What if we were to recover pension costs from the estate upon death?
I.e. Your pension payout is tracked and accumulated (with nominal interest, of-course) similar to a HECS debt. You receive a regular statement that shows your pension cost accumulation.
At death, the pension cost is recovered from the estate. The rest is is inherited.
All assets are means tested before qualifying for a pension.
Good? House(s) and other assets are sold to recover the cost to the taxpayer. Seems fair.
Let me assure you that this isn't one of those shady pyramid schemes that you've been hearing about. No sir, our model is the Trapezoid which guarantees each investor an 800% return within hours. Those who can, do. Those who can't, teach. "It's an itchy blanket, it's designed to remind you how lucky you are"
What if we were to recover family tax benefits costs from the estate upon death?
I.e. Your FTB payout is tracked and accumulated (with nominal interest, of-course) similar to a HECS debt. You receive a regular statement that shows your FTB cost accumulation.
At death, the FTB cost is recovered from the estate. The rest is is inherited.
All assets are means tested before qualifying for a FTB.
Good? House(s) and other assets are sold to recover the cost to the taxpayer. Seems fair.
What if we were to recover pension costs from the estate upon death?
I.e. Your pension payout is tracked and accumulated (with nominal interest, of-course) similar to a HECS debt. You receive a regular statement that shows your pension cost accumulation.
At death, the pension cost is recovered from the estate. The rest is is inherited.
All assets are means tested before qualifying for a pension.
Good? House(s) and other assets are sold to recover the cost to the taxpayer. Seems fair.
Why bother buying a house (or acquiring any other assets in your life), if at the end of the day, the State is just going to take them off you?
A Professional Demographer to an amateur demographer:"negative natural increase will never outweigh the positive net migration"
What if we were to recover Medicare costs from the estate upon death?
I.e. Your Medicare payout is tracked and accumulated (with nominal interest, of-course) similar to a HECS debt. You receive a regular statement that shows your Medicare cost accumulation.
At death, the Medicare cost is recovered from the estate. The rest is is inherited.
All assets are means tested before qualifying for a Medicare .
Good? House(s) and other assets are sold to recover the cost to the taxpayer. Seems fair.Just thought of an idea.
What if we were to recover road use costs from the estate upon death?
I.e. Your road use payout is tracked and accumulated (with nominal interest, of-course) similar to a HECS debt. You receive a regular statement that shows your road use cost accumulation.
At death, the road use cost is recovered from the estate. The rest is is inherited.
All assets are means tested before qualifying for a road use.
Good? House(s) and other assets are sold to recover the cost to the taxpayer. Seems fair.etc etc etc
What if we were to recover Medicare costs from the estate upon death?
I.e. Your Medicare payout is tracked and accumulated (with nominal interest, of-course) similar to a HECS debt. You receive a regular statement that shows your Medicare cost accumulation.
At death, the Medicare cost is recovered from the estate. The rest is is inherited.
All assets are means tested before qualifying for a Medicare .
Good? House(s) and other assets are sold to recover the cost to the taxpayer. Seems fair.
It is in your interest to accumulate as much assets as possible. The goal would be for your assets to generate enough wealth to take care of you in old age. Consider that superannuation is now at play.
In regards to Medicare, I don't see the problem here. Although I am of the opinion that minimum healthcare should be available - perhaps this is the only form of welfare our big brother should provide us with.
The only prerequisite to these models is that government and the tax department contract.
Quote:
Seniors lobby group, COTA Australia, has launched a campaign, ‘Hands off the Pension’, which calls for attention to the downfalls of the new pension indexation changes which start in 2017.
Let me assure you that this isn't one of those shady pyramid schemes that you've been hearing about. No sir, our model is the Trapezoid which guarantees each investor an 800% return within hours. Those who can, do. Those who can't, teach. "It's an itchy blanket, it's designed to remind you how lucky you are"
What if we were to recover pension costs from the estate upon death?
I.e. Your pension payout is tracked and accumulated (with nominal interest, of-course) similar to a HECS debt. You receive a regular statement that shows your pension cost accumulation.
At death, the pension cost is recovered from the estate. The rest is is inherited.
All assets are means tested before qualifying for a pension.
Good? House(s) and other assets are sold to recover the cost to the taxpayer. Seems fair.
We really do need a "Screwing Nanna on her death bed tax" It's our only way out of this terrible situation.
We will soon run out of dollars at this rate.
Any expressed market opinion is my own and is not to be taken as financial advice
We really do need a "Screwing Nanna on her death bed tax" It's our only way out of this terrible situation.
We will soon run out of dollars at this rate.
Why am I obligated to pay tax to take care of a person that is able to take care of themselves? Explain to me why my money is taken out of my pocket and handed over to these people? Is the justification that their children will not be able to inherit a property or other assets? What is the reason?
I am not again pensions overall. I am against providing welfare to those that are able to fend for themselves.
Let me assure you that this isn't one of those shady pyramid schemes that you've been hearing about. No sir, our model is the Trapezoid which guarantees each investor an 800% return within hours. Those who can, do. Those who can't, teach. "It's an itchy blanket, it's designed to remind you how lucky you are"
Why am I obligated to pay tax to take care of a person that is able to take care of themselves? Explain to me why my money is taken out of my pocket and handed over to these people? Is the justification that their children will not be able to inherit a property or other assets? What is the reason?
I am not again pensions overall. I am against providing welfare to those that are able to fend for themselves.
Very true, no pensioner living in any PPOR worth more than $1 million and with a million in cash, should get a full or part pension. Mad as batpoo!
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