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It's time for a Boomer Party : Comments
By Malcolm King, published 30/4/2014It's time for a Boomer political party. Not to look back in wistful nostalgia to days of flaired pants and campus sit-ins, but a new party that fights for intergenerational equity.
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'Those in greatest need of the aged pension remaining at 67 such as small business owners, manual labourers and women, will be hardest hit.'
Saddest of all is that the so-called Liberals were originally supposed to be the party that represented small business, the self-employed, the individual entrepreneurs. Now they're being sold out.
Small business people are either too busy, too overworked or too capital-strapped to build up decent superannuation. So too with manual labourers whose working life is marked by the insecurity of casual labour.
So too with women, especially those born before 1970, who were still brought up under the traditional system that measured a woman's worth almost entirely in terms of her role as a wife and mother. Not much chance of building a decent superannuation portfolio when your working life has been repeatedly interrupted in service to others.
Unfortunately, those who would be best equipped to start a Boomers Party are those who don't need it - the ones who have been on the right side of Keating's outrageously unfair superannuation system of the last 20 years. The ones who really need a Boomers Party will be too busy working into their 80s or till they drop, whichever comes first.