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Peter McCormack: Welfare state is breaking amid population decline risks

Peter McCormack: Welfare state is breaking amid population decline risks
Welfare state faces population decline risk

Peter McCormack, chairman of Real Bedford FC at What Bitcoin Did Podcast, warns that the welfare state is unsustainable and breaking.

He argues that society is unprepared for the economic impact of population decline, referencing insights from demographer Paul Morland.

McCormack has previously flagged potential personal finance pressures related to government policy. He suggested that a proposed 45% capital gains tax could prompt retirees to consider relocation options in a recent article. Earlier, he criticized inheritance tax as an unfair and intrusive burden on individuals, arguing that people should have greater control over transferring assets in a separate commentary.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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