Arjay,
<<Pericles makes no mention of why our taxes are growing and are killing off our economies.>>
Probably because they're not!

<<It is the Central bankers who conned our pollies into selling of 4 State Govt Banks and the Commonwealth.>>
Considering you're so ignorant about central banks that you think they're in the private sector, that claim is rather dubious.

<<They used to create infrastructure debt free>>
When did they do that? Things like the Sydney Harbour Bridge took decades to pay off. The difference back then wasn't a lack of debt but rather a fear of debt!

<<but now we are slaves to private banks that create both inflationary money and money for growth as debt.>>
No more so than before.

<<The result is that exponentially more debt money must be created today,to pay for the debt of yesterday. It is like using a new credit card to pay off the old one. This system has now reached the point of total collapse.>>
First you worry about inflation, then about too little increase in the money supply. Make your mind up!

Well, we all need to do some belt tightening
Particularly the wealthy who can better afford it.
Rather than 50 something Grandmas, supporting/raising a couple of grandkids/orphans.

These sacrifices must include the preferential tax treatment of super, for millionaires, who arguably, need this government subsidized largess, far less than the struggling, trying to just survive in struggle street!

Ditto family trusts and negative gearing!

Real tax reform would end the need of any and all these tax minimization schemes!

As for bludging off of the Kids, who was it that went without and struggled to raise them and send them to university, to give them the advantages most of the parents never ever enjoyed!

Yes housing was once far more affordable!
But its not the baby boomers who have forced house prices to go way up relative to real incomes, but policy making politicians?

And arguably because too many pollies have too many bricks and mortar investments?

And attested to, by the very decisions of most governments, who are the ones who create housing affordability, via the policy paradigms.

The apparent wealth of the badly maligned baby boomers just didn't drop in their laps; but took real money earned by the sweat of the brow, or personal endeavor, and at some risk.

What's missing in the endlessly complaining x and y generations, is the toughness and a willingness to rough it just to earn a quid, or the money needed to buy houses

Nobody paid for the baby boomers investments except the baby boomers, and while they paid a far higher level of personal tax; as memory serves, as much as 68 cents in the dollar.

Who and what did those dollars pay for?
How about a highly profitable bank, a telco and numerous other profit earning entities, That if retained would've paid for all those now dependent baby boomers!
Rhrosty.

Roses 1, you forgot to add... Then sit back and watch the economy crumble.

When ever I ask an opponent of NG, where will the renters live, not one can provide an answer, Are you any different?

Now there are this who say Tax the rich. Are they aware that out of every ten people here in Oz, seven rely on the other three for their financial support. And they want the three to do even more. Unbelievable!

Inheritance. I say we should reintroduce an inheritance tax, one that taxes any inheritance over and above $500 K per beneficiary and, if the assets of the estate were held in trust, then the tax breaks have been had so they should all be taxed.

Why should any person be left with so much simply because they were born lucky. BTW, my kids would pay tax under such a scheme, so I am not biased in my thinking.

Probably the best quote I have heard about gen Y, is that they want to start from where we finished, and that pretty much sums it up.

Finally, this is the first down turn many gen y'ers have encountered, while we baby boomers have seen several. So suck it up princesses cause life wasn't meant to be easy, it's just that nones doing the heavy lifting any more.

Yep..I think that the bulk of the problem is kids want to live the lifestyles of the rich and famous on average incomes.
Kids also seem to have a problem understanding that leaving uni hocked up to the eyeballs with a degree will not bring instant success.

Most of us baby boomers started modestly and built ourselves up over many decades while learning more from our failures than our successes.

Life is all about give and take.

This generation is all about take. Handouts from the government are taken as granted, but the moment that any belt tightening is required because the revenues are reduced, everyone screams blue murder that it is unfair.