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The Forum > General Discussion > We are stuffed

We are stuffed

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From Mr Google

9.5%
Your employer must contribute the standard 9.5% superannuation guarantee (SG) amount to your super. However, if you work for the Queensland Government and make standard member contributions, your employer will contribute up to 12.75% to your super, depending on how much you contribute.Jul 1, 2019
Posted by individual, Monday, 12 August 2019 7:03:20 PM
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SR.

*...You however think the whole show should just blow up leaving hundreds of thousands of Aussie families in critical negative equity facing financial ruin and the loss of lifelong savings. Disgusting...*

Your a nasty little self righteous git aren't you?

So you on the other hand, are quite comfortable in your superior self righteous role as lord of the manor.

That's why you and those like you, are the problem with the housing market.
Unfortunately, you have plenty of friends thinking exactactly as you do, they are politicians with housing Port-folios of multiple properties. Nothing is about to change.
So bang on safely dick. ( for the moment).

And yes, a pandemic is a brilliantly natural force of not only equalising inequality, something you take great pride in participating in, but forcing new innovations which, as they did during the plague in Europe, spread the good luck more evenly among the masses; and the bad luck equally too. That is called true equality!

Dan
Posted by diver dan, Monday, 12 August 2019 9:11:46 PM
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AC

You miss the point totally old mate.

Have you ever tried smoking a nicotine patch? No I haven't either, but if I needed a cigarette, I would smoke a cigarette.

97% of the homless smoke cigarettes.
So do you suggest then, homelessness is as easy to toss as giving up cigarettes?

The problem is a bit deeper than that son.

Nicotine has the same addictive hold as heroin addiction. Heroin addicts are catered for far more humanly than nicotine addicts.
And both commonly end up on the streets.

Dan
Posted by diver dan, Monday, 12 August 2019 9:33:30 PM
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Dear Diver Dan,

You write;

“Your a nasty little self righteous git aren't you?”

I'm sorry son but flagging the deaths of millions of people as a solution to what you perceive as the problem is way beyond nasty, way beyond self righteous and way beyond the rather disarming title of git.

However I am interested in the extent of your discontent so to speak. Do you judge anyone with a rental property as 'blood sucking rent gougers'?
Posted by SteeleRedux, Tuesday, 13 August 2019 9:19:47 AM
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'blood sucking rent gougers'?
Steele Redux,
Very, very few aren't ! They exploit Commercial Welfare to the fullest !
Posted by individual, Tuesday, 13 August 2019 12:55:25 PM
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I always thought the Accord was simply about cutting wages and inflation together, nothing to do with super.

The pension is more targeted 'welfare' than it once was and is likely to become more so as it becomes a greater burden on taxpayers.

Through increasingly stringent asset and means testing fewer landlords qualify for a pension, regardless of whether they have large mortgages over their assets, the way testing is applied (a persons nett position is not used to establish eligibility).

Being a landlord is a mugs game, and property purchase and ownership (rates and taxes) is a cash-cow for governments that is drying up as smart investors leave the market. Governments will need to build public housing and manage it, with all the cost and mess that entails anything governments do, and it'll be interesting to see where the rabbit is pulled from to achieve it.
Posted by Luciferase, Tuesday, 13 August 2019 1:43:43 PM
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