… at best achieve only equity between generations because younger people will pay them too as they age. Still, given the last 14 years, there’s a good argument for making such intergenerational equity the aim, and minimising tax rises that skew young. [6/8]

One final point: there are some taxes that have the opposite intergenerational effect to restricting relief on pension contributions. A time-bound pension levy, like Ireland introduced post-GFC, would exclusively affect people who have already accumulated pension savings… [7/8]