Dec

7

Paying the Bill, from Anonymous

December 7, 2011 |

I belong to the final stage of the baby boom, being born in 1963. My generation is starting to pay the bill for decades of overspending and welfare supported by debt. We are getting older at a time when structural growth is over. The organization where I work in Italy, like many others, has been going from rationalizations, budget reductions and downsizing over the past 10 years. Hard to build a career in this environment. The only way to make money is for those clever enough to continue milking what is left of the government cow. As parties and technocrats continue to believe that raising taxes is the only solution to the crisis we have to expect long and tough times ahead. In the meanwhile I hear a lot of people willing to retire early.

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