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Take away social security payments and these folk will be forced to work. In Asia, there are surprisingly rare examples of the above.

The path to great wealth usually involves harnessing the capital of others and /or the labour of others to generate income. This is what most great businesses are about. An individual worker be she a doctor, lawyer, plumber or rocket scientist will find it impossible to crack the BRW 200.

Based on your review, I think I will take my mom to see quartet. Yes, please post the link. I often find it surprising that as soon as the movie ends, people tend to just jump up and run away. Me, I like to read the end credits and the names of the actors/actresses that I have just...

Did you guys watch Les miserables or the hobbit?

The Department of Veteran's Affair Gold Card is indeed the holy grail of concession cards. Free medical care under any specialist in any hospital. Never one cent needed to be spent. Home help, transport, free movies and much, much more. However, no amount of manipulation can get a Gold Card...

Very true, so therein lies the incentive to invest and accumulate wealth in the off chance that the goal posts change over time as inevitably they will.

The 1% is across all ages. It means that most Australians will qualify for a part pension once they reach the qualifying age.

It depends on your personal situation as to the monetary benefits of access to part pension versus self funding + seniors card. There are far more monetary benefits from being a pensioner than a senior cards holder. This is especially in the area of cost of medications...

1.05 mil of investible assets outside the family home is quite a big sum of money for welfare recipients. If we are to believe the stats, only 1% of Aussies have over a mil of investible assets outside the family home...

I will provide the link again for your satisfaction. The actual figure is actually higher than 800k which validates my point regarding the disparity amongst welfare recipients in australia. http://www.humanservices.gov.au/customer/enablers/assets

I think very few people can claim to speak for the majority. Even our PM in parliament does not have majority backing. Therefore, we can only speak about our immediate experience from our life history, experiences and surroundings. The north shore is as good a place as any. On the north shore...

There are much more benefits from even a part aged pension than a seniors card alone.

All you need is a tiny bit of the part pension to access the full ancillary benefits, discounts on rates, transports, utilities, medications, nursing home care. It is these anciliary benefits which most people are after, even those living in 1.6mil home and having 800k investments.

The circle of moms certainly make somersofters look very mild.

We are discussing the role of welfare on this thread. Should grandma with her 1.6 mil house and 800k in investments and the ability to take on boarders be entitled to welfare and government handouts known as the part aged pension? I am not sure about this but believe it to be a topic of...

Sydney's north shore to be precise. Home of many pensioners with mansions and mercs.

Two quick years at about 100-150k per year, aged 27.

I refer to many government pensioners whose total net worth may be in excess of 2 mil.

Grandma's house on the north shore of sydney will be worth three times more than the mcmansions of sydney's west which may house a young working family consisting of a plumber, his wife and two kids. Yet grandma will receive the government pension whilst plumber needs to keep plumbing...

She would qualify for a part aged pension will full ancillary benefits. She will find it much cheaper to fund nursing home care than a fully self funded retiree. As you pointed out earlier, if you do not access any form of government pension, you are liable for massive costs when trying to get...