Indy, I never used NG to purchase property, live in it, pay the mortgage, move out, purchase second property, use income from rent to help pay new mortgage. If we lose our rent income, our income will fall to around $300/week, most come from the wife's NZ supa payment of $900/mth. Will have to draw cash from our liquid investments. Sold up our residence In Sydney, moved to Brisbane, purchased house in Brisbane. I would say you, if single allowed $250K in bank, plus about $170/ftn in income, assets of over $2 million. You get rates, power, water, public transport, reductions, pharmaceutical @ $5.60, not $40 each. Come off it Indy, aged welfare, many are on a very good wicket.

This years payment to the aged of well over $20 billion, will mostly come from government borrowings, not from an imaginary pile of cash you invented to justify the taxpayer largesse that you receive.

Dear individual,

You charged; "So, in actual fact YOU ARE the welfare jockey here, not us Pensioners !"

You are as bad as mhaze.

Mate I have worked for myself for most of my life and literally have less than $1,000 in super. Our rentals are all positively geared and they have been that way since we purchased them.

Anyone who claims anything you have to continually write losses off on is a sound investment is kidding themselves. Rather it is a speculation. Happy to be judged a parasitic class by virtue of the fact we are landlords but I am most certainly not a welfare jockey.

If circumstances were to radically change and I end up receiving some form of government payment then so be it. I am most certainly not going to judge people for doing so because there but for the grace of god so to speak.

SR,

"Warren never claimed she was Indian"

Which makes it hard to understand why she apologised to the Cherokee nation for falsely claiming she was a Cherokee. You are just incorrigible SR, simply incapable of admitting error irrespective of how obvious it is.

Paul,

"we have been dragged into US wars of aggression in Asia"

Well I'm not sure which Asian wars you refer to but for most of them we were as much the dragger as the draggee.

Indi,

"They took our money and used it elsewhere. They forgot (oh yes, they knew) that it was OUR money they were taking."

There was never a pension fund. There was never any 'investment' of taxes to cover a pension. I don't know where you get these notions.
A portion of taxes was never set aside by governments of any colour to cover your retirement. And the reason is that people like you and those of that generation didn't want that to happen. They wanted (and still want) governments to spend ALL the taxes now. If we wanted governments to set aside funds for the future we would have voted for such governments. But we never did. Not only didn't we want governments to set aside funds, not only did we want governments to spend ALL taxes on us now, we wanted governments to borrow more and spend that on us too.

In the words of Peter Walsh, once described as the last true socialist to be elected, "We [the government] spent everything we got. Then we went and borrowed another 5% and spent that too." He fought valiantly as finance minister to stop that, but alas, failed. Why? Because people of our generation didn't want to save for the future. And we didn't want the government to save for the future either.

Dar mhaze,

Do we really have to go over this again?

Warren apologised for being goaded by your buffoon of a president into doing a DNA test.

“The Cherokee Nation and other Native American activists criticized her for reducing their identity to a DNA test”

“Senator Warren has reached out to us and has apologized to the tribe," Julie Hubbard, the executive director of Cherokee Nation Communications, said in a statement to NBC News. "We are encouraged by this dialogue and understanding that being a Cherokee Nation tribal citizen is rooted in centuries of culture and laws not through DNA tests. We are encouraged by her action and hope that the slurs and mockery of tribal citizens and Indian history and heritage will now come to an end."

http://www.nbcnews.com/politics/2020-election/elizabeth-warren-apologizes-cherokee-nation-over-dna-test-flap-n965921

Bloody hell you really do have to stop inflating and lying about these things. It not only make you look like a turkey but to be willfully deceptive on a constant basis must be very wearying.

As to laying into individual that is bonkers too.

The Future Fund was set up to pay for the retirement benefits of a certain sector of Australians. "The fund began with $60 billion and the goal of meeting the retirement benefits of public servants and Defence personnel by 2020." So governments can and do exactly that.

The Superannuation system was also forced saving into retirement funds it was just that these were left to be preyed upon by a parasitic private sector. There are some very rich people who have benefited enormously.

It would have been far more efficient and equitable to have a future fund serving all Australians, but this never happened.

SR,

"Do we really have to go over this again?"

Well probably not but its just such darn fun watching your continued twisting and turning to avoid admitting error.

"Sen. Elizabeth Warren said Tuesday that she was sorry that she identified herself as a Native American for almost two decades, ..."

As to indi, he wasn't talking about the Future Fund but about some fictitious arrangement where 7.5% of taxes were supposedly set aside for pensions. No such thing existed.

It didn't exist because our generation demanded that government spend 105% of all taxes collected in the present rather than set it aside to cover future pension commitments.

Hi Steele, I have given Indy a bit of stick for sometime about the fact he receives welfare in the form of an Aged Pension. More because he attacks other Australians who receive welfare benefits like Newstart, which is much less than his pension. To justify himself he invented this business that he does not receive welfare, but some imaginary appropriated pension. This appropriated pension idea was an ideal of 50 years ago that was unfortunately never met. Politicians much preferred to give voter friendly tax cuts, or instant expenditure on vote winning niceties, while promising debt free budgets.
You said; "The (national) Superannuation system was also forced saving into retirement funds it was just that these were left to be preyed upon by a parasitic private sector. There are some very rich people who have benefited enormously." I could not agree more.

I do not oppose the pension as such, in fact NZ has a much fair system of national superannuation for all. Its lower than the Aussie pension, because its universal.