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The Forum > General Discussion > Intergenerational Equity

Intergenerational Equity

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Hi again Trumpster,

"But its game plan is to divide the society into competing groups which it can then play off against each other for their, the left's, electoral advantage."

That is Trumpism all over, so are you saying your folk hero Dangerous Doctor Donald is a lefty? Just as you claim Adolf was a lefty because he had the word socialist in the Nazi party name. In my opinion the Horseshoe Political Theory holds true, moderates at the top centre, some being progressive, others being conservative, with extremists hard right and hard left at the extremes, but coming closer together.

On this topic there is a necessary debate in Australia about intergenerational equity. The debate centres around issues of housing, welfare, taxation and living standards into the future. As a member of the Baby Boomer cohort I have done well from the system, and my expectations in life have been met. Many young people believe they are being asked unfairly to contribute to an already over indulgent cohort, the Baby Boomers, whilst having little prospect of obtaining the same benefits in the future for themselves.

Is it fair that a young person paying income tax, having no prospect of owning their own home one day, pays a tax subsidy like negative gearing to a landlord who owns 30 houses, and the young taxpayer has to pay sky high rent for one of them. Hardly seems fair.

You'll hate this. My wife who owns a unit outright, in inner Sydney, lets it for $100/week less than what the agent said it should be, but she only rents it to overseas students. There were 3 Indian girls going to Uni at one time, handy to shops and public transport, short distance to Uni, ideal for students. Her argument is she is getting the capital gain, and we don't need the extra $100 week, so she tells me.
Posted by Paul1405, Wednesday, 6 May 2026 6:19:25 AM
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South Africa is a good example of what can happen when you look for a scapegoat and ignore all else. Every problem there was the fault of the colonisers (mostly white people). Now who do you blame now that the colonisers have long gone and corruption and mismanagement are rife? Some still think Mandela a hero, not the bloodthirsty communist that he was. He should be remembered for his use of necklacing to deal with rivals.

https://youtu.be/7LWdR0kIhCk?si=6XmDKCcr3llIcInj

As with SA, the issues detrimental to living standards are ones of mismanagement and corruption. You might start with net zero/renewable energy, the NDIS, indigenous spending, productivity reform, curbing the ballooning public sector (twice as many public servants as Japan, for example), mass-migration, the nuclear ban, and the control of mining/exploration by political activist lunatics.
Posted by Fester, Wednesday, 6 May 2026 7:00:38 AM
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Just when we think Albanese couldn't get any lower, he comes up with elder abuse. Not just the relatively few wealthy elders, but all of them.

The ones who go without other things so that they can afford health cover.
The ones who struggled through Keating's 18% interest rate.
The ones balloted in to fight in nothing to do with us civil war Vietnam.
The ones who went without luxuries to pay off their mortgages early.
The ones who lived on one income and stayed home to raise their own children.
The ones whose often meagre savings, plus property will go to those children.
The ones who made Australia what it was before Albanese popped out of the slime.

“The only way in which you can redistribute wealth effectively is by destroying the incentives to have wealth”. (Milton Friedman).

Of course older generations are wealthier than younger ones. It takes decades to acquire wealth - most of which will cease to be inherited by the young after Albanese has stolen it, and or, the smart ones hide it or blow it on themselves, and to hell with the young, who are mostly responsible for their own problems because they neither respect experience nor old people.

Parents have a legal duty towards their children until the children reach adulthood: 18 years of age.

What happens after that is up to individual families. Not Albanese, who will never stop blaming other people for his own incompetence and ultra-left ideology.
Posted by ttbn, Wednesday, 6 May 2026 8:56:34 AM
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"being in a Super Max Prison cannot be considered as having your own home."

As usual, when Paul can't approach an issue with any intelligence, he decides that playing the fool is a good substitute.

"That is Trumpism all over, so are you saying your folk hero Dangerous Doctor Donald is a lefty? "

Paul does this all the time. He doesn't dispute that what I said about the ALP trying to divide society for electoral gain is true, but just claims, without evidence, that the other side does it too. So he back-handedly agrees with my point..... which makes me think I might be wrong </grin>

"You'll hate this. "

Why would I hate it? Why should I give a second thought to your wife's charitable acts
Posted by mhaze, Wednesday, 6 May 2026 9:13:42 AM
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The older people Albanese wants to screw over to get young votes - 50% of them at least - say that their financial situation has declined in just three months. (Pulse)

“For every older Australian living comfortably, there’s another counting every dollar, skipping meals, or even putting off healthcare”.

By the time Albanese can't get anymore out of them, the younger generation whining about old people will be paying even more tax for the age pensions that oldies will have to fall back on.

Note well the Milton Friedman quote.

Only 33% of middle class oldies were better off, and only 18% of those “better off” under the Jolly Roger flag of the pirate Anthony Albanese.

It's a wonder Albanese hasn't replaced the 3 flags he yaps to us in front of with the Jolly Roger. He is certainly ‘rogering’ us.
Posted by ttbn, Wednesday, 6 May 2026 9:46:08 AM
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Hi Trumpster,

One thing that can be relied on is lack of humour from those old conservative narks, always pessimistic, always negative.

I was thinking you get a little upset with aliens such as Indian students. Don't want them here, the wife is helping them to stay. Shocking state of affairs!

Hi ttbn,

Milton Friedman, dead 20 years, died at the age of 94. A bit of ancient history like all that other guff about old Keating, the Vietnam War and women barefoot, pregnant and in the kitchen. You've got to stop living in the past, and wake up to what is a whole new world, or you'll be joining Milton up there in the clouds.
Posted by Paul1405, Wednesday, 6 May 2026 6:33:19 PM
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