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- 24 April 2009
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Supporting the middle class is just ridiculous, and a system where I could qualify for Youth Allowance so I could sit on my ass while at Uni when my parents collectively earn well over $500k pa is absurd and while I will take anything I am 'entitled' to, it's a joke that I have access to it.
Cut out unjustified welfare payments, reform the unemployment criteria and add this to the already implemented gradual phase out of seniors pensions and we should be able to lop a solid 5%+ off all MTR's, possibly even more.
This is why the current system is so ridiculous.. half my friends that went to a private school with me last year managed to get onto Youth Allowance even though most of their parents are able to drive them to school in BMWs and Mercs... Yet I don't qualify because I have to many liquid assets
The way the system is currently set up is pathetic and allows the people who don't deserve it to get our hard earned tax dollars. Also.. many of the people on lower incomes and gov't benefits waste our money on alcohol and cigarettes anyway. A lot of the time its their fault for not having savings by the time they retire. I could probably live of a 20k/yr income and still manage to save 5k a year. Over 40yrs working that would yield 200k if properly invested, I over that time.. probably 1M. People on low incomes can save if they wanted to, its just that they choose not to...