Hasbeen,
yeah, but the most frustrating part is the lack of Telstra's coverage. Anyhow, re old age pension, why is it that they worry about the pension being too costly whereas Superannuation costs three times more AND is massively subsidised for high salary earners ?

pseudo-individual & Hasbeen,

Just keep bringing in millions of cashed up Chinese. You'll be right.

The Great Reset is coming. Pensioners will starve as the immensely rich gobble up their meagre payments and 're-distribute' them among themselves. The fortunes of the politicians and the rich will be more 'sustainable' without old people, small and medium sized businesses, and private ownership of property confine to the few.

ttbn,

Soot and Dazza's gal plan to replace them with cashed up Chinese.

One of the reasons I now refer to Soot & Dazza's gal as the epitome of evil.

Individual: "Superannuation costs three times more AND is massively subsidised for high salary earners", how the hell did you come up with this rubbish?

The reality is that high income people may get taxed EXTREMELY heavily for their super contributions. The government has limiting caps on how a much person may contribute before they get taxed for making contributions. But don't take my word for it, here is an ATO web page that explicitly states this in the very first paragraph: http://www.ato.gov.au/Individuals/Super/In-detail/Growing-your-super/Super-contributions---too-much-can-mean-extra-tax. Did you see the rate that excess contributions can be taxed at- a whooping 94% .
So when is comes to superannuation, the government makes money off the wealthy, it doesn't cost them money.

Also DEFINITELY NONE of the contributions of the wealthy are subsidised by the government. Only below average income earners may get government money paid into their super. This is the co-contribution scheme but the maximum amount someone can receive is not much, I think it's $500.

However what you may be getting confused about it that people may, under certain conditions, to some extent, reduce the overall tax they pay by making personal contributions to their super. But reducing your tax is completely different conceptually than having the government pay you money, even though at the end of the day you and the government under both actions may end of with the same amount of money.

Come on thinkabit, you've got to be kidding.

A mate of mine was a public servant, a sales tax investigator. No boot licker, he stayed at the same lower middle level most of his life. Then as always happens those above him started to retire. With each retirement he & his co workers started getting promotions to fill the gaps.

He received 11 promotions in his last 3 years, ending up very senior.

Now when he retired his government pension, as are all of them paid by us, was set at a percentage of his last 3 years average salary. With all those promotions, this meant his pension was well above his salary just 3 years before he retired.

The most overpaid people on Oz are retired public servants, & don't forget there are over a million of them.