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The Forum > General Discussion > Is The Aged Pension Unsustainable Long Term

Is The Aged Pension Unsustainable Long Term

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I agree with a means test for those who were on top Income for most of their life & had no trouble procuring whatever they needed for a good retirement.
i also agree with the retirement aged raised to 70 for those who are in a physically demanding job however, those working outside in physically demanding work should be able to retire at 65.
Superannuation should be a voluntary contribution, not Taxpayer funded. The Old Age pension contribution is still 7.5% or so I was led to believe but it is no longer indexed, most likely to cover the fact that it is still being deducted. A slight lowering of bureaucrat salaries would free up billions also particularly if they're made merit based. There's enough for all, just simplify the distribution also on merit. Politicians included !
Posted by Indyvidual, Monday, 2 June 2025 10:31:18 AM
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Headline: “Ted O’Brien prepared to bargain with Chalmers on super”.

How jolly nice of him. But why? The rich people who will be initially subjected to the Socialists robbing them don't vote for the Liberals anymore.

The “deal” would be: “In return for this immense generosity regarding other people’s money, O’Brien wants Treasurer Jim Chalmers to drop his unrealised capital gains tax”.

Most of the people affected by capital gains tax no longer support the Liberals either.

Probably, the best solution for rich Australians is to follow their counterparts in the UK, leave the country.

Onya Ted. Ignore the valid objections to compulsory superannuation, and support the Socialist concept. No wonder the Liberals have only 28 seats, all thanks to preferences, not because voters wanted them.

Helping the Socialists to rip more revenue off super makes the Liberals as greedy as said Socialists, the reason why Hell will freeze over before Teddy and his little band will be back in government.
Posted by ttbn, Monday, 2 June 2025 12:07:51 PM
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There is no problem in giving - only in taking.

Grabbing the tax-payer's money who pay their taxes involuntarily, is shameful, and while anyone of any age should be legally allowed to draw a pension, this should be socially frowned upon and those who accept a pension ought to be named and shamed with people thinking twice before befriending them. Accordingly also, clubs and discretionary/luxurious businesses should put a sign on their doors: "No Pensioners".

Actually, public "servants" take even more of the tax-payer's money, so the above should apply to them as well!

If you don't have enough money to cover your basic needs, nor the ability to earn, then it is morally so much better to appeal to charities, where (unlike tax-payers) the donors receive divine merits for their charity.
Posted by Yuyutsu, Monday, 2 June 2025 12:49:40 PM
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I had cause to visit the doctor yesterday, I should have known better. There were 14 people in the waiting room when I arrived, I'd say a dozen were 70 plus, Zimmer frames and walking sticks everywhere. Its a bulk billing (for pensioners) surgery. I should have known the place would be swamped, when I saw the cut down golf cart parked at the front door. A paying customer like me had to wait an hour while the doctors dispensed all the freebees to the pensioners, there's $1200 of taxpayer money gone in an hour. Can't we have some sort of "bone factory" setup to deal exclusively with the medical problems of these non-paying older folk? I should include that in my Seniors National Service Plan. Agree?

Indy, you still prattle on about the non-existent 7.5%, it disappeared with spats and straw hats. Pensions are paid for from todays taxation and borrowings.
Posted by Paul1405, Tuesday, 3 June 2025 5:09:45 AM
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the non-existent 7.5%, it disappeared with spats and straw hats
Paul1405,
Really ! Why not provide a link to where it says it has been discontinued. btw. you're not a "paying" client, you're merely handing over money given to you from the taxpayers !
Posted by Indyvidual, Tuesday, 3 June 2025 6:29:22 AM
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Indy you are a crack up!

In 1946, a 7.5% tax levy was introduced in Australia to fund the Age Pension, known as the "National Welfare Fund". This levy was specifically designed to fund age pensions. However, National Welfare Fund legislation was repealed in 1985. HERE WE ARE 40 YEARS AFTER REPEAL, and good old Indy is still living off the five bob he might have contributed in 1946. Indy, I'd be on your side if you agreed with Socialism, you claim you don't, but you are happy to put your handout for taxpayer la graisse, every fortnight. that's Socialism, can't have it both ways.
Posted by Paul1405, Tuesday, 3 June 2025 12:26:42 PM
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