Much has been said about franking credits in this last election campaign. However, not much has been said about the reduction of aged pensions in the last coalition budgets for part pensioners.
I personally had my pension reduced by approximately $20/fortnight. This was implemented by our newly appointed government. How is this fair?
How hypocritical is this when they have been spruiking a retirement tax in the Labor Party's plan to reduce Franking Credits? What is good for the Goose....
Many of us part pensioners have a small nest egg to help us retire in dignity on our part pensions. How is it fair to have our pensions reduced and yet look after rich retirees living on their large franking credits lawfully?
I don't envy those with large portfolios of shares, but I do not understand why us with smaller incomes or nest eggs, have their pensions reduced. How is this fair? Is this another example of looking after the big end of town?