over9k
So I didn't tell my wife, but I...
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- 12 June 2020
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There's about a 2ish week lead time from infection to positive result last I checked.
Don't be surprised if biden or harris or whomever tests positive soon as we all know that all the advisors, staff etc rub shoulders with each other constantly. Not saying it's going to happen, but there's a very realistic probability that it does.
No they wouldn't, I know for a fact most worked hard for what they have and are helping their kids.You'd get absolute uproar. Boomers don't want the government taking money they'd leave to their kids and the kids need the inheritance money. No chance of it happening.
You'd get absolute uproar. Boomers don't want the government taking money they'd leave to their kids and the kids need the inheritance money. No chance of it happening.
And I was responding to your post that the baby boomers are screwing over the next generation, which I'm sure isn't happening, as I said if you have anything you get nothing.I wasn't giving you my opinion on the policy, just saying that it'll never happen. As I've tried to point out a lot earlier in the thread, we're here to discuss what we think will happen, not what we think should happen. Hence my previous comment to a previous argument between two members not mattering on account of the fact that the politicians are not going to change their tune on it.
There's just no way they'll ever get a decent inheritance tax or equivalent passed. Not a hope. No point even thinking about it, no matter how much of a good idea it might be.
Adding to that but another thing I don't see returning to 2019's "normal" anytime soon is international travel.There's a future but it's different to the past - we're going to be making more ourselves and relying on others less
I agree with that, the prime residence should be included in the asset test for the pension, by the way I sold my ppr and downsized when I was made redundant at 55 and have been self funded since.The fact that your house isn't counted in your assets is a major problem. It effectively allows you to yank all (or at least, a lot) of money out of super, buy a palace with it, and then have the system pay you/pay your living expenses while you live in it.
But again, that's not going to change either. From my perspective, it basically just means that I inherit more whilst having higher income taxes to pay the public debt off later. It's nice that my grandmother hasn't had to sell her house to fund her retirement (meaning I'm going to inherit a lot more from her), but at the same time, someone is paying the taxes that fund her pension, and considering that that pension is currently being funded with public debt, that someone is going to be me (eventually).
And isn't the covid response the perfect continuation of that policy: destroying the economy of the west..and as an aside of Africa, latin america and all but Asia, not to scare the over.. what 55?The first world has been beholden to the baby boomers' whims since the mid 90's. It's simple demographics and they have outvoted the rest of us.
To be more specific, they've voted to **** us all over. Even now, the boomers are at the peak of their working and therefore taxpaying lives so tax revenues are at the highest they've ever been and so now would be the ideal time to start paying debt down. But the boomers don't want to pay for it and there's enough of them to simply vote for it to be someone else's problem, and so they have. Hence the massive deficits the government is running/the absolute joke the last budget was.
You can also see this politically through time:
In the 90's/early 2000's the boomers all had massive mortgages, so john howard ran on a "interest rates will always be lower under a liberal government" message, and was the 2nd longest reigning PM as a result of it.
Then after inflating a massive housing bubble that krudd & co kept going into the 2010's that made the boomers filthy stinking rich at the expense of their children & grandchildren it was "well nobody's ever complained to me about their house price going up" (like housing getting more expensive is a good thing or something, which it obviously only is if you already own one or even several investments)
Then just before coronavirus it when boomers were all at the peak of their careers before retirement and therefore peak of their taxpaying days it was "historic income tax cuts" and finally, only when being left to rot in nursing homes wasn't too far off for the baby boomers did we finally have a "royal commission into aged care". Not a problem for the boomers' parents/my grandparents, but it's an issue now!
Again, this is not complex - the boomers have had the demographic weight to and have actively decided to vote for nothing other than their own self interests for their entire lives without giving a second thought as to who's going to have to pay for it (i.e their children and their grandchildren) and only once enough of them are dead around 2030-2040 or so will the rest of us be able to finally start cleaning (and paying) up the mess that they're leaving for everyone else to pay for.
All coronavirus has done is make that pain about 50% worse than it was already going to be. To be clear here, this was always coming, it's just going to be so much worse now.
My last statement might have been too cryptic, but what is the difference between a 'free trade' agreement today, and a removal of tariffs on imported gear from third world countries in the 1980's when labour cost was zero over there? I find it difficult to find the line, but hey I try to be objective.
I guess it depends who is on the rostrum, banging the tamborine.lol
Classic case of something that went too far.I don't agree with Hawke and Keating removing tariffs either. It's decimated our manufacturing industry.
One confusing thing with the US is that we see overall resultsView attachment 113349
I'm honestly surprised it's not higher. We'll see what winter brings when all the casual summer work (that's left) is over.
Who says it isn't?So I wonder at what stage the Share Market starts to reflect the economic realities of very different Australia ?
So I wonder at what stage the Share Market starts to reflect the economic realities of very different Australia ?
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