Most Australians want to leave the world a better place for those that come after them.
It’s time to make sure we do it.
Lots of older Australians are doing their best, individually, supporting their children via the “Bank of Mum and Dad”, caring for grandchildren, and scrimping through retirement to leave their kids a good inheritance.
These private transfers help a lucky few, but they don’t solve the broader problem. In fact, inheritances exacerbate inequality because they largely go to the already wealthy.
We need policy changes.
Reducing or eliminating tax breaks for “comfortably off” older Australians would be a start.
Masking the real history of high school in America also helps the DeVoses of the world obscure legitimate problems the education system has always faced—problems that have been deliberately created and maintained. Funding inequality and racial segregation are rarely the focus of these sorts of stories about an ever-unchanging educational system. The dominant narrative instead tends to point to teachers or curricula, or even bells and early start times, as the reason schools are “broken” and that students aren’t being adequately prepared for the future.
Researchers find that much of the damage done by being poor comes from feeling poor.