Peter Joe mentioned the $750k value and I am suggesting a $500k VG value.
80% of the boomers will require full or part pensions as they did not plan well and introduced comp super 20 years too late.
Once again, a comment like, 'my MB mates' makes me very suspicious of you.
Sorry to burst your bubble, but we are all selfish and greedy. What do you think SKIN is?
Outright ownership rates at 31% down from 46% is successive govts fucking it up.
People will vote it in as they see multi millionaires getting the full pension. I have faith in the younger generations who have a far greater social conscience than the boomers ever did.
I am not suggesting that we reduce the labor force at all. I am saying that the amount of jobs is finite and if all people remained in work longer, then something has to give and I suspect that is partly contributing to our high youth UE rate now.
Peter Joe mentioned the $750k value and I am suggesting a $500k VG value.
That won't work.
Quote:
80% of the boomers will require full or part pensions as they did not plan well and introduced comp super 20 years too late.
As occurred in the previous generations and probabkly the following generations.
Quote:
Once again, a comment like, 'my MB mates' makes me very suspicious of you.
Sorry to burst your bubble, but we are all selfish and greedy. What do you think SKIN is?
Speak for yourself, but most people are not greedy.
Quote:
Outright ownership rates at 31% down from 46% is successive govts fucking it up.
What on earth are you talking about?
Quote:
People will vote it in as they see multi millionaires getting the full pension. I have faith in the younger generations who have a far greater social conscience than the boomers ever did.
No they won't - you are completely delusional.
Quote:
I am not suggesting that we reduce the labor force at all. I am saying that the amount of jobs is finite and if all people remained in work longer, then something has to give and I suspect that is partly contributing to our high youth UE rate now.
The number of jobs alters daily, it's not finite at all. You are delusional.
So the boomers are greedy for wanting to spend their own money? - got it!!
ThePauk
19 Sep 2014, 09:30 PM
Most boomers feel entitled to the pension, regardless of the value of their PPOR and some are delusional enough to think that they are owed the tax paid during their working life back.
My parents are just retired and borderline boomer/silent gen. For half their working life they had a social contract that they would receive a state pension, no matter what when they retired. Younger boomers have expected for their entire working lives that their PPOR would not effect their state pension. I wouldn't call that delusional.
The key point to this is the money spent is money gone.
Next question is is it their money. In simple terms you may say it is, i am not so sure that is the correct view.
Well of course it's not their money to spend, Paul has just explained why it's everyone else's money but theirs.
Just because they paid off their house and saved a few dollars instead of going to the pub and TAB like many others, it doesn't give them one bit of right to determine how they should spend it themselves.
Greedy Boomers.
I'm going to make sure that I piss all of my money away in future so that I fit Pauls model. Rome, Rio, South of France, a few fast women and slow horses and I'll be there.
No more greed for me.
Any expressed market opinion is my own and is not to be taken as financial advice
Yep, just going through the selections on Gumtree right now.
I remember how Paul complained that he was annoyed by the caravans in a park near where he lives, so I'll try out all the parks on the Sunshine Coast for a start, in the Mt Coolum area.
It may be the only holiday that I can afford if Paul is going to tax what I have accumulated.
Any expressed market opinion is my own and is not to be taken as financial advice
I've never understood why people have such a bee in their bonnet about inheritence. Inheritence is about dividing what's left after some passes away. It should never be an expectation, or right, and it certainly doesn't belong to 'the kids' before the parents die.
I find the whole thing very distasteful. If people have worked and taken advantage of the opportunities afforded to them, then good on them. If they want to spend their money on a caravan and a car to tow it, good luck to them. It doesn't belong ot their children, it belongs to them.
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