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Boomers Greed. 72% would rather spend their money than leave an inheritance.
Topic Started: 19 Sep 2014, 05:55 PM (7,148 Views)
skamy
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ThePauk
25 Sep 2014, 04:10 PM
Realising equity in the PPOR as opposed to paying pensions will save govt/taxpayers funds. Not sure why you do not get that?
Yes, I understand the delima with savings.
This is the same as an extra tax on the young and a big one at that. By the time an elderly person needs to sell their home for care the only person losing are his/her heirs.

Gen X and Gen Y will be in even greater number as they retire due to increasing immigration and better health care. Most people know that some day they will be old and most people look after their elderly if they can it is just life.

Your solution to every problem you see is more tax tax tax.

Your projections are projections, they assume people will live longer but work productively in the same manner as today this is a major flaw.
They also assume that costs are rising due to ageing, and appear to use this to project future health care needs. However the rise in health care costs due to aging is quite small as I have show in previous posts.

You spend a lot of time on here promoting increased taxation due to a fabricated view of the future.
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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ThePauk
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Scamy
So you do not think pensions or health costs will rise as this nation ages. What ignorance that is.
I am against tax rises for taxpayers to pay for millionaires to get a pension. Simple as that!
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Garden Variety
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peter fraser
25 Sep 2014, 03:02 PM
Frankly Paul I don't want to hand over my money to the state, I want to keep some control of how I end up and not let some public servant who doesn't know me make decisions for me, because people like you allowed him to take my money.
So I take it yer against all taxation then?
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peter fraser
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Garden Variety
1 Oct 2014, 09:49 PM
So I take it yer against all taxation then?
No
Any expressed market opinion is my own and is not to be taken as financial advice
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Garden Variety
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peter fraser
1 Oct 2014, 10:10 PM
No
I'm guessin the state prolly paid for ya education ... and you most likely have a medicare card ... both of with helped ya accumulate that wealth ... but still you want more?
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peter fraser
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Garden Variety
1 Oct 2014, 10:24 PM
I'm guessin the state prolly paid for ya education ... and you most likely have a medicare card ... both of with helped ya accumulate that wealth ... but still you want more?
I'm guessing that it did the same for you.

If you are too lazy to read the thread then I can't make up for that deficiency.
Any expressed market opinion is my own and is not to be taken as financial advice
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Garden Variety
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peter fraser
1 Oct 2014, 10:29 PM
I'm guessing that it did the same for you.

If you are too lazy to read the thread then I can't make up for that deficiency.
yeh well, i read it, but maybe I aint as smart as you ... I thought you were sayin millionaires should get the pension.

actually i dont have a medicare card, let it expire years ago ... still pay the tax tho! and only secondary education for me ... but i've done alright ... not a millionaire like you tho.
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peter fraser
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Garden Variety
1 Oct 2014, 10:39 PM
yeh well, i read it, but maybe I aint as smart as you ... I thought you were sayin millionaires should get the pension.

actually i dont have a medicare card, let it expire years ago ... still pay the tax tho! and only secondary education for me ... but i've done alright ... not a millionaire like you tho.
Your medicare card is ready for you if you choose to renew it, and if you've done ok with a free state education then you should stop complaining.
Any expressed market opinion is my own and is not to be taken as financial advice
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skamy
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ThePauk
25 Sep 2014, 05:52 PM
Scamy
So you do not think pensions or health costs will rise as this nation ages. What ignorance that is.
I am against tax rises for taxpayers to pay for millionaires to get a pension. Simple as that!
It is very difficult to be so sure about that as people have saved more, they work for longer etc etc. As the population has aged during my lifetime, what we have seen is more people staying in the workforce for longer and young people staying out of the workforce for longer.

The cost of end of life care may not increase that much. There may be huge improvements in health care but these will benefit everyone.
neither Germany nor Japan are doing too badly and they are much further down that demographic ride than Australia is likely to see for 100 years.


You seem to be taking a bit of scary talk designed to sell financial products too seriously IMHO.

What are your statistics of millionaires on government pensions?

So what about jobseekers allowance are they included in your bash and tax homeowners rants?




Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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Foxy
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Zero is coming...

It's just not as easy as it seems.....

http://www.forbes.com/sites/clareoconnor/2014/09/29/inside-the-3-billion-feud-tearing-georgias-rollins-family-apart/


Peter

The game constantly changes.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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