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I do agree with china's basic premise of people being entitled to a part pension who ought not to be due to the large accumulation of wealth in their PPOR (intentional or otherwise). They already have a large CGT free house, pay $2 for medication that costs $30 for everyone else, in addition to...

That is the American system but I am not sure how successful it is.

Obviously the system doesn't fail for everyone. However, having grown up with lots of people who are still studying when they are in their late 20s (and no, not for something difficult like being a doctor), I just get a bit cynical when people say they are 'studying'. These days, it is a...

Going from the dole to being a 'student' isn't exactly an improvement. It just shifts him from being 'unemployed and looking for work' into 'unemployed but not looking for work because I am studying'. The former contributes to the unemployment rate, the latter does not. However, the latter costs...