Australian (ASX) Stock Market Forum

Suggestions For Improving Australia's Economy

Is this a new 'Stolen Generation' I have to apologise for?:p:
One to be wary of, lost or stolen super. How many people have thought they had a good super savings behind them with their fund investing in CNP, ABS, Opes and a few more like them. If they are now at retiring age they have little left but the pension. Remember that the savings made in their earlier years were on a wage of a few pounds a week. My first wage was 27 shillings and six pence for 44 hours over six days. I was married with 3 kids and only earning 16 pounds a week and paying 5 pounds 5 shillings a week rent. And I was one of those better off!!! Never heard the
words "redundancy pay"

How safe is your super? Will government policy take it from you in the next few years? Will a war or a financial collapse interfere with it's progress?. I don't think you will expect an apology in those circumstances but you will no doubt be expecting sympathy and help.
 
If you'd read the original post, you would have figured out very quickly that this thread is not the place for serious discussion.
 
W
I remember giving a speech in school, about anyone over 65 being forcibly used for medical experiments. I think it would be a boon for our bio-tech industry. What do others think? That way an otherwise unprductive sector of the community is useful, and considering they spend most of their time in hospital, it should provide easy access to these people.
Ah, this one is easily solved. Just legislate for voluntary euthanasia.
More than 80% of the population are in favour of it. As we age, we can just go and sign up to be wiped out at our chosen age. The government could even charge for it as they do for everything else.
I can even now see the advertising:

"Don't put up with old age. Or the disapprobation of the younger generations.
Take our one step easy way out. Only $100 per person. Plus funeral costs."

See? So easy.
 
The movie "The Great Dictator" was a joke made about Hitler too but It didn't change history.

The younger generation have no intention of paying for them!!!!!!!!!!!!!. The younger generation OWE them.

I've posted this before, it needs revisiting. The year I started full time work,1947, the government introduced a pay deduction that went into a fund to guarantee that EVERYONE would be able to draw a pension on retirement. A few years later a greedy government transferred the fund to consolidated revenue, maintained the deduction and included it with tax, saying at the time that the pension would be paid from general revenue. Another government decided to means test the pension. We were robbed. As it turns out only the ones who owned property that has increased in value are able to maintain a reasonable standard of living through old age.

The younger generation have employer paid super deductions, they should not be entitled to the same pension arrangements. If they can make the country as prosperous as has the generation before them they should retire in comfort. They will in turn be the older generation and be relying on the younger ones as did the older ones when I was young. CORRECT THAT. If their super is "stolen" by one way or another I hope they can rely on the younger ones for assistance.

As for oldies not pulling their weight, go and see who does the volunteer work at opp shops, hospitals, coastguard, soup kitchens, welfare centres etc. They keep working because they are a dammed lot more used to hard work than a lot of the young ones I see around today who can only think me me me.

And so endeth todays soap box oration.

its funny you say that because a lot of intellectuals seem to beleive the baby boomers have had a realtively easy run in comparison to what my current generation will have by supporting a high amount of elderly, let alone the living costs of today
 
By the time we're 'ready for harvest' we're already a walking mineral deposit. Over our time, we've ingested/inhaled so much heavy metal, so much gold dust, so much asbestos, that it would make really savy business sense to start prospecting in our elderly. We know that most elderly women haven't had a shaft of any kind in them for years, so we can be sure that the resources they offer are untapped.
What about "brown field" developments?
 
its funny you say that because a lot of intellectuals seem to beleive the baby boomers have had a realtively easy run in comparison to what my current generation will have by supporting a high amount of elderly, let alone the living costs of today
Well now, I am completely confused.
One minute all baby boomers are rich and spoiled, therefore none of the younger generations will be supporting them because they have all greedily ripped off everyone else to secure their own financial security.

And now, the next minute, all baby boomers are going to be a burden on the younger generations , presumably because they have been indolent, indulgent and failed to provide for their own retirement.

Ah, how I do love generalisations.
 
1. Build infrastructure such as railway upgrades, lots of dams with associated hydro, improved roads, port upgrades etc.

2. Encourage innovative industries to remain in Oz and develop the industry here rather than sell it cheaply overseas.

3. Stop selling our businesses to overseas interests.

4. Live within our means and decrease the current account deficit.
Agreed 100%.:)
 
Talking about only Victoria, where would you build the dams to be able to guarantee filling them? Maroondah is only a third full and that only holds about one fiftieth of what the Thompson can. All you'll end up with is a load of dams less than half full & a stuffed environment. Not that it isn't getting stuffed already.
Dams are built for two major reasons:

1. To divert water. For example, dam on river forms a lake from which water can be pumped, run through turbines etc. The actual volume stored in the lake can be tiny or it can be large - it doesn't matter (within reasonable limits - you do need some storage capacity to avoid spill when it rains heavily) when the point is to get the water in the first place.

2. To store water. In this case the dam can either be on a river, in which case it has a natural catchment, or it can be an offstream storage that is simply pumped into / out of with the water coming from somewhere else.

As for the environment, I think the "stuffed" argument is a pretty hard one to truthfully say in most situations. I've seen rather a lot of large dams and in general I'd argue that while they've certainly changed the environment, they haven't really "stuffed" it in the vast majority of cases. :2twocents
 
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