Because too many people are now taking early retirement without being prompted by the physically-taxing nature of their job. With this in mind, the government has already voiced its desire to partly fund the state old age pension by taxing older people’s incomes.
BIS central bankers’ speeches  1  Are you, Benoît Cœuré, as someone at the European Central Bank, able to say that it is the end of austerity in Europe or at least in certain countries that have been practising austerity? You know, austerity is a very generic term. Each country does it differently.