One of the first steps in eradicating the Age Pension

Totally disagree there DT. Why should someone be forced out of their home because they are asset rich but cash poor? If you worked your butt off to buy a $10M waterfront palazzo, but are stopped from getting a pension because you have no other assets?

Are they any less worthy of getting the pension than Datto's long lost cousin who smoked 4 packs per day, spent his (cash) wages at the TAB to legitimise the income, drank his dole money etc and was on an carer's pension once he hit 21?

Why compare them to the local degenerate?

Does someone with a $10m home really need a pension? It should be for those who need it and not everyone.
 
So you would rather reward the degenerate who hasn't done anything for society (other than breathe its air) than someone who has struggled and got lucky with a block which was streets away from the water but has tidal influence due to global warming?
 
If you can afford to buy a $10m harbourfront palazzo you can afford to plan your financial future

Agree, but it's still no excuse to reward the degenerate in the earlier example, more focus needs to be put into cutting off or penalizing those who refuse to help themselves.
 
Totally disagree there DT. Why should someone be forced out of their home because they are asset rich but cash poor? If you worked your butt off to buy a $10M waterfront palazzo, but are stopped from getting a pension because you have no other assets?

Are they any less worthy of getting the pension than Datto's long lost cousin who smoked 4 packs per day, spent his (cash) wages at the TAB to legitimise the income, drank his dole money etc and was on an carer's pension once he hit 21?

If centrelink was fixed as per my previous suggestion, dattos long lost cousin would be working. And would therefore be getting Super and therefore be less reliant on pension.
 
Agree, but it's still no excuse to reward the degenerate in the earlier example, more focus needs to be put into cutting off or penalizing those who refuse to help themselves.

I had this conversation thirty years ago. It was pointed out to me that without welfare, the no hopers would be stealing all our hard-earned possessions.
 
Totally disagree there DT. Why should someone be forced out of their home because they are asset rich but cash poor? If you worked your butt off to buy a $10M waterfront palazzo, but are stopped from getting a pension because you have no other assets?

Are they any less worthy of getting the pension than Datto's long lost cousin who smoked 4 packs per day, spent his (cash) wages at the TAB to legitimise the income, drank his dole money etc and was on an carer's pension once he hit 21?

capacity to pay.

happens in most parts of modern western civilisation

ta
rolf
 
I had this conversation thirty years ago. It was pointed out to me that without welfare, the no hopers would be stealing all our hard-earned possessions.

Ok, fair point, how about more focus on actually getting these people (the ones who could clearly be working) to be contributing members of society through employment and taxes?
 
There are a few facts people seem to forget in these discussions:

1. Most people on the dole want to to work
2. There aren't an infinite amount of jobs available. That is, there are always going to be unemployed people.

Take into account the trend towards employing people on a part time or casual basis - not just here, but all over the Western world - the continual exporting of jobs overseas and a rickety economy.

Apparently, youth unemployment is the highest it's been in 15 years. Not to mention old people who were planning to retire, but have decided to continue working, because their retirement savings have been slashed... meaning less job opportunities are opening up. There are many factors involved here other than 'people are lazy'.
 
Totally disagree there DT. Why should someone be forced out of their home because they are asset rich but cash poor? If you worked your butt off to buy a $10M waterfront palazzo, but are stopped from getting a pension because you have no other assets?

Are they any less worthy of getting the pension than Datto's long lost cousin who smoked 4 packs per day, spent his (cash) wages at the TAB to legitimise the income, drank his dole money etc and was on an carer's pension once he hit 21?

Old age pensions are meant to be based on need, not on whether you are worthy.

Perhaps as a compromise, Government could get a stake in your PPoR/inheritance to recover pension payments upon your inevitable demise? I can't see a way Government can get PPoR's into pension tests without upsetting the voters they depend upon.
 
Old age pensions are meant to be based on need, not on whether you are worthy.

Perhaps as a compromise, Government could get a stake in your PPoR/inheritance to recover pension payments upon your inevitable demise? I can't see a way Government can get PPoR's into pension tests without upsetting the voters they depend upon.

Thats entirely whats wrong - pollies doing things to appease voters rather than whats actually good for the country. Could save / redeploy a billion dollars a year, but too many socialists would have a whinge.
 
Would you rather have some of your tax money go into welfare programs, or spend the money on bodyguards and barbed wire fences to keep the violent criminals and hungry hordes out?
 
So you would rather reward the degenerate who hasn't done anything for society (other than breathe its air) than someone who has struggled and got lucky with a block which was streets away from the water but has tidal influence due to global warming?

Hi Scott, love your work but have to disagree with you there. You shouldn't put those two together, as they are separate cases.

The only question you should ask is:
Should taxpayer pay for people with 10 million assets an income?

Whether taxpayer should fund people who are lazy is another topic. Also welfare is not and should not be a reward based system, it should be a safety net that provides you with the essentials should you failed miserably in life. That's why I cringe everytime when I read about people on welfare complaining that they can't buy coffee with their money.
 
Means tested state pensions are a relatively new thing in oz. For those who are already retired they had a social contract with the govt for half their working lives, that they would receive an age pension, un means tested. It's hardly surprising that they expect a state pension no matter what.
 
I think the government doesn't take into account the PPOR because it knows that many elderly people have a house worth a motza through no fault of their own. They have lived in the same house for 60 years or longer. They have no other assets and have lived a simple life and are sitting on a goldmine by accident or because of the passage of time. The government cannot throw people out of their own home because it is worth a lot of money.
 
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