Karl your super is in a very dangerous position at the moment. QE created $ trillions to re- inflate the share market and it is ongoing. The derivative market which our banks have $21 trillion exposure,will soon destroy our western economies and you'll have no super.

Western exposure to the gambling derivative market is $750 trillion with world GDP of $ 70 trillion. Not a good ratio.

It would be better that our Govt issue infrastructure bonds that our super funds could then own real assets in,rather than this false economy of BS toxic derivatives.

What utter garbage Karl. May be a few of our silver spoons are lucky to have inherited property, but most of us worked damn hard, went without most of the glitter, & invested wisely to own what we have bought. Luck had not a damn thing to do with it.

Anyone who has sympathy for any non property owner over 30 years of age is a fool. Anyone over thirty who does not own property is a bloody idiot. Again, in very few cases did luck have anything to do with it.

I do believe it has got harder for the younger generation, all the more reason for us to preserve what we have earned to help our own, rather than your favorites.

Those who chose to drink, smoke, drive flash cars, & take expensive holidays have no right to now expect those who went without these things, to be able to buy a home, to now contribute to their well being.

Why is it that socialists expect the ne'er-do-well to be allowed to double dip. Spend everything they earn on personal gratification, then come back for a second helping from those more prudent. Why is it that they believe they have some right to spend other people's money on their hobby horses?

I can accept that I would be much richer if I had worker harder, & indulged myself less, why can't you accept that those who worked less hard, & indulged themselves more should be less well off than I am? Why should anyone expect to share in the results of my careful living?

If you want to be a sucker for some sob story go for it, but mind your own business when it comes to other people.

Dropping the names of a bunch of socialist economists does nothing for your case, nor do your insults. If you don't like the people on this forum, you are welcome to go jump onto another, with my blessing.

Rehctub I can't agree with your $500K idea. That is a recipe for seeing all our farms become corporate owned.

The purchase price of a farm may be a well over a million, but that all to often that has no relationship to it's earning capacity. Often it can only supply a living income long term if debt free. Unless it can be left intact to a single descendent it would only be corporations that could buy it.

I know a number of properties valued over 1.5 million, where the income is marginal to support a youngish farmer, & his retired parents. This is often the case, even when the so called retired aging farmer provides labour at planting & harvest.

Are you suggesting that someone leaving a 2 million farm should surrender 1.5 mill in death duty? I can imagine some I know, who are fourth generation on a property would rather destroy the place than do that.

Hell mate, many city homes sell for over a million. Do you really think half of this would put to better use by governments, or dreamers like our author?

I would say, from our recent experience with governments spending our money, we should keep as much as possible out of their grasping hands.

Hasbeen.....Are you suggesting that someone leaving a 2 million farm should surrender 1.5 mill in death duty? I can imagine some I know, who are fourth generation on a property would rather destroy the place than do that.

No, that's not what I said, I clearly said $500,000 PER SIBLING. Now in further consideration of farming, perhaps this is one sector that could be exempt, or at least subject to a much lesser tax.

Now on the subject of 1.5 million being left for death duty, no, that's not what I am suggesting, what I am suggesting, in the event that a couple leave $2mil in assets with only one beneficiary, then that beneficiary gets the $500K and the remainder gets taxed at a rate to be determined. But only if the asset is family owned, not a company, nor a trust, as the tax credits for that asset have already been realized and you just can't have two bites at the cherry.

Now if the asset is a business, which is not sold, then any profits should also be subjected to inheritance tax because after all said and done, the inheritors have not actually paid for that business. The Packers and Murdocs of the world are classic examples of this. It's often referred to as , 'born lucky'.

Now, once the tax is paid, then the balance goes to the beneficiary/s.

This would raise additional taxes, without asking tax payers who are already stretched, to dig even deeper.

By the way, this system if implemented would effect me personally, as most of my assets are in trusts, so it not all about me.

As for your previous post, to Karl, well said!

Here we sit awaiting with baited breath the decision of cabinet to
build the Badgeries Creek airport.
Multi gigadollars are to be spent building something and they have not
even considered the most fundamental parameter for the running of
airports, ie whether the passenger traffic expected will be able to
afford the air fares that will be necessary to operate an airline.

Air fares by 2025, the completion date, will have been forced up to
levels by fuel prices that travelers will mainly comprise CEOs of big
business and politicians. The likes of you and me will not be air travelers.

It could of course mean that Kingsford Smith at Mascot would be
largely redundant and all air traffic could be moved to Badgeries.
Air passenger traffic is now 15% lower that the 2009 projection.
Airlines are either going bankrupt or are merging, these are the signs
of decay.
Geoff Dixon, past QANTAS CEO has said that airlines are finished.

interesting the BAGGERY CREEK LAND GRAB
http://rss.infowars.com/20140414_Mon_Alex.mp3

recently they tried thec same in ysa for a solar plant
and the land owners won..see globally their taking farmers off farm land..[that and driving PEOPLE off their laND BY WAR

ANYHOW THIS IS LIKE BIGGER THAT WHEN MOSUS LEFT EGYPT
OR THE EURIKA STOCKADE..bagger creek..will that be militarily TAKEN OVER

A LAST STAND.LIKE HIGH NOON?
really what is tHE VALUE WE are sacking looting pillaging and plundering..a living example..just before the bubbe burst

it began here/of we win..this is why WE CHOSE TO Be born..in thESE TIMES

http://rss.infowars.com/20140414_Mon_Alex.mp3