $15,000.
Sure, Britain is imposing all sorts of austerity measures on its citizens and while I wont get into a discussion about the absurdity of government controlled education, I will point out that students are having their benefits cut far more drastically than any other segment of the population.
Are pensioners seeing their costs triple? No. Are middle-aged workers seeing 50% tax hikes? No. Aside from the very small segment of high-income earners who will be forever robbed and pillaged of their wealth, the younger generation is next in line to receive the butt end of the crisis fallout.
Younger folks have comparatively lower incomes, benefits, job opportunities, and political clout than their seniors, yet they are increasingly expected to assume a disproportionately larger burden of the consequences of government folly.
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Its the younger generation that is called on to go fight and die in pointless wars in faraway lands; its the younger generation that is forced to assume the debts of their forefathers; and its the younger generation that gets relegated to the back rows of the political amphitheater and dismissed by the establishment.
Meanwhile, retirees arent seeing massive benefits cuts, and middle-aged wage earners income earners are being protected from above by politicians. In fact, lets take a minute and look at the looming fate of the average young person today:
1) Your government-run university tuition is going to go through the roof, saddling you with unfathomable debt before you even enter the world as an adult;
2) Once you graduate, youll be the last in the hiring queue;
3) If you do get hired, youll be the lowest on the totem pole and the first to be let go when tough times befall your business;
4) Once the labor market eventually stabilizes, youll enter your prime earning years with some of the highest tax rates ever seen as your government continues to cannibalize your generation to pay off its largess and indebted entitlement programs that benefited older generations;
5) For your entire working life, youll pay into a pension system that is going to be bankrupt by the time youre qualified to draw on it;