+1.I'd love to know if you have ever worked for a charity.
Also, are you getting HECs?
I think your idea of little countries who run themselves equates to the gated communities of the US which have their own police force, doctors golf courses etc.
You would love it .... if you had a couple of mil. You don't even have to see an average person.
+1.
SCM, I give up. Your attitude toward your fellow human beings, especially those who are most vulnerable, is repugnant to me.
I doubt very much that you will be fortunate enough to maintain your arrogant smugness for ever. Life has a way of redressing the balance.
It's mostly random buddy, a fund that does well one year will probably do poorly the next year, and vice versa.
There is no iron clad guarantee your money/super will be in the bank or your shares safe in 5- 8yrs time.
The USA Debt clock has had the $ display removed to allow for an extra 0, next year the clock will be replaced with 2 more displays available on the new clock.
1 second would take 32 yrs to reach 1 billion seconds, 1 trillion would take 31,600 years USA well over 15 trillion in debt.
Student loans debt is bigger than the Total amount owed in car loans and bank card and has to be repaid as it is money owed to the government until all this is sorted there is no certainty.
This thread feels like it belongs in a Dickens novel, not the 21st century.
There is no iron clad guarantee your money/super will be in the bank or your shares safe in 5- 8yrs time.
The USA Debt clock has had the $ display removed to allow for an extra 0, next year the clock will be replaced with 2 more displays available on the new clock.
1 second would take 32 yrs to reach 1 billion seconds, 1 trillion would take 31,600 years USA well over 15 trillion in debt.
Student loans debt is bigger than the Total amount owed in car loans and bank card and has to be repaid as it is money owed to the government until all this is sorted there is no certainty.
That's obviously unfair and unreasonable.McLovin, julia,
I am going to amaze myself by going to the defence of star...
I left my country (France but you can replace by any western europe country) as have a lot of bright/educated ( not me, the others) youngs for a reason:
in France the average worker earns less than the average retiree and yet get taxed more;
That's obviously unfair and unreasonable.
But I don't quite see how your objection to the French system means that you therefore support SCM's suggestion that there should be no public care for anyone, whether this is medical care for the population at large or a pension for the aged or ill. .
Err not really, from memory there are a couple of consistent stand outs,.
anyway surprised by star opinion considering the support he gives the current government...
But I don't quite see how your objection to the French system means that you therefore support SCM's suggestion that there should be no public care for anyone, whether this is medical care for the population at large or a pension for the aged or ill. Plus his suggestion that the very elderly should still be put to work cleaning the streets. Do you really envisage an 85 year old on his walking frame trying to bend down to pick up rubbish?
Also, they do not have to bend down at all Julia - we live in a modern technological world, where they have special equipment provided to pick up rubbish with minimum physical movements.
I certainly don't want them to work - but if during the first 85 years of their life (okey, let's say 65) they failed to generate enough revenue to sustain themselves, then I do not see why they should be subsidised.
Well they are not going to go away, so what do you propose should be done with them?
I feel you should not have asked
Well they are not going to go away, so what do you propose should be done with them?
I think we are pretty much of the same mind. I understand your frustration with middle class welfare. I also abhor it. Unfortunately, successive governments have so practised this form of vote buying that people feel it is an entitlement.Hi Julia,
as I wrote: "I do believe in a minimum survival government benefit " but forced super, forced health care: no thanks...
We (ie working taxpayers, small business owners ) end up as suckers being fleeced to death: why should I be forced to pay any private health cover for example, yet with the tax fine, this is the case, even worse from july.
And the private health premium adapt to the situation....and i can not even buy health fund shares....
As for retirement, I avoid putting any money as much as possible (am 45y old): I want to have minimal control on my money, not be told when I am 60 that I can not touch it until what 80, 85 and die rich at work with probably a death duty for the inheritance?
This is what this whole system leads us to, it is a shame not enough Australian did experience the slow decline of western Europe former powerhouses and satellites...
But yes we do need a minimal protection net,
yet no baby bonus, no gold cushion based on age only, driving a car, cheap oil and having the latest flat screen is not an entitlement
and education should be encouraged with HSEC not based on the parents income; give everyone a fair chance, but do not favorise "loosers" (do not really like that word, should I say battlers as used by ACA style TV) to the detriments of others.
Is this far left, far right, or do the extremes join?
Anyway, nearly philosophical...
There's certainly truth in this. The obvious solution seems to be a more careful selection process as to comes here but the present government is so in thrall to the Greens that they are apparently powerless to stem the endless flow.welfare state is fast becoming unsustainable, and has in many parts of Europe become merely an invitation for parasites to come to one's country and feed off of it's taxpayers.
Do you make no allowances for those who simply lack capacity? This can be as a result of genetic or social disadvantage, plus physical or mental illness.I feel that this is a slight misrepresentation of my views. I certainly don't want them to work - but if during the first 85 years of their life (okey, let's say 65) they failed to generate enough revenue to sustain themselves, then I do not see why they should be subsidised.
If this were not so sad, it would be funny.Also, they do not have to bend down at all Julia - we live in a modern technological world, where they have special equipment provided to pick up rubbish with minimum physical movements.
+1. Already asked multiple times.Well they are not going to go away, so what do you propose should be done with them?
You clearly have no idea of the practicalities involved or the dollar numbers involved.I've already said charities, not sure what else you want.
Name just one.
APRA super Bulletin 2011 said:Superannuation rate of return
The industry-wide ROR illustrates the (after tax and expenses) change in the value of the superannuation industry investments. For the 15 years to June 2011 the annual industry-wide ROR was typically between —6.8 and 12.9 per cent per annum, with 80 per cent of RORs falling in this range. There were four financial years with a negative ROR over the 15-year period.
Exactly. Yet apparently many people are too apathetic to even make such a choice.
As i said and the APRA document proves...its not so much the fund but how the member chooses to allocate his/her funds across the investment choices at any particular point in time.
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