How will Australia fare over the next 40 years?

Here’s a breakdown of what it says and how will it affect your future.

Intergenerational Report released

After the warning that Australians ‘would fall off their chairs’, IGR4 has now been released. So what does it say – and how will it affect your future?

As Australia’s leading retirement website, we have prepared a brief summary of IGR4; its headline statements and Kaye's concerns about what is missing, as opposed to what has been reported.

Read the key sections for yourself

Full intergenerational report

What is the Intergenerational Report

Chapter 1: How will Australia changes over the next 40 years

Chapter 2: Government budgets over the next 40 years

Chapter 3: Preparing for the future

Intergenerational reports consider government spending and revenue over the coming 40 years, in conjunction with expected demographic changes.

They offer a great chance to spark public debate about our challenges, opportunities and priorities. Introduced by the Howard Government under the Charter of Budget Honesty Act in 1998, the first report in 2002 (IGR1) noted our ageing population and projected a five per cent fiscal deficit. This deficit was adjusted downwards in IGR2 and IGR3 to 2.75 per cent – entirely manageable. IGRs are authored by the Department of Treasury and, as such, contain reliable projections. This fourth report, however, has had projections altered and a chapter inserted to ‘compare’ the previous government with the current government based on previous projections, many of which may never have come to pass. 

Introducing the report, the Treasurer, Mr Hockey called on older workers to work longer – we now need this ‘grey army’ he declared. But academic analysis of the dependency ratio (how many people over age 65 ‘rely’ on workers aged 15-64) tells us that a ratio of 62.4 per cent in 2054-55 (compared with 64.6 per cent in 2014-15) is actually very stable when we consider the dependency ratio in the prosperous economic days of the 1960s was as low as 42.1 per cent (1966). As many commentators, including YourLifeChoices, have noted, Australia is actually travelling quite well when it comes to funding its older population. The real problem is that the narrow range of the IGR's projections does little to address the full picture of our revenue and spending possibilities.







Opinion: Politics kills policy 

When we were told the contents of the IGR would make us fall off our chairs, it was a heavy hint the Treasurer would use it for political purposes. He has.

As seen above, the IGRs are prepared by Treasury, but it is the prerogative of the Treasurer to put his or her own particular political spin on the document and Mr Hockey has had a field day with this one. Sadly, the document is now so politicised that any useful bi-partisan discussion of the challenges ahead is unlikely to occur. Yes, there are more older people living longer – good news. Yes, we need to tighten our belts. But even more so, we need to look at the revenue side of the ledger and at the tax forgone to appease the wealthiest members of our communities while legislation to further slash the meagre Age Pension sits in the Senate, waiting for Minister Scott Morrison to convince one cross bencher to agree to what will equate to an $80 per week cut in the full single Age Pension.

Now should be the time to consider retirement incomes in a holistic fashion. Just asking older people to work longer when there is 6.4 per cent unemployment is totally unrealistic. We need to review the three key pillars of retirement income – the government pension, compulsory superannuation and private savings – and analyse why, 40 years after the last baby boom – we are no closer to creating a sustainable and adequate retirement income system for ordinary Australians. And why our concessions on superannuation ($35 billion) will, in two years balloon out to $50 billion, overtaking spending on the Age Pension (currently $39 billion). Yes, of course the Age Pension could be better targeted so those with very deep pockets are not recipients. But cutting the rate of the single Age Pension when it is below the amount recommended by the Association of Superannuation Funds of Australia (ASFA).

As a ‘compact’ for all generations, IGR4 also takes the easy way out on climate change (a major emphasis in IGR3), noting how hard it is for Australia to influence a global phenomenon, but reassuring us that the current government continues to do it’s best. Really? I think our children and grandchildren deserve far better than this.

So when you‘ve pulled yourself up off the floor and are sitting comfortably in your chair, why not share your thoughts about the type of long-term budget strategies you think would be fair for most Australians – young, old and in between.

What about you? How will you be affected?





    COMMENTS

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    geomac
    5th Mar 2015
    4:33pm
    The govt said the Triggs report was biased and then produces this report ? Did the intergenerational report by Costello say that middle class welfare would be unsustainable ? The Howard/Costello structural deficit continues apace with this present govt except that it wants to punish the average citizen and their offspring while feather bedding the well off.
    particolor
    5th Mar 2015
    4:39pm
    "
    " By 2015 all Australian Pensioners will be living in Poverty !"
    Nice Speech Joe !
    Who'd You pinch that off ? :-(
    MICK
    5th Mar 2015
    7:09pm
    That you Bob?
    Kato
    5th Mar 2015
    10:26pm
    Talk about Tony whacking his foot in all the time. This goose Hockey is lining the elderly and poor up again. Tony said devoutly I have learned that the public don't like unfair policy change? I made a mistake it wont happen again he better tell smoking Joe. after all he is the guy that shafted him with his first budget. Howard would never have fallen for that.
    particolor
    7th Mar 2015
    7:57am
    Speaking of Fallen ! That Poor Bloke has been on the Floor there for 3 days now :-(
    Someone call an Ambulance !! See what a Joe Speech can do to You !! :-(
    particolor
    5th Mar 2015
    4:33pm
    Get Rid of the Stuff Shirt !! :-(
    Kato
    5th Mar 2015
    10:28pm
    Is that shirt Laundered at the taxpayers expense. Foreign laundry perchance.
    Ask them to increase the starch at the neck level.
    rina1213
    5th Mar 2015
    11:55pm
    Yes, neck level and crutch level please :-)
    particolor
    6th Mar 2015
    10:18am
    Crutched and pushed out with the rest of the Flock !! :-)
    Bobeye
    5th Mar 2015
    5:02pm
    Time for a Revolution and Civil unrest to show this mob we are not happy?
    particolor
    5th Mar 2015
    5:12pm
    That looks like the Bridge Over Troubled Waters ,Bob ! :-(
    TREBOR
    5th Mar 2015
    5:13pm
    Looks familiar - up the NSW coast somewhere?
    Adrianus
    5th Mar 2015
    6:14pm
    I think it's one built by General Monash in a small (pop. 80) Victorian town.
    Adrianus
    5th Mar 2015
    6:58pm
    On the Loddon river?
    MICK
    5th Mar 2015
    7:10pm
    He's baaaaaack........
    particolor
    5th Mar 2015
    7:27pm
    Heeeeers Jonnny !! :-)
    Bobeye
    5th Mar 2015
    8:32pm
    If you ever travel in Northern NSW on the Old Pacific Hwy, you will use this bridge to cross the Karuah River.
    I will be in the RSL to buy you a beer and argue on any subject you choose.
    TREBOR
    6th Mar 2015
    1:00am
    Good man, Bobeye. my number is 2146834.

    I feel a movement in the force....
    dougie
    6th Mar 2015
    9:10am
    Trebor,
    Looks like Macksville bridge to me!
    Abby
    8th Mar 2015
    4:10pm
    Bobeye
    Karuah River is just north of Newcastle
    So which RSL are you going to be in ..... seeing you are shouting thought I'd organise a busload of YLC members to head up your way,
    particolor
    8th Mar 2015
    4:20pm
    And Boy !! CAN THEY PUT THE PINTS AWAY !! :-) :-)
    Jezemeg8
    5th Mar 2015
    5:09pm
    Interesting, and I would love to be working still. However, I was retired due to disability, I began falling over more than the people I cared for, at age 45. I've applied for many, many jobs since; I am 'too old' & 'too qualified', jobs offered via the internet are usually dodgy scams. I've worked since age 15, part time until I left school, then full time until I had my first child, working part time during their early childhood, and then 18 hour days 7 days a week just to keep a roof over our heads and food on the table. I was retired 'disabled' on the same year that it was decided that people like me were entitled to superannuation, my 'golden' handshake was a princely sum of $1000.
    So here I am, as I've been the past 15 years, living the 'high life' on a single disability pension whilst I go out most nights to be with my friends among the street folk and homeless, listening to them, enjoying their company. I receive no payment for this, and sometimes I end up having to accept their hospitality when I become too unwell to get back home.
    Be interesting to see where Mr Hockey is going to find all these jobs.
    TREBOR
    5th Mar 2015
    5:15pm
    Good on you Megs for holding up there. Hockshop Joe has a hope in hell of finding any jobs with the current policy direction.
    particolor
    5th Mar 2015
    5:22pm
    What a Princely Sum !! :-( Joe spent that much on Tea last night and a Nice Havana !! :-)
    I get the same as You I think ? But I've found it is getting tougher to live on now, very fast too !! Nice to read Your letter :-) Look after Your Friends !
    Patriot
    5th Mar 2015
    7:58pm
    TREBOR
    Reality - unfortunately - is not part of the equation.
    Less for pensioners and more for the "Filthy Rich" is the "Game Plan"
    He is "Just warming us up" for the next budget I think.
    Kato
    5th Mar 2015
    10:30pm
    Yes Joe would have knocked that amount off for morning tea. Is it me but he looks like he has blown the diet. Stressed maybe? or sulky.
    buby
    6th Mar 2015
    5:14am
    thats exactly what it sounds like Patriot!!!
    Aurora60
    6th Mar 2015
    9:26pm
    how did you manage to get disability? I'm on my third application awaiting a decision!
    TREBOR
    5th Mar 2015
    5:12pm
    "We" need to tighten our belts? Who's this "we" Hock Man?

    "40 years after the last baby boom – we are no closer to creating a sustainable and adequate retirement income system for ordinary Australians".

    You hit the nail on the head there - the reason for many is social engineering and massive changes made in policies and in the focus of our economic activity, moving it away from production industry to 'service industry' - which later somehow suddenly becomes cheaper overseas as well.

    We need to shut the gates on many things, impose a price on offshored jobs if these are to bee considered as merely another asset in a marketplace, and seriously review the tax system so as to properly include tax where due. Treating all the same would be a start. I've mooted changes to superannuation before, and the ability to salt away excessive amounts should be curtailed beyond a certain point.
    TREBOR
    5th Mar 2015
    5:17pm
    I believe a tax should instituted for offshored jobs. If, for example, you run a call centre in Faroffistan and pay the locals two dullah one day, you should pay a tax for operating here and refusing work to locals.

    Those who do that won't run away.... they'll adopt to the price and the market like everyone else has had to do.

    Time to share the load.
    particolor
    5th Mar 2015
    5:28pm
    Time to get another Locomotive I think ?:-( That ones Stuffed !! :-( Made that poor Bloke come a Cropper off His Chair !!
    MICK
    5th Mar 2015
    7:12pm
    Yes TREBOR.
    The problem with the Baby Boomer cohort is that it is so large that you need an even larger group of gen Ys to pay fro pensions and look after us old farts. That is the real problem with human population: it relies on ever increasing numbers to keep the previous generation going.
    The Japanese have this right. We do not.
    Patriot
    5th Mar 2015
    8:02pm
    TREBOR
    You mean - make some of ther LEANERS into LIFTERS?

    Many of these companies are LEANING on our efforts for the last 50 years.
    Make them LIFT a bit and let offord to be able to LEAN a bit.
    After all, That's why we paid the extra contributions all our working life when the OAPensions were introduced.
    Kato
    5th Mar 2015
    10:23pm
    There are a lot of bloody leaners sitting on there fat asses in Parliament House.
    If Abbott Hockey, Corman and Pyne . Plus Jules have all the portfolio's between them then there is a lot of dead wood the taxpayer is funding.
    Kato
    5th Mar 2015
    10:32pm
    Malcolm in the middle is looking chuffed these day's like a steam loco full ahead.
    TREBOR
    6th Mar 2015
    1:04am
    Patriot:-

    Every person stands on the shoulders of the ones who came before....

    Apply that to companies and you have it right - they ALL stand on the shoulders of us all who have gone before.

    Without us they would never have had the chance to start up....

    That'll be double pension, thanks, JoeBoy!
    Anonymous
    8th Mar 2015
    5:17pm
    Cannot agree with you Mick. The Japanese do not have it right. They have a real problem now in their country...lots of elderly and not enough youngsters to support them.. They may have to open up the country to migration; something they do not want.
    particolor
    8th Mar 2015
    6:31pm
    Guess who will apply for Residency !! :-(
    fat
    5th Mar 2015
    5:17pm
    mp privileges should be abolished should get same pension as everybody else.have to go to centrelink when put out of the job if they want another one.all oversea travel should be at economy rates or pay themselves for upgrades.they are well paid now and should get enough out of super to live off.as most have a few thousands of dollars to start with and can get a good job after we sack them.
    TREBOR
    5th Mar 2015
    5:21pm
    Yes - it always amazes me that a politician in many cases can cop their retirement fund immediately after getting the boot, on the basis that they have somehow foregone an opportunity to get set in another job (wow - how many people get that chance when they get sacked?) regardless of the fact that they all immediately are slotted into some nice little earner for doing essentially buggar all, such as a board position on a QANGO.

    We hear how talented this lot are, lawyers and stuff - yet they seem incapable of going out and getting back into the practice they never really left anyway and need to be funded by the public over and over again.

    Totally absurd. On the dole, face the realities like everyone else has to,limitations on super hoarding while being overfed already, and no fat cash until pension age. Make that a retrospective thing.
    TREBOR
    5th Mar 2015
    5:24pm
    Oh - and a salary of $50k pa, and the opportunity to go back to their personal electorate and seek a package based on worth of their work from those who elected them. Such a move would cut out those who go into it for the money and perks, and start the dismantling of the very sick party system by forcing MPs to work for those who elected them and not sweep everything under the carpet of 'national/state issues'.

    How many pollies would be there for $50k pa and doing their service to this country?
    particolor
    5th Mar 2015
    5:46pm
    I think Chifley used to get 5 Quid Plus Petrol ?? :-)
    Yeah I know Ill get attacked for that !! :-)
    MICK
    5th Mar 2015
    7:14pm
    fat: read George Orwell's 'Animal Farm'...."all pigs are equal, but some pigs are more equal than others".
    I think Orwell was talking about our politicians. What a future vision!
    Blossom
    9th Mar 2015
    11:47am
    When the now late Sir Thomas Playford was in Parliament he used to drive his car from Norton Summit to the Govt. garage and use a Govt. car to go to Parliament. He considered it a waste of Govt. money to have a car go all the way up there to pick him up. Other than that he only used a Govt. car when going to official events. I know a person whose house he used to drive past to go to and from Parliament. He got in strife once when he didn't go to a Govt. meeting. He was helping to fight a bushfire and forgot the meeting. He also used to share a Govt. car which took another Member of Parliament who lived out the direction of the Govt. garage instead of an extra car being used. His wife used to catch the bus to the city to meet her husband to go to special events.
    particolor
    9th Mar 2015
    12:46pm
    What a Stuff Shirt He was !! :-( Dunstan made the State Go Forward ! I lived in Adelaide in them Days and He Reminded Me Of Peterson !! Police State !! Typical Lib !!
    :-)
    MICK
    5th Mar 2015
    5:20pm
    It appears that you may be correct Kaye. This looks like another stunt. Same people. Same (mis)conduct. Same attacks on anybody other than the rich who put this lying bunch of misfits into power.
    The jewel in the crown is that there are around 700,000 people looking for work and only around 125,000 jobs. That is the reality. So any older workers would be keeping job seekers out of work.
    Why does it not surprise me that the government funded trolls on this website are silent.
    particolor
    5th Mar 2015
    5:37pm
    Mick !! I think it left some People Speechless !!
    Do You Honestly think that 125,000 jobs are there ? I've seen NON Exiting jobs in the paper for Years now ??
    MICK
    5th Mar 2015
    5:59pm
    That is the number 'claimed' on a Four Corners report last week. The point is that there is an (at least) 475,000 job shortfall.
    Hockey is just another snake oil salesman who is not afraid of lying to the public and does not blink when he leaves out the relevant facts. Joe fits in well with the front bench. All tarred with the same brush from what I can see.
    heyyybob
    5th Mar 2015
    6:45pm
    Snake oil salesman ? Yes ! I like that :D
    MICK
    5th Mar 2015
    7:08pm
    Sorry....maybe I should have said 'snake'....but I didn't want to be rude....chuckle.
    particolor
    5th Mar 2015
    7:35pm
    Snake Oil Salesman.. Rude Crude and UNREFINED !! :-)
    particolor
    5th Mar 2015
    7:35pm
    Snake Oil Salesman.. Rude Crude and UNREFINED !! :-)
    Pass the Ductape
    6th Mar 2015
    6:34pm
    C'mon people! Tale as look in any local newspaper - there's always jobs about. Look....TAXI DRIVERS REQUIRED: here's another...TAXI DRIVERS REQUIRED and again ...TAXI DRIVERS REQUIRED, but wait there's more.... COUNTRY DOCTOR REQUIRED! Yes people, you can't fool Joe - the jobs are out there!
    particolor
    9th Mar 2015
    12:51pm
    TAXI DRIVER would be no good to me !! I Don't know a foreign Language and the LONG WAY THERE !! :-( Ill aply for the DOCTORS job though ! I know as much as My last Doctor ! Absobloodylutely Nuthing !! :-)
    wally
    10th Mar 2015
    8:13pm
    And in the "leaner greener" future, we will all be too old and feeble to drag rich foreigners around our capital cities in our rickshaws. But maybe that's the plan behind the plan in getting all us old geezers working again. We'll be expected to drop over dead in the middle of our rickshaw dragging and save the govt from having to pay our pensions!

    5th Mar 2015
    5:22pm
    Lets not have all you oldies whingeing and moaning from your purely selfish perspectives. The country has a problem - that should be undisputed - less workers funding more retirees - that is borne out by the stats - so how about we all take a collective cold shower and realize that we are no longer the lucky country - our luck went down the gurgler courtesy of dumb and dumber - aka Rudd and Gillard, who squandered our legacy from the mining boom. And lets do what our ANZAC forbears did, and dig in, and tough it out. This is no time for self interested, self obsessed whining!
    TREBOR
    5th Mar 2015
    5:28pm
    Good-o - how many new jobs will I put you down for? the problems with the economy go back over thirty years now - to the sudden influx of 40% more available workers through 'women's rights' - into a jobs market that could not and does not sustain that number of workers, and that move has also forced us into the Mandatory Dual Income Family Syndrome (MADIF) without which you are very fortunate to prosper in the current climate.

    Women's rights in that way has essentially destroyed the right of many to prosper. I'm not saying it wasn't the right thing to do - but it was not thought out in any real way, and the impact is clear in our current society in many ways.
    Macey05
    5th Mar 2015
    5:32pm
    What utter rubbish
    particolor
    5th Mar 2015
    5:40pm
    Which One Macey05 ?
    Macey05
    5th Mar 2015
    5:41pm
    Big al.
    particolor
    5th Mar 2015
    5:50pm
    Yep !! :-) I worked for 50 Flamin Years and Paid Top Tax !! So he can tighten his own Bloody belt till it Surrounds His Back Bone !! :-)
    mangomick
    5th Mar 2015
    6:09pm
    Well Big Al if there is less workers to fund more retirees then maybe the Government needs to have policies in place that create employment. You know ideas like insulating homes and fitting solar panels to roof tops. If people are retiring that must mean there's a job vacancy created so in reality we should have zero unemployment. As long as Governments encourage increased birth rates and maintain immigration numbers there should always be full unemployment. There's too many retirees and not enough workers because Government are selling our jobs down the drain. The problem is Government inflicted all in the name of chasing the low hanging fruit called mining and resources.
    particolor
    5th Mar 2015
    6:21pm
    All the Fruit at the Top of the Tree has now Gone ROTTEN !!
    Patriot
    5th Mar 2015
    6:45pm
    Big Al,
    Go back to sleep because - if you're for real ' you HAVE NOT GOT A CLUE".
    heyyybob
    5th Mar 2015
    6:46pm
    TREBOR - hit it right on the head mate !!
    heyyybob
    5th Mar 2015
    6:48pm
    YES Mango mick !! That orchard (low hanging fruit one) is about to shut down and that WILL be when the shite hits the fan, mate :(
    MICK
    5th Mar 2015
    7:54pm
    mangomick: you are right that there is a decreasing number of workers to pay for pensions and look after us old farts. And that is one of the drivers of population increase. The problem is that populations cannot increase indefinitely without us becoming another India.
    The Japanese have it right: population decrease. A bit tough on older people but this is in the interests of the country rather than in the interests of older people. Harsh perhaps but do retirees really want to see the nation over-run with a human plague or do we want to be an 'intelligent' species and not soil the nest?
    particolor
    5th Mar 2015
    9:07pm
    Id like to see You clean this nest now !! :-(
    Kato
    5th Mar 2015
    10:33pm
    Tell Jules that.
    Tigers
    6th Mar 2015
    8:44am
    No Jobs?? Then why is there thousands of people here in Australia on 457 visas? Shout yourself a trip to Perth, its spot the Aussie over there, and if things continue the way theyre going, you'll be able to distinguish Sandgropers from the rest of us, because theyll all have Pommie accents.
    mangomick
    7th Mar 2015
    9:50am
    Why Shout yourself a trip to Perth to play spot the Aussie. Would have thought Sydney was as far as anyone needs to go to play that game. Actually I would have said Sydney was like that 30 years ago.......
    particolor
    7th Mar 2015
    12:43pm
    We stopped playing that Years back ! We play Neatest Beard and Nighty now !! :-)
    Anonymous
    8th Mar 2015
    8:54am
    Actually, independent economists say the problem has already been addressed. There used to be virtually no means test on aged pensions, and very few people had superannuation. Yes, the number of retirees is growing, but with compulsory super, increased affluence nationally, and means-tested pensions, the percentage of self-funded or part-self-funded retirees is skyrocketing. It will increase further as a generation of more affluent retirees dies leaving money to their kids and the results of universal compulsory superannuation manifest in future generations. Attacking the poor now is cruel and totally unjustified.
    BTW. Todays' retirees actually paid for their retirement with a tax levy. It's hardly their fault that greedy governments took that money into consolidated revenue and wasted it.
    particolor
    10th Mar 2015
    8:56pm
    I want a Personal letter telling Me what they wasted My share on ? A G4 Nosh up ? A trip to Canadia ? A Roof Full of Bats ? What ??
    Not Senile Yet!
    5th Mar 2015
    5:23pm
    The aged Pension is below the Poverty Level as an income already...unless you owned your own home....then it was just borderline!!! Now with the continual spiralling out of control of the rise and rise of the cost of living through the increased tax and increased escalation of Basics such as Power, Gas, Water and the Privatisation of everything that moves....no one can afford to live on the Pension let alone the dole!!!
    What a joke Hockey is!!! So out of touch with the reality of the world......it has been the consecutive actions of the Federal Govt through Free Trade Deals that has created the high levels of un-employment....increased the level of education required to fill vacancies....that increased the cost of employers!!!
    The real Blowout is in the cost to the Taxpayer for the INCOMPETANT Decisions past Governments have made!!!!
    Not to mention how overpaid the high end of Most Government run Organisations are!!!
    The MP's themselves are grossly overpaid as well...but keep getting pay rises....when no-one else can!!!
    Time to sack the lot!!!
    Stop voting for the Party Corrupt Puppets!!!
    Vote the lot out!!!
    Patriot
    5th Mar 2015
    6:48pm
    NSY,
    You - once again - prove mthat you do your "handle" proud.
    You have hit "the Nail-on-the-Head".
    MICK
    5th Mar 2015
    8:01pm
    I just finished watching a Hockey interview on the 7:30 Report. Quite laughable really and Joe is such a monkey.
    In his rant about why we cannot afford to pay future pensions Hockey omitted to mention that,

    1. we are paying foreigners for everything because politicians have allowed the sale of almost everything the nation owns to foreigners. So no foreigners make the profits OFF US.
    2. we keep importing people which then requires the rest of the nation to develop more infrastructure. Stupid!
    3. his tax initiatives are aimed only at average and poor Australians. The are not only exempt but they also get tax reductions and their tax havens are never removed.

    And you wonder why I hold both sides of politics in contempt. But this government is out there on its own. No living comparison! A national disgrace.
    buby
    6th Mar 2015
    5:49am
    i beleive privitising our essentials certainly hasn't helped our economy. all its done is PUT up the prices, and made it harder for the smaller person to survive.OOOps i forgot they don't care for the poor they only cater for the RICH!!!
    then NO decent housing for the single person, anywhere, all they cater for are for families!
    sure families are important, but so should the single person be!! Hockey is dreaming, talking rubbish again. Just marking time whilst in government i think?Health system, still needs overhaul, as the tax system too! Sending jobs off shore hasn't helped us either. Now we can't get the young into jobs, cause there is none! and now we also have an influx of immigration......So where they gunna work,1.harder to get a job if you can't speak Engrish!!! OH i know Whack them into Training Programs? Perhaps that would help and they could learn english along the way, as our forefathers and mother did!!! Perhaps While they were sitting in their camps, twiddling their thumbs, they could have learnt the english language, then gone into society and got a JOb!! Earnt their way out of that camp perhaps...>>>??? OH so many Problems, and the dam government more worried about the Poor Drug smugglers, than those in Real need right here at home........Geez they got their priorities wrong!! Compassion is good, but get ya priorities right !!!!
    particolor
    6th Mar 2015
    8:30am
    Explain to them that the Rich cant get Richer without the Poor ! Bullies cant be Bullies without someone to Tread On !! :-(
    Patriot
    6th Mar 2015
    1:15pm
    particolor
    One for Joe & Tony!
    Blossom
    9th Mar 2015
    12:05pm
    I know one abbatoirs that employs people from overseas as although they advertised for workers on many occasions not enough applied. Those who don't have their own vehicles are picked up by a Company funded bus and taken home at the end of the day. Part of their terms of employment is that they have to learn to read and speak in English. The Company pays for their lessons. At events they don't let them all sit together. They have to mix with English speaking people as well so that they communicate in English, not revert to their own at specially organised public events. Apart from those events they are free to do as they wish. They also help them to find accomodation.
    particolor
    9th Mar 2015
    2:07pm
    And to add to that Blossom We know of about a dozen of them that got the Sack from the Abby's because they were Unhygienic !! So there !! And I don't make these things up !! I had a friend living in a flat and they were all around Her !! :-( I wouldn't have Employed them at the Sewer Works !! :-)
    Macey05
    5th Mar 2015
    5:27pm
    ts all very well to say that older people should work, but where are the jobs and more importantly where are the HR consultants, prepared to give older folk a chance. I am 65 in April and have been working full time since 17 years of age up until February of 2014. Try as I might I cannot get any further work. I do well in the phone interview, and then when I turn up at the Agency I see the look on their faces. “Isn’t she a bit old” “You must to due to retire soon dear.” I will keep applying.

    One particular interview for a big 4 bank, most of the interviewees were backpackers on Gap years from overseas.4 Irish, 2 Canadian, an American, a couple from UK, and two Aust citizens- myself and a young chap about 18. Even he didn't get an opportunity in that particular interview.

    So really the Government and Industry need to work it out before they focus on the young and the Elders.

    The job providers are a waste of time and need to be gone. They sit people in front of a computer and tell people to apply for """ANYTHING", because they want to justify themselves and get their commissions from the taxpayer.
    Although I have not had children, I will stick up for some woman who don't work Get rid of the Baby Bonus and put more into the kids we already have in this Country i.e. Childcare, decent schools, more vocational guidance, better entry into the trades, and jobs where they are not being used up for a few months because the employer is getting a subsidy.

    I did Volunteer in a Vinnies store but hated the culture, think because I was a recent worker I had nothing in common with their constant whining. Mind you some of them hadn't worked for years and took advantage of that 55 years old thing.

    Hey Hockey, have a chat to Morrison, and get going to one of those Job providers, and see what a waste of space they are for both the young, old and in the middle. They are only ripping off the taxpayer. Bring back the CES and get everyone reassessed.

    Gee I hope I pass my medical for the Grey Army.
    Macey05
    5th Mar 2015
    5:42pm
    I have just sent my resume to Joe. If he has all the answers he must have the jobs
    particolor
    5th Mar 2015
    6:01pm
    He looked at it and Said You are too Old and far too Much Experience !! :-)
    Macey05
    5th Mar 2015
    6:10pm
    I haven't tried Politics yet,perhaps I can get a traineeship, with Jackie Lambie LOL
    particolor
    5th Mar 2015
    6:22pm
    WOO HOOO!! What a Gutsy Lady !! :-)
    heyyybob
    5th Mar 2015
    6:33pm
    Gudonyer Macey05 !! You said your piece well :D It really is just CDF, isn't it ? The pollies and bureaucrats will just work around/waffle on and achieve stuff for the likes of you, sadly :(
    heyyybob
    5th Mar 2015
    6:34pm
    p.s. I meant to say ....achieve stuff all for the likes of you ...............:(
    MICK
    5th Mar 2015
    8:01pm
    There are no jobs. That is the legacy when you flog off everything to foreigners.
    buby
    6th Mar 2015
    5:56am
    Can i stand in line with you macey. but by the time we are even interviewed, they won't want anymore Policians....LOL>>>???
    Anonymous
    8th Mar 2015
    5:20pm
    A lot of people over 50 are changing their jobs. One guy in his early 60"s is an apprentice electrician. He loves it and is the youngest amongst all the other young guys.

    The idea of staying in one job all your life has long gone.

    5th Mar 2015
    5:29pm
    This adage that the Country's future lies in the hands of the grey army is offensive if you are in the grey army. At 50 to 55 when I worked , repeat worked , for the Federal Government, after a 25 year term men 50 to 55 were physically and mentally encouraged to leave to lessen the numbers AND TO ALLOW THE PROMOTION OF WOMEN. The Federal Government employees are around 65% women and 35% men, all graduates on soft flexible working conditions and two maternity leave provisions. 30%, of which I was one, do the work of their own plus the other 70% and the women that turn up with optional obligation, but still with accelerated promotional schemes.

    Yes I'm pissed off because this is so hypocritical and it plays on the emotion of being discarded at 55, mostly so our protected princesses could dominate.
    TREBOR
    5th Mar 2015
    7:45pm
    Hmm - I thought the PS was around 70% women now. And you are correct - many men were driven out of the PS by many different avenues so as to make it an easy employment spot for women. I was one of them.

    Sadly - that is the truth about women's progress - without the artificial altering of the education system, the upgrading of education requirements to do simple clerical tasks, and the dire impact of Affirmative Action (you may know this as EEO) - they would, in many cases have no work at all.

    I'm sorry, ladies - but this is an entitlement that must go for the good of this country. Time for all the added perks to be chopped and the workforce to be treated equally.
    MICK
    5th Mar 2015
    8:05pm
    Better known as 'discrimination'. I believe that the teaching profession was one of the worst with half of the promotional positions going to women (who picked off the very best schools) with the other half being shared. If men did that the Amazon populated 9 network would be after men relentlessly. Well, they already are and the story which runs 9 times out of 10 is the 'poor' woman story.
    Old Fella
    5th Mar 2015
    5:31pm
    No one has yet clearly identified the actual numbers of retirees who either fully support or partially support their own retirement.( Is it 1% or 15% of the retired population?) Nor to my mind has anyone identified what proportion of national capital , aged citizens consume from Government within the health care environment , educational environment , and or Road and traffic infrastructures, Self Defence military areas , public services, and or for that matter what portion of Politicians work loads. Broadly the fear suggestion is currently 64% of the population is supporting 36% of others , including aged pensioners. Lets lighten Government /Politicians workloads , identify and cut further into the 64% of the population using health care, education, Infrastructure, Defence and other Government expenditure who are not on sub-sistence diets and living standards.
    Unacceptable I hear . Well hear this; cutting further into the sub-sistence level most of the aged Australian citizen live in is also unacceptable.
    Maybe not for well heeled politicians retirements , but certainly to everyone else who achieves or attempts to achieve old age.
    HOPEFULLY THE GREY ARMY WILL WORK A FEW MORE YEARS AND SUCCESSFULLY REMOVE THE CURRENT government PRETENDERS and fear mongers.
    particolor
    5th Mar 2015
    6:27pm
    Have You tried getting a FERRET out of a Rabbit Warren when it doesn't want To come out ?? :-) :-)
    Patriot
    5th Mar 2015
    7:14pm
    particolor,
    The FERRET will come out when he's consumed all the rabbits.
    This might just be in the near future!
    MICK
    5th Mar 2015
    8:06pm
    I do as I do not want a bar of the pension. For doing that I will be a target to go after. The irony is that we are not rich, just managing.
    TREBOR
    5th Mar 2015
    11:28pm
    I'll be working and standing against them next time around, Old Fella - unless you can find a better candidate who I will support.

    I think it's time the older generation stopped blindly believing in these clowns and started to really make an impact.

    In God We Trust - All Others Earn Their Keep!
    sibbo
    5th Mar 2015
    5:49pm
    It is interesting that the Government in its wisdom wants the older generation to keep working into its 70's but doesn't seem to support that in reality. Qantas is closing its Melbourne call centre in June this year retrenching 250 staff and it's Brisbane office in June 2016 and retrenching another 250 staff. Those of us who reach 65 by the time we are retrenched will have our retrenchment package taxed by the Government - whereas if 64 yrs 11mths we won't be taxed. Once 65yrs old you lose coverage under your superannuation scheme for accidents or illness. Compulsory super payments also cease. Given retrenchment payments are to tide one over until finding new employment it seems to me theGovernment is not really encouraging those over 65yrs to do so on a level playing field. There are many over 65yr olds through one reason or another need to earn an income over receiving a pension. The playing field should be equal and fair to all ages losing their jobs no matter what the age bracket. Taxes should not apply to this payout if not applied to all.
    Patriot
    5th Mar 2015
    7:01pm
    dibbo,
    Lets do a Hypothetical.
    Say all what Joe is suggesting is realistic and we could find jobs to work another 5 years.
    Now let's imaging we're 5 years "down-the-track".
    What excuses would they find then to have us wrk het another 5 years.

    Sorry it's all Bul S**t Tony & Joe.
    Go back to Your Masters for revised instructions because
    "We're NOT sucking this one!".
    MICK
    5th Mar 2015
    8:08pm
    There is blatant age discrimination which statutory bodies intentionally turn a blind eye to. Just imagine retrenching middle aged workers.
    TREBOR
    5th Mar 2015
    11:30pm
    Well - QANTAS has to make a profit.. (sarcasm). I'd say, in line with my policy statement above, that QANTAS can be first cab off the rank to pay the OJT - the Offshoring of Jobs Tax. A fine test case.

    While we're at it - any chance an Australian could run one of these companies well... or are we all stupid?
    Baz
    5th Mar 2015
    6:00pm
    Please do not treat the alleged superannuation tax concession of $35m as true. It is repeated ad nauseam in the popular press by lazy journalists. Rob Heferen, exec director of Treasury's revenue group has admitted it is absolute fiction, based on adding two theoretical calculations that mathematically could not be added together and didn't include the reduction in govt pension that is achieved by self funded retirees! I am tired of having my super attacked when I have tried hard to stay off the age pension. However if these extra taxes come in, I will forced to apply for a part pension.
    Kactus
    5th Mar 2015
    7:38pm
    You're too late!
    They changed the rules on 1/1/2015.
    If your annual income is more than approx. $30,000 you can't even get the Health Card.
    MICK
    5th Mar 2015
    8:11pm
    And then there is the large amount of (concessional) money from the rich who would fund their own retirements anyway and just avoid paying a fair and proper tax rate on their income. This is a well understood and government condoned Tax Shelter. Disgraceful.
    TREBOR
    5th Mar 2015
    11:32pm
    Baz - I sincerely hope you didn't vote for these vandals..... they want to screw not only the self-fundeds, but all the rest as well.

    Take my word for it - these people have no idea at all how to run this country - and I sincerely hope Tony's is the last government of this kind, though I dread the return of the Ubersocialists.
    Anonymous
    6th Mar 2015
    7:10am
    Kactus, you're wrong about the income limit for the Health Care Card. The income limit is $51,500 p.a. for singles, $82,400 for couples. Not too draconian - yet. But give these mongrels time! Their hatred of the disadvantaged is obvious. Their attack has only just begun.
    Bes
    5th Mar 2015
    6:10pm
    Well Joe, thanks for nothing! What taxes I paid during my working life were apparently squandered by politicians. So now I am retired and get a pension.
    Politicians as far back as recently Whitlam, Fraser, Hawke, Keating and Howard, along with some I can’t think of and members of THEIR governments are all STILL on the payroll Joe, just like YOU will be and able to withdraw your super at will.
    But YOU want an Australia WITHOUT aged people.
    You want to dip us into the fountain of youth and have us work until 70, which by the way, I am and do Joe.
    But the fountain didn't work for me, so I HAVE to have regular blood tests and HAVE to get regular prescriptions to stay alive!
    To help you out we ourselves have handed down our own budget:
    The car that we intended to purchase is cancelled, we'll spend a little extra on repairs and keep old faithful. (better the devil you know Joe!) A saving of several thousand dollars.
    We shall not be giving to any more charities as Your Medical Research Future Fund will look after all of that. A saving of $400 per year based on no more payments to Heart Foundation, MS, Cancer research and various other charities such as the Salvo’s.
    I work as a volunteer at the hospital too Joe but have to pay on public transport to get there!
    Buying online is now a priority, whoever's economy it helps Joe!
    And maybe regular 'garage' sales to help out with a little cash. (Not for your ears Joe!)
    We'll certainly be looking very hard at the next election of course, unless you beat us to it and mandatory euthanasia is introduced!
    Sorry for working all my life, raising a family and paying tax, being careful and purchasing a house etc and ABLE to do all of that without a credit card!
    But most of all I'm sorry for being old, I thought politicians would plan like we did!! How wrong can you be Joe?
    Paulodapotter
    5th Mar 2015
    6:49pm
    The intergenerational report has been used to justify the coalition's desire to fulfil the wishes of IPA (Institute of Public Affairs). This is the LNP's think tank. Pensioners are just another wart on their plans, like Medicare and other government run organisations. They want to privatise everything including independent organisations like the ABC, SBS. They believe that if the government does not have to support public institutions then they can balance the budget and spend more money on things like war, which they call defence. Already the ADF should be renamed the AAF (Australian Attack Force). Every time the coalition gets into power, they get us involved in questionable invasions, such as Korea, Vietnam, Iraq, Afghanistan, etc. Now they are revisiting Iraq and soon Syria. You, the pensioner, is needed to pay for these invasions, so get to work!
    rina1213
    5th Mar 2015
    6:52pm
    Well said and as they say in question time
    HERE HERE
    particolor
    5th Mar 2015
    7:26pm
    And "All the way with LBJ !!" PUKE !! :-(
    mangomick
    5th Mar 2015
    7:47pm
    Would it not be nice if all Old Soldiers were put on ice
    When Wars were not being fought
    And when the half wits decreed to fight
    Defrost the old boys and let them have their delight.
    To maim ,kill and plunder
    it makes you want to chunder.
    But the day will come by thunder, when they all get trampled under.
    Under the feet of little people.
    You and Me.
    particolor
    5th Mar 2015
    7:59pm
    "But your Majesty ! The people have no Bread !!"
    MICK
    5th Mar 2015
    8:14pm
    mangomick: returned soldiers always get a raw deal. Pick any war and the story is always the same: lives given in the service of country for a war started by politicians (who never fight). And when Returned Servicemen come home governments claim they cannot afford to look after its Diggers and they are abandoned. It would make a good movie: call it Rambo!
    TREBOR
    5th Mar 2015
    11:25pm
    Very well put, Bes - what we need here and now is the Grey River Rising!
    TREBOR
    5th Mar 2015
    11:37pm
    Heeey - mangomick - I was nearly fifty when I volunteered to be first out the door over East Timor if it came to it.... lead from the front I always say..... even at 65 I'd take up the colours to fight for this country, as I do online every day.

    Mick - I have that deep anger whenever I see that look in the eyes of the young soldiers.. and the way their 'superiors' sweep it under the carpet.... as happened at a meet of young and old Vets to discuss PTSD... with the ADF's Chief of Medical Services a woman in the navy (FSS)... saying that PTSD amongst Iraq and Afghanistan Vets was the same as the rest of the ADF.....

    Sorry - got distracted there for a moment....
    Dee
    5th Mar 2015
    6:13pm
    In chapter 1 we are told that in 1971 there were 7.3 workers for each elderly person and now there are only 4.5. But the same chapter reports that we produce twice as much per hour as we did in the 1970s. So we are not doing so badly. What we need are more jobs for the unemployed of all ages.
    Patriot
    5th Mar 2015
    7:05pm
    Dee,
    Love the math!
    MICK
    5th Mar 2015
    8:17pm
    If we had not let politicians flog off everything of value in the nation then we'd be paying ourselves for what is now heading to overseas investors. Still not a word from voters. Now freehold farming land is going to foreign governments. Still not a word from voters.
    The forecast is for our population is going to be 50 million in 2055. So where are we going to grow the food to feed these Australians? In the desert? Not on prime Australian land though as that produce is going straight to China.
    TREBOR
    5th Mar 2015
    11:39pm
    50 million population - 49.7 million serfs.... that's where we're headed under these fools of both sides who run this country.
    Anonymous
    8th Mar 2015
    9:35am
    Chapter 1 should also have told us that in 1971 only the minority of privileged had superannuation and pension means tests were obscenely generous. As time moves on, more and more retirees are part or fully self-funded, and future generations of retirees will ALL have superannuation to help fund their retirement. Plus, with increasing affluence, more and more younger people are inheriting their parents' wealth (and that will continue if governments don't grind retirees into poverty). There may be fewer workers to support more retirees, but the average per person cost of supporting those retirees is likely to be much less. If we focus on remedying the gross inequity in society and making sure the rich pay their share of taxes and incentives to be productive and save aren't removed, we might just find that none of Hockey's dire predictions come true.
    mangomick
    5th Mar 2015
    6:22pm
    Plenty of work out there for pensioners picking grapes, mangoes ,maybe even cotton and tobacco.
    Now here's a few lines for you to sing to keep up your morale while you are doing the heavy lifting for Joe.
    You an' me, we sweat an' strain
    Body all achin' an' wracked wid pain,
    Tote dat barge! Lif' dat bale!
    Git a little drunk an' you lands in jail

    Ah gits weary an' sick of tryin'
    Ah'm tired of livin' an' skeered of dyin'
    But ol' man pensioner
    He jes' keeps rolling' along

    Thanks Oscar Hammerstein II for the lyrics.......
    particolor
    5th Mar 2015
    6:40pm
    I just applied for the tobacco pickers Job !! And they told Me to bugger off !! You look like Your too poor to buy it after the recent Gouge ! And will swipe more than You Harvest !! :-(..
    Get a little Dirt on Yer hands boy
    Get a little dirt on Ya hands !! :-)
    MICK
    5th Mar 2015
    8:18pm
    Mangomick picking mangoes? Where do I place my order?
    mangomick
    5th Mar 2015
    9:07pm
    Mangomick has had enough of growing, picking ,packing, spraying,pruning and anything else to do with mangoes except for eating them. That I still like to do....
    MICK
    5th Mar 2015
    10:27pm
    I had a go at making spiced mango chutney. Success. Maybe look it up online and give it a go.
    TREBOR
    5th Mar 2015
    11:42pm
    I apply for every job I could possibly fill... and I already have one.... and a pension as well. If our respective governments and their lackeys had allowed me to do what I wanted to do - study Law - I'd be working today every day and earning.

    But it's hard to get past the crowds of whiz kids with no real idea... I responded to one rejection by saying that Peter Cosgrove wouldn't fit their bill...
    heyyybob
    5th Mar 2015
    6:25pm
    Bejeezus !! I'm (at 75) exhausted reading this. On top of that I watched, until I couldn't bear it any more, two young (one late 20s the other ((Boss)) in is early 30s) busting their guts out in the middle of today (SE Qlds hottest Autumn day) for 3 hours in my front yard :( Laying a storm water drain and a few smaller jobs. I willingly paid them the quite reasonable quote given and wished them luck working like that for another 40 years !! Can't post the understandable comments made as even I blushed to hear their opinions of the proposal. BUT agree with their feelings on this heap of codswallop ;) For ..... sake cant somebody get it right ??
    particolor
    5th Mar 2015
    6:32pm
    Heyyyybob I just had to Empty 68 Unopened letters out of My Inbox !! This one Really Got Up Their Noses !! I think there is something Rotten in Denmark ?? :-)))
    heyyybob
    5th Mar 2015
    6:41pm
    I can see it now.....late afternoon, sun setting behind a row of F35's waiting. Klaxons sounding, ground crews rushing hither and thither, and then the steady clink, clink of the pilot's 'Walkers' as they tap their way across the tarmac singing, in quavering voices....."I feel the need, the need for speed" and then they lever their taut, tight and 'triffic 75 year old bodies into their acft as they prepare to defend OZ !!! Bwahahaaaaaaa !! The Grey Army/Air Force strikes back ;D !!!!!
    particolor
    5th Mar 2015
    6:52pm
    OH ! Dear ! He's PEED His pants in the Cockpit ?? "-)
    heyyybob
    5th Mar 2015
    6:53pm
    Actually, pause for a moment to admire to paint schemes on the F35's. The colourful Woolworths. Coles, Bunnings or kFC logos etc. Oh yeah, The Grey Army/Air Force is an outfit to be feared ;)
    MICK
    5th Mar 2015
    8:21pm
    I reckon anybody who can live in the 100% Queensland humidity deserves a medal. After a week in Hervey Bay I was stuffed and had to come home to Sydney. These days I am stuffed if I have to spend a full summer in Sydney so maybe time to grow 6 fingers and move to Tassie...chuckle...
    particolor
    5th Mar 2015
    8:33pm
    I'm glad You said fingers ! :-)
    TREBOR
    5th Mar 2015
    11:44pm
    Mick - thank god for the Deep South under the shelter of the Snowy Mountains.... Bew-di-ful!
    particolor
    6th Mar 2015
    9:10am
    Nice in the Table Lands too ! :-) Stick Your Steamy Hot Jungle !! :-)
    rina1213
    5th Mar 2015
    6:46pm
    OK I know we are in debt, but we are a Nation not a household. Most households take 20-30 years to pay off their mortgage, so why should a Nation pay their National debt off in under 10 years ? I understand Pollies are telling us we are an ageing country and that being one of the reasons, my question is "can we believe them" ? All the schools are over crowded, teenagers everywhere, babies born at a great rate. I remember working at the old CES during Keating's time and how 'creative' our reports were. Hmm , I just don't know ! And as a last statement, not all professions-industries are able to keep people working till they drop dead or loose the plot. I see this now as we have older workers and we have to carry them. Interestingly its OK with the Pollies if at an advanced age they stuff up because it will only effect the public. Their super and retirement funds are always OK topped up by the working class. Good luck Australia, If I had the money and brains I would take that trip to Mars or where ever and never come back. Sadly we are still the luckies country but on a fast slide down hill with no brakes.
    Adrianus
    5th Mar 2015
    7:04pm
    Do you know many home owners who are borrowing to pay the interest on their mortgage? When the Bank Manager asks 'how long will you need to be borrowing to pay the interest on the mortgage?' If he is a left leaning Bank Johnny he will say oh, 15 years before my bank stops lending you money? that'll be ok. Never mind that the house is worth $400k and the mortgage is destined to be $1.5m.
    MICK
    5th Mar 2015
    8:27pm
    rina: can't happen because we own very little in our own nation and we are now reliant on importing almost everything. This is the wasteland which governments from both sides and imbeciles who call themselves economists have brought us to. And now the noose is beginning to tighten.
    Don't much attention to Frank rina. Frank is a government funded troll who is posting propaganda for the government.
    The problem is not one side or the other. The problem is that both sides do not want to live within our means. But fear not as Frank paints a positive picture for his boss: who has added tens of $billions to the debt left by Labor and who abolished the Debt Ceiling so that Tony Abbott and his mate Joe could borrow on forever. But Tony and Joe have a solution: hit the poor with a whole host of new (unmandated) taxes and give the rich another company tax rate cut of 1.5%. It never changes.
    Sceptic
    6th Mar 2015
    10:35am
    mick, I believe that you agree that the country is in debt and running an annual deficit which increases the debt. I understand that the figure being used is something like $100 million a day borrowed to fund the deficit plus $10 million a day to fund the interest. if we do not continue to borrow the $110 million a day, as it appears that you are advocating, we must then be self sustaining. In other words generate a surplus to pay the interest charges and generate enough income (increase taxes as advocated by Barry Jones) or reduce spending to pay our way without borrowing. What is your solution? Higher taxes, reduce spending and on what?
    Adrianus
    6th Mar 2015
    10:45am
    mick, I'm beginning to understand who the rich are in your mind. Struggling small business owners? The same small businesses which employ 90% of Australians. The 1.5% tax cut will be financed by Big Business. Stop being so negative mick. You should be more positive about the work of Australian employers. Where's your pride?
    Patriot
    6th Mar 2015
    2:07pm
    Sceptic
    And so we keep going back to the “Fairy Tale” that the International Bankers have an orchard which contains an unlimited number of money trees that are harvested regularly in order to supply the money for other countries all over the world to be borrowed.
    Unfortunately, the orchard is fenced with razor wire and the perimeter is heavily patrolled by armed guards so that we, the ordinary people, cannot get access to this money.
    Sort of like the “Bohemian Grove” where the Elite of this planet execute all kind of weird & disgusting rituals! Just ask Alex Jones who managed to “get in there”.

    Of course, the “Money Story” we are enticed to believe is totally fictitious!
    Money is created by entering “1's & 0's” in computers and in the 0ld days such was achieved by making entries in a bank's ledgers.
    So, if the above statement is true, the creation of money is one of “Little Hardship” to the provider.

    Before the Mid-1920's the Australian Federal Reserve (than the Commonwealth Bank) used to print our currency (no Credit Cards in those days) and make entries into its ledgers (loans) for the benefit of the Australian People. As per requirement of the Australian Constitution this money was issued into the Australian community at ZERO PERCENT interest and the reward for the services provided by the Commonwealth Bank was “Wages & Salaries”.
    This issuing of finance at ZERO PERCENT interest is all clearly outlined in the Australian Constitution & its associated Acts. So, this process is totally legal, “In Line” with the directives of the Aust. Const. And OUR RIGHT as Aust Citizens.
    Borrowing money at interest MUST BE CONSIDERED A CRIME as such actions are not in the best possible interest of every Australian.
    Can I ask then, if the processes are clearly “defined & outlined”, not following them is insubordination?

    From the mid 20s, the Aust Reserve was starting to borrow its money from the International Bankers AT INTEREST. This is (has been) now starting to KIIL US & OUR LIFESTYLE!
    Our politicians for the past century (and still are) have been acting in the interest of the Global Banking Cartel rather than Australians like you & me. Wonder why I call them Criminals!

    The Process of Money is very simple & right before our eyes.
    In fact, it is so simple that it is hard to believe that – despite all those years of conditioning – we have accepted the continuous lies associated with this story.

    Joe & Tony are lying about us being broke.
    They want Aust. to be broke so that we are willing to donate our wealth to the international industrialists and accept the “Shackles” of a “One World Government”.

    Just remember: “If you repeat a lie often enough, people will believe it, and you will even come to believe it yourself. Attributed to Adolf Hitler”

    Below are two links that outline the procedures/processes/facts that have taken place from the early 1900's onward.

    https://archive.org/details/TheMoneyTrick

    http://www.google.com.au/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&ved=0CCMQFjAB&url=http%3A%2F%2Fdigital.slv.vic.gov.au%2Fdtl_publish%2Fpdf%2Fmarc%2F44%2F1836410.html&ei=Exb5VPPPCIiY8QXMs4GgDg&usg=AFQjCNFLHnMIixzrJS6ZxBQ9Hb9vU-sQwA&sig2=I-WdK-aI-3u0eQF9WEhyvQ&bvm=bv.87611401,d.dGc
    rina1213
    8th Mar 2015
    1:51pm
    Oh, and by the way if are soooooooo broke, why do we give billions to foreign aid ?
    Why not fix our own back yard first and then Landscape the neighbours ?
    particolor
    8th Mar 2015
    3:28pm
    The View over the fence was so untidy they decided to waste your money and Pretty up their Backsi ER Backyards First !!
    Hasbeen
    5th Mar 2015
    6:47pm
    The entitlement mentality is alive & well among our lefties.

    Half of our oldies & youngies aren't worth half what they get, & the other half don't whinge about it.

    Which cap fits you?
    Oldie84
    5th Mar 2015
    7:00pm
    Has been, careful, you'll get murdered around here for views as yours. Woo Hoo.
    Patriot
    5th Mar 2015
    7:11pm
    Oldi81,
    Why did you have to warn him
    He'll go in hiding now!
    particolor
    5th Mar 2015
    8:37pm
    The Life Savers Cap ! :-)
    Patriot
    5th Mar 2015
    8:42pm
    Mick,
    But before we do that, bring their pay to a realistic level like the rates we had to endure.
    Paulodapotter
    5th Mar 2015
    10:56pm
    Ha! Ha! Hasbeen. Australia's problem has been always lack of home grown productivity. We have lived off the back of sheep, wheat growers and miners for so long now with investment by multinationals that we have lost the ability to manufacture a future. While successive governments have given lip service to improving productivity, there has never been a policy articulated by either party to give a boost to secondary industries. This needs urgent attention. If a policy or policies are not developed in this area, we can look forward to a choice between draconian cuts by conservative governments and over spending by non conservatives just as we have been doing with successive right and left wing governments since federation. We still think like a colony of convicts of the British who have themselves moved on to more enlightened thinking. We have still not learned to stand on our own two feet refusing to let go of the apron strings of her majesty and licking the boots of the US in the mistaken belief that if danger came our way, they would run to our assistance. WE are a timid nation without the fortitude to take the initiative and forge our own way forward, by exploiting our own talents instead of encouraging our best minds to seek opportunities overseas. Australia suffers from a massive brain drain and you only have to look at our present government as evidence of that fact. If we are not going through our George Bush moment then things are a lot worse than they seem.
    TREBOR
    5th Mar 2015
    11:46pm
    You reckon the 'righties' have no entitlement mentality? Dream on, Pilgrim....
    TREBOR
    5th Mar 2015
    11:49pm
    Paulo - I'm the (humble) progenitor of the GAIA concept - the Greater Australian Infrastructure Advance - with the proposal of building a mega-city in the Pilbara to produce iron, ships, you name it. and all run by solar and wind power....

    As a (humble) writer.. I think I'll need to put it into a future fiction novel....

    What more can I do with no cash?
    Hasbeen
    6th Mar 2015
    4:23am
    Mick you sound like a fool or a Labor party operative.

    I'm a 75 year old pensioner, who has been waiting 2 years to see a specialist in the public system about my crook knee. I'm told it will probably be another year before I see one. I'm not whinging because I realise there are more important things than some pensioners knee to spend our tax payers money on. They treated me pretty damn quick after my heart attack. Like I say, some things are more important, so come first.

    Yes I own my home, anyone my age who doesn't is a dill. It wasn't all that hard. I went from a penniless bachelor in 1976 to raise a family & own my home, in pretty ordinary jobs. Lost my job at 61, when the company went broke, so no redundancy, & most of my nest egg went on putting the youngest through school & Uni, so not much cash to go with it.

    I think I'm bloody lucky to have a pension that keeps me fairly comfortably, & a medical system which works pretty well, if a little slowly.

    I really wish all these people would just stop bitching, & thank their lucky stars, that we in Oz is in a fairly good position. We will have to reduce our demands on the taxpayer to some extent, if we are to continue to do so well. The ridiculous Gonski & NDIS expenditure locked in by Gillard, could be the straw that breaks the camels back, so we had best cut a bit of fat out, before we have to cut the bread.
    particolor
    6th Mar 2015
    9:17am
    We used to live on Bread and Dripping !! :-)
    And do once more :-(
    Hasbeen
    6th Mar 2015
    1:59pm
    Yep me too Particolor, how did you know it was one of my favourite foods? Mum used to make it so nicely just after the war, when we still couldn't get butter.

    Can't afford dripping these days, so I have to use butter instead. When ever I'm cooking a nice bit of grain feed Angus for tea. I usually pop in a slice of heavily buttered multi grain. Yes I know the white stuff is actually better for you, but it is my token to the ratbag greens/Nutritionists.
    particolor
    6th Mar 2015
    9:02pm
    If we were luck enough to have a Roast ! You would have to fight the next day to get some Dripping out of the Baking Dish for a Snack !! :-)
    particolor
    6th Mar 2015
    9:21pm
    Was every one off Sick this week ?? :-( I've never seen it this Busy ?? Had to delete the Inbox twice Yesterday ?? 57 and then 92 ?? Have a Cuppa Tea and relax :-)
    Stevo
    5th Mar 2015
    6:59pm
    I am a 60 y.o. nurse and have been unable to find employment in this area for the past 5 years, despite continually studying and up-grading my qualifications. I am currently doing house work and support work. My husband is on the Disability Support Pension and if I earn more than $260.00 centrelink decreases his pension which means we have $800.00 a fortnight to live on!
    Increasing the pension age is ok if you already have a job but no good if you are a job seeker!
    MICK
    5th Mar 2015
    8:32pm
    The solution appears to be the same as the unemployed surfies of Byron Bay: move to somewhere where there is work. Nurses are in high demand.
    particolor
    5th Mar 2015
    8:52pm
    And Sick Peeps in higher Demand !! :-(
    Kactus
    5th Mar 2015
    7:23pm
    Why does Centrelink's pension web page still show that you can have income of up to $1868, a fortnight, and still get a part pension?

    http://www.humanservices.gov.au/customer/enablers/income-test-pensions

    Didn't the rules change on 1/1/2015 drastically lowering this threshold to a far less generous amount?
    particolor
    5th Mar 2015
    7:39pm
    $934 a Week ? Id Peel Onions in the Nude for that Much a week !! :-)
    MICK
    5th Mar 2015
    8:32pm
    Don't know Arnie.
    MacI
    6th Mar 2015
    7:25am
    Kactus - Up to $1868 per fortnight is still correct for Part Single Aged Pension. The 1/1/2015 change is to include the balance of your Super (if it's in the pension phase) in the Income Test - previously it applied only to the Asset Test. Centrelink applies both an Asset and Income Test to determine your Aged Pension entitlement. Whichever test results in the lowest Aged Pension entitlement is the one that is applied. With some pensioners this means that the Income Test results in a lower Aged Pension than when only the Asset Test was applied.
    Sandy
    5th Mar 2015
    7:26pm
    I am tire of hearing all this rubbish about grey army to do the work. Why can't we just deal with the financial situation by cutting MP's and highly paid CEO's of large companies pays in half. When I was working I never received over $35,000 per year yet now people are not happy unless they receive $100,000 or more. The jobs have not changed so much that the work is worth more. Their super should also be reduced to a comparable amount like the rest of us. No job should be paid more than the Prime Minister ($500,000py). Get the perspective right and we may be able to accept a little of the garbage you sling us now.
    MICK
    5th Mar 2015
    8:34pm
    The issue is more about the rich per Se paying a fair amount of tax. Not the pittance they pay after all of their privileged deductions and tax shelter outs. Real tax.
    aly_rob60
    6th Mar 2015
    5:05pm
    The Politicians should take pay cuts, the overpaid CEOs should take pay cuts, the overseas companies that are paying less tax than Aussies companies should "pay up or piss off out of our country", the thousands of rich Chinese that have come here to live should pay EXTRA in taxes to pay for the infrastructure that we have paid for and they are using and taking for granted, we should put the the sign up "we are full" and we should stop buying crap products and food from overseas, that we have readily available here. STOP giving our older generation a hard time and make them suffer! What happened to our values of respect??
    particolor
    6th Mar 2015
    8:29pm
    Now who could Argue with that Aly_rob60 ?? :-)
    Reeper
    5th Mar 2015
    7:44pm
    Here we go again, the Gillard-ites, Rudd-ites and the wanna be flag bearer for the Socialist movement (but there's a good movie on that night). How bloody stupid are some people; the Report isn't produced by the Treasurer - but the Treasurery made up of people who also served under the ALP Fiasco of recent years.

    The Treasurer announces the report because it is within his portfolio. The report says little that wasn't expected and has nothing whatsoever to do with how valid the Triggs report was - which by the by has been exposed as basically made up - Triggs couldn't even remember what was in it when questioned.

    The punishment that the stalwart geomac is referring to is a direct result of the billions of dollars the ALP (and ACTU masters) wasted on ridiculous cash bonuses and projects that did more damage to schools than improvement and took the lives of 4 young Australians.
    geomac
    5th Mar 2015
    8:06pm
    Reeper
    The report is directed and vetted by the treasurer. Its his report and Hockey himself states that. It is not a factual report as it is based on predictions. Take the assumption that there will not be a recession or worse for the next forty years. Take the assumption that the largesse given to the well off will remain the same as now for the next forty years. Maybe you can explain how the Swan report factored in climate change while the Hockey report hardly makes mention of it ? It is the treasurers report. You make yourself appear silly when you call people stupid. You confirm a lack of knowledge when you state its only the treasury that has input into the content.
    particolor
    5th Mar 2015
    8:49pm
    I'm going to get some Dirt on the Libels and Post the same Bloody thing on here 36 Times a week like about Half a dozen other Punters do !! :-(
    MICK
    5th Mar 2015
    10:30pm
    I'm glad that I am not the only person who has caught the blighters out. If I thought others knew what was going on I'd stop sounding like a proverbial parrott.....'pieces of 8'.....get paid by Tony, don't be late. Chuckle.......I like taking the mickey out of bad people.....
    TREBOR
    5th Mar 2015
    11:53pm
    Thirty pieces of silver, Mick - that's the going rate....
    particolor
    6th Mar 2015
    9:21am
    Put another Shekel in
    In the Shekelodeon ! :-)
    Grateful
    5th Mar 2015
    8:15pm
    What is so complicated about just paying the pension for those for whom it was intended?? Those in NEED of it.
    FAR too many people receive the Age pension and the Seniors' Health Card that are MORE than capable of supporting themselves and not take tax payer handouts. I can't understand how they even have the gall to apply for these benefits. Absolute greed!!
    I called it the other day as being no different to a "dole bludger", people with very adequate assets and income of their own and still apply for those benefits are similarly "bludgers" on the taxpayer.
    It is NOT an ENTITLEMENT. It is a "safety net" for those who for whatever reason NEED help.
    Just reduce the eligibility criteria so that instead of more older people having to work longer, reduce the number of people receiving the Age pension. And they say that Liberal voters are the ones most likely to complain and that's why NOTHING will be done.
    Meanwhile, we will now have an opportunity to see the true colours of the new rising star of the Liberal Party,Treasury Secretary, Kelly O'Dwyer!!!!!
    MICK
    5th Mar 2015
    8:39pm
    You've got my vote Grateful. That is what the pension was meant for.
    Hold no hope in Dwyer. I got an email from her today and it was total crap. Distortions and misinformation by any other name. It should not surprise anybody though.
    Anonymous
    6th Mar 2015
    4:38am
    Nice sentiment, Grateful, but how do you then explain to those who worked hard and saved that they must live frugally on their savings while those who lived the high life, travelling, gambling, dining out, etc. are rewarded with taxpayer dollars? How do you create an incentive to work and save if you punish those who do and reward those who don't? I don't have answers to this dilemma, but it certainly isn't as simple as you imply. As for the Seniors' Health Card, without it many self-funded retirees would be unable to afford essential health services. I agree that there may be room to tighten means tests - especially with regard to the income levels allowed - but those who struggled to save have already suffered hideously with massively falling investment returns.
    I'm sure nobody objects to making sacrifices to support the genuinely disadvantaged, but I suspect 75% of those claiming full pensions are like my pensioner friends - spent their money travelling the world, gifting to their kids (before they turned 60 so Centrelink wouldn't punish them for doing so), dining out, gambling, and generally living it up. Why should they now be supported by the taxpayer while battlers who went without to acquire a modest nest-egg that SHOULD give them increased comfort in old age are slugged?
    thommo
    5th Mar 2015
    8:21pm
    whoever wrote it,employment agencies are an absolute waste,yes bring back the ces,at every centrelink office.it also dismays me that nobody from the centrelink is checking PHYSICALLY to see if couples are living together and claiming benefits,i reckon there would be thousands!And kids who decide to chuck school at 15,no dole,go back to school and get more education,then you MIGHT stand a chance of getting a job
    Kato
    5th Mar 2015
    10:35pm
    Spot on thommo. there are FIFO'S who can claim they are separated because they are apart longer than ten day's. go figure.
    particolor
    6th Mar 2015
    9:28am
    I Did ! And I recon $1,640 a Fortnight is much better than $1,200 !! :-)
    older&wiser
    9th Mar 2015
    9:25am
    thommo - absolutely dead correct!!! I now refuse to deal with any Employment Agency. If you are over 50 (some even 45) - you don't stand a chance!! See I job I could run rings around, send in details - they phone me within an hour. "Perfect candidate". Then want me to go nearly 40kms to meet them - when the minute they SEE me, they are no longer interested. My experience - perfect. Resume - perfect. Referees - perfect. Age - forget it. I am 62, and even though I have been told I look mid 50's, I don't stand a chance. Suddenly, the 'perfect candidate' tag has miraculously vanished.
    Hockey wants the Grey Army to keep working? - then start penalising employers and agencies that blatantly discriminate against mature seasoned employees.
    What DOES really surprise me - is that Hockey hasn't proposed that Euthanasia will be legalised.... After all, us seniors are such a burden for him, I wouldn't be at all surprised if he hadn't thought of that.
    particolor
    9th Mar 2015
    9:36am
    Politian's Exempt !! :-(
    Ozetwo
    5th Mar 2015
    9:43pm
    What a load of crock. All I can picture is Joe Hockey and his lackey Mathias leaning back smoking cigars as they contemplated the aborted budget that they introduced. This government has been bought and paid for by the Murdochs. Hancocks and the big end of town. There are ways to create a fairer Australia for the majority of its citizens but with this crowd it simply won't happen.
    wally
    6th Mar 2015
    10:29pm
    And drinkin' Moet an' runnin' wild! Too.
    tams
    5th Mar 2015
    9:46pm
    There is actually 4 pillars of retirement income, which means older Australians with valuable homes will not be eligible for the aged pension.

    5th Mar 2015
    10:39pm
    Kaye

    Very well presented article. Thank You.
    Paulodapotter
    5th Mar 2015
    10:57pm
    Ha! Ha! Hasbeen. Australia's problem has been always lack of home grown productivity. We have lived off the back of sheep, wheat growers and miners for so long now with investment by multinationals that we have lost the ability to manufacture a future. While successive governments have given lip service to improving productivity, there has never been a policy articulated by either party to give a boost to secondary industries. This needs urgent attention. If a policy or policies are not developed in this area, we can look forward to a choice between draconian cuts by conservative governments and over spending by non conservatives just as we have been doing with successive right and left wing governments since federation. We still think like a colony of convicts of the British who have themselves moved on to more enlightened thinking. We have still not learned to stand on our own two feet refusing to let go of the apron strings of her majesty and licking the boots of the US in the mistaken belief that if danger came our way, they would run to our assistance. WE are a timid nation without the fortitude to take the initiative and forge our own way forward, by exploiting our own talents instead of encouraging our best minds to seek opportunities overseas. Australia suffers from a massive brain drain and you only have to look at our present government as evidence of that fact. If we are not going through our George Bush moment then things are a lot worse than they seem.
    particolor
    6th Mar 2015
    8:43am
    Australia got lost somewhere between the Corgi Poo and Uncle Sam there I think ? :-)
    Kato
    5th Mar 2015
    10:59pm
    http://pro.portphillippublishing.com.au
    Kato
    5th Mar 2015
    11:01pm
    At some point over the past three years you took the time to register your protest at what the government is doing to superannuation.

    By registering on the website I also promised to keep you up to date on any important developments facing super.

    Well, I’m afraid to say that in recent months things have taken a turn for the worse.

    I believe that plans are afoot for the government to begin confiscating private wealth, and the first stage of it could come as soon as the May Budget.

    That’s why I’m writing to you today. You may have seen some of the reports in the press about proposed changes to super tax rates.

    You may have also seen the reaction of politicians, bureaucrats, and lobby groups. They’re urging the government to increase taxes on super.

    They’re demonising savers. People with a bit of money saved in the super system aren’t ‘good savers’, instead they’re ‘hoarders’.

    Amazingly, folks are even blaming savers for the state of the government’s debt and budget position. They’re saying that if it wasn’t for people ‘hoarding’ money (their word not mine), the government’s finances wouldn’t be half as bad.

    This is all part of what I call the government’s Genesis 47 plan to confiscate private superannuation wealth. I’ll show you more details on this plan in a moment.

    But first, let me just prove to you how the media is reporting the plans for a massive wealth grab. The following ‘press clippings’ are stories in the media that I’ve compiled just over the past three weeks.

    I’m adding to these clippings each day as another lobbyist comes out of the sewer to urge the government to snag your savings. Here are the reports:


    ‘When asked if Greece could cover its liquidity needs without issuing more T-bills or receiving the ECB profits, a finance ministry official said Athens had "alternatives", without specifying the options at hand.

    ‘Athens could save money by delaying payments to suppliers or try to raise up to 3 billion euros by borrowing from state entities such as pension funds though the government may already have used up part of this, a source has told Reuters.’

    — Reuters


    ‘Industry Super Australia (ISA) has again raised the question of Australia's high net worth individuals operating Self-Managed Superannuation Funds (SMSFs) being subject to greater scrutiny over the tax breaks they receive.

    ‘ISA chief executive, David Whiteley has used an address to the Australian Workers Union national conference to point to the disparities which exist between the wealthy and Australia's low income earners when it comes to super tax concessions.’

    — Moneymanagement.com.au


    ‘Assistant Treasurer Josh Frydenberg has announced his support of a “carefully drafted” objective for the superannuation system to ensure the future stability of the industry and protect the confidence of investors.

    ‘A key recommendation of the Financial System Inquiry was to set a clearer objective for the superannuation system, to address the lack of stability in policy settings.’

    — SMSF Adviser


    ‘If we don’t make some improvements, we will increasingly have to ask the question: would we have been better off without this system? Would people have saved just as much anyway? Would they have invested that wisely themselves, in whatever way they do, and would we have been better off?’

    — SMSF Adviser


    ‘Superannuation tax breaks for the rich is the ‘worst piece of public policy since white Australia’, Garry Weaven pioneer of industry funds said at Conexus Financial’s 18th annual Investment Administration Conference, held last week.’

    — Professionalplanner.com.au


    ‘RETAIL superannuation funds are backing an increase to 65 in the age at which people gain access to their savings while not-for-profit industry funds want tax concessions for multi-millionaires wound back as the nation seeks to ease pressure on the Age Pension.

    ‘With Australia’s nest egg of superannuation holdings passing $2 trillion, the government has industry support for reform of the retirement sector ahead of the Intergenerational Report, which will refocus attention on how to support the nation’s ageing population.’

    — The Australian


    ‘The Financial Services Council told The Weekend Australian it wanted the superannuation preservation age to rise gradually to 65, citing research showing that, for every extra year of work, private superannuation savings increase by $200 billion.

    ‘Raising the preservation age by five years could produce another $1 trillion in retirement savings.’

    — The Australian


    ‘South Australian Premier Jay Weatherill is calling for the return of a superannuation scheme which will boost retirement pay for politicians by hundreds of thousands of dollars…

    ‘Mr Weatherill said the scheme needed to be reintroduced to protect the integrity of the political process.

    ‘“I don't think people should be looking over their shoulder about their next job when they are in these jobs making big decisions about the future of the state or the nation, and if we keep lowering the status of these jobs I think you'll get the inevitable result,” he said.’

    — ABC


    ‘Financial advice firm Quantum Financial, using data from the Australian Taxation Office and the Australian Bureau of Statistics, estimates that a DIY fund would need at least $500,000 to get the fee down to 1.3 per cent.

    ‘But opinion on how much is needed is divided. Last year, the Financial System Inquiry said a DIY fund could have as little as $200,000 and achieve the same fee level as large funds. But that is provided the trustees are prepared to do much of the work themselves, rather than outsourcing it.’

    — Sydney Morning Herald


    ‘For Gen-X workers, there is a sense of grim resignation that the tax breaks and concessions available to their parents’ generation in retirement will be taken off the table by cash-strapped future governments.’

    — The Australian


    ‘Australia is in desperate need of a government with the “guts” to tax the rich, says one of Australia’s top financial experts.

    ‘John Symond, founder of Aussie Home Loans, told Tom Elliott the nation’s tax system was “broken in every respect”.

    ‘And he joined a growing chorus of experts who say retirees with expensive homes and fat super accounts need to be weaned off government help.’

    — 3AW Radio


    ‘The Greens are offering the government a $13 billion budget saving. All it has to do is ditch its commitment not to touch superannuation before the next election.

    ‘The plan would tax superannuation contributions on a progressive scale rather than the present flat rate of 15 per cent and 30 per cent for workers earning more than $300,000.

    ‘Australians on the 19 per cent marginal tax rate would pay 4 per cent on their super contributions, Australians on the 33 per cent rate would pay 15 per cent, Australians on 37 per cent would pay 22 per cent, and Australians on the 45 per cent rate would pay 30 per cent.

    ‘As a supporting measure, the policy would also clamp down on "churning" wages through super funds. It will no longer be possible for Australians over 55 to get a tax benefit just for putting their salary into a super fund while drawing an equivalent wage from the same fund.’

    — Sydney Morning Herald


    ‘Generous income testing arrangements for Family Tax Benefits in the early 2000s and access to million dollar contributions to tax-preferred superannuation through 2006-07 were notable examples of middle or higher income welfare that contributed to the problem.

    ‘It is my strong belief that as a society we have a moral obligation to assist the worst off, including the disabled and those who are not in a position to provide a basic standard of living for themselves and their families.

    ‘The tax and welfare systems are a means of doing this but we must ensure that fiscal transfers are well-targeted…

    ‘An important criterion for a well-functioning tax system is fairness, where there are some contentious and important issues that need to be explored.

    ‘For example, substantial tax assistance is provided to superannuation savings.

    ‘We need to consider whether the level and distribution of these concessions remains appropriate.

    ‘These are the types of issues that will be considered in the upcoming Tax White Paper.’

    — Treasury Secretary, John Fraser speaking to the Committee for Economic Development of Australia (CEDA)


    ‘The fiscal impact of tax concessions afforded to superannuation earnings and contributions in the Budget do not take into account the reduced expenditure on the age pension, or other age-related health care costs, which results from more people becoming self-funded retirees," it said. "By definition, the superannuation system is needed to meet these long-term costs. Australians would not otherwise adequately save for their own retirement.

    ‘Without compulsory superannuation Australians would change their behaviour and the $1.7 trillion in retirement savings would be spent and invested elsewhere.’

    — Financial Services Council submission to the government

    This is extraordinary.

    That’s why I’m writing to you today. You’ve expressed an interest in staying informed about what’s happening to super.

    It’s something that you were rightly concerned about.

    And so, over the past few months I have worked with my team of researchers to put together a startling warning about what the government plans for your super savings.

    This week I released a special video report. Given that you asked me to keep you informed about major changes to the super system, I’ve decided to make this report available to you.

    I’ve already received a lot of feedback on the report. Most of it has been positive. Of course, some have said that it’s lunacy and fear-mongering.

    They’ve said that I’m just trying to scare people. Well, they’re right on that last count. I am trying to scare people. I’ve written about the threat of superannuation confiscation for six years.

    Through most of that time no one has believed a word of it. And yet, as time passes, governments of both parties have made changes to the super system that can only lead to one conclusion — the outright confiscation of private superannuation funds.

    Perhaps ‘scaring’ people is the only way to get this message through.

    Because the next step in the government’s plan, a plan I call Genesis 47 could happen in this year’s May Budget.




    www.handsoffmysuper.com.au



    All content is © 2005 - 2015 Port Phillip Publishing Pty Ltd All Rights Reserved
    Paulodapotter
    5th Mar 2015
    11:14pm
    A very well cherry picked analysis to prove a supposition. Now if you apply a bit of anthropology, you'll find it won't be difficult to unpick it all. No government is going to steal super funds without a massive backlash. This government is more interested in staying in power than improving the lot of their constituents. Politics is job these days, not a service to humanity. However, that said, if they call another war, which is the propensity of our conservatives, then anything is possible.
    TREBOR
    5th Mar 2015
    11:59pm
    Kato - the point is - "How much is LEGITIMATE superannuation, and why should a pensioner be taxed on income above the pension level INCLUDING PENSION, but a superannuant is not?"

    Superannuation should be mandated to be sufficient to provide the equivalent of the pension, which is supposed to be a livable income. Anything over and above that is income earned from investment and incurs tax at the same rate and under the same system.
    Anonymous
    6th Mar 2015
    5:54am
    Goodness,what a long post Kato! Like the video on your website. I watched part of it, and if I'd got to the end a lot sooner - minus the repetition and harping - I might have subscribed to whatever you were offering. But I gave up long before I got the offer because, quite frankly, I can't spare the time for all that repetition. I got the message early, as I think any intelligent person would. I just wanted to move on!
    mangomick
    6th Mar 2015
    11:36am
    I'm sure the Greeks and Cypriots thought that their Government wasn't going to steal their bank deposits as well but we all know what sort of a haircut they all had to endure. It's also Interesting to note that America has just passed laws where the Government can cash grab the wealth of citizens stored in banks and also get access to any gold that you may have stored there should the need arise. In fact the IMF has been actively encouraging all Governments to pass laws giving them (the Governments) the right to do so should the need arise.
    mangomick
    6th Mar 2015
    11:56am
    Further to Kato's comments and for those who don't think Governments won't ever steal your money...

    When a Cyprus bank went bust in 2013, the Government SEIZED 40% of ALL SAVINGS DEPOSITS OVER €100,000.



    Here’s the timeline:



    · June 25, 2012: Cyprus formally requests a bailout from the EU.

    · November 24, 2012: Cyprus announces it has reached an agreement with the EU the bailout process once Cyprus banks are examined by EU officials (ballpark estimate of capital needed is €17.5 billion).

    · February 25, 2013: Democratic Rally candidate Nicos Anastasiades wins Cypriot election defeating his opponent, an anti-austerity Communist.



    The initial stage of this took over six months to develop. But once things got hairy, the seizure took place over the course of ONE WEEKEND.



    · March 16 2013: Cyprus announces the terms of its bail-in: a 6.75% confiscation of accounts under €100,000 and 9.9% for accounts larger than €100,000… a bank holiday is announced.

    · March 17 2013: emergency session of Parliament to vote on bailout/bail-in is postponed.

    · March 18 2013: Bank holiday extended until March 21 2013.

    · March 19 2013: Cyprus parliament rejects bail-in bill.

    · March 20 2013: Bank holiday extended until March 26 2013.

    · March 24 2013: Cash limits of €100 in withdrawals begin for largest banks in Cyprus.

    · March 25 2013: Bail-in deal agreed upon. Those depositors with over €100,000 either lose 40% of their money (Bank of Cyprus) or lose 60% (Laiki).



    The most important thing I want you to focus on is the speed of these events once things hit the fan. Cypriot banks formally requested a bailout back in June 2012. The bailout talks took months to perform. And then the entire system came unhinged in one weekend.



    One weekend. The process was not gradual. It was sudden and it was total: once it began in earnest, the banks were closed and you couldn’t get your money out (more on this in a moment).



    Cyprus is not some freak occurrence that could never happen anywhere else. The IMF has suggested to Governments around the world that they do the same (meaning STEAL deposits).



    Again, this is not conspiracy theory. Germany just passed legislation that would permit PRECISELY this.

    If you think this couldn’t happen elsewhere you are wrong. Canada, New Zealand and even the UK and US have proposed similar measures. The next time stuff hits the fan, your savings will be on the hook, not the Central Banks.
    Kato
    6th Mar 2015
    6:53pm
    http://thenewdaily.com.au/money/2015/03/05/treasurys-bearded-lady-economics/
    Kato
    7th Mar 2015
    1:13pm
    http://www.tai.org.au/content/richard-denniss-joe-hockeys-debt-bomb-false-alarm
    carmencita
    6th Mar 2015
    1:07am
    Always when there's an issue against the govt it uses diversion tactics. This is one of them diverting our attention from the recommendation made by a Treasury Official regarding slashing the welfare funding given to the middle class and the rich. Always, welfare funding for average Australians is being attacked by this government favouring the wealthy. There is never a discussion about the welfare money given to the middle class and the rich which is costing billions. I would be interested to examine the balance sheets how much tax payers money is funding the wealthy. While politicians continue to increase their undeserved salaries and allowances, there is never a discussion on how much of our budget goes to pay their salaries and fringe benefits.
    Anonymous
    6th Mar 2015
    3:23am
    nice comment, carmencita

    Re the taxes paid by corporations on their profits. Well, the net effect on the PUBLIC COFFERS, is next to NOTHING.

    This is how it works…. CORPORATION pays 30% on its profits. The corporations then distribute a certain amount of these profits to shareholders (owners of the corporation) in the form of a dividend. Those shareholders then claim the 30% back as an 'Imputed Credit' which acts to DIRECTLY reduce the shareholders tax bill by 30% of the the full dividend amount.

    So, the corporation pays 30% of its profits into the govts coffers, then the shareholders claim MOST of it back again and it is removed from the coffers. NET EFFECT, the govt coffers get very, very little from corporations operating in Australia.

    This is good for private corporate shareholders/owners because the Corporation pays most of THEIR taxes. For public corporate shareholders/investors their dividend income is virtually tax free.

    The wealthy pay little in taxes, as do the megacorps, especially foreign ones, so that leaves the AVERAGE AUSTRALIAN TAXPAYER who forks out MOST into govt. coffers and now we have the WEALTHY, telling US the people who provide MOST of the money in govt. coffers, that we cannot afford to LOOK AFTER OUR OWN!

    A hell of a lot of that money is via the GST which is a VERY, VERY inequitable tax for the average Australian (whether working or not and whether receiving an income or not) who pays a HUGE amount each year. looking at the ratio of GST paid as to income earned, the average Australian is PAYING billions more than they should. The wealthy when this same ratio is applied pay very little…. why else would they be keen to raise this disgusting tax!

    When you look into the real detail of our tax system, you realise that we the people should NOT be accepting these parasites telling us that they can't afford to LOOK AFTER OUR OWN. Especially when they are handing out multimillions to foreign mega corporations and telling us we don't need to tax FOREIGN mega MINING companies, on their SUPER PROFITS.

    It is we the people who should be DEMANDING those taxes be distributed to those in need and who in their lifetime contributed the most to the coffers of Australia.
    Patriot
    6th Mar 2015
    10:24am
    Joe is just "Moulding & Conditioning" our brains for the next move. May Budget???
    Indeed mussitate, we the people pay all the taxes and the ELITE pay - in essence - pay very little.

    Additionally to these facts, when you're on a lower income the tax burden is absorbing your "Quality of Life" and eating into the essentials.

    For instance, paying $1,350.00 tax (does not seem a lot) on a $25,000.00 incomeon ly leaves $23,650.00 to live (exist) on with today's escalating price increases.

    On the other hand paying $400,000.00 in tax on a $1,000,000.00 income may seem an enormous amount of money. However, the after tax "Expendable Income" is still $600,000.00 and will leave an enormous scope to get upto all king of things which contribute to "Quality of Life (???)" for that person. Whilst paying an enormous amount of Tax, your "Essentials" are not compromised at all.

    In the end, neither person is probably smarter than the other, They were just born with a different "Skill Set" or into different family circumstances.
    It's not what you know but who you know!!!

    I - once again - refer to the simple bloke called Einstein who said: "Strive not to be a success, but be of value".

    The Criminals in Canberra do NOT (want to) have a CLUE how to implement circumstances that promote conditions to make such attitudes practicable & Pallatable.

    6th Mar 2015
    4:19am
    Mick, the 700,000 is a fake number, because anyone working 2 hours a week is counted as ''employed''. If you add in all those unsatisfactorily employed and looking for full-time or extended part-time employment, there are well over 1 million. Forcing the aged into the work force is a stupid idea. It's only going to increase unemployment. Giving them a slightly more generous pension so that they SPEND more, might actually generate employment and thus increase tax revenue and gradually decrease the amount being paid out in unemployment benefits. Could also reduce health costs, disability, family breakups, mental illness and crime - because we know all those things are worse when unemployment is high.
    buby
    6th Mar 2015
    5:23am
    i'm stunned they are thinking that far ahead cause they won't even last that long. And i've never heard of so much dribble coming out of Mr.Hockeys mouth, unbeleivable. Where does he get his stories from? and somebody here said he's just reading from some other speech, thats already been repeated to make us believe that all is lovely.
    Yes this bunch of coconuts will be on their way out soon i'd say, cause they know not what they talking about seriously? How are we living longer when our Health system has gone to pot, and our education system is suffering. seriously......Grow a brain HOckey, STOP the Mocking us oldies, Most of us have been over worked, already, and you expected to word us some more.......YOUR truly funny......!!!!
    particolor
    6th Mar 2015
    8:59am
    I've got a lovely Bunch of Coconuts !! :-)
    Patriot
    6th Mar 2015
    10:00am
    buby,
    In the not too distant future - indeed - this "bunch of coconuts will vacate" their offices.
    Unfortunately, this just makes room for the NEXT BUNCH of COCONUTS to keep the same seats warm, emit the same dribble and tell us the same lies.

    It's all a GAME that is designed to manipulate the average Australian into SubServiance to the ELITE.
    Let's get off our Asses and object to being forced into slavery!!!
    That is, whilst there is still time.
    particolor
    6th Mar 2015
    10:10am
    And Around and Around will go the Magic Roundabout as they Retire on Copious Amounts of Public Money !! :-(
    Savo
    6th Mar 2015
    8:08am
    Joe Hockey what has happened to the 15% of tax that is supposed to be for the old age pension this was brought in when taxation was introduced in Australia to pay the pension, you and progressive governments before you have spent it.

    While we are talking pensions how about your pension and the ludicrous perks you and all your fat cat mates enjoy you mob are out of control but you don't show any leadership like cutting your own perks and having one pension arrangement and rules for everyone in Australia.

    Lets take the head of the Australian Post $4.5 Million dollars a year. Bring him back to the same level as all other Govt heads it is obscene to pay a head of a government Department this much when the Prime Minister of the Country receives a pittance in comparison,and he is currently running the show at a loss.

    All you blokes in parliament and your mates at the top end of town start tightening your belts, pay taxes, show some leadership, cut your own wages and perks and then maybe we the Australian people will start taking notice of you.
    particolor
    6th Mar 2015
    8:21am
    Ill have what You had for Breakfast !! :-)
    Chris B T
    6th Mar 2015
    10:27am
    1 The Politican and Other Commentors SHOULD SAY WHAT THEIR INCOME IS Before commentting on the lower scale and how they should live on the mega amount.
    2 Above $150,000 Should have a mandatory TAX OF 20% of income can not be REDUCED
    3 All businesses should pay tax of minium of amount set IN LAW OF 15% OF NET PROFIT
    INCLUDING FOREIGN NATIONALS THEY EARNED THE MONEY HERE SO PAY TAXES HERE
    particolor
    6th Mar 2015
    6:58pm
    Hear Hear !! YODELAYDEHOO !! :-)
    wally
    6th Mar 2015
    11:43am
    A report is a report is a report. Now the oldies have had their say in this forum, I am looking forward to see what our pollies have to say about it. And after they have had their say, what they are going to do about it.
    Or will Labor follow the lead set by our "True Believers" in this forum and go into "Denial Mode" because they can't bear to own up to having caused all the damage Rudd and Gillard did.
    geomac
    6th Mar 2015
    3:25pm
    Wally
    Howard and Costello put in place structural deficit while neglecting infrastructure. Abbott and Hockey dismantled Labor revenue raising policy while claiming we are in a debt crisis. The car lease rort ( novated leases ) and the 15% tax on super for profits after 100,000 bucks. I need to repeat that, profits made after 100,000 bucks has already been made. Super concessions to the well off nearly match the pension outlays but not a word from the govt on intent to rein it in. However not so with reducing the rate of pensions. So address one side of the problem while ignoring the other side. Same with the last budget. Ignore revenue raising while attacking expenditure yet both are two sides of the same coin.
    Wally you seem to ignore that this present govt has increased the debt level. How do you explain that ? No GFC to combat yet higher debt and higher unemployment figures. I can only assume that the true believer is you and you are in denial about the position this present govt has placed us. You are denying the govt debt and unemployment figures that have occurred under this govt. As Hanson said " Please explain ".
    wally
    6th Mar 2015
    10:53pm
    geo, do you remember how the Labor government, (in its dying days when it was obvious that they would be given the boot after the 2013 election) chose to "Abbott Proof" fresh financial obligations that would be binding on the incoming government? In order to honour the commitments Labor made prior to the election, and with a reduced stream of money coming in to government coffers, the current government had no choice but to raise the debt limit and borrow more money. If they had not, pensions, health and other essential services would not get adequate funding, The obvious fact that you fail to mention how the Labor "heavies" laughed about their "Abbott Proofing" attempts to sabotage the incoming government would suggest that either you are in denial or else you were in some sort of coma when Labor did this.
    geomac
    6th Mar 2015
    11:30pm
    Wally the govt not only had a choice but asked for and received a blank cheque to load up debt. You seem to forget that Abbott has tried to renege on Gonski and it only ever signed up for the first four years. The bigger slice of funds comes after that period which blows your theory out the window. Surely you remember the Pyne back flip and return to eventually do a final mea culpa . Hockey borrowed to give the RBA 9 billion, nobody else. Abbott and Hockey declared their intentions before the election with full knowledge of the books. Remember Costello and the budget honesty pre election thingy ? No matter to you apparently that they immediately tried to impose policies never mentioned and actually promised not to happen. Sorry Wally you suggestion does not wash and that old chestnut died long ago having been used too many times by numerous govts. They tried it in Victoria too but hard to do when Labor left a surplus. Thats how ingrained the trick is or how gullible they think the public are. Apparently you fit that category or you think I am. Seriously Wally even Abbott and Hockey gave up on that ruse long ago having been caught out and looking like gooses. Come to think of it that ploy was dropped before the election and again shortly after it. Where ya been Wally ?
    wally
    7th Mar 2015
    10:55pm
    Hi Geomac, When you say that Hockey borrowed money to give to the RBA, who did he borrow it from? Can you provide details please? My understanding of the Gonski Report is that after the report was submitted, Julia Gillard decided she could improve upon its recommendations and would up taking funds allocated to tertiary educational institutions (as Gonski recommended) to put into the primary school system in a rob Peter to pay Paul exercise. After Julia finished with it, Gonski was not pleased with the result.
    As an aside, where did Julia find the money for her (over?) generous allocations to education? Was Australia in a financial position strong enough to afford the cost of Julia's allocation? Or was it a desperate effort to produce a vote winner for Labor by doing something good and never mind the cost. It too would go on the "Never Never" as were so many other Labor cash splashes.
    When you say that Abbott and Hockey had full (and I suppose you mean unfettered) access to "the books" prior to the election, I find that hard to swallow. Why would Swan or the Labor government allow the opposition to scrutinise the books prior to the election? If this were true, Abbott would have been given more "ammunition" with which to attack the Labor Government on the grounds of fiscal irresponsibility. To suggest Labor didotherwise would be suggesting that Labor was even more stupid than we give them credit for being.
    Lastly, you ask where have I been? If what you say has any truth to it, where have Bill Shorten and his attack dogs Penny and Tanya been? Surely you present a veritable gold mine of information for the Opposition to use in attacking Abbott and Hockey. Yet they seem to be silent on this issue. Why? Perhaps they do not want to revisit the "Glory Days" of the "Kev and Julia Show" where their unsustainable overspending to buy votes put Australia into the debt ridden mess we find ourselves in today.
    Over to you.
    geomac
    8th Mar 2015
    1:32am
    Crikey
    To raise the one-off $8.8 billion payment?—?Hockey has yet to produce legislation authorising the raising and the payment of the capital into the bank?—?the government will boost its debt by the same amount, instead of adding to the bank’s fund out of tax revenues over a period of years, which would have been a smarter and cheaper way of doing it. The extra debt could cost taxpayers over $400 million a year in extra interest costs.

    Then again, the real purpose of the extra $8.8 billion was to paint the former ALP government in the worst possible light, an attempt that continued with the mid-year economic statement in mid-December.

    http://www.crikey.com.au/2014/01/31/hockeys-rba-handout-is-looking-sillier-and-sillier/?wpmp_switcher=mobile

    The Charter of Budget Honesty Act 1998 (the Charter) provides for the Secretary to the Treasury and the Secretary of the Department of Finance and Deregulation (the Secretaries) to release publicly a Pre-Election Economic and Fiscal Outlook report (PEFO) within 10 days of the issue of the writ for a general election. Such a writ was issued on 5 August 2013.

    The purpose of the PEFO is to provide updated information on the economic and fiscal outlook. The information in the report takes into account, to the fullest extent possible, all Government decisions made before the issue of the writ and all other circumstances that may have a material effect on the economic and fiscal outlook.

    In recognition of the limited time available to prepare the PEFO, the Charter provides that information which is unchanged from that provided in an earlier economic and fiscal outlook report may be summarised in the PEFO.

    The 2013 PEFO updates the estimates contained in the 2013-14 Budget and the August 2013 Economic Statement. Like the Economic Statement, the economic forecasts underpinning the PEFO take into account information contained in the March quarter national accounts. Given differences in their date of release, the PEFO is able to reflect more updated information than the Economic Statement. The PEFO reflects economic indicators released up to and including Tuesday, 6 August 2013. The PEFO also includes all decisions taken by the Government since the Economic Statement.
    Pass the Ductape
    6th Mar 2015
    6:09pm
    It's a good life! You're born - and when you grow big enough you go to school where you learn the fundamentals of how cope in a world that requires you to work until you drop - unless you become a politician.
    particolor
    6th Mar 2015
    6:54pm
    Never mind the Lip !! Tighten Your Belt, Do some heavy Lifting and Work till You Drop !! :-(
    wally
    6th Mar 2015
    10:57pm
    0r a professional parasite. Or a pol..............
    pate
    7th Mar 2015
    8:20am
    Smokin Joe (as my husband calls him) is an idiot & not worth calling a politician actually he can't add 2 + 2 which I would have thought would be necessary to become a treasurer or any likes of anybody known as one.
    particolor
    7th Mar 2015
    8:29am
    Joe Castro :-)
    Patriot
    9th Mar 2015
    4:29pm
    particolor,
    Don't insult Fidel.
    Cuba has done exceptionally well after the USA boycotted it for years. The best thing ever happened to it!!!
    Should happen in Australia as we have all the "Tools & Resources" to make a success of such an adventure.

    UHM - That is fir the Pollies - of course!!!
    jonboy
    7th Mar 2015
    12:01pm
    We just had a mining BOOM and our economy is in BIG trouble, WHY??
    And when we say living longer, shouldnt that mean we can ENJOY our retirement longer. Well we only live once and Pollies will want us to work until we die at this rate!!
    particolor
    7th Mar 2015
    12:19pm
    Where did all the Boom Cash Go ?
    Gone to Polly's everyone !
    When will we ever learn ?
    When will We EEEver Learn ?? :-)
    Kingston Trio...
    mangomick
    7th Mar 2015
    12:54pm
    Despite all the spin about the wealth created by the mining boom in Queensland, the coal industry in Qld is large, when assessed by volumes of coal produced. But while production volume is large, in the context of the entire Queensland economy it amounts to only 7 per cent of Queensland’s economic output. The industry has been very profitable, but 80 per cent of this money is sent offshore to the foreign shareholders of mining companies.
    As most coal industry profits are sent offshore, the important benefits of the industry to Queensland are employment and royalty revenue. But in reality these contributions are surprisingly modest.
    At the 2011 census 24,350 people worked in the Queensland coal industry – just 1.2 percent of Queensland’s 2 million strong workforce. It is one of the smallest industries by employment in the state.
    More people are employed in the Arts and Recreational Service sector than are employed in coal mining. The Agriculture, Forestry and Fishing sector employs more than twice as many people as coal.
    Despite the importance attached to coal by politicians, the media and the general public, coal royalties actually account for a small part of state government revenues. While the total value of royalties paid per year seems large, with $2.1 billion budgeted in 2014-15, in the context of total state revenue this is a small component – only 4 per cent. Coal royalties are roughly as important to the Queensland state budget as either vehicle registrations or interest payments on funds held for superannuation and long service leave.
    Mining Boom? Yeah probably for Multi National companies getting access to cheap resources and amassing huge profits overseas.


    http://www.google.com.au/url?sa=t&rct=j&q=&esrc=s&frm=1&source=web&cd=8&ved=0CEUQFjAH&url=http%3A%2F%2Fwww.tai.org.au%2Fsystem%2Ffiles_force%2FThe%2520Mouse%2520That%2520Roars%2520-%2520Coal%2520in%2520the%2520Queensland%2520economy.pdf%3Fdownload%3D1&ei=zFP6VL3hG9bo8AWNroLwBA&usg=AFQjCNErW7z-wj-VKHwM0QZTsVU_i2NGnw&sig2=L_5f7mmtnN8MiE1b-C0iew&bvm=bv.87611401,d.dGc
    buby
    12th Mar 2015
    3:09pm
    cause jonboy they aren't being careful with the pennies they are making, and much as usual is being wasted, and yes monies being sent off shore. I belive if money is going to be going off shore it should be taxed!!!but i bet you they are not. The gov. thinks they can rely on a mining boom, thats not quite right. YOU need to have ppl in work, but the jobs markets are declining, and those that are working are complaining they never get enough money. so its a vicious cycle.
    the Pollies tell us porkies, blaming this that and the other, hitting on the disabled, and pensioners, when they should be thinking about creating MORE jobs. and unfortunately its just not happening. they are Damaging our environment, instead we should be growing our own foods on these precious lands, and be servicing our ppls with good produce, NOT poisoning them......Many problems, the gov. have created. and nobody smart enough to work out what needs to happen to save our little bit of paridise.
    Kato
    7th Mar 2015
    1:13pm
    http://www.tai.org.au/content/richard-denniss-joe-hockeys-debt-bomb-false-alarm
    Ny19
    7th Mar 2015
    9:50pm
    I got a message from GetUp saying they are working with YLC to overturn the new indexation on pensions. They asked me to sign a petition but the link to it won't work. Every time I try to open it I get "Cannot open the page". So frustrating because I really want to sign it. Has any other GetUp member on here encountered the same problem? Can we sign the petition through YLC?
    geomac
    7th Mar 2015
    10:20pm
    I just signed it Robi. I used Safari browser.
    https://www.getup.org.au/campaigns/pensions/igr-sign-petition/protect-the-pension-from-scare-tactics?t=BmNzAt2oq&utm_content=7435&utm_campaign=So%20scary%2C%20you%27ll...&utm_source=blast&utm_medium=email


    Just tried it with Firefox and it came up ok.
    Ny19
    9th Mar 2015
    2:35pm
    Thanks for that geo. I just managed to sign it. Don't know why the link wouldn't work previously.
    Jen
    9th Mar 2015
    10:25am
    This is the sort of Government we're placing our faith in to take care of all, especially vulnerable Australians, into the future: http://theaimn.com/whistleblower-goodies-and-baddies/

    Read right to the bottom. How can anybody defend this mob, let alone take them seriously. You'd have to place all ethics and morals aside.
    Jen
    9th Mar 2015
    11:01am
    http://www.theguardian.com/business/grogonomics/2015/mar/09/intergenerational-report-assumptions-about-government-spending-are-a-confusion-of-idiocy?CMP=soc_567
    foxfieldslavender
    9th Mar 2015
    11:27am
    Who else thinks that the 'grey army' should band together and form a very formidable party. We could be a very strong party and also a fair and honest one. Is there any room for such a party or perhaps it would not fit the criteria by being honest! Then maybe the 'grey army' would be allowed to work and not be told that they do not fit into 'the culture' of the work place.
    particolor
    9th Mar 2015
    11:30am
    Get Your Fire Brands and Pitch Fork !! :-) Lets show the Barnstead's Who's Boss !! :-)
    Blossom
    9th Mar 2015
    12:09pm
    They temproarily formed one in SA but they didn't get enough votes and didn't have financial support to continue.
    Patriot
    9th Mar 2015
    4:26pm
    I'm in!
    buby
    9th Mar 2015
    5:30pm
    i;m IN..ANYBODY ELSE :)
    Not Senile Yet!
    10th Mar 2015
    3:59am
    All Australian Pensioners have been living in poverty since the year 2000 and it has gradually got worse since!!!
    Not because the Governments keep reducing it....but because INFLATION has devalued it at a rapid rate!!!
    No worker has had a Pay rise equal to the CPI since 2000.....therefore no Pensioner has had an increase equal to the CPI!!!!
    Not to forget the CPI does not include everything ...therefore the actual inflation rate is always higher than the CPI by 1 or 2% each year.....multiply it by 15yrs.....add in the cost of Power Gas Rego Rates and Food that has risen by over 10% each and every year and you get the BIG PICTURE!!!!
    In world economic terms....this in unsustainable for any retiree....as they are unable to supplement their incomes to adjust!!!
    Why can they not do this???? Because the Government still prohibits a retiree from working part-time without penalising them through taxation. This out-dated Rule/Law was created back in the 70/80's to stop abuse...by working as well as collecting a Pension!!!
    But then...we had a limited tax paying base.....which is not true anymore!!!
    Too many Laws and Rules with regard to Pensions and Disability Pensions are so out-dated as to be restrictive and Penalty Only orientated....there are no Rewards for endeavour in our System!!!
    The Intergenerational report was NOT intended to be used by the Government as Proper gander to exploit their policy of cutting back on the Pensioner Payments......it was intended for Governments to adjust their Provision and Implementation of Policies so as to help improve the Retirees ability to self-fund part of their retirement income and thus relieve the Governments burden!!!
    But the Government has taken it as a green light to absolve itself of any responsibility at all and to start pointing the Blame finger at any and every opportunity!!!
    Both the Party Machines are behaving reprehensibly with regard to being Responsible about how to manage and change their policies in a manner that can not only reduce their burden but also assist the retirees to become self sustainable to a larger degree!
    No one wants a free ride....but also no-one wants either an extreme Right View Nor an Extreme Left View approach!!!!
    Playing the Blame game and pointing the finger seems all the Party Machines are Good For!!!! Neither of them want to aim for the Middle...called Compromise!!!
    particolor
    10th Mar 2015
    4:14pm
    No one wants a Free Ride ... Yeah Ok ?? :-{
    Kato
    10th Mar 2015
    2:46pm
    This is just more over the top response from the Treasurer. Perhaps Mr Hockey could take a reverse view of the situation. Does he feel more under attack than all those on welfare support, child care, aged pensions etc. who he has accused of being ‘learners’ and therefore the subject of his punative policies? His attack on those less fortunate says much about the man
    Kato
    12th Mar 2015
    10:52pm
    https://www.getup.org.au/campaigns/tpp/tpp-hawaii2/the-dirtiest-deal-youve-never-heard-of?t=BKNjgI20m&utm_content=7463&utm_campaign=What%20you%20don%27t%20know%20will%20hurt%20you&utm_source=blast&utm_medium=email
    buby
    15th Mar 2015
    5:07pm
    thanks kato yes, i can sign this but what amuses me is once signed up they then want you to donate to GETUP, and the money goes to Hawaii,,,, why would i want to send money to hawaii........... GET a GRIP!!!
    particolor
    15th Mar 2015
    5:23pm
    I did ! I get a free Lei ! :-)
    buby
    18th Mar 2015
    8:45pm
    and pray what!!! is a LEi>? and if you donated, then it wasn't free whatever it was :PP
    loansmob
    9th May 2015
    9:10am
    This is ridiculous. I know that many things are going on, and this is an unfair policy change. Some might have to turn to other means, and one of the options is http://loansmob.com/. It's definitely an option, and in this economy, it might be important for many to consider.