Time for us Pensioners to go

[sptrawler]

It also needs employers to be willing to give people a go.

There are exceptions of course, but with many it's the same old problem. Won't employ anyone even in a basic role without experience. Now how, exactly, are young people supposed to get this experience if they can't get a job without already having it?

Even with simple things like seasonal farm labouring work it can be difficult. Farmer outsources labour provision to a contractor. The contractor will only employ those who live in hostels or other accommodation run by the contractor. That completely locks out local workers in favour of tourists, interstate workers etc unless the locals are prepared to hand over part of their income for accommodation they don't need. Obviously that isn't the case everywhere but it does happen and it's just one example of practices which make gaining employment difficult for some.

The point I was making, was the baby boomers are a large chunk of the workforce. When they leave, someone has to fill the positions vacated.

 

[sptrawler]

In view of the economic burden on the country I have decided with a number of other voices on Social Media today to ask the Government to legalise euthenasia ASAP so that we can depart with dignity and allow the younger generation to survive without the burden.

I am ready to go.

I have found a remedy for your obvious guilt, here goes, from an article I found on the internet:

On 1st January 1946 Primeminister Chifley established the 'National Welfare Fund' a compulsory 7.5% levy was applied on wages and shown seperately on your personal tax assesment. By 1950 the fund had 100million pounds.

In 1949 Menzies changed the act and the contributions were included in consolidated revenue and not shown as a seperate entity on the tax assesments.

From 1951 - 1985 the levy was still collected and used in consolidated revenue.

Apparently in 1977 the Fraser Government transfered the balance of the welfare fund account, to the consolidated revenue account.

In 1985 the Hawke Keating Government repealed the welfare funds act of 1945.

So if all that is correct, you shouldn't feel bad, us old farts have paid for our pensions. It's just someone forgot to look after it.

Don't take this as gospel, do your own research, but it is an interesting issue.

Ah found the link.
http://www.voiceofthepeoplelobbygroup.com/2010/august/truth_about_pensions.htm

 

[galumay]

You will probably be jostling with the unemployed under 30, given that we have an increasing % of structural unemployment, the removal of the safety net of unemployment benefits will likely lead to increased youth suicide, so by the time all the young and old top themselves, us middle aged should be able to get good jobs and continue to enjoy our privileged lifestyle!

 

[DB008]

Quebec passes landmark end-of-life-care bill

Act respecting end-of-life care, Bill 52, allows terminally ill patients to choose death

Terminally ill patients in Quebec now have the right to choose to die.

The non-partisan Bill 52, also known as an act respecting end-of-life care, passed Thursday afternoon in a free vote at the National Assembly in Quebec City.

The bill passed 94-22. There were no abstentions.

"Sometimes when you are suffering in pain, one hour can feel like one week.… The protection of the vulnerable is reflected in every aspect of this bill," said Parti Québécois member of the National Assembly Véronique Hivon, who drafted the bill when she was minister of social services under the former PQ government.

Bill 52 allows for and outlines under which conditions terminally ill Quebecers can request to receive medical aid in dying.

http://www.cbc.ca/news/canada/montreal/quebec-passes-landmark-end-of-life-care-bill-1.2665834


Found this on youtube.

Very powerful!

Do you agree with euthanasia? - Woman's Assisted Suicide Gets Filmed

 

[Tisme]

I'm guessing all you wealthy stock trading members are now pencilled in for losing your part pensions?

What I don't understand is how the economy is in reverse, but wealth apparently is out stripping the expenditure.... are people not paying their taxation or something ?

 

[tech/a]

I'm guessing all you wealthy stock trading members are now pencilled in for losing your part pensions?

What I don't understand is how the economy is in reverse, but wealth apparently is out stripping the expenditure.... are people not paying their taxation or something ?

Only yesterday paid company and personal tax bills ---- mid 6 figures so there would be a few of us who are doing the same.
No whinging here if you make it use it.
If you look after your staff and clients you can look after yourself.

 

[Bill M]

What I don't understand is how the economy is in reverse, but wealth apparently is out stripping the expenditure.... are people not paying their taxation or something ?

A lot of wealth held by older Australians is in bank accounts/term deposits. With interest rates going down even further means they have less to spend. They are frightened of the roller coaster of the share market and can't lose what they have. Low interest rates is bad for them and some can argue that the knock on effect of them not spending will make the economy worse, not better.

 

[SirRumpole]

A lot of wealth held by older Australians is in bank accounts/term deposits. With interest rates going down even further means they have less to spend. They are frightened of the roller coaster of the share market and can't lose what they have. Low interest rates is bad for them and some can argue that the knock on effect of them not spending will make the economy worse, not better.

All that is true, but imo, government benefits are for those that need them, not those who don't.

Taking money from those who already have excess spending power and giving to those who don't will have a beneficial effect on the economy as it's more likely that those on low incomes will spend the money, while those on higher incomes will stash any increases away in the bank with the rest of their loot.

The Robin Hood approach makes good economic sense imo.

 

[DaveDaGr8]

All that is true, but imo, government benefits are for those that need them, not those who don't.

Taking money from those who already have excess spending power and giving to those who don't will have a beneficial effect on the economy as it's more likely that those on low incomes will spend the money, while those on higher incomes will stash any increases away in the bank with the rest of their loot.

The Robin Hood approach makes good economic sense imo.

There is sooo much wrong with this !!!

Who decides what excess spending power is ? The government ? Really ? You're serious ????

People on low incomes spend the money ?. More likely waste the money, put it in pokies, cigarettes, alcohol and not save for a rainy day. Lost count of the number of loans i've made to people when their car dies and they need $500 to get it fixed. The same people who blow their entire paycheck in one night at the RSL. A LOT of this money goes straight offshore as well so this wastefull spending actually diminishes our economy.

Robin hood never stole from the rich ... he stole from the middle class workers, the hard working honest people that made a decent living and had to travel the dangerous route through the woods of sherwood to get robbed. These merchants kept the economy going, employed workers and took on risk.

What's the outcome of the robin hood approach ? Merchants are either beheaded or move their operations to another universe to limit their risk.

The rich lords on the other hand kept their money in vaults and still demanded taxes off the merchants even if their goods were stolen.

I'm not quite sure how you see this as good economic sense ?

 

[McLovin]

A lot of wealth held by older Australians is in bank accounts/term deposits. With interest rates going down even further means they have less to spend. They are frightened of the roller coaster of the share market and can't lose what they have. Low interest rates is bad for them and some can argue that the knock on effect of them not spending will make the economy worse, not better.

I think maybe they need to stop looking solely at bank deposits. NSW Schools II bonds are at ~3.6% ytm (inflation linked). Melbourne Convention Centre is at 3.7%, again inflation linked. if you want to go a bit further out on the risk spectrum, Qantas has a 2020 bond with a ytm of 6%. I'm not endorsing any of these, I don't own any bonds and there is certainly a fair bit of heat in the bond market that would make me doubly cautious, just offering up an alternate view.

 

[SirRumpole]

I'm not quite sure how you see this as good economic sense ?

That's overblown rhetoric and you are using a few wastrels to generalise their behaviour onto the majority of people on the average wage or thereabouts who are by no means wastrels, but just people who want a few niceties of life.

If you are worried about wastrels, then I'm sure you would support raising taxes on alcohol, poker machines and cigarettes, unless your business depends on selling these useless and damaging commodities.

 

[sydboy007]

That's overblown rhetoric and you are using a few wastrels to generalise their behaviour onto the majority of people on the average wage or thereabouts who are by no means wastrels, but just people who want a few niceties of life.

If you are worried about wastrels, then I'm sure you would support raising taxes on alcohol, poker machines and cigarettes, unless your business depends on selling these useless and damaging commodities.

Possibly even support pokie reforms so we could reduce and eventually remove the scourge that they are.

 

[Tisme]

Possibly even support pokie reforms so we could reduce and eventually remove the scourge that they are.

Good point