The Forum > Article Comments > Paying for our old age > Comments
Paying for our old age : Comments
By Bill Richmond, published 23/9/2008How are people going to fund their old age, and where does government and the pension fit in?
- Pages:
-
- 1
- Page 2
-
- All
The Howard government as a follow on, then perpetuated this myth(explored by Dr Richmond in this article), that the the present/future taxation base system could not support an expanded age pension scheme as more elderly lived longer lives. What a furphy!! its a fact of modern living that the taxation/revenue base is continually expanding & quite easily could accommodate the aged pension well into the foreseeable future. Dr Richmond conveniently forgets all about the GST, when he states aged pensioners do not pay tax, which presently at 10% is one of the lowest in the western world, including the US. This country can well afford to pay all types of pensioners a living wage, without any hardship whatsoever to the younger population, or, perceptable difference in their living standards. I would also remind professional economists that a measure of society's civilisation is how they treat
the less fortunate members of their society.