Generations
in sentence
1397 examples of Generations in a sentence
Doing so would reduce the debt and tax burdens on future generations, while crucially limiting the risks of much higher inflation in the nearer term.
That is why future
generations
will likely remember this as a time of lost economic opportunities.
After decades of pushing the costs of today’s expenditures and promises onto future generations, that bit of family wisdom appears - at long last - to be influencing government policy.
So, are future
generations
now safe from fiscal profligacy now that hard fiscal discipline seems in place?
Unfortunately, future
generations
remain under threat.
"Generational accounting" assumes that all generations, including those not yet born, will receive the same per-capita level of transfers and government purchases.
The question, then, is to divide the bill among current and future
generations.
According to case studies of 17 countries, the world’s leading economic powers (America, Germany, Japan), as well as a wide range of other countries, are pursuing fiscal policies that inflict heavy burdens on future
generations.
If future
generations
in these countries are to receive the same per-capita level of public goods, their net lifetime taxes will be at least 75% higher than the taxes facing current newborns.
Italy’s future generations, for example, can expect to pay 131.8% higher lifetime net taxes if current policies are maintained.
Norway, Portugal, Argentina, Belgium and America all have substantial imbalances, imposing a 50 % to 75% increase in net lifetime taxes for future
generations
through their current fiscal policies.
In only three countries - New Zealand, Thailand and Sweden - are generational balances negative, meaning that those countries are leaving
generations
yet born with lower lifetime net taxes than current newborns.
The exception here is Belgium, where assuming zero net debt would leave future
generations
with surpluses.
These results suggest that future
generations
can expect serious hardships, problems they would want resolved by those who are causing them.
But current generations, wary of increasing their own tax burdens or curtailing their benefits, may not be willing to tackle these issues.
Failure to act now means permitting each new generation that is born to benefit from the same lifetime net tax rate as current
generations.
As a result, generational imbalances - and the lifetime net taxes of future
generations
- will continue to pile up, until the tax burden will be too heavy to be imposed.
It is imperative that policymakers and politicians understand that a balanced budget and stable debt to income ratio in any one year is no indication that future
generations
will be spared the burden of overspending by today’s generation.
In short, solidarity has come to mean redistribution rather than growth (which is how today's generation expresses solidarity with respect to future generations), while subsidiarity has come to mean the distribution of political power, rather than a careful delineation of the boundaries between the state, civil society, and the market.
They can endure beyond the circumstances that gave rise to them, often taking several
generations
to fade away.
The island has been split for so long that
generations
have grown up with no idea of life on the other side.
Many
generations
of Japanese have walked a single path – that of freedom, human rights, and the rule of law – and we will continue to walk this path for
generations
to come.
Of course, Americans should worry just as much about the quality of education and infrastructure – not to mention the natural environment – that they are leaving to future
generations.
At the same time, a request for transparency and a care for ecology are growing in the youngest
generations
across Europe, which explains the progress of the Green vote in many countries.
It will provide space for
generations
of health professionals to learn how to heal patients, comprehend the sociology of disease, and build the health systems that make a strong society.
Alarmingly high youth unemployment, shrinking social safety nets, and under-investment in infrastructure and human capital are burdening current
generations
and, in a growing number of cases, will adversely affect future
generations
as well.
Today's post-war generations, lacking direct memory of WWII, view Europe's great achievements - liberty, peace, and prosperity - as a given.
This type of ownership structure can be particularly problematic during transfers of ownership to new
generations.
More likely is a token across-the-board tax cut: the losers will be future generations, out-lobbied by today’s avaricious moguls, the greediest of whom include those who owe their fortunes to scummy activities, like gambling.
Moreover, if we could stop global warming (which we can’t), the benefit for future
generations
would be one-tenth or less of the benefit of freer trade (which we certainly can achieve).
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