17. Australian Government Debt? A$307 Billion! (VAT introduced 2000) Irish Government debt: โฌ 38 Billion, โฌ10,000 per person in Country UK Government debt: ยฃ478 Billion and rising at ยฃ100Million every day! American Government Debt US$9.2 Trillion! Rising at 1.5Billion every day!
23. Average Western World tax rate? 70 - 90% and rising!!! You are working for 10 โ 30% in the ยฃยฃยฃ
24. Thatโs why it is impossible to work and ever save your way to financial freedom! You are selling time for money!
25.
26. Now here is something very interesting! In many countries there is much talk about governments increasing the age to qualify for the pension and most governments are aiming for 70. Well recently a major insurance company just published these figures. If you retire at 65 the average life expectancy is 71. ย If you retire at 60 the average life expectancy is 76. ย If you retire at 55 the average life expectancy is 81. How clever! If the government can increase the retirement age to 70, they wont have to pay out many pensions yet you will have spent all your life paying them hundreds of thousands if not millions throughout your life in TAXES! Also the sooner you retire the longer you liveโฆ do you need any more motivation!!!
