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Post by spinifex on Jun 29, 2022 17:16:27 GMT 10
"Everyone should read the budget papers of their state government at least once in their life .." If I ever want to end up with mild depression, will give that a go. The depression will be more than mild ... But its highly instructive of why the System as we know it ... can't endure. There's no way to fund it in the long run.
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Post by spinifex on Jun 29, 2022 17:24:28 GMT 10
I think you will find those generous super schemes haven't been available to new employees for many years. Correct. And the burden created all those years ago is now coming to fruition with large volumes of outflowing payments that still escalate by the year. Even the current crop of 10% mandatory super funds is a huge burden. Both now as lost taxes and again as retirees become due their payments in future. Mandatory super investment has played an important part in escalating the price of real estate here in Oz as well. Making it very damn tricky for hard working low income earners to buy a place. I know baby boomers who complain about their kids not wanting to take on huge mortgages. The Irony is thick and delicious when the cause berates the victim (their own flesh and blood at that) for not "joining in" in the punishment.
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Post by spinifex on Jun 29, 2022 17:34:13 GMT 10
I'd vote for any government that outlawed all forms of insurance (everyone should be forced to run their own risks) and mandatory super (everyone should make their own arrangements for building an asset base). Both these actions would liberate large volumes of cashflow towards productive activities and remove a colossal amount of systemic rorting. Government subsidy of private businesses is also a huge problem here in OZ and across the western world.
I see a time when the working class tax base collapses and all the gravy train rides provided to big, inefficient, ineffective businesses ends.
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bug
Senior Member
Posts: 2,053
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Post by bug on Jun 29, 2022 17:42:41 GMT 10
I'd vote for any government that outlawed all forms of insurance (everyone should be forced to run their own risks) and mandatory super (everyone should make their own arrangements for building an asset base). Both these actions would liberate large volumes of cashflow towards productive activities and remove a colossal amount of systemic rorting. Government subsidy of private businesses is also a huge problem here in OZ and across the western world. I see a time when the working class tax base collapses and all the gravy train rides provided to big, inefficient, ineffective businesses ends. You're one of the few people who realise the mammoth subsidies that go to business. We all hate dole-bludgers, but they don't even come remotely close to what big-business does. WTF are we doing, giving fossil fuel companies billions of dollars every year. If it is dug out of the ground, that needs to be a royalty paid to the Australian citizen. Not the government, the citizen. Alaska does something vaguely like that. The tax breaks/non-payment of tax whilst using taxpayer funded infrastructure by big business is just crazy. It's amazing what some pretty small political donations can get you in the way of friendly tax laws. I used to work for a multinational owned by a foreign billionaire. They wanted me to fill out the paperwork so they could get the jobkeeper supplement. I refused. Farking parasites.
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