Ok, probably a controversial topic, so think of it as an early weekend ediscussion that Kennas would normally post
Why is it the more we earn, the more we get penalised? (excluding the super rich)
1. Tax system. More you earn, the more you are taxed.
2. Pension. Spend a lifetime building up assets, then dont get the pension (as measly as it is anyway). Dont you contribute enough tax over your life?
3. Youth Allowance. This is a personal 'favourite' of mine. Im a student and i receive YA due to taking a year off and proving my independence. I have a part time job, but only work one day a week (my choice). This is due to the fact that for every $1 over $240 per fortnight i earn they deduct 50c from my YA. This means that after 14hrs p/f i am effectively working for half my hourly wage. Shouldnt they be trying to encourage students to find work and expand their education/possibilities etc etc?
Do you agree/disagree?