Good article - go to cash now?

[explod]

It's so easy to be smug when we are OK. The greater and more important aim is to ensure a levelling out of the two speed economy, the 'haves', and the 'have nots'.

In toto that was a great post Julia.

How others who will suffer bothers me a great deal too. But what to do? as you imply, no one seems to care.

 

[ROE]

Thanks for the reminder of the bigger picture, Smurf. It's all fine for those of us who have the capacity to invest, who are secure in our housing etc., but there are hundreds of thousands of ordinary Australians out there who are really struggling.

Quadrupling of power prices e.g. in the next few years is going to cause extreme hardship and I've yet to find any member of government, or social agency for that matter, making any sort of loud protests about this.

It's so easy to be smug when we are OK. The greater and more important aim is to ensure a levelling out of the two speed economy, the 'haves', and the 'have nots'.

In a perfect world everyone will have their fair share of the prosperity but the reality of free market there are always those who haves and have not.

there are those who are unlucky and fall into situation that they can not control and end up on the have not side

and there are those who spend above and beyond their mean and they eventually end up on the other side..

the best anyone can do is donate part of your wealth to charity and let them take care of those who have not.

Even people like Bill Gates and Warren Buffett can only give away their money to charity..they know they can not change the free market nor solve this problem..

This problem is bigger than man and country and I doubt anyone can solve it....very easy to make promise and do great speeches but come back to reality it nearly impossible to implement......

 

[Tysonboss1]

In a perfect world everyone will have their fair share of the prosperity but the reality of free market there are always those who haves and have not.

there are those who are unlucky and fall into situation that they can not control and end up on the have not side

and there are those who spend above and beyond their mean and they eventually end up on the other side..

.

Thats right, But it's abit like that old saying. "If you create a system that stops people doing really dumb things, You will also have a system that prevents people doing really great things"

I am a firm believer that it a capitilist system like Australia the rewards fall to those who do great things, and if you do really dumb things or are just plane lazy there is still a safty net called centrelink.

The simply fact is if you work hard and live wisly in Australia you will always do Ok.