Quote:
Originally Posted by Slava
It's not helpful, for sure, but I don't know how much appetite you'll find for people to pay increased taxes in order to ensure that we meet these pension obligations either. People generally aren't super excited to pay more taxes to receive increased services, let alone paying more to make sure that people have good retirements.
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I wasn’t trying to make an argument for raising taxes to pay for it, I was just pointing out that reducing taxes when it doesn’t leave you enough revenue to cover your existing liabilities is a bit of a fools errand.