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Recovery of Pension Expenses; Confiscate the family home to repay the debt to the taxpayer
Topic Started: 21 Aug 2014, 04:35 PM (2,203 Views)
zaph
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ThePauk
21 Aug 2014, 05:42 PM
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!
kill them
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vdmruss
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The only answers I got so far are fallacies.
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"
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herbie
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vdmruss
21 Aug 2014, 05:09 PM
I am not again pensions overall. I am against providing welfare to those that are able to fend for themselves.
And I'm against providing welfare to those who've pissed their money up against the wall all their lives - So can't provide for themselves.

Takes all types hey?

But one reasonable solution would seem (to me) to give everyone the same minimal pension entitlement in their dotage - Just why shouldn't Gina Rinehart get a few of all the tax bucks she paid over the years back? When those who've paid squat taxes over the years are still lining up to get even more handed out to them?

Hmmm - Because they need it and she doesn't ... Yep, I hear you.
You're a Socialist and I'm not is probably the best overall assessment of our differing views on this issue?
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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vdmruss
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herbie
21 Aug 2014, 06:00 PM
And I'm against providing welfare to those who've pissed their money up against the wall all their lives - So can't provide for themselves.

Takes all types hey?

But one reasonable solution would seem (to me) to give everyone the same minimal pension entitlement in their dotage - Just why shouldn't Gina Rinehart get a few of all the tax bucks she paid over the years back? When those who've paid squat taxes over the years are still lining up to get even more handed out to them?

Hmmm - Because they need it and she doesn't ... Yep, I hear you.
You're a Socialist and I'm not is probably the best overall assessment of our differing views on this issue?
"And I'm against providing welfare to those who've pissed their money up against the wall all their lives - So can't provide for themselves." - What is this group you are referring to?

I've never been called a socialist before. :bl: In fact, most consider me about as right as you can get. :dry:

At this point, my money is confiscated and handed over to those that are deemed to need it more than me. How the hell am I a socialist?
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"
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peter fraser
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ThePauk
21 Aug 2014, 05:42 PM
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!
Everyone with more than one dollar should have their assets stripped and given to the state, and their flesh fed to wild dogs.

Or we could just tax everyone fairly during their working life and then leave them alone with what they have managed to accumulate.
Any expressed market opinion is my own and is not to be taken as financial advice
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herbie
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vdmruss
21 Aug 2014, 06:12 PM
How the hell am I a socialist?
So you would favour paying Gina Rinehart the same non-asset tested/non-income tested aged pension as everyone else then?
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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vdmruss
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herbie
21 Aug 2014, 06:20 PM
So you would favour paying Gina Rinehart the same non-asset tested/non-income tested aged pension as everyone else then?
No.

Pension should be a form of welfare for people that have no ability to work that also do not have the means to take care of themselves.

You are not required to sell your assets to the state or be stripped of what you have earned. Under my system, you would simply consume those assets to live within your means.
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"
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herbie
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vdmruss
21 Aug 2014, 07:02 PM
No.

Pension should be a form of welfare for people that have no ability to work that also do not have the means to take care of themselves.

You are not required to sell your assets to the state or be stripped of what you have earned. Under my system, you would simply consume those assets to live within your means.
Then to return to my original question "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?"

With another question being "Just why would it break your heart so much to give Gina back threepence of all the tax she paid over the years just so you can presumably give all those who've paid squat taxes over the years/pissed their income over the years up against the wall, just a tiny bit more?"
Edited by herbie, 21 Aug 2014, 07:20 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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miw
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herbie
21 Aug 2014, 05:09 PM
We can call it "The Necrophiliacs' Tax" maybe? ... :)
Obviously you had the same horrible vision as I did when you read Peter's post.

That's spooky Herb and I don't like it.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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zaph
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vdmruss
21 Aug 2014, 07:02 PM
No.

Pension should be a form of welfare for people that have no ability to work that also do not have the means to take care of themselves.

You are not required to sell your assets to the state or be stripped of what you have earned. Under my system, you would simply consume those assets to live within your means.
Means testing the state pension is a relative new thing
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