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69% of Australian Retirees expect to leave a very significant inheritance to their children; HSBC Survey
Topic Started: 21 Sep 2014, 11:17 PM (11,744 Views)
Sober
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herbie
22 Sep 2014, 11:31 AM
Gov could overcome all the hassles by just removing the assets and income tests on the aged pension:

"You are an inherently valued elder member of our society; Thank you ... Here's your pittance. Enjoy!"

And indeed, most high-income countries have no means test for basic pension eligibility; Australia is a "mean" outlier on the issue.

Bill Gates is eligible for Social Security in the US. And there is practically no agitation to change that; instead the overwhelming political consensus is to preserve the universality of this core retiree benefit. If a given oldie has other assets or income streams to enjoy as well, so what?
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ThePauk
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herbie
22 Sep 2014, 12:25 PM
Your proposals do nothing to genuinely affect the rich.

They impact the middle class - negatively of course.

So all they would achieve is to make the middle class poor as well.

Then you'll have a society in which there is no middle class - Only rich and poor. (Until such time there's a Socialist revolution - Then everyone can be poor.)

But in the interim, I'm going to bark about your plans to destroy the middle class.
Herbs
Once again. 'Your proposal' sounds like trolling. I support the policy as determined.
Middle class would not be harmed much by inc the PPOR into the asset test.
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Sober
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ThePauk
22 Sep 2014, 12:29 PM
Middle class would not be harmed much by inc the PPOR into the asset test.
You have not made the case for harming them at all.

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herbie
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ThePauk
22 Sep 2014, 12:29 PM
'Your proposal' sounds like trolling. I support the policy as determined.
Alright, the proposal that you support then.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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ThePauk
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herbie
22 Sep 2014, 12:34 PM
Alright, the proposal that you support then.
Thanks Herbs
Raising the GST, inc the PPOR into the pension asset test, expanding the PLS are not 'my' ideas at all.
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herbie
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ThePauk
22 Sep 2014, 12:29 PM
Middle class would not be harmed much by inc the PPOR into the asset test.
A fifteen plus year retirement where the proposal negatively impacts them by over $20K pa on which compounding interest is charged isn't 'much'?
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Sober
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ThePauk
22 Sep 2014, 12:36 PM
Thanks Herbs
Raising the GST, inc the PPOR into the pension asset test, expanding the PLS are not 'my' ideas at all.
So what? You clearly support them and advocate for them.

And you admit they will cause the middle class harm.
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ThePauk
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herbie
22 Sep 2014, 12:37 PM
A fifteen plus year retirement where the proposal negatively impacts them by over $20K pa on which compounding interest is charged isn't 'much'?
Herbs
I would not call someone who has a PPOR with a VG amount over $500k, middle class at all. Note, this is the land value only and does not include the house.
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peter fraser
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ThePauk
22 Sep 2014, 12:36 PM
Thanks Herbs
Raising the GST, inc the PPOR into the pension asset test, expanding the PLS are not 'my' ideas at all.
It sure seems like it -

Quote:
 
willynilly

March 13, 2013 at 2:25 pm

No Peter.

I want women to have the choice. I said nothing about preferring them to stay at home, that was your words and yes, over 65′s who are outright owners and on full pensions, should be taxed more. No argument there and GST to 20% will do that.
Glad you are finished and that’s for the heads up about banks not asking about family plans. It was most useful indeed and something I will pursue politically, regardless of your strawman arguments.


http://www.macrobusiness.com.au/2013/03/englobo-ii-melbournes-land-banking-racket/#comment-223334

topic - http://www.macrobusiness.com.au/2013/03/englobo-ii-melbournes-land-banking-racket/

Do you want me to find some more quotes like that? I'm quite sure that I can.

Edited by peter fraser, 22 Sep 2014, 12:47 PM.
Any expressed market opinion is my own and is not to be taken as financial advice
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ThePauk
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peter fraser
22 Sep 2014, 12:46 PM
Peter
You are trolling.
I certainly have supported raising the GST for some time now, nothing new in that and your posts prove nothing apart from that.
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