We live in uncertain economic times. A new “study” in Australia places the blame exactly where it belongs. Who is to blame? Why those smelly, loafing, little whiners of course. Babies.
FORGET those plans to have a third child for the country because further increases in the birth rate could harm the economy, the nation’s productivity watchdog has warned.
A major analysis of the nation’s increasing fertility rate said it was at its highest level for 25 years – but the Productivity Commission yesterday warned further increases may aggravate rather than solve the problem of the ageing of the population.
This is because it will shift women out of the workforce while they care for babies, depressing labour supply and reducing the taxation base as our population ages, the Daily Telegraph reported.
The small number of extra babies born would make little difference to the rate of population ageing, the commission said.
And the women having the babies would be exacerbating the financial impacts on the government of the ageing of the population because the tax breaks offered to parents to have children occur up front, while the cost savings of a bigger working population and bigger tax base from extra children are deferred until they are of working age.
Not too short sighted, eh? Don’t have any more babies because we need you to stay in the workforce and pay taxes. Of course it begs the question of who will pay the taxes when those supporting the entitled stop working?
Pay no mind to such questions. Here, take your birth control and get back to work.