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Australia is really crap at looking after it's older citizens; the data contradicts many articles
Topic Started: 29 Aug 2015, 09:55 PM (2,271 Views)
peter fraser
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ThePauk
30 Aug 2015, 08:19 PM
Show me some example of your intelligence and stop asking such stupid questions.
$1 million or $5million, your argument is the same.
They are only worth $1, if they only have a home and $1, correct?
So you don't have one example then.
Any expressed market opinion is my own and is not to be taken as financial advice
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stinkbug
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This thread shows why working and investing your way to wealth is important so you can fund your own retirement. Imagine being reliant on the pension and some small savings and having younger people who never lived through wars, depressions, recessions, rampant inflation and ultra-high interest rates working out whether to vote away your ability to eat.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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ThePauk
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peter fraser
30 Aug 2015, 08:48 PM
So you don't have one example then.
Of a stupid question, why yes, yours....
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peter fraser
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ThePauk
30 Aug 2015, 09:19 PM
Of a stupid question, why yes, yours....
You keep mentioning an old age pensioner in a $5M house yet you can't find any examples or data to support that comment.
Can you.

So if there are no examples or data, then this is either a non-existent problem or the small numbers make it an insignificant issue.
I don't want my tax dollars eaten up on crazy witch hunts looking for a needle in a haystack just to please some crazy obsessed misguided and poorly informed social architect.
Edited by peter fraser, 30 Aug 2015, 09:34 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
30 Aug 2015, 09:31 PM
You keep mentioning an old age pensioner in a $5M house yet you can't find any examples or data to support that comment.
Can you.

So if there are no examples or data, then this is either a non-existent problem or the small numbers make it an insignificant issue.
I don't want my tax dollars eaten up on crazy witch hunts looking for a needle in a haystack just to please some crazy obsessed misguided and poorly informed social architect.
"Economist Stephen Anthony is among those advising the Government to consider a pensioner's primary residence.
"If you included a means test, and only pay the pension to someone who had a house worth less than $1 million ... you would save $1.2 billion right there," he said.
http://www.abc.net.au/news/2014-04-15/wealthy-pensioners-fear-they-will-be-targeted-in-budget/5390130

"A report from the National Centre for Social and Economic Modelling has found that taxpayers are footing the bill for $800 million a year to households with a net worth of at least $3 million."
http://www.abc.net.au/worldtoday/content/2015/s4181497.htm

"A less radical option, such as the National Commission of Audit’s proposal that homes above $750,000 be included in the asset test for couples and $500,000 for singles, would raise about $3bn to $4bn from reduced pension payments."
http://www.theaustralian.com.au/national-affairs/millionaire-pensioners-collect-3bn-a-year/story-fn59niix-1226908124500

Keep asking Peter, as you will win the most stupid of the day I am sure...
Edited by ThePauk, 30 Aug 2015, 09:47 PM.
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Black Panther
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ThePauk
30 Aug 2015, 09:44 PM
"Economist Stephen Anthony is among those advising the Government to consider a pensioner's primary residence.
"If you included a means test, and only pay the pension to someone who had a house worth less than $1 million ... you would save $1.2 billion right there," he said.
http://www.abc.net.au/news/2014-04-15/wealthy-pensioners-fear-they-will-be-targeted-in-budget/5390130

"A report from the National Centre for Social and Economic Modelling has found that taxpayers are footing the bill for $800 million a year to households with a net worth of at least $3 million."
http://www.abc.net.au/worldtoday/content/2015/s4181497.htm

"A less radical option, such as the National Commission of Audit’s proposal that homes above $750,000 be included in the asset test for couples and $500,000 for singles, would raise about $3bn to $4bn from reduced pension payments."
http://www.theaustralian.com.au/national-affairs/millionaire-pensioners-collect-3bn-a-year/story-fn59niix-1226908124500
Your an oldie hater. Its obvious.

Whats wrong, didn't Mum and Dad give you enough love ?

Now you demand Soylent Green !

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peter fraser
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ThePauk
30 Aug 2015, 09:44 PM
Keep asking Peter, as you will win the most stupid of the day I am sure...
Do you have any examples or data on pensioners who own houses valued at $5M as you claim?

That's a reasonable question, but you have no answers, yet you keep mentioning this scenario.
Any expressed market opinion is my own and is not to be taken as financial advice
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