The basic point of generational accounting is that high and rising debt-GDP ratios imply lower tax rates on future generations.

Name: The basic point of generational accounting is that high and rising debt-GDP ratios imply lower tax rates on future generations.
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Generational accounting suggests that high and rising debt-GDP ratios may imply higher tax burdens on future generations, as they will need to service the debt incurred by previous generations.

The Basic Point of Generational Accounting Is That High and Rising