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Intergenerational Report - Political gobbledygook?

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This is an interesting article on the IGR

http://www.abc.net.au/news/2015-03-...nal-report-give-us-ideas-not-politics/6281860

The bit that caught my eye was this

Australia's age pension spending is 3.5 per cent of GDP, well below the OECD average of 7.8 per cent of GDP. Total age pension spending is less than the amount of tax the government foregoes every year by giving concessions on superannuation, nearly 60 per cent of which go to the top 20 per cent of income earners.
Perhaps Mr Hockey would care to correct this anomaly before he lectures people about working longer.

You can bet he will retire early on his bloated Parliamentary pension and super payouts.
 

Tisme

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Re: Intergenerational Report - Political gobbledygook ?

The pubic have switched off. The promises, the urgencies, the direness are just too relentless. Voters just want a leader who can sort out the problem, if there is one.

Apparently if the budget was passed, the great big insurmountable debt would be in surplus by 2020, according to Hockey who now wants to parlais with the Labour opposition for the good of the nation.
 
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Perhaps Mr Hockey would care to correct this anomaly before he lectures people about working longer.

You can bet he will retire early on his bloated Parliamentary pension and super payouts.
Perhaps you will do the figure about how much net tax people with superannuation STILL pay with these "overgenerous" tax breaks

Better still, how about do some number crunching on how much it would actually COST the government if superannuation went instead to negatively geared property.

You forget that super still provides revenue, it is just not as much as if it were taxed at marginal tax rates.

People with no money and no drive want myself and others to pay for the lifestyles they have become accustomed to during the mining boom.

MW
 
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This is an interesting article on the IGR

http://www.abc.net.au/news/2015-03-...nal-report-give-us-ideas-not-politics/6281860

The bit that caught my eye was this



Perhaps Mr Hockey would care to correct this anomaly before he lectures people about working longer.

You can bet he will retire early on his bloated Parliamentary pension and super payouts.
For once I agree with you, everyone is pulling the ti#s off it, the politicians are pulling harder than anyone.

Can't wait to hear Christine Milne and Bill Shorten get up there and say, we will lead the way. Just like Kev and Julia on what was it a 40% hike before getting chucked out.

But I agree completely with your sentiment, it is difficult to rationalise hammering super and talking about millionaires on super, when the pollies get $300,000 tax free as soon as they are chucked out irrespective of age.
Plus it is indexed.

It is a shame the media is fixated on Abbott, and not pursuing the hypocrisy of the sacrifice the politicians are not prepared to take.

The pensions they recieve, equates to have multi millions in super. Yet try and tax their super, what a joke.

The coalition, labor, greens and all the rest have no credibility, when it comes to morality regarding super , when it boils down to it that's why they are there.IMO

They are all full of it, similar to chardonay socialists, if they want to help the needy. Give them a house rent free till they can get on their feet, if you own a business give the workers a pay rise so they can live a comfortable life.

If you feel guilty because you have superannuation and don't get taxed enough, withdraw it and put it in the normal tax system.
Just stop telling me that you are so well off, that you feel sorry for the poor people, it is smug crap.
It may give you a warm fuzzy feeling in the tummy, it makes me feel sick.
My rant for this year.:xyxthumbs
 
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For once I agree with you, everyone is pulling the ti#s off it, the politicians are pulling harder than anyone.

Can't wait to hear Christine Milne and Bill Shorten get up there and say, we will lead the way ........
This is how they should lead the way. Pity we don't have leaders like the president of Uruguay who donates 90% of his salary to charity:

Mujica, 77, was elected in 2009 of the second smallest nation in South America; however, he has no interest in taking on the grand presidential life.

Humbly living in a farmhouse off the dirt road with his wife, whom both toil the soil, Mujica donates 90% of his salary to charity and lives completely satisfied, clear that he does not need more to appreciate life. The austere leader earns approximately $12,500 a month, but only keeps $1,250 for himself, the Spanish newspaper El Mundo reported.


http://www.trueactivist.com/president-of-uruguay-donates-90-of-his-salary-to-charity/
 
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This is how they should lead the way. Pity we don't have leaders like the president of Uruguay who donates 90% of his salary to charity:

Mujica, 77, was elected in 2009 of the second smallest nation in South America; however, he has no interest in taking on the grand presidential life.

Humbly living in a farmhouse off the dirt road with his wife, whom both toil the soil, Mujica donates 90% of his salary to charity and lives completely satisfied, clear that he does not need more to appreciate life. The austere leader earns approximately $12,500 a month, but only keeps $1,250 for himself, the Spanish newspaper El Mundo reported.


http://www.trueactivist.com/president-of-uruguay-donates-90-of-his-salary-to-charity/
That isn't going to happen here, the perception is most, if not all are in there for there own ends.

What does a lawyer, want to become the secretary of a hospital workers union for, because they give a $hit about hospital workers?
Or because they can take the pi$$ and get pre selection for a Labor seat. Jeez I dunno.
 
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That isn't going to happen here, the perception is most, if not all are in there for there own ends.
At the very least Malcolm Turnbull could easily afford to give up 100% of his Government salary and pension.
Why doesn't he?
There are some good precedents to follow:

President Kennedy gave 100% of his salary to charity.

The President of Egypt announced in March 2014 that he is donating half of his personal wealth and half of his $6,000 monthly salary to help his country overcome the current economic crisis. He also encouraged other rich Egyptians to do the same, opening a bank account for them to contribute.

When he took office in May 2012, one of the first things French Prime Minister François Hollande announced was his decision to cut 30 percent of his and his 34 ministers' salaries in an attempt to slash excessive government spending.


Source: http://www.washingtonpost.com/blogs...-here-are-other-world-leaders-whove-done-that

And why doesn't the media holler about the above instead of boring us to death with never ending cr@p about leadership speculation?
 
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At the very least Malcolm Turnbull could easily afford to give up 100% of his Government salary and pension.
Why doesn't he?
There are some good precedents to follow:

President Kennedy gave 100% of his salary to charity.

The President of Egypt announced in March 2014 that he is donating half of his personal wealth and half of his $6,000 monthly salary to help his country overcome the current economic crisis. He also encouraged other rich Egyptians to do the same, opening a bank account for them to contribute.

When he took office in May 2012, one of the first things French Prime Minister François Hollande announced was his decision to cut 30 percent of his and his 34 ministers' salaries in an attempt to slash excessive government spending.


Source: http://www.washingtonpost.com/blogs...-here-are-other-world-leaders-whove-done-that

And why doesn't the media holler about the above instead of boring us to death with never ending cr@p about leadership speculation?
The problem is, it is not a level playing field, MT has his heart in the right spot, however Labor would tear it out in a minute.

They would do to Turnbull, what Bob Brown did to Labor and non of it fares well for Australia.IMO

Australia has a small market place, so manufacturing of scale is problematic.

Australia has high relative wages and conditions, which is problematic.

Australia can ship iron ore with 65% fill ratio to a ship, steel would be much less. That becomes problematic.

We can keep taxing more to facilitate spending more on welfare, but that makes our product more expensive.

So we can up the welfare to compensate for that, and then increase tax to pay for the increase in welfare cost, which then we can up the welfare to compensate.

Anyone for some Ouzo.:D
 

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